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 | |
|---|---|---|---|---|---|---|
|
AABA
1
DELISTED
Altaba Inc
AABA
| $1.47B | 1.92% |
20,092,929
-332,684
| -2% | -$24.9M |
|
|
2
Keurig Dr Pepper
KDP
$43.6B
| $946M | 1.23% |
7,752,867
+7,246,614
| +1,431% | +$870M |
|
3
CALL
State Street SPDR S&P 500 ETF Trust
SPY
$809B
| $463M | 0.6% |
1,705,000
+1,181,200
| +226% | +$319M |
|
|
CMA
4
DELISTED
Comerica
CMA
| $455M | 0.59% |
5,002,782
+1,204,882
| +32% | +$115M |
|
|
5
Amazon
AMZN
$2.79T
| $454M | 0.59% |
5,339,100
+4,021,000
| +305% | +$319M |
|
6
Apple
AAPL
$4.51T
| $388M | 0.51% |
8,382,216
+4,039,592
| +93% | +$183M |
|
|
MRO
7
DELISTED
Marathon Oil Corporation
MRO
| $360M | 0.47% |
17,240,161
-4,519,664
| -21% | -$89.1M |
|
8
Regions Financial
RF
$25.9B
| $351M | 0.46% |
19,743,411
+6,813,530
| +53% | +$128M |
|
|
ETFC
9
DELISTED
E*Trade Financial Corporation
ETFC
| $347M | 0.45% |
5,669,436
+395,518
| +7% | +$24.5M |
|
10
Medtronic
MDT
$119B
| $339M | 0.44% |
3,955,706
+714,633
| +22% | +$59.7M |
|
11
CSX Corp
CSX
$95.6B
| $309M | 0.4% |
14,541,675
+807,930
| +6% | +$16.6M |
|
|
AET
12
DELISTED
Aetna Inc
AET
| $309M | 0.4% |
1,682,723
+109,371
| +7% | +$19.5M |
|
13
ConocoPhillips
COP
$162B
| $298M | 0.39% |
4,285,325
+148,939
| +4% | +$9.92M |
|
|
14
Automatic Data Processing
ADP
$112B
| $298M | 0.39% |
2,221,504
+1,703,162
| +329% | +$216M |
|
15
Microsoft
MSFT
$3.59T
| $290M | 0.38% |
2,942,089
+1,841,006
| +167% | +$178M |
|
16
KeyCorp
KEY
$23.3B
| $274M | 0.36% |
14,025,846
+6,540,895
| +87% | +$131M |
|
|
EA
17
DELISTED
Electronic Arts
EA
| $270M | 0.35% |
1,915,727
+757,302
| +65% | +$98.3M |
|
18
Meta Platforms (Facebook)
META
$1.4T
| $269M | 0.35% |
1,385,039
-362,407
| -21% | -$65.5M |
|
|
COL
19
DELISTED
Rockwell Collins
COL
| $264M | 0.34% |
1,962,367
+1,034,901
| +112% | +$140M |
|
|
TIF
20
DELISTED
Tiffany & Co.
TIF
| $257M | 0.34% |
1,955,023
+876,176
| +81% | +$100M |
|
|
21
Chevron
CVX
$403B
| $255M | 0.33% |
2,015,778
+1,667,339
| +479% | +$207M |
|
|
22
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$809B
| $254M | 0.33% |
934,500
-262,800
| -22% | -$71M |
|
23
AbbVie
ABBV
$468B
| $251M | 0.33% |
2,711,112
+1,864,703
| +220% | +$182M |
|
24
Honeywell
HON
$68.4B
| $241M | 0.31% |
1,848,258
+989,427
| +115% | +$132M |
|
25
Boston Scientific
BSX
$73B
| $240M | 0.31% |
7,343,974
-4,343,668
| -37% | -$131M |
|
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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.