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 | |
|---|---|---|---|---|---|---|
1476
Bio-Techne
TECH
$11.3B
| $4M | 0.01% |
155,424
-284,240
| -65% | -$7.47M |
|
1477
CALL
Expeditors International
EXPD
$24.6B
| $3.97M | 0.01% |
+75,000
| New | +$3.92M |
|
|
TRIB
1478
Trinity Biotech
TRIB
$7.9M
| $3.97M | 0.01% |
3,822
+1,713
| +81% | +$1.77M |
|
1479
Chunghwa Telecom
CHT
$33.5B
| $3.96M | 0.01% |
125,555
+51,949
| +71% | +$1.75M |
|
1480
Novavax
NVAX
$1.56B
| $3.95M | 0.01% |
156,754
-119,661
| -43% | -$3.49M |
|
1481
Matthews International
MATW
$671M
| $3.95M | 0.01% |
+51,390
| New | +$3.46M |
|
1482
PUT
Eagle Materials
EXP
$6.1B
| $3.94M | 0.01% |
40,000
-50,000
| -56% | -$4.49M |
|
1483
Boston Beer
SAM
$1.95B
| $3.94M | 0.01% |
23,192
-20,534
| -47% | -$3.4M |
|
|
ALOG
1484
DELISTED
Analogic Corp
ALOG
| $3.94M | 0.01% |
+47,436
| New | +$4.08M |
|
1485
Nice
NICE
$5.88B
| $3.93M | 0.01% |
57,208
+14,748
| +35% | +$984K |
|
1486
SBA Communications
SBAC
$19.9B
| $3.93M | 0.01% |
38,093
-397,207
| -91% | -$41.8M |
|
|
YELL
1487
DELISTED
Yellow Corporation Common Stock
YELL
| $3.93M | 0.01% |
296,090
-28,986
| -9% | -$365K |
|
1488
PUT
Voya Financial
VOYA
$9.11B
| $3.92M | 0.01% |
+100,000
| New | +$3.52M |
|
|
TPIC
1489
DELISTED
TPI Composites
TPIC
| $3.91M | 0.01% |
+243,631
| New | +$3.95M |
|
|
UFS
1490
CALL
DELISTED
DOMTAR CORPORATION (New)
UFS
| $3.9M | 0.01% |
100,000
-150,000
| -60% | -$5.71M |
|
|
QEP
1491
CALL
DELISTED
QEP RESOURCES, INC.
QEP
| $3.9M | 0.01% |
211,600
| – | – |
|
1492
Albemarle
ALB
$15.7B
| $3.89M | 0.01% |
45,237
-63,713
| -58% | -$5.39M |
|
1493
Teva Pharmaceuticals
TEVA
$44.4B
| $3.89M | 0.01% |
107,352
-1,646,808
| -94% | -$65.7M |
|
|
LHO
1494
DELISTED
LaSalle Hotel Properties
LHO
| $3.89M | 0.01% |
127,709
+52,497
| +70% | +$1.41M |
|
1495
iShares MSCI Japan ETF
EWJ
$22.6B
| $3.87M | 0.01% |
+79,200
| New | +$3.95M |
|
|
SASR
1496
DELISTED
Sandy Spring Bancorp Inc
SASR
| $3.87M | 0.01% |
96,683
+60,357
| +166% | +$2.09M |
|
1497
CALL
Minerals Technologies
MTX
$2.24B
| $3.86M | 0.01% |
+50,000
| New | +$3.71M |
|
|
MXIM
1498
CALL
DELISTED
Maxim Integrated Products
MXIM
| $3.86M | 0.01% |
100,000
+50,000
| +100% | +$1.96M |
|
1499
Children's Place
PLCE
$59.8M
| $3.85M | 0.01% |
+38,175
| New | +$3.44M |
|
|
AJRD
1500
DELISTED
Aerojet Rocketdyne Holdings
AJRD
| $3.85M | 0.01% |
214,676
+98,134
| +84% | +$1.81M |
|
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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.