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 | |
|---|---|---|---|---|---|---|
651
W.P. Carey
WPC
$16.3B
| $17.3M | 0.04% |
298,208
+113,897
| +62% | +$6.66M |
|
|
OA
652
DELISTED
Orbital ATK, Inc.
OA
| $17.3M | 0.04% |
196,680
-1,069,953
| -84% | -$87.1M |
|
653
Revvity
RVTY
$13.7B
| $17.2M | 0.04% |
329,820
-48,115
| -13% | -$2.51M |
|
|
TGNA
654
DELISTED
TEGNA Inc
TGNA
| $17.1M | 0.04% |
1,252,564
+958,748
| +326% | +$13M |
|
655
Euronet Worldwide
EEFT
$2.63B
| $17.1M | 0.04% |
235,430
+135,408
| +135% | +$10.5M |
|
656
Equity Lifestyle Properties
ELS
$12.8B
| $17M | 0.04% |
471,170
+231,586
| +97% | +$8.27M |
|
|
SEE
657
DELISTED
Sealed Air
SEE
| $16.9M | 0.04% |
372,576
-11,579
| -3% | -$532K |
|
658
Dominion Energy
D
$58.6B
| $16.8M | 0.04% |
+219,172
| New | +$16.2M |
|
659
First Financial Bancorp
FFBC
$3.46B
| $16.8M | 0.04% |
589,824
+1,180
| +0.2% | +$29.1K |
|
660
PTC Therapeutics
PTCT
$5.93B
| $16.8M | 0.04% |
1,535,567
+1,291,030
| +528% | +$13.5M |
|
661
PUT
SLB Ltd
SLB
$80.1B
| $16.7M | 0.04% |
199,100
| – | – |
|
662
Caleres
CAL
$459M
| $16.7M | 0.04% |
508,617
+486,977
| +2,250% | +$14.3M |
|
663
PUT
NXP Semiconductors
NXPI
$56.1B
| $16.6M | 0.03% |
+169,600
| New | +$16.9M |
|
664
Arthur J. Gallagher & Co
AJG
$69.7B
| $16.6M | 0.03% |
319,659
+13,890
| +5% | +$699K |
|
665
CALL
Becton Dickinson
BDX
$52B
| $16.6M | 0.03% |
+102,500
| New | +$17M |
|
666
Cadence Design Systems
CDNS
$87B
| $16.5M | 0.03% |
656,117
+493,544
| +304% | +$12.7M |
|
667
VF Corp
VFC
$5.63B
| $16.5M | 0.03% |
+328,270
| New | +$17M |
|
668
Travere Therapeutics
TVTX
$6.15B
| $16.4M | 0.03% |
865,161
-330,817
| -28% | -$6.77M |
|
669
Pan American Silver
PAAS
$22.2B
| $16.4M | 0.03% |
1,086,246
+1,025,218
| +1,680% | +$16.5M |
|
670
Lamb Weston
LW
$7.53B
| $16.3M | 0.03% |
+431,792
| New | +$14.7M |
|
|
CVG
671
DELISTED
Convergys
CVG
| $16.3M | 0.03% |
665,169
+549,872
| +477% | +$14.8M |
|
672
Primerica
PRI
$9.23B
| $16.3M | 0.03% |
236,110
+130,443
| +123% | +$8.29M |
|
673
SEI Investments
SEIC
$13.3B
| $16.3M | 0.03% |
330,674
-171,690
| -34% | -$8.02M |
|
674
Cheesecake Factory
CAKE
$5.7B
| $16.3M | 0.03% |
272,430
+8,659
| +3% | +$489K |
|
675
Brookdale Senior Living
BKD
$2.89B
| $16.3M | 0.03% |
1,312,202
-460,851
| -26% | -$6.19M |
|
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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.