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 | |
|---|---|---|---|---|---|---|
1251
Acco Brands
ACCO
$389M
| $5.66M | 0.01% |
434,048
+270,743
| +166% | +$3.17M |
|
|
KNL
1252
DELISTED
Knoll, Inc.
KNL
| $5.66M | 0.01% |
202,727
-53,579
| -21% | -$1.31M |
|
1253
Copa Holdings
CPA
$6.04B
| $5.66M | 0.01% |
62,295
-133,109
| -68% | -$12.1M |
|
|
ESL
1254
DELISTED
Esterline Technologies
ESL
| $5.66M | 0.01% |
63,413
-2,883
| -4% | -$236K |
|
1255
PUT
T. Rowe Price
TROW
$24.1B
| $5.64M | 0.01% |
+75,000
| New | +$5.31M |
|
1256
Grupo Aeroportuario Centro Norte
OMAB
$5.03B
| $5.63M | 0.01% |
162,892
+111,595
| +218% | +$4.64M |
|
|
RAI
1257
CALL
DELISTED
Reynolds American Inc
RAI
| $5.6M | 0.01% |
+100,000
| New | +$5.31M |
|
1258
Pampa Energía
PAM
$4.28B
| $5.6M | 0.01% |
160,849
+42,315
| +36% | +$1.44M |
|
|
AHT
1259
Ashford Hospitality Trust
AHT
$21.7M
| $5.59M | 0.01% |
729
+227
| +45% | +$1.48M |
|
1260
UGI
UGI
$8.23B
| $5.58M | 0.01% |
121,206
+27,498
| +29% | +$1.23M |
|
1261
CALL
Opko Health
OPK
$1.11B
| $5.58M | 0.01% |
600,000
+500,000
| +500% | +$5.17M |
|
|
CHMT
1262
DELISTED
Chemtura Corporation
CHMT
| $5.58M | 0.01% |
168,015
+87,638
| +109% | +$2.89M |
|
1263
SLM Corp
SLM
$4.98B
| $5.57M | 0.01% |
505,668
+464,632
| +1,132% | +$4.17M |
|
1264
Weyerhaeuser
WY
$17.6B
| $5.57M | 0.01% |
185,144
-230,720
| -55% | -$7.11M |
|
|
REN
1265
DELISTED
Resolute Energy Corporaton
REN
| $5.57M | 0.01% |
135,255
-149,755
| -53% | -$4.77M |
|
|
COL
1266
CALL
DELISTED
Rockwell Collins
COL
| $5.57M | 0.01% |
+60,000
| New | +$5.29M |
|
|
HAR
1267
CALL
DELISTED
Harman International Industries
HAR
| $5.56M | 0.01% |
+50,000
| New | +$4.83M |
|
|
PPBI
1268
DELISTED
Pacific Premier Bancorp
PPBI
| $5.55M | 0.01% |
+157,004
| New | +$4.72M |
|
|
PNRA
1269
DELISTED
Panera Bread Co
PNRA
| $5.54M | 0.01% |
27,018
-127,331
| -82% | -$25.8M |
|
|
LUMO
1270
DELISTED
Lumos Pharma, Inc. Common Stock
LUMO
| $5.49M | 0.01% |
59,336
+18,034
| +44% | +$2.03M |
|
1271
A10 Networks
ATEN
$1.82B
| $5.48M | 0.01% |
659,232
+318,992
| +94% | +$2.74M |
|
|
FCH
1272
DELISTED
Felcor Lodging Trust
FCH
| $5.48M | 0.01% |
+683,859
| New | +$4.85M |
|
1273
Oil States International
OIS
$506M
| $5.46M | 0.01% |
140,072
-564,590
| -80% | -$19.2M |
|
|
EV
1274
DELISTED
Eaton Vance Corp.
EV
| $5.43M | 0.01% |
129,641
+37,974
| +41% | +$1.49M |
|
1275
First Trust Global Tactical Commodity Strategy Fund
FTGC
$3.18B
| $5.41M | 0.01% |
265,019
-48,481
| -15% | -$991K |
|
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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.