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 | |
|---|---|---|---|---|---|---|
|
AVH
1976
DELISTED
AVIANCA HOLDINGS S.A.
AVH
| $1.66M | ﹤0.01% |
172,382
+153,582
| +817% | +$1.15M |
|
1977
Eaton
ETN
$163B
| $1.66M | ﹤0.01% |
24,754
-532,234
| -96% | -$34.9M |
|
1978
PUT
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
$3.75B
| $1.66M | ﹤0.01% |
10,000
+2,500
| +33% | +$392K |
|
1979
AMERISAFE
AMSF
$487M
| $1.66M | ﹤0.01% |
26,538
+7,947
| +43% | +$482K |
|
|
UBA
1980
DELISTED
Urstadt Biddle Properties Inc. Class A
UBA
| $1.65M | ﹤0.01% |
68,285
-24,730
| -27% | -$551K |
|
1981
International Paper
IP
$21.9B
| $1.65M | ﹤0.01% |
32,733
-1,023,805
| -97% | -$47.3M |
|
1982
Compañía de Cervecerías Unidas
CCU
$2.29B
| $1.64M | ﹤0.01% |
78,382
+50,176
| +178% | +$1.03M |
|
|
TPC
1983
Tutor Perini Cor
TPC
$4.65B
| $1.64M | ﹤0.01% |
58,701
-314,933
| -84% | -$7.63M |
|
|
RT
1984
DELISTED
Ruby Tuesday Georgia
RT
| $1.64M | ﹤0.01% |
508,852
-45,823
| -8% | -$140K |
|
|
GBNK
1985
DELISTED
Guaranty Bancorp
GBNK
| $1.64M | ﹤0.01% |
67,908
+51,245
| +308% | +$1.04M |
|
|
WES
1986
DELISTED
Western Gas Partners Lp
WES
| $1.64M | ﹤0.01% |
27,940
-26,171
| -48% | -$1.47M |
|
1987
CALL
MaxLinear
MXL
$5.71B
| $1.64M | ﹤0.01% |
+75,000
| New | +$1.55M |
|
1988
Toronto Dominion Bank
TD
$197B
| $1.63M | ﹤0.01% |
33,127
-489,998
| -94% | -$22.9M |
|
|
TA
1989
DELISTED
TravelCenters of America LLC
TA
| $1.63M | ﹤0.01% |
45,808
+18,243
| +66% | +$617K |
|
1990
HEICO Corp
HEI
$48.4B
| $1.62M | ﹤0.01% |
51,401
+461
| +0.9% | +$13.8K |
|
|
BID
1991
DELISTED
Sotheby's
BID
| $1.62M | ﹤0.01% |
40,745
-52,303
| -56% | -$1.98M |
|
|
BMS
1992
DELISTED
Bemis
BMS
| $1.62M | ﹤0.01% |
+33,968
| New | +$1.68M |
|
1993
ONE Gas
OGS
$5.1B
| $1.62M | ﹤0.01% |
25,340
-65,566
| -72% | -$3.98M |
|
1994
Genuine Parts
GPC
$19.2B
| $1.61M | ﹤0.01% |
+16,890
| New | +$1.61M |
|
|
CHSP
1995
DELISTED
Chesapeake Lodging Trust
CHSP
| $1.61M | ﹤0.01% |
62,355
+49,871
| +399% | +$1.18M |
|
1996
PC Connection
CNXN
$2B
| $1.61M | ﹤0.01% |
57,291
-10,867
| -16% | -$288K |
|
|
CHA
1997
DELISTED
China Telecom Corporation, LTD
CHA
| $1.61M | ﹤0.01% |
34,887
+509
| +1% | +$25.2K |
|
1998
MKS Inc
MKSI
$18.4B
| $1.61M | ﹤0.01% |
+27,050
| New | +$1.46M |
|
1999
iShares S&P 100 ETF
OEF
$20.3B
| $1.61M | ﹤0.01% |
16,186
-27,759
| -63% | -$2.69M |
|
|
ECOM
2000
DELISTED
CHANNELADVISOR CORPORATION
ECOM
| $1.61M | ﹤0.01% |
112,012
-55,815
| -33% | -$743K |
|
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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.