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 | |
|---|---|---|---|---|---|---|
101
KLA
KLAC
$240B
| $94.7M | 0.2% |
12,033,650
+10,072,830
| +514% | +$76.9M |
|
102
Qualcomm
QCOM
$169B
| $94.5M | 0.2% |
1,449,884
+288,129
| +25% | +$19.4M |
|
103
SM Energy
SM
$8.85B
| $93.9M | 0.2% |
2,724,032
+1,424,882
| +110% | +$51.5M |
|
104
D.R. Horton
DHI
$41.5B
| $93.9M | 0.2% |
3,434,680
+1,012,934
| +42% | +$28.9M |
|
105
Dover
DOV
$27.2B
| $93.8M | 0.2% |
1,549,874
+638,377
| +70% | +$36.9M |
|
106
eBay
EBAY
$46.3B
| $93.7M | 0.2% |
3,155,952
-4,391,838
| -58% | -$130M |
|
107
DaVita
DVA
$11.1B
| $93.6M | 0.2% |
1,457,594
+277,931
| +24% | +$17.3M |
|
108
KeyCorp
KEY
$23.3B
| $93.5M | 0.2% |
5,119,288
-4,428,199
| -46% | -$69.8M |
|
|
SHPG
109
DELISTED
Shire pic
SHPG
| $93.1M | 0.19% |
546,139
+47,211
| +9% | +$8.37M |
|
110
Clorox
CLX
$12.9B
| $93M | 0.19% |
+774,918
| New | +$91.4M |
|
|
111
Microsoft
MSFT
$3.59T
| $92.9M | 0.19% |
1,495,557
-3,198,686
| -68% | -$192M |
|
112
Jack in the Box
JACK
$331M
| $92.6M | 0.19% |
829,329
+48,504
| +6% | +$4.95M |
|
113
Entergy
ETR
$48.8B
| $92.5M | 0.19% |
2,518,776
+1,976,580
| +365% | +$70.9M |
|
|
AET
114
DELISTED
Aetna Inc
AET
| $92.5M | 0.19% |
745,672
+182,230
| +32% | +$21.8M |
|
115
Hewlett Packard
HPE
$70.8B
| $92.4M | 0.19% |
6,871,315
+2,518,586
| +58% | +$33.6M |
|
|
AGN
116
DELISTED
Allergan plc
AGN
| $92.2M | 0.19% |
438,794
+54,880
| +14% | +$11.4M |
|
117
Regency Centers
REG
$13.9B
| $92.1M | 0.19% |
1,335,117
+121,994
| +10% | +$8.49M |
|
118
Salesforce
CRM
$171B
| $92M | 0.19% |
+1,343,363
| New | +$97.5M |
|
119
Waste Management
WM
$89.6B
| $91.6M | 0.19% |
1,291,390
-494,741
| -28% | -$33.1M |
|
|
CWEI
120
DELISTED
Clayton Williams Energy, Inc.
CWEI
| $91.1M | 0.19% |
763,618
-92,038
| -11% | -$9.23M |
|
121
Charles River Laboratories
CRL
$14.1B
| $90.3M | 0.19% |
1,185,671
+112,030
| +10% | +$8.51M |
|
122
Highwoods Properties
HIW
$3.46B
| $89.5M | 0.19% |
1,755,540
+250,874
| +17% | +$12.3M |
|
|
VTLE
123
DELISTED
Vital Energy
VTLE
| $87.9M | 0.18% |
310,872
+182,500
| +142% | +$50.2M |
|
124
Alaska Air
ALK
$4.51B
| $87.2M | 0.18% |
982,478
-411,479
| -30% | -$32.4M |
|
|
MRSH
125
Marsh
MRSH
$91.6B
| $86.8M | 0.18% |
+1,284,123
| New | +$86.1M |
|
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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.