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 | |
|---|---|---|---|---|---|---|
|
TOO
2051
DELISTED
Teekay Offshore Partners L.P.
TOO
| $1.45M | ﹤0.01% |
285,898
+157,003
| +122% | +$885K |
|
2052
NETGEAR
NTGR
$600M
| $1.45M | ﹤0.01% |
26,588
-50,122
| -65% | -$2.68M |
|
|
UTEK
2053
DELISTED
Ultratech Inc.
UTEK
| $1.44M | ﹤0.01% |
60,003
-188,472
| -76% | -$4.3M |
|
2054
Icahn Enterprises
IEP
$4.86B
| $1.43M | ﹤0.01% |
+23,817
| New | +$1.28M |
|
2055
Rapid7
RPD
$838M
| $1.43M | ﹤0.01% |
117,211
-84,120
| -42% | -$1.14M |
|
2056
Duluth Holdings
DLTH
$140M
| $1.43M | ﹤0.01% |
+56,112
| New | +$1.62M |
|
2057
Commercial Vehicle Group
CVGI
$125M
| $1.42M | ﹤0.01% |
257,284
-91,005
| -26% | -$483K |
|
|
NVDQ
2058
DELISTED
Novadaq Technologies Inc.
NVDQ
| $1.42M | ﹤0.01% |
+200,384
| New | +$1.82M |
|
2059
FirstCash
FCFS
$9.56B
| $1.42M | ﹤0.01% |
30,138
-279,549
| -90% | -$13.1M |
|
|
AMED
2060
DELISTED
Amedisys
AMED
| $1.41M | ﹤0.01% |
+33,153
| New | +$1.41M |
|
|
ACOR
2061
CALL
DELISTED
Acorda Therapeutics
ACOR
| $1.41M | ﹤0.01% |
+625
| New | +$1.49M |
|
|
WNS
2062
DELISTED
WNS Holdings
WNS
| $1.41M | ﹤0.01% |
51,129
+8,371
| +20% | +$225K |
|
2063
TriMas Corp
TRS
$1.42B
| $1.4M | ﹤0.01% |
59,757
-30,798
| -34% | -$629K |
|
2064
State Street SPDR S&P Retail ETF
XRT
$323M
| $1.4M | ﹤0.01% |
31,854
-46,346
| -59% | -$2.06M |
|
2065
Old Second Bancorp
OSBC
$1.28B
| $1.4M | ﹤0.01% |
126,985
+82,483
| +185% | +$747K |
|
2066
Berkshire Hathaway Class B
BRK.B
$1.07T
| $1.4M | ﹤0.01% |
8,600
-81,785
| -90% | -$12.6M |
|
2067
Vail Resorts
MTN
$5.22B
| $1.39M | ﹤0.01% |
8,594
-104,741
| -92% | -$16.6M |
|
|
SAGE
2068
PUT
DELISTED
Sage Therapeutics
SAGE
| $1.38M | ﹤0.01% |
+27,100
| New | +$1.28M |
|
2069
Inovio Pharmaceuticals
INO
$132M
| $1.38M | ﹤0.01% |
+16,601
| New | +$1.5M |
|
|
ESRX
2070
CALL
DELISTED
Express Scripts Holding Company
ESRX
| $1.38M | ﹤0.01% |
+20,000
| New | +$1.43M |
|
|
PPP
2071
DELISTED
Primero Mining Corp
PPP
| $1.37M | ﹤0.01% |
+1,743,348
| New | +$1.93M |
|
2072
CBIZ
CBZ
$2.97B
| $1.37M | ﹤0.01% |
99,985
-146,437
| -59% | -$1.78M |
|
2073
Lattice Semiconductor
LSCC
$17.3B
| $1.37M | ﹤0.01% |
185,742
-18,200
| -9% | -$127K |
|
2074
FedEx
FDX
$78.9B
| $1.37M | ﹤0.01% |
7,336
-898,159
| -99% | -$165M |
|
2075
Natera
NTRA
$48.7B
| $1.36M | ﹤0.01% |
116,125
-136,767
| -54% | -$1.51M |
|
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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.