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 | |
|---|---|---|---|---|---|---|
|
DNB
501
DELISTED
Dun & Bradstreet
DNB
| $40.6M | 0.05% |
331,176
+53,160
| +19% | +$6.47M |
|
502
Chemed
CHE
$7.08B
| $40.4M | 0.05% |
+125,495
| New | +$39.3M |
|
503
Reliance Steel & Aluminium
RS
$19.5B
| $40.4M | 0.05% |
461,240
+288,069
| +166% | +$26.2M |
|
504
First Citizens BancShares
FCNCA
$24.7B
| $40.3M | 0.05% |
99,872
+99,114
| +13,076% | +$42.7M |
|
505
W.W. Grainger
GWW
$62.3B
| $40.3M | 0.05% |
130,538
-152,965
| -54% | -$45.7M |
|
506
Quanta Services
PWR
$92.7B
| $40.1M | 0.05% |
1,200,526
+1,054,653
| +723% | +$36.9M |
|
507
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
$3.79B
| $40.1M | 0.05% |
232,755
+40,218
| +21% | +$6.48M |
|
508
BorgWarner
BWA
$13.1B
| $40M | 0.05% |
1,051,946
+471,192
| +81% | +$20.8M |
|
509
Monolithic Power Systems
MPWR
$63.2B
| $39.9M | 0.05% |
+298,805
| New | +$38.1M |
|
|
MLNX
510
DELISTED
Mellanox Technologies, Ltd.
MLNX
| $39.9M | 0.05% |
473,564
+101,848
| +27% | +$8.34M |
|
|
RWT
511
Redwood Trust
RWT
$598M
| $39.9M | 0.05% |
2,421,753
-291,671
| -11% | -$4.68M |
|
512
Autodesk
ADSK
$53.7B
| $39.9M | 0.05% |
304,071
-211,237
| -41% | -$28M |
|
513
M/I Homes
MHO
$3.84B
| $39.8M | 0.05% |
1,504,794
+119,034
| +9% | +$3.55M |
|
|
LPT
514
DELISTED
Liberty Property Trust
LPT
| $39.7M | 0.05% |
896,059
-251,931
| -22% | -$10.7M |
|
515
Jefferies Financial Group
JEF
$12B
| $39.7M | 0.05% |
1,950,427
-2,892,151
| -60% | -$60.6M |
|
|
BKI
516
DELISTED
Black Knight, Inc. Common Stock
BKI
| $39.6M | 0.05% |
739,065
+370,361
| +100% | +$18.6M |
|
|
FL
517
PUT
DELISTED
Foot Locker
FL
| $39.5M | 0.05% |
+750,000
| New | +$36.3M |
|
|
BDN
518
Brandywine Realty Trust
BDN
$548M
| $39.4M | 0.05% |
2,331,232
+378,983
| +19% | +$6.08M |
|
519
Olin
OLN
$2B
| $39.3M | 0.05% |
1,368,673
-1,486,807
| -52% | -$46.2M |
|
520
PUT
Apple
AAPL
$4.53T
| $39M | 0.05% |
842,400
-5,201,600
| -86% | -$236M |
|
521
Boise Cascade
BCC
$2.87B
| $39M | 0.05% |
871,939
+73,805
| +9% | +$3.24M |
|
522
Ingredion
INGR
$6.69B
| $38.8M | 0.05% |
350,601
+169,995
| +94% | +$20M |
|
523
Simon Property Group
SPG
$71.4B
| $38.8M | 0.05% |
228,027
-458,758
| -67% | -$73M |
|
524
CVS Health
CVS
$120B
| $38.8M | 0.05% |
602,231
-2,042,850
| -77% | -$135M |
|
525
Box
BOX
$4.64B
| $38.7M | 0.05% |
1,547,165
-1,265,365
| -45% | -$31.4M |
|
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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.