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 | |
|---|---|---|---|---|---|---|
1901
Babcock & Wilcox
BW
$1.12B
| $1.91M | ﹤0.01% |
11,497
-4,647
| -29% | -$741K |
|
|
UAM
1902
DELISTED
Universal American Corp
UAM
| $1.9M | ﹤0.01% |
+190,924
| New | +$1.68M |
|
|
AIV
1903
Aimco
AIV
$367M
| $1.9M | ﹤0.01% |
+313,266
| New | +$1.79M |
|
|
TRQ
1904
DELISTED
Turquoise Hill Resources Ltd
TRQ
| $1.89M | ﹤0.01% |
58,640
-123,565
| -68% | -$3.98M |
|
1905
Diageo
DEO
$52.1B
| $1.89M | ﹤0.01% |
18,145
-6,948
| -28% | -$731K |
|
|
IDTI
1906
CALL
DELISTED
Integrated Device Technology I
IDTI
| $1.89M | ﹤0.01% |
80,000
-20,000
| -20% | -$461K |
|
|
RESI
1907
DELISTED
Front Yard Residential Corporation Common Stock
RESI
| $1.88M | ﹤0.01% |
170,423
-61,729
| -27% | -$680K |
|
|
GNMX
1908
DELISTED
Aevi Genomic Medicine Inc
GNMX
| $1.88M | ﹤0.01% |
+362,700
| New | +$1.91M |
|
|
ESPR
1909
CALL
DELISTED
Esperion Therapeutics
ESPR
| $1.88M | ﹤0.01% |
+150,000
| New | +$1.79M |
|
|
MITL
1910
DELISTED
Mitel Networks Corporation
MITL
| $1.88M | ﹤0.01% |
276,164
-838,729
| -75% | -$5.82M |
|
1911
PUT
Vulcan Materials
VMC
$35.5B
| $1.88M | ﹤0.01% |
15,000
-85,000
| -85% | -$10.3M |
|
1912
iRhythm Holdings
IRTC
$3.93B
| $1.86M | ﹤0.01% |
+62,019
| New | +$1.67M |
|
|
FFWM
1913
DELISTED
First Foundation Inc
FFWM
| $1.85M | ﹤0.01% |
+129,514
| New | +$1.72M |
|
1914
Fortis
FTS
$28.3B
| $1.85M | ﹤0.01% |
+59,790
| New | +$1.86M |
|
|
K
1915
CALL
DELISTED
Kellanova
K
| $1.84M | ﹤0.01% |
+26,625
| New | +$1.85M |
|
1916
Steven Madden
SHOO
$3.3B
| $1.84M | ﹤0.01% |
+77,136
| New | +$1.88M |
|
|
PFC
1917
DELISTED
Premier Financial Corp. Common Stock
PFC
| $1.84M | ﹤0.01% |
72,398
-23,228
| -24% | -$526K |
|
1918
BlackRock Multi-Sector Income Trust
BIT
$684M
| $1.83M | ﹤0.01% |
+111,297
| New | +$1.83M |
|
1919
Brixmor Property Group
BRX
$9.02B
| $1.83M | ﹤0.01% |
75,110
-118,136
| -61% | -$2.95M |
|
|
CHL
1920
DELISTED
China Mobile Limited
CHL
| $1.83M | ﹤0.01% |
34,869
+25,348
| +266% | +$1.42M |
|
1921
Arrowhead Research
ARWR
$12.6B
| $1.82M | ﹤0.01% |
1,177,293
+1,143,673
| +3,402% | +$4.87M |
|
|
SP
1922
DELISTED
SP Plus Corporation
SP
| $1.82M | ﹤0.01% |
64,831
+52,551
| +428% | +$1.39M |
|
|
CLC
1923
DELISTED
Clarcor
CLC
| $1.82M | ﹤0.01% |
22,132
-28,663
| -56% | -$2.02M |
|
|
FPF
1924
First Trust Intermediate Duration Preferred & Income Fund
FPF
$1.08B
| $1.82M | ﹤0.01% |
+80,216
| New | +$1.78M |
|
1925
Old National Bancorp
ONB
$9.86B
| $1.82M | ﹤0.01% |
100,193
-346,566
| -78% | -$5.57M |
|
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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.