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 | |
|---|---|---|---|---|---|---|
151
S&P Global
SPGI
$127B
| $117M | 0.15% |
574,007
-34,192
| -6% | -$6.75M |
|
152
Public Service Enterprise Group
PEG
$36.2B
| $116M | 0.15% |
2,143,225
+195,140
| +10% | +$10M |
|
153
Norfolk Southern
NSC
$78.8B
| $116M | 0.15% |
768,249
+65,551
| +9% | +$9.58M |
|
154
Essex Property Trust
ESS
$18.6B
| $115M | 0.15% |
482,496
+481,377
| +43,018% | +$115M |
|
155
PUT
State Street Industrial Select Sector SPDR ETF
XLI
$33.8B
| $115M | 0.15% |
1,600,000
+592,600
| +59% | +$43.9M |
|
|
AET
156
PUT
DELISTED
Aetna Inc
AET
| $114M | 0.15% |
623,500
| – | – |
|
157
Kraft Heinz
KHC
$30.3B
| $114M | 0.15% |
1,820,729
+217,502
| +14% | +$12.9M |
|
158
Bunge Global
BG
$21.7B
| $113M | 0.15% |
1,627,964
-342,105
| -17% | -$24.5M |
|
159
Sarepta Therapeutics
SRPT
$1.98B
| $113M | 0.15% |
858,407
+507,588
| +145% | +$47.9M |
|
160
Axalta
AXTA
$7.75B
| $113M | 0.15% |
3,736,910
+893,979
| +31% | +$28M |
|
161
Delek US
DK
$4.38B
| $113M | 0.15% |
2,255,485
-1,083,943
| -32% | -$53.9M |
|
162
Vertex Pharmaceuticals
VRTX
$139B
| $113M | 0.15% |
663,597
+95,048
| +17% | +$14.7M |
|
163
TJX Companies
TJX
$155B
| $111M | 0.14% |
2,332,098
-2,978,688
| -56% | -$131M |
|
164
Gaming and Leisure Properties
GLPI
$12.7B
| $110M | 0.14% |
3,084,735
+582,081
| +23% | +$20.2M |
|
165
Yum! Brands
YUM
$41.8B
| $110M | 0.14% |
1,404,786
+1,148,364
| +448% | +$95.8M |
|
166
Ralph Lauren
RL
$22.2B
| $110M | 0.14% |
874,008
+278,524
| +47% | +$33.8M |
|
167
Cummins
CMI
$80.9B
| $110M | 0.14% |
824,724
+88,098
| +12% | +$13.2M |
|
168
Thermo Fisher Scientific
TMO
$233B
| $110M | 0.14% |
529,256
-70,367
| -12% | -$14.9M |
|
169
CALL
NXP Semiconductors
NXPI
$56.9B
| $109M | 0.14% |
996,000
+946,000
| +1,892% | +$104M |
|
170
Gilead Sciences
GILD
$181B
| $109M | 0.14% |
1,533,306
+171,621
| +13% | +$12.1M |
|
|
SBNY
171
DELISTED
Signature Bank
SBNY
| $108M | 0.14% |
843,815
+632,944
| +300% | +$83M |
|
172
General Motors
GM
$77.2B
| $108M | 0.14% |
2,738,645
-165,941
| -6% | -$6.53M |
|
|
173
Mondelez International
MDLZ
$82.3B
| $108M | 0.14% |
2,630,019
-5,840,966
| -69% | -$235M |
|
174
Cisco
CSCO
$438B
| $106M | 0.14% |
2,468,633
-335,142
| -12% | -$14.6M |
|
175
Broadcom
AVGO
$1.75T
| $106M | 0.14% |
+4,376,160
| New | +$107M |
|
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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.