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 | |
|---|---|---|---|---|---|---|
2351
Hallador Energy
HNRG
$766M
| $822K | ﹤0.01% |
90,378
+49,429
| +121% | +$434K |
|
2352
Fidelity National Financial
FNF
$12.7B
| $821K | ﹤0.01% |
34,803
-173,937
| -83% | -$4.17M |
|
2353
Liberty Media Series C
FWONK
$25.9B
| $821K | ﹤0.01% |
+27,110
| New | +$777K |
|
|
JOY
2354
DELISTED
Joy Global Inc
JOY
| $821K | ﹤0.01% |
+29,306
| New | +$819K |
|
2355
The RMR Group
RMR
$333M
| $820K | ﹤0.01% |
20,761
+7,460
| +56% | +$289K |
|
|
AMWD
2356
DELISTED
American Woodmark
AMWD
| $819K | ﹤0.01% |
10,880
-32,800
| -75% | -$2.53M |
|
|
STI
2357
DELISTED
SunTrust Banks, Inc.
STI
| $817K | ﹤0.01% |
+14,889
| New | +$744K |
|
2358
Summit Therapeutics
SMMT
$11.4B
| $815K | ﹤0.01% |
+95,172
| New | +$1.02M |
|
|
TWTR
2359
PUT
DELISTED
Twitter, Inc.
TWTR
| $815K | ﹤0.01% |
50,000
-445,000
| -90% | -$8.16M |
|
2360
Aptevo Therapeutics
APVO
$4.34M
| – | – |
0
| – | – |
|
2361
Primoris Services
PRIM
$4.21B
| $813K | ﹤0.01% |
+35,671
| New | +$784K |
|
|
BKCC
2362
DELISTED
BlackRock Capital Investment Corporation
BKCC
| $812K | ﹤0.01% |
116,700
+27,300
| +31% | +$205K |
|
2363
Franklin Covey
FC
$227M
| $811K | ﹤0.01% |
+40,228
| New | +$785K |
|
|
ADPT
2364
DELISTED
Adeptus Health Inc
ADPT
| $811K | ﹤0.01% |
106,102
+22,675
| +27% | +$417K |
|
|
ABTX
2365
DELISTED
Allegiance Bancshares
ABTX
| $809K | ﹤0.01% |
+22,375
| New | +$675K |
|
2366
Prothena Corp
PRTA
$475M
| $805K | ﹤0.01% |
+16,375
| New | +$904K |
|
|
WLB
2367
DELISTED
Westmoreland Coal Company
WLB
| $802K | ﹤0.01% |
45,377
-146,393
| -76% | -$2.04M |
|
|
HIL
2368
DELISTED
Hill International, Inc. Common Stock
HIL
| $800K | ﹤0.01% |
184,008
+162,168
| +743% | +$645K |
|
|
SHLD
2369
DELISTED
Sears Holding Corporation
SHLD
| $800K | ﹤0.01% |
86,160
-72,174
| -46% | -$823K |
|
2370
PUT
Five Below
FIVE
$14.2B
| $799K | ﹤0.01% |
+20,000
| New | +$787K |
|
2371
Intrepid Potash
IPI
$503M
| $797K | ﹤0.01% |
38,333
+5,593
| +17% | +$82.8K |
|
|
BCPC
2372
Balchem Corp
BCPC
$5.73B
| $796K | ﹤0.01% |
+9,487
| New | +$748K |
|
2373
iShares Russell 3000 ETF
IWV
$20.2B
| $795K | ﹤0.01% |
5,975
-1,012
| -14% | -$131K |
|
|
SPTN
2374
DELISTED
SpartanNash
SPTN
| $795K | ﹤0.01% |
20,115
-66,904
| -77% | -$2.24M |
|
2375
Titan Machinery
TITN
$438M
| $794K | ﹤0.01% |
+54,500
| New | +$650K |
|
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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.