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 | |
|---|---|---|---|---|---|---|
|
APC
26
DELISTED
Anadarko Petroleum
APC
| $239M | 0.31% |
3,260,090
-797,852
| -20% | -$54.1M |
|
27
Johnson & Johnson
JNJ
$651B
| $238M | 0.31% |
1,958,307
+1,032,162
| +111% | +$129M |
|
28
Intuitive Surgical
ISRG
$134B
| $237M | 0.31% |
1,486,548
+753,357
| +103% | +$115M |
|
29
Aramark
ARMK
$15.8B
| $234M | 0.31% |
8,753,002
+377
| +0% | +$10.4K |
|
30
Lennar Class A
LEN
$21B
| $232M | 0.3% |
4,571,325
+763,635
| +20% | +$40M |
|
31
American Express
AXP
$227B
| $228M | 0.3% |
2,329,094
+1,065,461
| +84% | +$105M |
|
32
M&T Bank
MTB
$34.7B
| $228M | 0.3% |
1,341,236
+527,556
| +65% | +$94.6M |
|
33
Wells Fargo
WFC
$254B
| $227M | 0.3% |
4,089,380
+1,863,357
| +84% | +$99.8M |
|
34
Zions Bancorporation
ZION
$9.95B
| $226M | 0.29% |
4,289,193
-531,758
| -11% | -$29.3M |
|
|
35
Evergy
EVRG
$18.7B
| $224M | 0.29% |
+3,989,462
| New | +$214M |
|
|
PXD
36
DELISTED
Pioneer Natural Resource Co.
PXD
| $223M | 0.29% |
1,177,458
-140,751
| -11% | -$27M |
|
37
Celanese
CE
$5.14B
| $223M | 0.29% |
2,005,758
+867,269
| +76% | +$95.7M |
|
|
SIVB
38
DELISTED
SVB Financial Group
SIVB
| $223M | 0.29% |
770,940
+371,684
| +93% | +$109M |
|
|
PPL
39
PPL Corp
PPL
$25.9B
| $220M | 0.29% |
7,689,015
+2,699,696
| +54% | +$74.7M |
|
40
Entergy
ETR
$48.8B
| $218M | 0.28% |
5,400,580
+2,797,784
| +107% | +$111M |
|
41
Comcast
CMCSA
$95.3B
| $207M | 0.27% |
6,297,062
+4,185,178
| +198% | +$136M |
|
42
Agilent Technologies
A
$44.9B
| $204M | 0.27% |
3,300,843
-1,009,131
| -23% | -$65.8M |
|
43
Pinnacle West Capital
PNW
$11.8B
| $201M | 0.26% |
2,496,216
+634,929
| +34% | +$49.7M |
|
44
ICU Medical
ICUI
$4.57B
| $199M | 0.26% |
679,349
+130,580
| +24% | +$35.7M |
|
45
Voya Financial
VOYA
$8.86B
| $199M | 0.26% |
4,234,687
+1,868,435
| +79% | +$96.7M |
|
46
Kroger
KR
$35.5B
| $198M | 0.26% |
6,969,288
+6,896,478
| +9,472% | +$173M |
|
47
Sherwin-Williams
SHW
$84.1B
| $198M | 0.26% |
1,458,537
+589,830
| +68% | +$76.3M |
|
48
Devon Energy
DVN
$54B
| $195M | 0.25% |
4,439,426
+3,119,940
| +236% | +$121M |
|
49
NRG Energy
NRG
$23.8B
| $191M | 0.25% |
6,217,762
+1,102,328
| +22% | +$35.6M |
|
|
XL
50
DELISTED
XL Group Ltd.
XL
| $190M | 0.25% |
3,396,349
+1,783,715
| +111% | +$99.3M |
|
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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.