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 | |
|---|---|---|---|---|---|---|
976
Dollar General
DG
$27.6B
| $9.15M | 0.02% |
123,520
-228,652
| -65% | -$16.7M |
|
|
CBF
977
DELISTED
Capital Bank Financial Corp. Class A Common Stock
CBF
| $9.15M | 0.02% |
233,033
+54,735
| +31% | +$1.92M |
|
978
Lumentum
LITE
$74.5B
| $9.13M | 0.02% |
236,361
+173,523
| +276% | +$6.91M |
|
979
Crown Castle
CCI
$32.5B
| $9.13M | 0.02% |
105,271
-1,739,129
| -94% | -$152M |
|
|
ADMS
980
DELISTED
Adamas Pharmaceuticals
ADMS
| $9.12M | 0.02% |
539,849
-177,526
| -25% | -$2.75M |
|
981
Outfront Media
OUT
$5.36B
| $9.12M | 0.02% |
372,568
+97,925
| +36% | +$2.25M |
|
982
ArcBest
ARCB
$3.01B
| $9.1M | 0.02% |
328,980
+230,609
| +234% | +$5.93M |
|
983
Gen Digital
GEN
$17.4B
| $9.09M | 0.02% |
380,314
-102,749
| -21% | -$2.52M |
|
984
Avery Dennison
AVY
$13.9B
| $9.01M | 0.02% |
128,304
-98,981
| -44% | -$7.19M |
|
985
Seacoast Banking Corp of Florida
SBCF
$3.32B
| $9.01M | 0.02% |
408,397
-166,678
| -29% | -$3.17M |
|
|
VAR
986
CALL
DELISTED
Varian Medical Systems, Inc.
VAR
| $8.98M | 0.02% |
+114,038
| New | +$9.23M |
|
987
First Merchants
FRME
$2.63B
| $8.98M | 0.02% |
238,412
+13,120
| +6% | +$417K |
|
988
IQVIA
IQV
$42.8B
| $8.97M | 0.02% |
+117,915
| New | +$9.04M |
|
989
CoStar Group
CSGP
$13.3B
| $8.93M | 0.02% |
473,890
+400,210
| +543% | +$7.86M |
|
|
ARGO
990
DELISTED
Argo Group International Holdings, Ltd.
ARGO
| $8.91M | 0.02% |
155,572
-376,026
| -71% | -$20.1M |
|
991
News Corp Class A
NWSA
$16.6B
| $8.88M | 0.02% |
775,286
+704,922
| +1,002% | +$8.72M |
|
992
AXIS Capital
AXS
$7.25B
| $8.88M | 0.02% |
135,991
-85,184
| -39% | -$5.13M |
|
|
HI
993
DELISTED
Hillenbrand
HI
| $8.86M | 0.02% |
230,978
+1,793
| +0.8% | +$60.6K |
|
994
Polaris
PII
$3.66B
| $8.83M | 0.02% |
107,171
+65,271
| +156% | +$5.32M |
|
|
VAL
995
DELISTED
Valspar
VAL
| $8.82M | 0.02% |
85,167
+43,074
| +102% | +$4.44M |
|
996
Weibo
WB
$1.72B
| $8.82M | 0.02% |
217,205
+115,267
| +113% | +$5.5M |
|
|
AXON
997
Axon Enterprise
AXON
$48.5B
| $8.81M | 0.02% |
+363,582
| New | +$8.97M |
|
|
USCR
998
DELISTED
U S Concrete, Inc.
USCR
| $8.81M | 0.02% |
134,521
-160,868
| -54% | -$8.96M |
|
999
Harley-Davidson
HOG
$2.94B
| $8.8M | 0.02% |
150,930
+135,175
| +858% | +$7.71M |
|
1000
Crocs
CROX
$6.03B
| $8.8M | 0.02% |
1,282,880
+747,500
| +140% | +$5.8M |
|
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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.