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 |
Keurig Dr Pepper
KDP
|
+$870M |
| 2 |
Amazon
AMZN
|
+$319M |
| 3 |
Automatic Data Processing
ADP
|
+$216M |
| 4 |
Evergy
EVRG
|
+$214M |
| 5 |
Chevron
CVX
|
+$207M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Bank of America
BAC
|
+$296M |
| 2 |
Mondelez International
MDLZ
|
+$235M |
| 3 |
Abbott
ABT
|
+$229M |
| 4 |
Lam Research
LRCX
|
+$189M |
| 5 |
American International
AIG
|
+$170M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 14.97% |
| 2 | Technology | 12.66% |
| 3 | Healthcare | 12.25% |
| 4 | Consumer Discretionary | 10.03% |
| 5 | Industrials | 9.68% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
251
Digital Realty Trust
DLR
$70.5B
| $77.9M | 0.1% |
698,187
+28,160
| +4% | +$2.99M |
|
252
RingCentral
RNG
$5.6B
| $77.8M | 0.1% |
1,105,389
+623,790
| +130% | +$44.6M |
|
253
PUT
iShares China Large-Cap ETF
FXI
$4.28B
| $77M | 0.1% |
+1,792,300
| New | +$83.8M |
|
254
Walmart Inc
WMT
$825B
| $76.5M | 0.1% |
2,679,363
+2,537,487
| +1,789% | +$72.1M |
|
255
CMS Energy
CMS
$21.4B
| $76.2M | 0.1% |
1,612,272
+790,201
| +96% | +$35.7M |
|
|
SYNH
256
DELISTED
Syneos Health, Inc. Class A Common Stock
SYNH
| $75.2M | 0.1% |
1,603,394
+493,467
| +44% | +$20.4M |
|
|
WBC
257
DELISTED
WABCO HOLDINGS INC.
WBC
| $75.2M | 0.1% |
642,369
-19,595
| -3% | -$2.49M |
|
258
XPO
XPO
$23.2B
| $74.6M | 0.1% |
2,153,062
-1,372,987
| -39% | -$49.8M |
|
259
US Foods
USFD
$23.7B
| $74.2M | 0.1% |
1,961,422
-2,219,560
| -53% | -$78.6M |
|
260
Ryman Hospitality Properties
RHP
$8.86B
| $74M | 0.1% |
890,028
+507,295
| +133% | +$41.1M |
|
261
LivaNova
LIVN
$4.34B
| $73.6M | 0.1% |
737,657
+20,179
| +3% | +$1.83M |
|
262
Travelers Companies
TRV
$75.8B
| $73.5M | 0.1% |
600,893
+521,397
| +656% | +$68.3M |
|
|
GHDX
263
DELISTED
Genomic Health, Inc.
GHDX
| $72.9M | 0.1% |
1,446,250
+802,513
| +125% | +$31.8M |
|
264
Incyte
INCY
$25.9B
| $72.7M | 0.09% |
1,085,033
+796,208
| +276% | +$54.4M |
|
|
VR
265
DELISTED
Validus Hold Ltd
VR
| $72.6M | 0.09% |
1,074,590
+997,776
| +1,299% | +$67.5M |
|
|
BERY
266
DELISTED
Berry Global Group, Inc.
BERY
| $72.5M | 0.09% |
1,718,895
-397,511
| -19% | -$18.4M |
|
267
H&R Block
HRB
$6.62B
| $72M | 0.09% |
3,162,665
+3,018,414
| +2,092% | +$80.1M |
|
|
VXX
268
PUT
DELISTED
iPath S&P 500 VIX Short-Term Futures ETN due 1/30/2019
VXX
| $71.8M | 0.09% |
1,940,000
-235,000
| -11% | -$9.09M |
|
269
Nektar Therapeutics
NKTR
$2.53B
| $71.7M | 0.09% |
97,906
+26,117
| +36% | +$30.1M |
|
270
Macy's
M
$6B
| $71.7M | 0.09% |
1,914,734
+627,037
| +49% | +$21M |
|
271
Pilgrim's Pride
PPC
$7.68B
| $71.4M | 0.09% |
3,547,393
+968,156
| +38% | +$20.8M |
|
272
Caesars Entertainment
CZR
$6.06B
| $71.4M | 0.09% |
1,825,582
+513,742
| +39% | +$21.2M |
|
273
Keysight
KEYS
$53.8B
| $71.2M | 0.09% |
1,206,271
+726,653
| +152% | +$40.4M |
|
274
Motorola Solutions
MSI
$79.5B
| $70.7M | 0.09% |
607,778
-507,078
| -45% | -$55.9M |
|
275
Jack in the Box
JACK
$331M
| $70.6M | 0.09% |
829,223
-210,107
| -20% | -$18.1M |
|
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Israel Englander's Q2 2018 Portfolio in Review
As of Q2 2018, Israel Englander held 4,494 positions worth $76.7B, up 2.3% from $74.9B the previous quarter. Its ten largest holdings account for 7.3% of the portfolio.
Israel Englander's Q2 2018 filing shows 911 new, 1,261 increased, 1,542 reduced and 746 closed positions. Its largest new stake was Evergy: 3,989,462 shares worth $224M. The largest sale was Bank of America, an estimated $296M.
By sector, the portfolio is most concentrated in Financials at 15% of assets, up from 14% a quarter earlier, followed by Technology and Healthcare.
- Israel Englander's largest Q2 2018 buy was Evergy: 3,989,462 shares worth $224M.
- Israel Englander added most to Keurig Dr Pepper in Q2 2018, an estimated $870M increase.
- Israel Englander's biggest Q2 2018 reduction was Bank of America, cutting an estimated $296M.
- Israel Englander fully exited American International in Q2 2018, selling an estimated $170M.
- Israel Englander's ten largest holdings make up 7.3% of its $76.7B portfolio in Q2 2018.
- Israel Englander opened 911 new positions and closed 746 in Q2 2018.
- Israel Englander's portfolio value rose 2.3% quarter-over-quarter to $76.7B.
Based on Millennium Management's 13F filing for Q2 2018, filed 14 Aug 2018.