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 | |
|---|---|---|---|---|---|---|
1
PG&E
PCG
$38.8B
| $429M | 0.9% |
7,053,077
+678,632
| +11% | +$40.7M |
|
|
2
American Electric Power
AEP
$65.8B
| $397M | 0.83% |
6,300,128
+2,821,437
| +81% | +$174M |
|
|
APC
3
DELISTED
Anadarko Petroleum
APC
| $336M | 0.7% |
4,817,145
+1,075,555
| +29% | +$69.9M |
|
|
BNY
4
Bank of New York Mellon
BNY
$108B
| $306M | 0.64% |
6,454,456
+4,211,044
| +188% | +$190M |
|
5
CMS Energy
CMS
$21.4B
| $281M | 0.59% |
6,761,822
-682,510
| -9% | -$27.9M |
|
6
Pinnacle West Capital
PNW
$11.8B
| $280M | 0.59% |
3,585,057
+117,946
| +3% | +$8.84M |
|
7
Merck
MRK
$376B
| $278M | 0.58% |
4,948,843
-751,674
| -13% | -$44M |
|
8
Bank of America
BAC
$431B
| $274M | 0.57% |
12,392,912
-1,576,016
| -11% | -$30.4M |
|
9
Devon Energy
DVN
$54B
| $251M | 0.53% |
5,491,437
-1,516,857
| -22% | -$67M |
|
10
Walt Disney
DIS
$186B
| $236M | 0.49% |
2,262,445
+1,378,066
| +156% | +$134M |
|
|
EGN
11
DELISTED
Energen
EGN
| $223M | 0.47% |
3,868,124
+385,655
| +11% | +$22M |
|
12
Micron Technology
MU
$1.09T
| $220M | 0.46% |
10,055,840
+2,322,862
| +30% | +$43.6M |
|
|
13
NextEra Energy
NEE
$174B
| $211M | 0.44% |
7,057,700
+5,086,056
| +258% | +$152M |
|
14
Bristol-Myers Squibb
BMY
$137B
| $209M | 0.44% |
3,574,949
+1,478,257
| +71% | +$80.8M |
|
|
QEP
15
DELISTED
QEP RESOURCES, INC.
QEP
| $206M | 0.43% |
11,164,611
+7,834,078
| +235% | +$142M |
|
16
Molson Coors Class B
TAP
$8.01B
| $205M | 0.43% |
2,110,707
+873,994
| +71% | +$89.2M |
|
17
Xcel Energy
XEL
$47.7B
| $204M | 0.43% |
5,016,152
+1,290,748
| +35% | +$51.6M |
|
18
Williams Companies
WMB
$86.2B
| $204M | 0.43% |
6,540,908
-579,213
| -8% | -$17.5M |
|
|
19
Lowe's Companies
LOW
$121B
| $203M | 0.43% |
2,857,256
+2,582,691
| +941% | +$183M |
|
20
Costco
COST
$420B
| $200M | 0.42% |
1,248,770
+834,756
| +202% | +$127M |
|
|
PE
21
DELISTED
PARSLEY ENERGY INC
PE
| $197M | 0.41% |
5,590,534
+1,885,592
| +51% | +$66.8M |
|
|
K
22
DELISTED
Kellanova
K
| $189M | 0.4% |
2,733,193
+689,683
| +34% | +$48M |
|
23
Marathon Petroleum
MPC
$101B
| $180M | 0.38% |
3,572,830
-1,567,671
| -30% | -$71.2M |
|
24
Delta Air Lines
DAL
$54.2B
| $179M | 0.38% |
3,644,975
+1,878,354
| +106% | +$85.6M |
|
25
Agilent Technologies
A
$44.9B
| $179M | 0.38% |
3,933,538
+573,705
| +17% | +$26M |
|
Similar funds
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.