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 | |
|---|---|---|---|---|---|---|
76
NXP Semiconductors
NXPI
$56.9B
| $109M | 0.23% |
1,110,237
+745,212
| +204% | +$74.1M |
|
|
STJ
77
DELISTED
St Jude Medical
STJ
| $109M | 0.23% |
1,353,910
-167,102
| -11% | -$13.3M |
|
78
Cummins
CMI
$80.9B
| $107M | 0.23% |
786,289
+757,553
| +2,636% | +$101M |
|
79
CSX Corp
CSX
$95.6B
| $107M | 0.22% |
8,930,418
-1,489,368
| -14% | -$16.7M |
|
80
Voya Financial
VOYA
$8.86B
| $106M | 0.22% |
2,707,357
+1,716,015
| +173% | +$60.5M |
|
|
UMPQ
81
DELISTED
Umpqua Holdings Corp
UMPQ
| $105M | 0.22% |
5,593,145
+550,709
| +11% | +$9.38M |
|
82
ConocoPhillips
COP
$162B
| $104M | 0.22% |
2,065,128
+835,907
| +68% | +$38.5M |
|
83
Regions Financial
RF
$25.9B
| $103M | 0.22% |
7,205,534
+7,189,635
| +45,221% | +$88.8M |
|
|
DCT
84
DELISTED
DCT Industrial Trust Inc.
DCT
| $103M | 0.22% |
2,148,431
+358,327
| +20% | +$16.5M |
|
85
FNB Corp
FNB
$6.6B
| $102M | 0.21% |
6,377,183
-877,233
| -12% | -$12.5M |
|
|
CPE
86
DELISTED
Callon Petroleum Company
CPE
| $102M | 0.21% |
663,975
+513,108
| +340% | +$78.4M |
|
87
Gilead Sciences
GILD
$181B
| $101M | 0.21% |
1,415,690
+521,323
| +58% | +$38.7M |
|
88
Range Resources
RRC
$9.59B
| $100M | 0.21% |
2,910,272
+581,245
| +25% | +$20.8M |
|
|
RTN
89
DELISTED
Raytheon Company
RTN
| $99.4M | 0.21% |
700,012
-262,351
| -27% | -$37.3M |
|
90
Alkermes
ALKS
$8.11B
| $99.3M | 0.21% |
1,786,450
+1,722,511
| +2,694% | +$92.1M |
|
91
West Pharmaceutical
WST
$24.8B
| $99M | 0.21% |
1,166,740
+1,061,438
| +1,008% | +$83.5M |
|
92
Post Holdings
POST
$3.65B
| $99M | 0.21% |
1,880,957
-120,338
| -6% | -$6.08M |
|
93
Alphabet (Google) Class C
GOOG
$4.18T
| $98.9M | 0.21% |
2,562,100
-852,600
| -25% | -$33.2M |
|
|
ESRX
94
DELISTED
Express Scripts Holding Company
ESRX
| $98.9M | 0.21% |
1,437,198
+1,018,480
| +243% | +$73M |
|
95
Fidelity National Information Services
FIS
$21.3B
| $96.4M | 0.2% |
1,274,456
-1,861,660
| -59% | -$142M |
|
|
VISN
96
Vistance Networks Inc
VISN
$2.59B
| $96.2M | 0.2% |
2,586,919
+1,440,196
| +126% | +$49.1M |
|
|
MBLY
97
DELISTED
Mobileye N.V.
MBLY
| $94.9M | 0.2% |
2,490,502
-486,583
| -16% | -$18.3M |
|
98
Progressive
PGR
$127B
| $94.7M | 0.2% |
2,668,626
+2,482,674
| +1,335% | +$82.1M |
|
99
Freeport-McMoran
FCX
$110B
| $94.7M | 0.2% |
+7,179,662
| New | +$91.9M |
|
100
Incyte
INCY
$25.9B
| $94.7M | 0.2% |
944,258
+596,087
| +171% | +$58.2M |
|
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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.