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 | |
|---|---|---|---|---|---|---|
76
Alphabet (Google) Class A
GOOGL
$4.22T
| $161M | 0.21% |
2,853,480
+1,543,580
| +118% | +$84M |
|
77
Merck
MRK
$376B
| $160M | 0.21% |
2,770,143
+281,274
| +11% | +$15.9M |
|
78
Estee Lauder
EL
$36.9B
| $160M | 0.21% |
1,120,085
+761,655
| +212% | +$113M |
|
79
Morgan Stanley
MS
$336B
| $160M | 0.21% |
3,365,946
+3,146,208
| +1,432% | +$164M |
|
80
Oneok
OKE
$58.8B
| $159M | 0.21% |
2,275,744
+160,265
| +8% | +$10.3M |
|
81
Cheniere Energy
LNG
$57.3B
| $158M | 0.21% |
2,429,696
+452,718
| +23% | +$27.9M |
|
82
Vulcan Materials
VMC
$35.8B
| $157M | 0.2% |
1,214,210
+823,657
| +211% | +$102M |
|
83
Hartford Financial Services
HIG
$36.9B
| $156M | 0.2% |
3,049,526
+1,681,844
| +123% | +$88.1M |
|
84
Prologis
PLD
$135B
| $156M | 0.2% |
2,369,117
+1,802,477
| +318% | +$116M |
|
85
Visa
V
$693B
| $155M | 0.2% |
1,170,990
-67,474
| -5% | -$8.68M |
|
86
DexCom
DXCM
$34.8B
| $155M | 0.2% |
6,507,668
+2,789,752
| +75% | +$59.1M |
|
87
Regency Centers
REG
$13.9B
| $154M | 0.2% |
2,487,328
+1,358,035
| +120% | +$79.7M |
|
|
GGP
88
DELISTED
GGP Inc.
GGP
| $154M | 0.2% |
7,525,727
+7,345,126
| +4,067% | +$149M |
|
89
Illumina
ILMN
$33.1B
| $153M | 0.2% |
564,328
+387,847
| +220% | +$98.7M |
|
90
Bankunited
BKU
$3.3B
| $151M | 0.2% |
3,703,524
+893,857
| +32% | +$37.1M |
|
91
Intercontinental Exchange
ICE
$90.5B
| $151M | 0.2% |
2,055,613
+1,992,577
| +3,161% | +$145M |
|
92
Dominion Energy
D
$58.6B
| $150M | 0.2% |
2,199,277
+92,243
| +4% | +$6.01M |
|
|
UMPQ
93
DELISTED
Umpqua Holdings Corp
UMPQ
| $150M | 0.2% |
6,623,228
+617,077
| +10% | +$14.4M |
|
94
Occidental Petroleum
OXY
$61.3B
| $149M | 0.2% |
1,786,426
-512,207
| -22% | -$40.9M |
|
95
Progressive
PGR
$127B
| $149M | 0.19% |
2,518,308
+1,599,598
| +174% | +$97.9M |
|
96
Union Pacific
UNP
$183B
| $148M | 0.19% |
1,043,515
+111,385
| +12% | +$15.5M |
|
97
Western Alliance Bancorporation
WAL
$8.69B
| $147M | 0.19% |
2,599,584
+144,811
| +6% | +$8.68M |
|
98
HF Sinclair
DINO
$17.3B
| $147M | 0.19% |
2,148,646
+595,839
| +38% | +$39.7M |
|
99
Allstate
ALL
$64.2B
| $145M | 0.19% |
1,589,586
+802,167
| +102% | +$76.2M |
|
|
X
100
CALL
DELISTED
US Steel
X
| $143M | 0.19% |
4,125,000
+145,000
| +4% | +$5.19M |
|
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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.