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 | |
|---|---|---|---|---|---|---|
|
AET
1526
CALL
DELISTED
Aetna Inc
AET
| $3.72M | 0.01% |
+30,000
| New | +$3.59M |
|
1527
Rigel Pharmaceuticals
RIGL
$855M
| $3.72M | 0.01% |
156,208
-54,061
| -26% | -$1.55M |
|
1528
Atlassian
TEAM
$42.8B
| $3.71M | 0.01% |
154,202
-140,349
| -48% | -$3.79M |
|
1529
Surgery Partners
SGRY
$1.88B
| $3.71M | 0.01% |
234,080
+30,765
| +15% | +$512K |
|
|
ETG
1530
Eaton Vance Tax-Advantaged Global Dividend Income Fund
ETG
$1.84B
| $3.7M | 0.01% |
+263,022
| New | +$3.75M |
|
|
UCTT
1531
Ultra Clean Holdings
UCTT
$3.28B
| $3.7M | 0.01% |
381,136
+338,820
| +801% | +$3.08M |
|
1532
CALL
Vertex Pharmaceuticals
VRTX
$140B
| $3.68M | 0.01% |
50,000
+10,000
| +25% | +$814K |
|
|
BKMU
1533
DELISTED
Bank Mutual Corp
BKMU
| $3.68M | 0.01% |
389,692
+247,351
| +174% | +$2.1M |
|
1534
PUT
CNX Resources
CNX
$5.35B
| $3.68M | 0.01% |
242,160
+204,000
| +535% | +$3.22M |
|
|
CWEN.A
1535
DELISTED
Clearway Energy Class A
CWEN.A
| $3.68M | 0.01% |
239,456
+79,092
| +49% | +$1.19M |
|
1536
Curis
CRIS
$3.71M
| $3.68M | 0.01% |
+597
| New | +$3.59M |
|
1537
ITT
ITT
$18.8B
| $3.67M | 0.01% |
95,270
-73,343
| -43% | -$2.76M |
|
1538
OraSure Technologies
OSUR
$257M
| $3.66M | 0.01% |
417,271
-25,599
| -6% | -$211K |
|
1539
HEICO Corp Class A
HEI.A
$35.2B
| $3.66M | 0.01% |
131,653
+20,840
| +19% | +$542K |
|
1540
Matrix Service
MTRX
$299M
| $3.66M | 0.01% |
161,330
-140,788
| -47% | -$2.8M |
|
|
ORBK
1541
DELISTED
Orbotech Ltd
ORBK
| $3.65M | 0.01% |
109,276
-13,149
| -11% | -$402K |
|
|
BV
1542
DELISTED
Bazaarvoice, Inc.
BV
| $3.64M | 0.01% |
750,006
-333,355
| -31% | -$1.7M |
|
|
BIG
1543
DELISTED
Big Lots, Inc.
BIG
| $3.64M | 0.01% |
72,440
-57,634
| -44% | -$2.83M |
|
1544
Compass Minerals
CMP
$1.04B
| $3.64M | 0.01% |
46,404
-319,428
| -87% | -$24.3M |
|
|
PDCE
1545
DELISTED
PDC Energy, Inc.
PDCE
| $3.64M | 0.01% |
+50,101
| New | +$3.45M |
|
1546
Cohen & Steers Quality Income Realty Fund
RQI
$1.68B
| $3.63M | 0.01% |
+297,701
| New | +$3.54M |
|
|
FRGI
1547
DELISTED
Fiesta Restaurant Group, Inc.
FRGI
| $3.63M | 0.01% |
121,652
-197,045
| -62% | -$5.48M |
|
1548
Plexus
PLXS
$6.55B
| $3.63M | 0.01% |
67,148
-112,875
| -63% | -$5.58M |
|
1549
PUT
Synchrony
SYF
$26.3B
| $3.63M | 0.01% |
+100,000
| New | +$3.19M |
|
1550
IAMGOLD
IAG
$12.4B
| $3.63M | 0.01% |
941,905
-2,237,581
| -70% | -$8.36M |
|
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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.