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 | |
|---|---|---|---|---|---|---|
|
TGI
1351
DELISTED
Triumph Group
TGI
| $4.77M | 0.01% |
179,928
+75,123
| +72% | +$2M |
|
1352
Madison Square Garden
MSGS
$9.8B
| $4.76M | 0.01% |
38,915
-84,277
| -68% | -$10.2M |
|
1353
Financial Institutions
FISI
$800M
| $4.75M | 0.01% |
138,917
+116,714
| +526% | +$3.47M |
|
1354
HDFC Bank
HDB
$121B
| $4.75M | 0.01% |
+313,100
| New | +$5.24M |
|
1355
BlackBerry
BB
$4.57B
| $4.74M | 0.01% |
688,247
-1,038,855
| -60% | -$7.72M |
|
1356
Customers Bancorp
CUBI
$2.64B
| $4.74M | 0.01% |
132,314
+35,291
| +36% | +$1.04M |
|
1357
LiveRamp
RAMP
$2.29B
| $4.73M | 0.01% |
176,542
+24,548
| +16% | +$637K |
|
|
SNBR
1358
DELISTED
Sleep Number
SNBR
| $4.73M | 0.01% |
+208,960
| New | +$4.52M |
|
1359
Enterprise Products Partners
EPD
$82.6B
| $4.72M | 0.01% |
174,602
-1,403,312
| -89% | -$36.6M |
|
1360
CALL
Fastenal
FAST
$57.7B
| $4.7M | 0.01% |
+400,000
| New | +$4.39M |
|
1361
Invesco DB US Dollar Index Bullish Fund
UUP
$321M
| $4.7M | 0.01% |
177,543
-12,457
| -7% | -$321K |
|
|
TECD
1362
DELISTED
Tech Data Corp
TECD
| $4.7M | 0.01% |
+55,444
| New | +$4.61M |
|
|
CYOU
1363
DELISTED
Changyou.com Limited American Depositary Share
CYOU
| $4.69M | 0.01% |
220,905
+122,477
| +124% | +$3.1M |
|
1364
SPX Corp
SPXC
$10.1B
| $4.67M | 0.01% |
197,081
+54,694
| +38% | +$1.2M |
|
|
ACHN
1365
DELISTED
Achillion Pharmaceuticals
ACHN
| $4.67M | 0.01% |
1,130,923
+1,067,461
| +1,682% | +$5.67M |
|
1366
Viavi Solutions
VIAV
$9.3B
| $4.67M | 0.01% |
570,331
-1,173,048
| -67% | -$9.11M |
|
1367
Moog Inc Class A
MOG.A
$11.9B
| $4.64M | 0.01% |
70,717
-10,723
| -13% | -$684K |
|
|
MODV
1368
DELISTED
ModivCare
MODV
| $4.64M | 0.01% |
122,004
+95,833
| +366% | +$3.88M |
|
1369
CALL
AB InBev
BUD
$155B
| $4.64M | 0.01% |
+44,000
| New | +$4.93M |
|
1370
PUT
Lincoln National
LNC
$8.16B
| $4.64M | 0.01% |
+70,000
| New | +$4.07M |
|
1371
NorthWestern Energy
NWE
$4.36B
| $4.63M | 0.01% |
81,467
-27,100
| -25% | -$1.52M |
|
|
AVNS
1372
CALL
DELISTED
Avanos Medical
AVNS
| $4.62M | 0.01% |
+125,000
| New | +$4.47M |
|
|
AVNS
1373
DELISTED
Avanos Medical
AVNS
| $4.62M | 0.01% |
124,940
-149,713
| -55% | -$5.35M |
|
|
DRRX
1374
DELISTED
DURECT Corp
DRRX
| $4.62M | 0.01% |
344,389
+118,742
| +53% | +$1.52M |
|
1375
Ascendis Pharma A/S
ASND
$16.6B
| $4.59M | 0.01% |
226,804
+150,582
| +198% | +$3.01M |
|
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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.