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 | |
|---|---|---|---|---|---|---|
|
ENLC
1151
DELISTED
ENLINK MIDSTREAM, LLC
ENLC
| $6.54M | 0.01% |
343,374
-230,641
| -40% | -$3.95M |
|
|
AMTD
1152
PUT
DELISTED
TD Ameritrade Holding Corp
AMTD
| $6.54M | 0.01% |
+150,000
| New | +$5.82M |
|
|
NVRO
1153
CALL
DELISTED
NEVRO CORP.
NVRO
| $6.54M | 0.01% |
90,000
+50,000
| +125% | +$4.28M |
|
|
HMHC
1154
DELISTED
Houghton Mifflin Harcourt Company
HMHC
| $6.53M | 0.01% |
601,892
+572,856
| +1,973% | +$6.71M |
|
1155
Unisys
UIS
$192M
| $6.53M | 0.01% |
436,696
-56,985
| -12% | -$724K |
|
1156
NMI Holdings
NMIH
$3.42B
| $6.51M | 0.01% |
611,705
+94,325
| +18% | +$834K |
|
|
CAMP
1157
DELISTED
CalAmp Corp.
CAMP
| $6.51M | 0.01% |
19,518
+12,872
| +194% | +$4.24M |
|
|
NVTA
1158
DELISTED
Invitae Corporation
NVTA
| $6.5M | 0.01% |
819,202
+602,014
| +277% | +$4.5M |
|
|
CBPO
1159
DELISTED
China Biologic Products Holdings, Inc.
CBPO
| $6.5M | 0.01% |
60,485
+168
| +0.3% | +$19.6K |
|
|
DO
1160
DELISTED
Diamond Offshore Drilling
DO
| $6.49M | 0.01% |
+366,620
| New | +$6.46M |
|
1161
Align Technology
ALGN
$11.3B
| $6.49M | 0.01% |
67,461
-16,811
| -20% | -$1.56M |
|
|
BOJA
1162
DELISTED
Bojangles', Inc. Common Stock
BOJA
| $6.48M | 0.01% |
347,650
+310,735
| +842% | +$5.42M |
|
|
AMAG
1163
DELISTED
AMAG Pharmaceuticals
AMAG
| $6.47M | 0.01% |
185,963
-34,115
| -16% | -$1.02M |
|
1164
Brink's
BCO
$4.65B
| $6.47M | 0.01% |
156,865
-244,168
| -61% | -$9.8M |
|
1165
Globe Life
GL
$13.3B
| $6.42M | 0.01% |
87,080
+36,712
| +73% | +$2.52M |
|
1166
Murphy USA
MUSA
$10.4B
| $6.41M | 0.01% |
+104,323
| New | +$7.02M |
|
1167
Safety Insurance
SAFT
$1.52B
| $6.4M | 0.01% |
86,894
+75,715
| +677% | +$5.29M |
|
1168
Box
BOX
$4.64B
| $6.4M | 0.01% |
461,549
+278,756
| +152% | +$4.13M |
|
1169
Banc of California
BANC
$2.95B
| $6.39M | 0.01% |
368,172
-207,146
| -36% | -$3.18M |
|
1170
Dine Brands
DIN
$457M
| $6.39M | 0.01% |
82,959
+5,790
| +8% | +$470K |
|
|
GNC
1171
DELISTED
GNC Holdings, Inc.
GNC
| $6.39M | 0.01% |
578,475
-344,885
| -37% | -$5.4M |
|
1172
CNA Financial
CNA
$13.4B
| $6.36M | 0.01% |
153,287
+1,760
| +1% | +$66.9K |
|
1173
Rogers Corp
ROG
$2.19B
| $6.34M | 0.01% |
82,591
+66,406
| +410% | +$4.5M |
|
|
LTXB
1174
DELISTED
LegacyTexas Financial Group Inc
LTXB
| $6.34M | 0.01% |
147,205
-654,621
| -82% | -$24.4M |
|
1175
Century Communities
CCS
$1.97B
| $6.33M | 0.01% |
301,420
+194,683
| +182% | +$4.04M |
|
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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.