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 | |
|---|---|---|---|---|---|---|
201
Stanley Black & Decker
SWK
$15.1B
| $62.5M | 0.13% |
545,247
+528,223
| +3,103% | +$62.9M |
|
|
TSE
202
DELISTED
Trinseo
TSE
| $62.5M | 0.13% |
1,053,620
+612,839
| +139% | +$34.4M |
|
203
Mastercard
MA
$509B
| $62.4M | 0.13% |
604,529
+418,272
| +225% | +$43.3M |
|
204
UnitedHealth
UNH
$350B
| $62M | 0.13% |
387,603
-4,755
| -1% | -$710K |
|
205
Parker-Hannifin
PH
$126B
| $61.8M | 0.13% |
441,764
+10,730
| +2% | +$1.43M |
|
|
BHI
206
DELISTED
Baker Hughes
BHI
| $61.5M | 0.13% |
946,380
-2,409,680
| -72% | -$143M |
|
207
Intuitive Surgical
ISRG
$134B
| $60.8M | 0.13% |
863,037
-1,459,980
| -63% | -$107M |
|
208
Emerson Electric
EMR
$87.7B
| $60.7M | 0.13% |
1,088,311
+1,080,453
| +13,750% | +$58.1M |
|
|
ETP
209
DELISTED
Energy Transfer Partners L.p.
ETP
| $60.5M | 0.13% |
1,689,244
+1,562,841
| +1,236% | +$55.7M |
|
|
HOUS
210
DELISTED
Anywhere Real Estate
HOUS
| $60.4M | 0.13% |
2,345,512
+429,277
| +22% | +$10.6M |
|
211
Textron
TXT
$14.3B
| $60.3M | 0.13% |
+1,241,373
| New | +$54.1M |
|
212
Celanese
CE
$5.14B
| $60.1M | 0.13% |
763,028
+100,819
| +15% | +$7.58M |
|
213
Expedia Group
EXPE
$38.6B
| $59.6M | 0.12% |
+526,425
| New | +$64.2M |
|
214
Delek US
DK
$4.38B
| $59.3M | 0.12% |
2,464,338
-1,245,990
| -34% | -$24.4M |
|
215
First Horizon
FHN
$11.7B
| $59.1M | 0.12% |
2,954,739
-2,648,127
| -47% | -$46.6M |
|
|
MSCC
216
DELISTED
Microsemi Corp
MSCC
| $58.8M | 0.12% |
1,090,024
+844,050
| +343% | +$41.2M |
|
217
SL Green Realty
SLG
$4.07B
| $57.9M | 0.12% |
556,060
+443,393
| +394% | +$45M |
|
|
PXD
218
DELISTED
Pioneer Natural Resource Co.
PXD
| $57.7M | 0.12% |
320,309
-657,885
| -67% | -$121M |
|
219
Medtronic
MDT
$119B
| $57.6M | 0.12% |
808,440
+49,725
| +7% | +$3.91M |
|
|
HDS
220
DELISTED
HD Supply Holdings, Inc.
HDS
| $57.5M | 0.12% |
1,353,069
+985,326
| +268% | +$36.3M |
|
|
AF
221
DELISTED
Astoria Financial Corporation
AF
| $57.5M | 0.12% |
+3,082,011
| New | +$49.1M |
|
222
Norfolk Southern
NSC
$78.8B
| $56.9M | 0.12% |
526,839
+356,653
| +210% | +$36M |
|
223
Raymond James Financial
RJF
$33.7B
| $56.7M | 0.12% |
1,228,854
+1,108,246
| +919% | +$49M |
|
224
Kilroy Realty
KRC
$4.25B
| $56.6M | 0.12% |
772,977
-558,107
| -42% | -$39.9M |
|
225
Home Depot
HD
$335B
| $56.1M | 0.12% |
418,303
-539,890
| -56% | -$69.6M |
|
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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.