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 | |
|---|---|---|---|---|---|---|
|
TIF
726
DELISTED
Tiffany & Co.
TIF
| $14.6M | 0.03% |
188,263
-141,332
| -43% | -$10.9M |
|
|
NBIS
727
Nebius Group N.V.
NBIS
$57.3B
| $14.5M | 0.03% |
718,855
-320,852
| -31% | -$6.31M |
|
728
Molina Healthcare
MOH
$10.4B
| $14.5M | 0.03% |
266,547
-667,835
| -71% | -$36.5M |
|
|
LTRPA
729
DELISTED
Liberty TripAdvisor Holdings, Inc. Series A
LTRPA
| $14.4M | 0.03% |
956,797
-7,172
| -0.7% | -$132K |
|
730
TripAdvisor
TRIP
$1.19B
| $14.4M | 0.03% |
309,871
+187,305
| +153% | +$10.3M |
|
|
STAY
731
DELISTED
Extended Stay America, Inc. Paired Share Unit
STAY
| $14.3M | 0.03% |
888,543
+686,223
| +339% | +$10.3M |
|
732
Petrobras
PBR
$120B
| $14.3M | 0.03% |
1,419,054
+1,352,156
| +2,021% | +$14.4M |
|
733
DNOW Inc
DNOW
$2.8B
| $14.3M | 0.03% |
+697,851
| New | +$14.8M |
|
734
Sociedad Química y Minera de Chile
SQM
$23.5B
| $14.2M | 0.03% |
495,835
+479,672
| +2,968% | +$13.6M |
|
|
VLRS
735
Controladora Vuela Compania de Aviacion
VLRS
$798M
| $14.2M | 0.03% |
942,493
+776,878
| +469% | +$12.9M |
|
|
TMH
736
DELISTED
Team Health Holdings Inc
TMH
| $14.1M | 0.03% |
325,650
-34,199
| -10% | -$1.41M |
|
|
LGF.B
737
DELISTED
Lions Gate Entertainment Corp. Class B Non-Voting Shares
LGF.B
| $14.1M | 0.03% |
+576,075
| New | +$14.7M |
|
738
Mercado Libre
MELI
$98.8B
| $14.1M | 0.03% |
90,396
+27,562
| +44% | +$4.55M |
|
739
Etsy
ETSY
$7.99B
| $14.1M | 0.03% |
1,196,972
+653,328
| +120% | +$8.45M |
|
|
SAGE
740
DELISTED
Sage Therapeutics
SAGE
| $14.1M | 0.03% |
276,127
-446,265
| -62% | -$21M |
|
741
Tronox
TROX
$861M
| $14.1M | 0.03% |
1,365,497
+215,294
| +19% | +$2.15M |
|
|
SPLK
742
DELISTED
Splunk Inc
SPLK
| $14.1M | 0.03% |
274,936
-361,842
| -57% | -$20.8M |
|
743
Astec Industries
ASTE
$1B
| $14.1M | 0.03% |
208,344
-14,539
| -7% | -$909K |
|
744
Macerich
MAC
$6.91B
| $14M | 0.03% |
198,245
+99,933
| +102% | +$7.14M |
|
|
XENT
745
DELISTED
Intersect ENT, Inc
XENT
| $14M | 0.03% |
1,159,532
+387,667
| +50% | +$5.02M |
|
|
CUDA
746
DELISTED
Barracuda Networks, Inc.
CUDA
| $14M | 0.03% |
652,776
+529,462
| +429% | +$12.4M |
|
747
VEON
VEON
$4.21B
| $14M | 0.03% |
145,321
+112,977
| +349% | +$9.77M |
|
748
O'Reilly Automotive
ORLY
$73.4B
| $14M | 0.03% |
752,250
-236,715
| -24% | -$4.32M |
|
749
M/I Homes
MHO
$3.84B
| $13.9M | 0.03% |
552,322
+133,599
| +32% | +$3.15M |
|
750
Boeing
BA
$166B
| $13.9M | 0.03% |
89,199
-47,644
| -35% | -$6.96M |
|
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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.