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 | |
|---|---|---|---|---|---|---|
|
DENN
1501
DELISTED
Denny's
DENN
| $3.85M | 0.01% |
300,079
+187,154
| +166% | +$2.18M |
|
1502
Manitowoc
MTW
$692M
| $3.85M | 0.01% |
160,846
-1,315,750
| -89% | -$27.1M |
|
1503
Spire
SR
$4.87B
| $3.85M | 0.01% |
59,601
-2,054
| -3% | -$129K |
|
1504
Federal Realty Investment Trust
FRT
$10.2B
| $3.84M | 0.01% |
27,039
-110,032
| -80% | -$15.6M |
|
1505
Green Dot
GDOT
$762M
| $3.83M | 0.01% |
162,607
-87,035
| -35% | -$2.04M |
|
1506
Red Robin
RRGB
$182M
| $3.83M | 0.01% |
+67,855
| New | +$3.4M |
|
1507
Enterprise Financial Services Corp
EFSC
$2.29B
| $3.8M | 0.01% |
88,359
+5,922
| +7% | +$217K |
|
1508
MillerKnoll
MLKN
$1.61B
| $3.8M | 0.01% |
+111,019
| New | +$3.46M |
|
1509
Halozyme
HALO
$12.1B
| $3.79M | 0.01% |
384,099
+164,001
| +75% | +$1.8M |
|
|
GCP
1510
DELISTED
GCP Applied Technologies Inc.
GCP
| $3.79M | 0.01% |
141,822
-216,068
| -60% | -$5.84M |
|
|
HTLF
1511
DELISTED
Heartland Financial USA, Inc.
HTLF
| $3.79M | 0.01% |
78,892
-15,220
| -16% | -$632K |
|
1512
PUT
Louisiana-Pacific
LPX
$4.98B
| $3.79M | 0.01% |
200,000
| – | – |
|
1513
Liberty All-Star Equity Fund
USA
$1.85B
| $3.79M | 0.01% |
733,763
+714,201
| +3,651% | +$3.62M |
|
|
HIFR
1514
DELISTED
InfraREIT, Inc.
HIFR
| $3.79M | 0.01% |
211,322
+136,291
| +182% | +$2.33M |
|
|
HZN
1515
DELISTED
Horizon Global Corporation
HZN
| $3.78M | 0.01% |
157,367
+7,873
| +5% | +$177K |
|
1516
iShares MSCI USA Min Vol Factor ETF
USMV
$24.4B
| $3.77M | 0.01% |
+83,441
| New | +$3.72M |
|
1517
Leggett & Platt
LEG
$1.26B
| $3.77M | 0.01% |
77,169
+60,914
| +375% | +$2.9M |
|
|
CSFL
1518
DELISTED
CenterState Bank Corporation Common Stock
CSFL
| $3.76M | 0.01% |
149,320
-75,634
| -34% | -$1.61M |
|
1519
IBM
IBM
$225B
| $3.75M | 0.01% |
23,635
-114,204
| -83% | -$17.4M |
|
1520
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$17.7B
| $3.75M | 0.01% |
43,324
-92,166
| -68% | -$7.94M |
|
1521
LXP Industrial Trust
LXP
$3.6B
| $3.75M | 0.01% |
69,362
-118,448
| -63% | -$6.04M |
|
1522
CALL
Graphic Packaging
GPK
$3.41B
| $3.74M | 0.01% |
+300,000
| New | +$3.88M |
|
1523
FIVE9
FIVN
$2.51B
| $3.73M | 0.01% |
263,203
+58,658
| +29% | +$846K |
|
1524
KT
KT
$9.34B
| $3.73M | 0.01% |
264,746
-49,711
| -16% | -$748K |
|
|
BWP
1525
DELISTED
Boardwalk Pipeline Partners
BWP
| $3.73M | 0.01% |
214,816
-121,672
| -36% | -$2.08M |
|
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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 $7.71B 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.