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 | |
|---|---|---|---|---|---|---|
526
Palo Alto Networks
PANW
$286B
| $38.6M | 0.05% |
1,128,138
-1,505,340
| -57% | -$50.2M |
|
527
Littelfuse
LFUS
$10.2B
| $38.5M | 0.05% |
+168,749
| New | +$36.2M |
|
528
CALL
Vale
VALE
$64B
| $38.5M | 0.05% |
+3,000,000
| New | +$41M |
|
529
Armstrong World Industries
AWI
$7.53B
| $38.3M | 0.05% |
605,227
-97,847
| -14% | -$5.83M |
|
|
PBCT
530
DELISTED
People's United Financial Inc
PBCT
| $38.1M | 0.05% |
2,107,785
+251,814
| +14% | +$4.68M |
|
531
G-III Apparel Group
GIII
$1.43B
| $38.1M | 0.05% |
858,570
-82,754
| -9% | -$3.36M |
|
532
Quest Diagnostics
DGX
$26.9B
| $38.1M | 0.05% |
346,268
+221,911
| +178% | +$23.1M |
|
533
Old Republic International
ORI
$10.1B
| $38M | 0.05% |
1,909,796
-2,104,210
| -52% | -$44M |
|
534
Southwest Gas
SWX
$6.49B
| $37.9M | 0.05% |
497,539
-173,776
| -26% | -$12.7M |
|
535
Waste Management
WM
$90.5B
| $37.8M | 0.05% |
464,587
-1,718,393
| -79% | -$142M |
|
536
Ascendis Pharma A/S
ASND
$16.5B
| $37.7M | 0.05% |
567,223
-98,504
| -15% | -$6.48M |
|
537
Cactus
WHD
$5.46B
| $37.7M | 0.05% |
1,116,599
-167,661
| -13% | -$5.18M |
|
538
PG&E
PCG
$39.9B
| $37.7M | 0.05% |
886,495
-647,184
| -42% | -$28.1M |
|
539
Graphic Packaging
GPK
$3.39B
| $37.6M | 0.05% |
2,594,683
-1,403,790
| -35% | -$20.8M |
|
540
AES
AES
$10.5B
| $37.6M | 0.05% |
2,804,802
-3,989,226
| -59% | -$49.1M |
|
541
CVR Energy
CVI
$3.82B
| $37.6M | 0.05% |
1,016,020
+995,373
| +4,821% | +$37.5M |
|
542
Smith & Nephew
SNN
$12.4B
| $37.6M | 0.05% |
1,001,182
-212,303
| -17% | -$7.89M |
|
|
EV
543
DELISTED
Eaton Vance Corp.
EV
| $37.6M | 0.05% |
719,552
+30,498
| +4% | +$1.68M |
|
544
Fomento Económico Mexicano
FMX
$41.6B
| $37.5M | 0.05% |
427,584
+53,188
| +14% | +$4.7M |
|
545
Papa John's
PZZA
$793M
| $37.5M | 0.05% |
738,746
-64,446
| -8% | -$3.62M |
|
546
BJs Wholesale Club
BJ
$12.6B
| $37.4M | 0.05% |
+1,580,992
| New | +$36.1M |
|
547
Brunswick
BC
$5.26B
| $37.3M | 0.05% |
579,017
-1,544,856
| -73% | -$96.4M |
|
548
MSC Industrial Direct
MSM
$6.66B
| $37.3M | 0.05% |
439,733
+33,992
| +8% | +$3.08M |
|
|
549
CALL
Bank of America
BAC
$436B
| $37.2M | 0.05% |
1,320,000
-746,500
| -36% | -$22.3M |
|
550
Bruker
BRKR
$8.68B
| $37.2M | 0.05% |
1,279,814
+168,597
| +15% | +$5.12M |
|
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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.