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 | |
|---|---|---|---|---|---|---|
1776
Hain Celestial
HAIN
$69.9M
| $2.38M | 0.01% |
+61,103
| New | +$2.29M |
|
1777
White Mountains Insurance
WTM
$5.09B
| $2.38M | 0.01% |
+2,843
| New | +$2.38M |
|
1778
RLI Corp
RLI
$5.95B
| $2.36M | ﹤0.01% |
+74,826
| New | +$2.32M |
|
1779
Yum China
YUMC
$16.1B
| $2.36M | ﹤0.01% |
+90,414
| New | +$2.46M |
|
|
FNGN
1780
DELISTED
Financial Engines, Inc.
FNGN
| $2.35M | ﹤0.01% |
63,962
-198,219
| -76% | -$6.38M |
|
1781
PUT
United States Oil Fund
USO
$1.99B
| $2.34M | ﹤0.01% |
+25,000
| New | +$2.21M |
|
1782
Arbor Realty Trust
ABR
$944M
| $2.34M | ﹤0.01% |
313,326
+165,619
| +112% | +$1.22M |
|
|
BCOV
1783
DELISTED
Brightcove, Inc.
BCOV
| $2.33M | ﹤0.01% |
289,690
+77,099
| +36% | +$753K |
|
1784
CALL
PTC
PTC
$16.5B
| $2.31M | ﹤0.01% |
50,000
-50,000
| -50% | -$2.34M |
|
|
DST
1785
DELISTED
DST Systems Inc.
DST
| $2.31M | ﹤0.01% |
43,076
-29,756
| -41% | -$1.57M |
|
|
QUOT
1786
DELISTED
Quotient Technology Inc
QUOT
| $2.3M | ﹤0.01% |
214,363
-349,459
| -62% | -$4.07M |
|
|
FLIR
1787
DELISTED
FLIR Systems, Inc. (DE) Common Stock
FLIR
| $2.3M | ﹤0.01% |
63,484
+34,398
| +118% | +$1.16M |
|
|
USG
1788
DELISTED
Usg
USG
| $2.29M | ﹤0.01% |
79,451
-411,868
| -84% | -$11.3M |
|
1789
State Street SPDR S&P Homebuilders ETF
XHB
$1.41B
| $2.28M | ﹤0.01% |
67,410
+22,774
| +51% | +$763K |
|
1790
Barrett Business Services
BBSI
$823M
| $2.28M | ﹤0.01% |
+142,348
| New | +$1.92M |
|
1791
Capri Holdings
CPRI
$1.55B
| $2.28M | ﹤0.01% |
53,045
+6,250
| +13% | +$297K |
|
1792
Zebra Technologies
ZBRA
$17B
| $2.28M | ﹤0.01% |
26,554
-64,255
| -71% | -$4.76M |
|
1793
Trinity Industries
TRN
$2.35B
| $2.28M | ﹤0.01% |
113,897
-925,465
| -89% | -$17M |
|
|
SREV
1794
DELISTED
ServiceSource International, Inc.
SREV
| $2.28M | ﹤0.01% |
400,784
+60,853
| +18% | +$324K |
|
1795
HNI Corp
HNI
$3.6B
| $2.27M | ﹤0.01% |
+40,656
| New | +$1.93M |
|
|
OKS
1796
DELISTED
Oneok Partners LP
OKS
| $2.27M | ﹤0.01% |
52,800
+28,503
| +117% | +$1.18M |
|
|
SCAI
1797
DELISTED
Surgical Care Affiliates, Inc.
SCAI
| $2.27M | ﹤0.01% |
49,077
-448,679
| -90% | -$20M |
|
1798
Assured Guaranty
AGO
$3.34B
| $2.27M | ﹤0.01% |
59,977
+49,300
| +462% | +$1.66M |
|
1799
Morningstar
MORN
$7.97B
| $2.26M | ﹤0.01% |
30,735
-31,061
| -50% | -$2.28M |
|
1800
Itaú Unibanco
ITUB
$83.9B
| $2.26M | ﹤0.01% |
452,848
-2,760,651
| -86% | -$14.1M |
|
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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.