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 | |
|---|---|---|---|---|---|---|
|
DNR
801
PUT
DELISTED
Denbury Resources, Inc.
DNR
| $21.6M | 0.03% |
+4,500,000
| New | +$16.9M |
|
802
Avery Dennison
AVY
$13.9B
| $21.6M | 0.03% |
211,855
+98,045
| +86% | +$10.4M |
|
803
TripAdvisor
TRIP
$1.19B
| $21.6M | 0.03% |
388,119
+265,779
| +217% | +$12.7M |
|
804
Verisk Analytics
VRSK
$24.7B
| $21.6M | 0.03% |
200,331
-192,337
| -49% | -$20.5M |
|
805
Usana Health Sciences
USNA
$251M
| $21.6M | 0.03% |
186,974
+102,529
| +121% | +$11.2M |
|
806
PUT
J.M. Smucker
SJM
$13.5B
| $21.5M | 0.03% |
+200,000
| New | +$22.5M |
|
807
Synaptics
SYNA
$3.66B
| $21.4M | 0.03% |
425,432
+120,346
| +39% | +$5.46M |
|
808
Coca-Cola Femsa
KOF
$24.1B
| $21.4M | 0.03% |
379,588
+86,558
| +30% | +$5.3M |
|
809
Commault Systems
CVLT
$5.43B
| $21.4M | 0.03% |
325,254
+160,419
| +97% | +$11M |
|
810
Warner Bros
WBD
$72B
| $21.4M | 0.03% |
778,443
-1,309,622
| -63% | -$31.2M |
|
811
Teladoc Health
TDOC
$1.13B
| $21.4M | 0.03% |
368,597
+97,972
| +36% | +$4.78M |
|
812
CBRE Group
CBRE
$44B
| $21.4M | 0.03% |
447,932
-1,701,261
| -79% | -$80.5M |
|
813
Trimble
TRMB
$14.1B
| $21.4M | 0.03% |
650,744
+208,488
| +47% | +$7.23M |
|
814
Cleveland-Cliffs
CLF
$6.45B
| $21.4M | 0.03% |
2,534,255
-5,799,155
| -70% | -$46.2M |
|
|
ZAYO
815
DELISTED
Zayo Group Holdings, Inc.
ZAYO
| $21.3M | 0.03% |
584,851
-1,198,598
| -67% | -$42.7M |
|
816
CALL
Eli Lilly
LLY
$1.11T
| $21.3M | 0.03% |
+250,000
| New | +$20.5M |
|
817
Vornado Realty Trust
VNO
$7.26B
| $21.2M | 0.03% |
+287,374
| New | +$19.9M |
|
|
PGRE
818
DELISTED
Paramount Group
PGRE
| $21.2M | 0.03% |
+1,373,802
| New | +$20.3M |
|
819
Mammoth Energy Services
TUSK
$150M
| $21.1M | 0.03% |
622,038
+68,786
| +12% | +$2.42M |
|
820
Cullen/Frost Bankers
CFR
$10.2B
| $21.1M | 0.03% |
+194,836
| New | +$22M |
|
821
Herc Holdings
HRI
$5.28B
| $21.1M | 0.03% |
374,254
+66,607
| +22% | +$3.89M |
|
822
CALL
AstraZeneca
AZN
$259B
| $21.1M | 0.03% |
+300,000
| New | +$21.6M |
|
823
Brady Corp
BRC
$4.45B
| $21M | 0.03% |
546,006
-48,073
| -8% | -$1.85M |
|
|
MDRX
824
DELISTED
Veradigm Inc. Common Stock
MDRX
| $21M | 0.03% |
1,751,829
+913,036
| +109% | +$11.3M |
|
825
Cathay General Bancorp
CATY
$4.16B
| $21M | 0.03% |
518,770
-36,533
| -7% | -$1.51M |
|
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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.