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 | |
|---|---|---|---|---|---|---|
1726
Preferred Bank
PFBC
$1.23B
| $2.61M | 0.01% |
49,818
-24,038
| -33% | -$1.02M |
|
|
CLSD
1727
DELISTED
Clearside Biomedical
CLSD
| $2.61M | 0.01% |
+19,448
| New | +$4.88M |
|
1728
TFS Financial
TFSL
$5.03B
| $2.61M | 0.01% |
136,961
-58,254
| -30% | -$1.07M |
|
|
AXAS
1729
DELISTED
Abraxas Petroleum Corp
AXAS
| $2.6M | 0.01% |
+50,670
| New | +$2M |
|
1730
Omnicom Group
OMC
$24.1B
| $2.6M | 0.01% |
+30,538
| New | +$2.56M |
|
|
PGEM
1731
DELISTED
Ply Gem Holdings, Inc.
PGEM
| $2.6M | 0.01% |
159,940
-182,008
| -53% | -$2.71M |
|
|
PMT
1732
PennyMac Mortgage Investment
PMT
$805M
| $2.6M | 0.01% |
158,495
+100,849
| +175% | +$1.6M |
|
1733
EnerSys
ENS
$6.96B
| $2.59M | 0.01% |
33,206
+27,645
| +497% | +$2.03M |
|
1734
Chegg
CHGG
$87.7M
| $2.59M | 0.01% |
350,702
+327,791
| +1,431% | +$2.44M |
|
|
LKSD
1735
DELISTED
LSC Communications, Inc.
LKSD
| $2.59M | 0.01% |
+87,201
| New | +$2.07M |
|
|
WIFI
1736
DELISTED
Boingo Wireless, Inc.
WIFI
| $2.59M | 0.01% |
+212,163
| New | +$2.37M |
|
1737
MacroGenics
MGNX
$257M
| $2.58M | 0.01% |
126,235
-64,317
| -34% | -$1.62M |
|
|
PSTB
1738
DELISTED
Park Sterling Corp.
PSTB
| $2.58M | 0.01% |
238,686
+115,001
| +93% | +$1.07M |
|
|
NGHC
1739
DELISTED
National General Holdings Corp
NGHC
| $2.57M | 0.01% |
103,002
-161,163
| -61% | -$3.66M |
|
|
CLDT
1740
Chatham Lodging
CLDT
$629M
| $2.57M | 0.01% |
125,043
+53,103
| +74% | +$1.02M |
|
1741
Cytokinetics
CYTK
$11B
| $2.57M | 0.01% |
211,486
-100,714
| -32% | -$1.07M |
|
1742
UBS Group
UBS
$167B
| $2.57M | 0.01% |
+163,963
| New | +$2.47M |
|
1743
Tenet Healthcare
THC
$22.1B
| $2.56M | 0.01% |
172,268
-356,638
| -67% | -$6.4M |
|
1744
Grupo Aeroportuario del Pacifico
PAC
$12.8B
| $2.56M | 0.01% |
+30,966
| New | +$2.79M |
|
1745
Asbury Automotive
ABG
$3.77B
| $2.55M | 0.01% |
41,329
-44,386
| -52% | -$2.53M |
|
|
DBVT
1746
DBV Technologies
DBVT
$913M
| $2.54M | 0.01% |
7,245
+5,885
| +433% | +$2.11M |
|
1747
Sasol
SSL
$7.28B
| $2.54M | 0.01% |
88,685
+59,689
| +206% | +$1.64M |
|
|
ITG
1748
DELISTED
Investment Technology Group Inc
ITG
| $2.52M | 0.01% |
127,698
-180,640
| -59% | -$3.27M |
|
|
NS
1749
DELISTED
NuStar Energy L.P.
NS
| $2.52M | 0.01% |
50,539
-5,413
| -10% | -$258K |
|
|
AKAO
1750
CALL
DELISTED
Achaogen Inc
AKAO
| $2.52M | 0.01% |
+193,300
| New | +$1.33M |
|
Similar funds
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.