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 | |
|---|---|---|---|---|---|---|
2151
BioCryst Pharmaceuticals
BCRX
$2.47B
| $1.18M | ﹤0.01% |
186,994
+125,838
| +206% | +$655K |
|
2152
Donegal Group Class A
DGICA
$699M
| $1.18M | ﹤0.01% |
67,313
+30,644
| +84% | +$496K |
|
|
ISEE
2153
PUT
DELISTED
IVERIC bio, Inc. Common Stock
ISEE
| $1.18M | ﹤0.01% |
+243,600
| New | +$7.23M |
|
|
RELY
2154
DELISTED
Real Industry, Inc.
RELY
| $1.17M | ﹤0.01% |
192,270
+159,299
| +483% | +$924K |
|
2155
United Natural Foods
UNFI
$2.88B
| $1.17M | ﹤0.01% |
24,463
+9,966
| +69% | +$447K |
|
2156
Palo Alto Networks
PANW
$305B
| $1.16M | ﹤0.01% |
55,770
-2,467,968
| -98% | -$59.1M |
|
2157
Telkom Indonesia
TLK
$14.4B
| $1.16M | ﹤0.01% |
+39,805
| New | +$1.2M |
|
|
ENH
2158
DELISTED
Endurance Specialty Holdings Ltd
ENH
| $1.16M | ﹤0.01% |
12,539
-728,278
| -98% | -$66.7M |
|
|
OSG
2159
Octave Specialty Group
OSG
$205M
| $1.16M | ﹤0.01% |
51,400
-183,375
| -78% | -$4.01M |
|
2160
Dycom Industries
DY
$9.15B
| $1.16M | ﹤0.01% |
14,407
-500,819
| -97% | -$40.5M |
|
|
IXYS
2161
DELISTED
IXYS Corp
IXYS
| $1.16M | ﹤0.01% |
97,258
+41,597
| +75% | +$473K |
|
2162
Larimar Therapeutics
LRMR
$424M
| $1.16M | ﹤0.01% |
30,281
+22,098
| +270% | +$896K |
|
|
OLP
2163
One Liberty Properties
OLP
$530M
| $1.16M | ﹤0.01% |
45,986
-16,370
| -26% | -$395K |
|
|
RAS
2164
DELISTED
RAIT Financial Trust
RAS
| $1.15M | ﹤0.01% |
343,505
+34,034
| +11% | +$105K |
|
|
DMC
2165
Del Monte Corp
DMC
$1.47B
| $1.15M | ﹤0.01% |
18,970
+5,281
| +39% | +$325K |
|
2166
ACI Worldwide
ACIW
$5.39B
| $1.15M | ﹤0.01% |
63,285
-126,636
| -67% | -$2.37M |
|
2167
Immersion
IMMR
$260M
| $1.15M | ﹤0.01% |
+107,978
| New | +$1.02M |
|
|
BBOX
2168
DELISTED
Black Box Corp
BBOX
| $1.15M | ﹤0.01% |
75,226
+30,580
| +68% | +$438K |
|
|
ENT
2169
DELISTED
Global Eagle Entertainment Inc.
ENT
| $1.14M | ﹤0.01% |
7,084
-2,041
| -22% | -$384K |
|
|
GRUB
2170
DELISTED
Just Eat Takeaway.com N.V. American Depositary Shares
GRUB
| $1.14M | ﹤0.01% |
15,162
-205,267
| -93% | -$15.8M |
|
|
LFC
2171
DELISTED
China Life Insurance Company Ltd.
LFC
| $1.14M | ﹤0.01% |
+88,161
| New | +$1.17M |
|
|
PRMW
2172
CALL
DELISTED
Primo Water Corporation
PRMW
| $1.13M | ﹤0.01% |
100,000
| – | – |
|
2173
Winnebago Industries
WGO
$875M
| $1.13M | ﹤0.01% |
35,727
-89,030
| -71% | -$2.77M |
|
|
VRNT
2174
DELISTED
Verint Systems
VRNT
| $1.13M | ﹤0.01% |
62,906
+32,222
| +105% | +$599K |
|
|
NOAH
2175
Noah Holdings
NOAH
$594M
| $1.13M | ﹤0.01% |
+51,477
| New | +$1.24M |
|
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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.