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 | |
|---|---|---|---|---|---|---|
126
Zions Bancorporation
ZION
$9.95B
| $86.1M | 0.18% |
1,999,392
-1,303,987
| -39% | -$48M |
|
127
Becton Dickinson
BDX
$52.3B
| $84.5M | 0.18% |
+523,463
| New | +$86.9M |
|
128
MGIC Investment
MTG
$6.34B
| $84.3M | 0.18% |
8,272,902
+3,147,926
| +61% | +$28.4M |
|
129
Huntington Bancshares
HBAN
$34.4B
| $84.2M | 0.18% |
6,366,366
-1,803,204
| -22% | -$21M |
|
130
Baxter International
BAX
$13.6B
| $83.8M | 0.18% |
1,890,834
+523,740
| +38% | +$24.2M |
|
131
Mid-America Apartment Communities
MAA
$15.2B
| $83.6M | 0.18% |
853,320
+711,523
| +502% | +$65.4M |
|
132
EOG Resources
EOG
$80.3B
| $83.1M | 0.17% |
821,887
+554,910
| +208% | +$54M |
|
133
TechnipFMC
FTI
$30.4B
| $82.8M | 0.17% |
3,133,197
-354,484
| -10% | -$8.87M |
|
|
CONE
134
DELISTED
CyrusOne Inc Common Stock
CONE
| $82.4M | 0.17% |
1,842,019
+857,189
| +87% | +$38M |
|
135
Dollar Tree
DLTR
$25.3B
| $82.4M | 0.17% |
+1,067,263
| New | +$85.9M |
|
136
American International
AIG
$39.8B
| $82.2M | 0.17% |
1,258,150
-225,701
| -15% | -$14.2M |
|
137
Allstate
ALL
$64.2B
| $81.9M | 0.17% |
1,104,406
+648,762
| +142% | +$45.7M |
|
138
Mohawk Industries
MHK
$9.23B
| $81.8M | 0.17% |
409,824
+226,245
| +123% | +$44.4M |
|
139
Texas Instruments
TXN
$241B
| $81.3M | 0.17% |
1,114,262
+173,678
| +18% | +$12.4M |
|
140
Matador Resources
MTDR
$7.22B
| $81.3M | 0.17% |
3,156,221
+2,447,326
| +345% | +$59.3M |
|
141
Louisiana-Pacific
LPX
$5.12B
| $80.9M | 0.17% |
4,273,935
+639,940
| +18% | +$12.2M |
|
142
Keurig Dr Pepper
KDP
$43.6B
| $80.3M | 0.17% |
886,030
+191,461
| +28% | +$16.8M |
|
143
Ford
F
$57.5B
| $80.1M | 0.17% |
+6,606,970
| New | +$80.1M |
|
144
Fortive
FTV
$18.1B
| $79.6M | 0.17% |
2,352,278
+1,799,525
| +326% | +$59.5M |
|
145
FirstEnergy
FE
$26.6B
| $79.5M | 0.17% |
2,568,103
-221,010
| -8% | -$7.08M |
|
146
UDR
UDR
$12.1B
| $79.4M | 0.17% |
+2,176,999
| New | +$74.6M |
|
147
Hershey
HSY
$37.5B
| $78.8M | 0.16% |
761,428
-64,193
| -8% | -$6.34M |
|
|
CTRA
148
DELISTED
Coterra Energy
CTRA
| $78.6M | 0.16% |
3,364,204
+1,190,388
| +55% | +$26.8M |
|
149
CenterPoint Energy
CNP
$25.5B
| $78.4M | 0.16% |
3,183,214
+445,452
| +16% | +$10.4M |
|
150
HP
HPQ
$27.2B
| $78.2M | 0.16% |
5,267,534
+2,677,021
| +103% | +$40.5M |
|
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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.