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 | |
|---|---|---|---|---|---|---|
|
TIME
1076
DELISTED
Time Inc.
TIME
| $7.57M | 0.02% |
424,118
+384,964
| +983% | +$5.71M |
|
1077
Terreno Realty
TRNO
$7.51B
| $7.52M | 0.02% |
263,854
-103,100
| -28% | -$2.76M |
|
1078
Cenovus Energy
CVE
$59.3B
| $7.52M | 0.02% |
496,762
-662,418
| -57% | -$9.97M |
|
|
ATH
1079
DELISTED
Athene Holding Ltd. Class A Common Shares
ATH
| $7.51M | 0.02% |
+156,474
| New | +$7.24M |
|
1080
PUT
Ball Corp
BALL
$17.1B
| $7.51M | 0.02% |
+200,000
| New | +$7.73M |
|
1081
NVR
NVR
$17B
| $7.5M | 0.02% |
4,494
+240
| +6% | +$383K |
|
1082
Hasbro
HAS
$13.5B
| $7.5M | 0.02% |
96,354
-102,597
| -52% | -$8.47M |
|
1083
AngioDynamics
ANGO
$652M
| $7.49M | 0.02% |
444,196
+153,460
| +53% | +$2.56M |
|
1084
The Mosaic Company
MOS
$7.63B
| $7.47M | 0.02% |
254,622
+193,422
| +316% | +$5.19M |
|
1085
CALL
DexCom
DXCM
$34.4B
| $7.46M | 0.02% |
+500,000
| New | +$8.86M |
|
1086
Goldman Sachs
GS
$302B
| $7.46M | 0.02% |
31,167
-298,226
| -91% | -$60.6M |
|
|
DERM
1087
DELISTED
Dermira, Inc.
DERM
| $7.46M | 0.02% |
246,064
+184,457
| +299% | +$5.94M |
|
|
TWTR
1088
DELISTED
Twitter, Inc.
TWTR
| $7.43M | 0.02% |
455,992
-336,840
| -42% | -$6.18M |
|
|
WRK
1089
DELISTED
WestRock Company
WRK
| $7.42M | 0.02% |
146,221
-1,188,141
| -89% | -$58.4M |
|
|
EMES
1090
DELISTED
Emerge Energy Services LP
EMES
| $7.41M | 0.02% |
602,315
+73,416
| +14% | +$900K |
|
1091
Kosmos Energy
KOS
$1.7B
| $7.38M | 0.02% |
1,053,435
+55,263
| +6% | +$315K |
|
1092
Cathay General Bancorp
CATY
$4.16B
| $7.38M | 0.02% |
194,172
+184,179
| +1,843% | +$6.23M |
|
1093
PUT
Eli Lilly
LLY
$1.11T
| $7.36M | 0.02% |
100,000
+51,500
| +106% | +$3.84M |
|
1094
State Street SPDR Bloomberg High Yield Bond ETF
JNK
$6.67B
| $7.35M | 0.02% |
67,237
-109,384
| -62% | -$11.9M |
|
|
ITCI
1095
DELISTED
Intra-Cellular Therapies Inc.
ITCI
| $7.34M | 0.02% |
486,493
+105,290
| +28% | +$1.49M |
|
1096
Coherent
COHR
$53.9B
| $7.33M | 0.02% |
247,370
-65,745
| -21% | -$1.87M |
|
|
AEL
1097
DELISTED
American Equity Investment Life Holding Company
AEL
| $7.32M | 0.02% |
324,749
+151,910
| +88% | +$3.04M |
|
|
GCI
1098
DELISTED
Gannett Co., Inc
GCI
| $7.29M | 0.02% |
751,324
+108,574
| +17% | +$1.06M |
|
|
TRCO
1099
DELISTED
TRIBUNE MEDIA COMPANY CLASS A
TRCO
| $7.29M | 0.02% |
208,334
-145,837
| -41% | -$4.98M |
|
1100
Supernus Pharmaceuticals
SUPN
$2.62B
| $7.26M | 0.02% |
287,431
-25,927
| -8% | -$579K |
|
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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.