Israel Englander Millennium Management
Israel “Izzy” Englander is the founder of Millennium Management, one of the world’s largest multi-strategy hedge fund platforms. Millennium allocates capital across hundreds of independent teams rather than a single house view, with rigorous risk controls at the platform level. Englander’s model has been highly influential in the rise of pod-shop multi-manager structures across the industry.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
BNY
Bank of New York Mellon
BNY
|
+$190M |
| 2 |
Lowe's Companies
LOW
|
+$183M |
| 3 |
Target
TGT
|
+$175M |
| 4 |
American Electric Power
AEP
|
+$174M |
| 5 |
NextEra Energy
NEE
|
+$152M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Procter & Gamble
PG
|
+$6.19B |
| 2 |
Coty
COTY
|
+$1.11B |
| 3 |
Apple
AAPL
|
+$294M |
| 4 |
Meta Platforms (Facebook)
META
|
+$229M |
| 5 |
Microsoft
MSFT
|
+$192M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 13.41% |
| 2 | Financials | 12.33% |
| 3 | Energy | 10.93% |
| 4 | Industrials | 10.41% |
| 5 | Technology | 9.87% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
576
Teradyne
TER
$57B
| $21.2M | 0.04% |
+833,907
| New | +$19.8M |
|
577
Veeva Systems
VEEV
$40.4B
| $21.1M | 0.04% |
518,968
+352,700
| +212% | +$14.4M |
|
|
KCG
578
DELISTED
KCG Holdings, Inc.
KCG
| $21.1M | 0.04% |
+1,591,047
| New | +$22.4M |
|
579
Antero Resources
AR
$11.7B
| $21M | 0.04% |
886,262
+176,549
| +25% | +$4.53M |
|
580
Semtech
SMTC
$11.3B
| $20.9M | 0.04% |
663,854
+8,167
| +1% | +$229K |
|
581
WEX
WEX
$6.93B
| $20.9M | 0.04% |
+187,611
| New | +$20.3M |
|
|
CSRA
582
DELISTED
CSRA Inc.
CSRA
| $20.9M | 0.04% |
657,410
+256,891
| +64% | +$7.51M |
|
583
Graphic Packaging
GPK
$3.39B
| $20.9M | 0.04% |
1,674,059
-301,955
| -15% | -$3.9M |
|
584
American Water Works
AWK
$27.8B
| $20.9M | 0.04% |
288,426
+278,265
| +2,739% | +$20.1M |
|
585
Tapestry
TPR
$26.4B
| $20.8M | 0.04% |
594,227
+524,754
| +755% | +$19.2M |
|
586
New Jersey Resources
NJR
$5.45B
| $20.8M | 0.04% |
584,630
-335,899
| -36% | -$11.4M |
|
587
Live Nation Entertainment
LYV
$43B
| $20.8M | 0.04% |
780,148
+231,272
| +42% | +$6.36M |
|
588
KBR
KBR
$4.75B
| $20.7M | 0.04% |
1,243,186
-978,490
| -44% | -$15.6M |
|
|
PEGI
589
DELISTED
Pattern Energy Group Inc. Class A
PEGI
| $20.7M | 0.04% |
1,091,179
-214,551
| -16% | -$4.41M |
|
|
SPR
590
DELISTED
Spirit AeroSystems
SPR
| $20.7M | 0.04% |
354,715
+290,335
| +451% | +$15.7M |
|
591
PayPal
PYPL
$52.8B
| $20.6M | 0.04% |
522,669
+8,711
| +2% | +$350K |
|
|
AAMI
592
Acadian Asset Management
AAMI
$3.26B
| $20.6M | 0.04% |
1,422,126
+863,450
| +155% | +$12.3M |
|
593
Mattel
MAT
$4.23B
| $20.5M | 0.04% |
743,086
-1,274,812
| -63% | -$38.8M |
|
594
Fortinet
FTNT
$112B
| $20.4M | 0.04% |
3,393,830
-919,510
| -21% | -$5.75M |
|
595
JPMorgan Chase
JPM
$947B
| $20.4M | 0.04% |
236,868
+57,513
| +32% | +$4.39M |
|
596
Boston Properties
BXP
$11.2B
| $20.4M | 0.04% |
162,219
+113,914
| +236% | +$14.2M |
|
597
L3Harris
LHX
$48.9B
| $20.4M | 0.04% |
199,032
-127,583
| -39% | -$12.6M |
|
598
Telephone and Data Systems
TDS
$3.81B
| $20.3M | 0.04% |
704,243
+271,004
| +63% | +$7.39M |
|
|
GIMO
599
DELISTED
Gigamon Inc.
GIMO
| $20.3M | 0.04% |
445,594
+153,032
| +52% | +$7.96M |
|
600
AES
AES
$10.5B
| $20.3M | 0.04% |
1,746,156
+1,492,336
| +588% | +$17.5M |
|
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Israel Englander's Q4 2016 Portfolio in Review
As of Q4 2016, Israel Englander held 4,092 positions worth $47.8B, down 20% from $59.6B the previous quarter. Its ten largest holdings account for 6.4% of the portfolio.
Israel Englander withdrew a net $13B in Q4 2016, closing 801 positions and reducing 1,159 holdings. Its most notable exit was Procter & Gamble, an estimated $6.19B position sold in full.
By sector, the portfolio is most concentrated in Healthcare at 13% of assets, up from 11% a quarter earlier, followed by Financials and Energy.
Against the trend, Israel Englander opened a new position in Target worth $175M.
- Israel Englander's largest Q4 2016 buy was Target: 2,422,329 shares worth $175M.
- Israel Englander added most to Bank of New York Mellon in Q4 2016, an estimated $190M increase.
- Israel Englander's biggest Q4 2016 reduction was Coty, cutting an estimated $1.11B.
- Israel Englander fully exited Procter & Gamble in Q4 2016, selling an estimated $6.19B.
- Israel Englander's ten largest holdings make up 6.4% of its $47.8B portfolio in Q4 2016.
- Israel Englander opened 858 new positions and closed 801 in Q4 2016.
- Israel Englander's portfolio value fell 20% quarter-over-quarter to $47.8B.
Based on Millennium Management's 13F filing for Q4 2016, filed 14 Feb 2017.