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 | |
|---|---|---|---|---|---|---|
|
NEWR
926
DELISTED
New Relic, Inc.
NEWR
| $10.1M | 0.02% |
357,608
+299,896
| +520% | +$9.89M |
|
927
Choice Hotels
CHH
$5B
| $10.1M | 0.02% |
179,707
+9,039
| +5% | +$453K |
|
928
Curtiss-Wright
CW
$22.7B
| $10.1M | 0.02% |
102,346
+95,422
| +1,378% | +$9.07M |
|
929
The GEO Group
GEO
$4.24B
| $10M | 0.02% |
+417,507
| New | +$8.13M |
|
930
Keysight
KEYS
$52.9B
| $10M | 0.02% |
273,477
+227,192
| +491% | +$7.83M |
|
931
Icon
ICLR
$13.4B
| $9.99M | 0.02% |
132,897
-1,052,334
| -89% | -$81.7M |
|
|
QVCGA
932
CALL
DELISTED
QVC Group Inc Series A
QVCGA
| $9.99M | 0.02% |
10,300
-1,442
| -12% | -$1.39M |
|
933
New Oriental
EDU
$8.97B
| $9.98M | 0.02% |
237,117
+207,728
| +707% | +$9.78M |
|
|
PR
934
Permian Resources
PR
$19.8B
| $9.97M | 0.02% |
505,638
-364,180
| -42% | -$6.02M |
|
|
VG
935
DELISTED
Vonage Holdings Corporation
VG
| $9.97M | 0.02% |
1,454,982
+494,560
| +51% | +$3.27M |
|
|
IVC
936
DELISTED
Invacare Corporation
IVC
| $9.94M | 0.02% |
761,568
-681,053
| -47% | -$7.84M |
|
937
PBF Energy
PBF
$8.24B
| $9.87M | 0.02% |
354,178
+151,773
| +75% | +$3.7M |
|
|
AUO
938
DELISTED
AU Optronics Corp
AUO
| $9.84M | 0.02% |
2,778,521
-154,301
| -5% | -$570K |
|
939
Ralph Lauren
RL
$22.1B
| $9.82M | 0.02% |
108,783
-251,601
| -70% | -$25.6M |
|
940
Under Armour Class C
UA
$2.25B
| $9.8M | 0.02% |
389,313
+306,553
| +370% | +$8.48M |
|
941
Celestica
CLS
$37.1B
| $9.8M | 0.02% |
826,796
-76,020
| -8% | -$891K |
|
942
Southern Copper
SCCO
$181B
| $9.79M | 0.02% |
334,788
-495,918
| -60% | -$13.8M |
|
943
Caterpillar
CAT
$373B
| $9.79M | 0.02% |
105,586
+98,813
| +1,459% | +$8.96M |
|
944
ICF International
ICFI
$1.59B
| $9.75M | 0.02% |
176,630
+104,294
| +144% | +$5.3M |
|
945
Enbridge
ENB
$109B
| $9.75M | 0.02% |
231,413
-234,914
| -50% | -$10M |
|
|
MIC
946
DELISTED
Macquarie Infrastructure Holdings, LLC
MIC
| $9.72M | 0.02% |
118,970
-233,571
| -66% | -$19.1M |
|
|
BRS
947
DELISTED
Bristow Group, Inc.
BRS
| $9.72M | 0.02% |
474,495
-807,503
| -63% | -$12.2M |
|
|
MTOR
948
DELISTED
MERITOR, Inc.
MTOR
| $9.67M | 0.02% |
778,253
+356,168
| +84% | +$4.19M |
|
949
Maximus
MMS
$3.05B
| $9.64M | 0.02% |
172,836
+122,039
| +240% | +$6.63M |
|
950
Huazhu Hotels Group
HTHT
$15B
| $9.62M | 0.02% |
741,936
+574,236
| +342% | +$6.77M |
|
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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.