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 | |
|---|---|---|---|---|---|---|
726
Cheesecake Factory
CAKE
$5.7B
| $25.6M | 0.03% |
465,131
+77,026
| +20% | +$4.08M |
|
727
Progress Software
PRGS
$1.78B
| $25.6M | 0.03% |
659,590
-101,184
| -13% | -$3.84M |
|
|
ALXN
728
DELISTED
Alexion Pharmaceuticals
ALXN
| $25.6M | 0.03% |
206,242
-724,889
| -78% | -$84.7M |
|
729
Coherent
COHR
$53.9B
| $25.6M | 0.03% |
588,559
-1,229,856
| -68% | -$54.3M |
|
730
Encore Capital Group
ECPG
$2.19B
| $25.5M | 0.03% |
697,362
+155,105
| +29% | +$6.52M |
|
731
CALL
Merck
MRK
$372B
| $25.5M | 0.03% |
440,160
+94,320
| +27% | +$5.32M |
|
732
CALL
Vertex Pharmaceuticals
VRTX
$139B
| $25.5M | 0.03% |
150,000
+73,100
| +95% | +$11.3M |
|
|
DNR
733
DELISTED
Denbury Resources, Inc.
DNR
| $25.4M | 0.03% |
5,290,254
+873,707
| +20% | +$3.28M |
|
|
CELG
734
CALL
DELISTED
Celgene Corp
CELG
| $25.4M | 0.03% |
320,000
+220,000
| +220% | +$18.3M |
|
735
CALL
Cleveland-Cliffs
CLF
$6.45B
| $25.3M | 0.03% |
+3,000,000
| New | +$23.9M |
|
736
PUT
VanEck Oil Services ETF
OIH
$1.94B
| $25.2M | 0.03% |
+48,000
| New | +$25.7M |
|
737
Tronox
TROX
$861M
| $25.2M | 0.03% |
1,280,258
-1,593,502
| -55% | -$29.7M |
|
|
AUY
738
DELISTED
Yamana Gold, Inc.
AUY
| $25.2M | 0.03% |
8,686,504
+1,017,207
| +13% | +$2.96M |
|
739
uniQure
QURE
$3.29B
| $25.2M | 0.03% |
666,171
-93,414
| -12% | -$2.99M |
|
|
USG
740
DELISTED
Usg
USG
| $25.2M | 0.03% |
583,689
+239,367
| +70% | +$9.94M |
|
741
Regeneron Pharmaceuticals
REGN
$85.3B
| $25.2M | 0.03% |
72,915
-129,431
| -64% | -$40.5M |
|
742
Viatris
VTRS
$19B
| $25.1M | 0.03% |
694,631
-2,119,229
| -75% | -$83.1M |
|
743
CALL
Johnson Controls International
JCI
$86.6B
| $25.1M | 0.03% |
+750,000
| New | +$26.1M |
|
744
Spectrum Brands
SPB
$2.03B
| $25M | 0.03% |
306,218
-240,055
| -44% | -$20.2M |
|
745
argenx
ARGX
$63.3B
| $24.7M | 0.03% |
298,621
-533,555
| -64% | -$47.7M |
|
746
Capital One
COF
$133B
| $24.7M | 0.03% |
269,135
-1,282,830
| -83% | -$121M |
|
|
BNFT
747
DELISTED
Benefitfocus, Inc.
BNFT
| $24.7M | 0.03% |
735,496
+651,532
| +776% | +$20.4M |
|
|
TSG
748
DELISTED
The Stars Group Inc.
TSG
| $24.6M | 0.03% |
+679,047
| New | +$22.6M |
|
749
Globe Life
GL
$13.3B
| $24.6M | 0.03% |
302,176
+227,566
| +305% | +$19.3M |
|
750
Kennametal
KMT
$2.23B
| $24.6M | 0.03% |
684,215
+504,416
| +281% | +$19.4M |
|
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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.