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 | |
|---|---|---|---|---|---|---|
|
VVC
1101
DELISTED
Vectren Corporation
VVC
| $7.26M | 0.02% |
139,178
-26,307
| -16% | -$1.3M |
|
1102
Martin Marietta Materials
MLM
$37.9B
| $7.22M | 0.02% |
32,616
-157,216
| -83% | -$32.3M |
|
1103
CALL
Molson Coors Class B
TAP
$8.02B
| $7.22M | 0.02% |
+74,200
| New | +$7.57M |
|
1104
Valero Energy
VLO
$99.6B
| $7.21M | 0.02% |
105,577
-321,250
| -75% | -$19.8M |
|
1105
Coca-Cola
KO
$396B
| $7.19M | 0.02% |
+173,397
| New | +$7.22M |
|
1106
Fair Isaac
FICO
$25.2B
| $7.18M | 0.02% |
60,214
+23,915
| +66% | +$2.84M |
|
|
WAAS
1107
DELISTED
AquaVenture Holdings Limited
WAAS
| $7.17M | 0.02% |
+292,329
| New | +$6.68M |
|
1108
Cincinnati Financial
CINF
$26.3B
| $7.16M | 0.02% |
94,531
+43,416
| +85% | +$3.23M |
|
|
RDUS
1109
DELISTED
Radius Recycling
RDUS
| $7.14M | 0.01% |
277,682
+256,151
| +1,190% | +$6.59M |
|
1110
EPAM Systems
EPAM
$5.74B
| $7.13M | 0.01% |
+110,948
| New | +$7.12M |
|
|
TBI
1111
Trueblue
TBI
$325M
| $7.11M | 0.01% |
288,516
+90,165
| +45% | +$1.9M |
|
|
MYOK
1112
DELISTED
MyoKardia, Inc. Common Stock
MYOK
| $7.08M | 0.01% |
546,394
+464,838
| +570% | +$7.16M |
|
|
ESV
1113
CALL
DELISTED
Ensco Rowan plc
ESV
| $7.07M | 0.01% |
181,825
| – | – |
|
1114
Empire State Realty Trust
ESRT
$819M
| $7.02M | 0.01% |
+347,479
| New | +$6.89M |
|
|
CARB
1115
DELISTED
Carbonite Inc
CARB
| $7M | 0.01% |
426,934
+170,263
| +66% | +$2.9M |
|
1116
Medpace
MEDP
$17.3B
| $7M | 0.01% |
194,091
+94,321
| +95% | +$3.14M |
|
1117
State Street Consumer Staples Select Sector SPDR ETF
XLP
$15.2B
| $6.97M | 0.01% |
134,870
-16,994
| -11% | -$880K |
|
1118
Warner Bros
WBD
$72B
| $6.97M | 0.01% |
254,130
-17,729
| -7% | -$481K |
|
1119
Azenta
AZTA
$1.44B
| $6.96M | 0.01% |
407,644
+372,426
| +1,057% | +$5.6M |
|
1120
Sixth Street Specialty
TSLX
$1.8B
| $6.96M | 0.01% |
372,302
+153,134
| +70% | +$2.79M |
|
|
MRT
1121
DELISTED
MedEquities Realty Trust, Inc.
MRT
| $6.95M | 0.01% |
626,053
-344,475
| -35% | -$3.85M |
|
1122
Precigen
PGEN
$2.57B
| $6.92M | 0.01% |
+287,363
| New | +$8M |
|
1123
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$32.9B
| $6.91M | 0.01% |
58,992
+29,814
| +102% | +$3.54M |
|
1124
iShares Silver Trust
SLV
$33.5B
| $6.91M | 0.01% |
457,008
+146,508
| +47% | +$2.38M |
|
1125
Smart Sand
SND
$198M
| $6.9M | 0.01% |
+416,991
| New | +$5.54M |
|
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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.