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 | |
|---|---|---|---|---|---|---|
101
TechnipFMC
FTI
$30.4B
| $143M | 0.19% |
6,046,600
+1,631,271
| +37% | +$38.9M |
|
102
SM Energy
SM
$8.85B
| $142M | 0.18% |
5,514,768
-3,602,198
| -40% | -$84.2M |
|
|
CTRA
103
DELISTED
Coterra Energy
CTRA
| $142M | 0.18% |
5,947,652
+986,353
| +20% | +$23M |
|
104
American Electric Power
AEP
$65.8B
| $141M | 0.18% |
2,032,416
-66,451
| -3% | -$4.47M |
|
|
WPX
105
DELISTED
WPX Energy, Inc.
WPX
| $141M | 0.18% |
7,805,292
-1,432,041
| -16% | -$24.5M |
|
106
PVH
PVH
$3.62B
| $140M | 0.18% |
936,344
+507,641
| +118% | +$79.9M |
|
107
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$33.1B
| $140M | 0.18% |
1,221,928
+612,087
| +100% | +$70.5M |
|
108
State Street
STT
$51.4B
| $140M | 0.18% |
1,503,690
+658,719
| +78% | +$65.3M |
|
|
CTXS
109
DELISTED
Citrix Systems Inc
CTXS
| $140M | 0.18% |
1,331,695
+807,986
| +154% | +$83.2M |
|
110
Trane Technologies
TT
$99.8B
| $139M | 0.18% |
1,551,254
+876,468
| +130% | +$76.9M |
|
111
Goldman Sachs
GS
$303B
| $138M | 0.18% |
625,547
-373,985
| -37% | -$89.2M |
|
112
Darden Restaurants
DRI
$25.2B
| $138M | 0.18% |
1,287,465
+958,040
| +291% | +$87.7M |
|
113
Duke Energy
DUK
$93.4B
| $138M | 0.18% |
1,740,617
+328,285
| +23% | +$25.2M |
|
114
Hyatt Hotels
H
$17B
| $137M | 0.18% |
1,774,271
+65,138
| +4% | +$5.18M |
|
115
Teva Pharmaceuticals
TEVA
$43.5B
| $137M | 0.18% |
5,625,851
+5,549,041
| +7,224% | +$113M |
|
116
Chord Energy
CHRD
$8.09B
| $136M | 0.18% |
10,474,329
-710,052
| -6% | -$8.09M |
|
117
Baker Hughes
BKR
$61.9B
| $136M | 0.18% |
4,112,049
+3,450,049
| +521% | +$117M |
|
118
BP
BP
$115B
| $134M | 0.18% |
3,121,355
+2,458,696
| +371% | +$103M |
|
119
IQVIA
IQV
$42.8B
| $133M | 0.17% |
1,336,569
+1,149,139
| +613% | +$115M |
|
120
Cigna
CI
$73.3B
| $133M | 0.17% |
785,011
+207,121
| +36% | +$35.9M |
|
121
Dollar General
DG
$27.2B
| $133M | 0.17% |
1,345,577
+786,382
| +141% | +$75.6M |
|
122
Wintrust Financial
WTFC
$10.3B
| $133M | 0.17% |
1,523,131
+1,342,106
| +741% | +$123M |
|
123
Arthur J. Gallagher & Co
AJG
$67.6B
| $133M | 0.17% |
2,030,149
+1,170,683
| +136% | +$79.3M |
|
124
Mastercard
MA
$509B
| $132M | 0.17% |
673,465
-300,215
| -31% | -$56.4M |
|
125
AT&T
T
$173B
| $131M | 0.17% |
+5,407,023
| New | +$136M |
|
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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.