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 | |
|---|---|---|---|---|---|---|
|
MENT
1951
DELISTED
Mentor Graphics Corp
MENT
| $1.74M | ﹤0.01% |
47,078
+9,534
| +25% | +$311K |
|
1952
PUT
iShares China Large-Cap ETF
FXI
$4.24B
| $1.74M | ﹤0.01% |
50,000
-350,000
| -88% | -$12.9M |
|
|
NEOS
1953
DELISTED
Neos Therapeutics, Inc
NEOS
| $1.73M | ﹤0.01% |
296,175
-3,825
| -1% | -$25.9K |
|
1954
Vanguard Long-Term Bond ETF
BLV
$5.77B
| $1.73M | ﹤0.01% |
19,374
-16,562
| -46% | -$1.52M |
|
|
ESND
1955
DELISTED
Essendant Inc.
ESND
| $1.73M | ﹤0.01% |
82,632
+51,712
| +167% | +$983K |
|
|
IDTI
1956
DELISTED
Integrated Device Technology I
IDTI
| $1.72M | ﹤0.01% |
+73,154
| New | +$1.69M |
|
1957
Snap-on
SNA
$20.6B
| $1.72M | ﹤0.01% |
10,049
-83,182
| -89% | -$13.5M |
|
1958
Invesco Preferred ETF
PGX
$3.73B
| $1.72M | ﹤0.01% |
120,756
+10,134
| +9% | +$148K |
|
1959
Packaging Corp of America
PKG
$22B
| $1.72M | ﹤0.01% |
20,251
-31,619
| -61% | -$2.65M |
|
1960
Center Bancorp
CNOB
$1.61B
| $1.72M | ﹤0.01% |
66,113
+12,103
| +22% | +$262K |
|
1961
Howmet Aerospace
HWM
$107B
| $1.71M | ﹤0.01% |
+120,492
| New | +$1.81M |
|
1962
IDT Corp
IDT
$1.72B
| $1.71M | ﹤0.01% |
108,876
+12,233
| +13% | +$197K |
|
1963
Advanced Energy
AEIS
$11.3B
| $1.71M | ﹤0.01% |
31,168
-59,534
| -66% | -$3.05M |
|
|
JPS
1964
DELISTED
Nuveen Preferred & Income Securities Fund
JPS
| $1.7M | ﹤0.01% |
+183,009
| New | +$1.66M |
|
|
SN
1965
DELISTED
Sanchez Energy Corporation
SN
| $1.7M | ﹤0.01% |
188,394
-185,869
| -50% | -$1.49M |
|
1966
United Bankshares
UBSI
$6.46B
| $1.7M | ﹤0.01% |
36,712
-98,473
| -73% | -$4.18M |
|
|
SPPI
1967
DELISTED
Spectrum Pharmaceuticals Inc
SPPI
| $1.7M | ﹤0.01% |
382,927
+172,988
| +82% | +$726K |
|
|
GRA
1968
CALL
DELISTED
W.R. Grace & Co.
GRA
| $1.69M | ﹤0.01% |
+25,000
| New | +$1.71M |
|
1969
Hanmi Financial
HAFC
$921M
| $1.69M | ﹤0.01% |
48,428
-85,003
| -64% | -$2.48M |
|
1970
State Street Industrial Select Sector SPDR ETF
XLI
$33.4B
| $1.69M | ﹤0.01% |
27,080
-138,610
| -84% | -$8.35M |
|
1971
CALL
Hain Celestial
HAIN
$69.9M
| $1.68M | ﹤0.01% |
43,000
-30,000
| -41% | -$1.12M |
|
1972
iShares 1-5 Year Investment Grade Corporate Bond ETF
IGSB
$23.4B
| $1.68M | ﹤0.01% |
31,960
+14,848
| +87% | +$781K |
|
1973
Hexcel
HXL
$7.16B
| $1.67M | ﹤0.01% |
32,436
-251,843
| -89% | -$12.1M |
|
|
SUM
1974
CALL
DELISTED
Summit Materials, Inc. Class A Common Stock
SUM
| $1.67M | ﹤0.01% |
+72,187
| New | +$1.51M |
|
|
MRUS
1975
DELISTED
Merus
MRUS
| $1.66M | ﹤0.01% |
78,818
-7,882
| -9% | -$135K |
|
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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.