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 | |
|---|---|---|---|---|---|---|
51
Western Alliance Bancorporation
WAL
$8.69B
| $130M | 0.27% |
2,670,165
+795,378
| +42% | +$34.2M |
|
|
PF
52
DELISTED
Pinnacle Foods, Inc.
PF
| $126M | 0.26% |
2,360,271
-866,148
| -27% | -$43.9M |
|
53
Halliburton
HAL
$29.4B
| $124M | 0.26% |
2,298,934
-1,208,475
| -34% | -$60.3M |
|
54
AutoZone
AZO
$48.3B
| $124M | 0.26% |
156,684
+54,318
| +53% | +$41.8M |
|
55
Elevance Health
ELV
$86.9B
| $123M | 0.26% |
856,292
+558,308
| +187% | +$74.8M |
|
|
CELG
56
DELISTED
Celgene Corp
CELG
| $121M | 0.25% |
1,047,935
+266,366
| +34% | +$29.7M |
|
57
S&P Global
SPGI
$127B
| $121M | 0.25% |
1,125,990
+1,022,027
| +983% | +$122M |
|
58
Lockheed Martin
LMT
$130B
| $120M | 0.25% |
479,616
+397,146
| +482% | +$99.2M |
|
59
CoreCivic
CXW
$3.36B
| $120M | 0.25% |
4,886,849
+2,126,869
| +77% | +$40.6M |
|
60
Kinder Morgan
KMI
$69B
| $119M | 0.25% |
5,763,623
-390,797
| -6% | -$8.26M |
|
61
Northrop Grumman
NOC
$78.3B
| $119M | 0.25% |
513,072
+351,132
| +217% | +$81.6M |
|
62
American Tower
AMT
$81.9B
| $119M | 0.25% |
1,123,060
+747,046
| +199% | +$81.2M |
|
63
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$809B
| $117M | 0.25% |
525,000
-9,395,000
| -95% | -$2.05B |
|
64
Wells Fargo
WFC
$254B
| $117M | 0.25% |
2,128,043
-1,674,647
| -44% | -$84.2M |
|
|
ZAYO
65
DELISTED
Zayo Group Holdings, Inc.
ZAYO
| $116M | 0.24% |
3,532,922
-3,647,380
| -51% | -$119M |
|
|
DISH
66
DELISTED
DISH Network Corp.
DISH
| $116M | 0.24% |
1,998,791
-170,528
| -8% | -$9.74M |
|
|
WBA
67
DELISTED
Walgreens Boots Alliance
WBA
| $114M | 0.24% |
1,377,015
+1,339,672
| +3,587% | +$111M |
|
68
Bankunited
BKU
$3.3B
| $114M | 0.24% |
3,023,187
+390,097
| +15% | +$13M |
|
69
Zimmer Biomet
ZBH
$19.3B
| $113M | 0.24% |
1,131,071
+49,952
| +5% | +$5.35M |
|
70
Adobe
ADBE
$109B
| $112M | 0.23% |
1,083,750
-19,121
| -2% | -$2.02M |
|
71
Huntsman Corp
HUN
$1.75B
| $111M | 0.23% |
5,831,159
+2,142,900
| +58% | +$38.9M |
|
72
Public Service Enterprise Group
PEG
$36.2B
| $110M | 0.23% |
+2,499,731
| New | +$104M |
|
73
Abbott
ABT
$202B
| $109M | 0.23% |
2,839,645
+1,114,400
| +65% | +$44.2M |
|
74
T-Mobile US
TMUS
$196B
| $109M | 0.23% |
1,895,124
+4,480
| +0.2% | +$234K |
|
75
State Street Consumer Discretionary Select Sector SPDR ETF
XLY
$23.4B
| $109M | 0.23% |
2,676,604
+1,601,194
| +149% | +$64.7M |
|
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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.