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 | |
|---|---|---|---|---|---|---|
851
ABM Industries
ABM
$2.75B
| $11.4M | 0.02% |
278,252
+200,370
| +257% | +$8.15M |
|
|
SGYP
852
DELISTED
Synergy Pharmaceuticals, Inc Common Stock
SGYP
| $11.3M | 0.02% |
1,861,949
+1,828,771
| +5,512% | +$9.56M |
|
853
Cemex
CX
$15.9B
| $11.3M | 0.02% |
1,464,829
-1,492,672
| -50% | -$11.9M |
|
854
Edwards Lifesciences
EW
$52.2B
| $11.3M | 0.02% |
361,500
-2,308,557
| -86% | -$74.8M |
|
855
Radian Group
RDN
$4.86B
| $11.3M | 0.02% |
626,450
-1,398,614
| -69% | -$21M |
|
856
APA Corp
APA
$15.1B
| $11.2M | 0.02% |
+177,117
| New | +$11.2M |
|
857
Virtu Financial
VIRT
$5.85B
| $11.2M | 0.02% |
703,606
-143,864
| -17% | -$2.05M |
|
858
Capital One
COF
$133B
| $11.2M | 0.02% |
128,591
+125,442
| +3,984% | +$10.1M |
|
859
CVR Energy
CVI
$3.82B
| $11.2M | 0.02% |
441,007
-737,652
| -63% | -$12.8M |
|
|
SCS
860
DELISTED
Steelcase
SCS
| $11.2M | 0.02% |
625,156
+82,295
| +15% | +$1.24M |
|
861
Cable One
CABO
$130M
| $11.2M | 0.02% |
17,973
+8,242
| +85% | +$4.89M |
|
|
INN
862
Summit Hotel Properties
INN
$662M
| $11.2M | 0.02% |
696,930
+307,660
| +79% | +$4.31M |
|
|
CNR
863
DELISTED
Cornerstone Building Brands, Inc.
CNR
| $11.2M | 0.02% |
713,500
+177,138
| +33% | +$2.77M |
|
864
Franco-Nevada
FNV
$52.1B
| $11.1M | 0.02% |
186,503
+149,699
| +407% | +$9.14M |
|
865
Mativ Holdings
MATV
$676M
| $11.1M | 0.02% |
243,453
+106,073
| +77% | +$4.31M |
|
|
LADR
866
Ladder Capital
LADR
$1.27B
| $11.1M | 0.02% |
807,631
+791,018
| +4,761% | +$10.6M |
|
867
PUT
Bank of America
BAC
$436B
| $11.1M | 0.02% |
+500,000
| New | +$9.63M |
|
|
ODP
868
DELISTED
ODP
ODP
| $11M | 0.02% |
244,403
+61,208
| +33% | +$2.53M |
|
869
Advanced Micro Devices
AMD
$746B
| $11M | 0.02% |
967,806
-787,273
| -45% | -$6.6M |
|
870
Coca-Cola Europacific Partners
CCEP
$48.6B
| $11M | 0.02% |
348,748
-1,861,060
| -84% | -$65.6M |
|
|
XHR
871
Xenia Hotels & Resorts
XHR
$1.81B
| $10.9M | 0.02% |
561,581
+417,870
| +291% | +$7.13M |
|
|
CQH
872
DELISTED
Cheniere Energy Partners LP Holdings LLC
CQH
| $10.9M | 0.02% |
485,134
-82,255
| -14% | -$1.75M |
|
873
Corpay
CPAY
$27.2B
| $10.8M | 0.02% |
76,611
-133,664
| -64% | -$20.9M |
|
874
Cleveland-Cliffs
CLF
$6.45B
| $10.8M | 0.02% |
+1,288,671
| New | +$9.7M |
|
875
Itron
ITRI
$4.32B
| $10.8M | 0.02% |
172,380
-193,732
| -53% | -$11.7M |
|
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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.