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 | |
|---|---|---|---|---|---|---|
701
LendingTree
TREE
$435M
| $15.2M | 0.03% |
150,446
+104,442
| +227% | +$9.96M |
|
|
VIAB
702
DELISTED
Viacom Inc. Class B
VIAB
| $15.2M | 0.03% |
432,807
-164,796
| -28% | -$6.05M |
|
703
Sabesp
SBS
$16.3B
| $15.2M | 0.03% |
9,000,865
-1,138,565
| -11% | -$2M |
|
704
Realty Income
O
$59.8B
| $15.1M | 0.03% |
271,867
+208,029
| +326% | +$11.7M |
|
705
CALL
State Street Financial Select Sector SPDR ETF
XLF
$56.8B
| $15.1M | 0.03% |
650,000
-367,800
| -36% | -$7.89M |
|
706
Vanguard Short-Term Bond ETF
BSV
$45.6B
| $15.1M | 0.03% |
189,777
+15,195
| +9% | +$1.22M |
|
707
CALL
Valero Energy
VLO
$99.6B
| $15M | 0.03% |
+219,900
| New | +$13.5M |
|
|
KS
708
DELISTED
KapStone Paper and Pack Corp.
KS
| $15M | 0.03% |
681,353
-2,097,214
| -75% | -$42.6M |
|
709
RH
RH
$2.71B
| $15M | 0.03% |
488,091
-441,436
| -47% | -$14.3M |
|
710
TherapeuticsMD
TXMD
$24M
| $15M | 0.03% |
51,922
+34,615
| +200% | +$10.7M |
|
711
State Street Technology Select Sector SPDR ETF
XLK
$117B
| $15M | 0.03% |
618,932
-12,188
| -2% | -$291K |
|
712
MGM Resorts International
MGM
$11B
| $14.9M | 0.03% |
518,079
-1,313,841
| -72% | -$36.4M |
|
713
PNC Financial Services
PNC
$97.2B
| $14.9M | 0.03% |
127,683
-1,261,013
| -91% | -$131M |
|
|
SBNY
714
DELISTED
Signature Bank
SBNY
| $14.9M | 0.03% |
99,307
-27,586
| -22% | -$3.76M |
|
|
AGEN
715
Agenus
AGEN
$345M
| $14.9M | 0.03% |
184,176
+31,751
| +21% | +$3.12M |
|
716
Cognizant
CTSH
$28B
| $14.9M | 0.03% |
265,618
-215,601
| -45% | -$11.5M |
|
717
Ingevity
NGVT
$2.37B
| $14.9M | 0.03% |
271,296
-215,653
| -44% | -$10.3M |
|
|
ISBC
718
DELISTED
Investors Bancorp, Inc.
ISBC
| $14.9M | 0.03% |
1,066,891
+853,227
| +399% | +$11.1M |
|
719
Norwegian Cruise Line
NCLH
$7.91B
| $14.9M | 0.03% |
349,480
-93,160
| -21% | -$3.73M |
|
|
PVG
720
DELISTED
PRETIUM RESOURCES INC.
PVG
| $14.8M | 0.03% |
+1,800,779
| New | +$15.9M |
|
|
LHCG
721
DELISTED
LHC Group LLC
LHCG
| $14.8M | 0.03% |
324,426
+181,551
| +127% | +$7.38M |
|
722
Coherus Oncology
CHRS
$210M
| $14.8M | 0.03% |
526,600
-480,217
| -48% | -$13.4M |
|
723
Alibaba
BABA
$284B
| $14.7M | 0.03% |
167,915
-594,117
| -78% | -$57.2M |
|
724
ArcelorMittal
MT
$54.8B
| $14.7M | 0.03% |
673,075
+90,867
| +16% | +$1.93M |
|
725
Valley National Bancorp
VLY
$7.79B
| $14.6M | 0.03% |
1,255,422
+776,590
| +162% | +$8.3M |
|
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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.