Millennium Management Portfolio holdings
Millennium Management, founded in 1989 by Israel (Izzy) Englander and Ronald Shear and headquartered in New York City, is a global multi-strategy hedge fund managing over $71 billion in assets as of late 2024, employing a decentralized model with over 300 independent trading teams. Operating across equities, fixed income, commodities, currencies, and derivatives, the firm uses a mix of quantitative and fundamental strategies, providing its portfolio managers with capital, infrastructure, and autonomy to pursue diverse investment approaches while enforcing strict risk management. With more than 5,400 employees across offices in London, Hong Kong, Singapore, and beyond, Millennium has evolved from its initial $35 million seed capital—partly from the Belzberg family—into a titan of the hedge fund world, known for its ability to attract top talent and deliver consistent returns. Under Englander’s leadership as chairman and CEO, the firm remains a low-profile yet highly influential force in global finance.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Fortive
FTV
|
+$1.39B |
| 2 |
ANDV
Andeavor
ANDV
|
+$1B |
| 3 |
Citigroup
C
|
+$332M |
| 4 |
Apple
AAPL
|
+$307M |
| 5 |
Oracle
ORCL
|
+$228M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
AABA
Altaba Inc
AABA
|
+$579M |
| 2 |
Electronic Arts
EA
|
+$233M |
| 3 |
Keurig Dr Pepper
KDP
|
+$215M |
| 4 |
APC
Anadarko Petroleum
APC
|
+$206M |
| 5 |
XL
XL Group Ltd.
XL
|
+$190M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 13.4% |
| 2 | Financials | 12.54% |
| 3 | Healthcare | 11.73% |
| 4 | Consumer Discretionary | 9.48% |
| 5 | Industrials | 9.28% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
226
Magnolia Oil & Gas
MGY
$5.83B
| $86.9M | 0.11% |
5,787,482
+3,024,627
| +109% | +$39.5M |
|
227
Quanta Services
PWR
$93.9B
| $86.7M | 0.11% |
2,596,547
+1,396,021
| +116% | +$47.5M |
|
|
PRMW
228
DELISTED
Primo Water Corporation
PRMW
| $86.6M | 0.11% |
5,360,480
+79,679
| +2% | +$1.26M |
|
229
Bloomin' Brands
BLMN
$680M
| $86.5M | 0.11% |
4,371,282
+1,134,106
| +35% | +$22.1M |
|
230
PUT
State Street Industrial Select Sector SPDR ETF
XLI
$33.9B
| $86.2M | 0.11% |
1,098,900
-501,100
| -31% | -$38.2M |
|
231
Eli Lilly
LLY
$1.07T
| $86.1M | 0.11% |
802,147
+10,907
| +1% | +$1.09M |
|
232
NXP Semiconductors
NXPI
$68B
| $85.7M | 0.11% |
1,002,095
-649,557
| -39% | -$62.3M |
|
233
Tenaris
TS
$29.1B
| $85.4M | 0.1% |
2,546,956
-679,033
| -21% | -$23.6M |
|
234
Western Alliance Bancorporation
WAL
$9.07B
| $84.9M | 0.1% |
1,492,527
-1,107,057
| -43% | -$63.8M |
|
235
Amgen
AMGN
$203B
| $84.7M | 0.1% |
408,641
+84,242
| +26% | +$16.6M |
|
236
Graphic Packaging
GPK
$3.26B
| $84.5M | 0.1% |
6,032,940
+3,438,257
| +133% | +$49.6M |
|
237
Cardinal Health
CAH
$53.4B
| $84.4M | 0.1% |
1,563,597
-455,717
| -23% | -$23.3M |
|
238
Essex Property Trust
ESS
$18.9B
| $84.2M | 0.1% |
341,454
-141,042
| -29% | -$34M |
|
|
ULTI
239
DELISTED
Ultimate Software Group Inc
ULTI
| $84M | 0.1% |
260,627
+75,855
| +41% | +$22.4M |
|
240
Pultegroup
PHM
$24.5B
| $83.9M | 0.1% |
3,387,472
-20,582
| -0.6% | -$583K |
|
241
Hewlett Packard
HPE
$63.2B
| $83.1M | 0.1% |
5,097,514
+2,239,609
| +78% | +$35.9M |
|
|
AHL
242
DELISTED
ASPEN Insurance Holding Limited
AHL
| $83M | 0.1% |
1,986,448
+53,004
| +3% | +$2.12M |
|
243
American Airlines Group
AAL
$9.58B
| $82.9M | 0.1% |
2,006,471
+195,277
| +11% | +$7.63M |
|
244
Ametek
AME
$55.5B
| $82.8M | 0.1% |
1,046,946
-600,360
| -36% | -$46M |
|
245
Charter Communications
CHTR
$14.7B
| $82.2M | 0.1% |
252,368
+232,533
| +1,172% | +$71M |
|
246
Costco
COST
$415B
| $82.1M | 0.1% |
349,452
+347,900
| +22,416% | +$78.4M |
|
|
CIT
247
DELISTED
CIT Group Inc.
CIT
| $82M | 0.1% |
1,589,808
+210,330
| +15% | +$11.2M |
|
|
XLNX
248
DELISTED
Xilinx Inc
XLNX
| $82M | 0.1% |
1,022,762
-368,714
| -26% | -$27M |
|
249
Madison Square Garden
MSGS
$9.54B
| $82M | 0.1% |
364,513
+9,657
| +3% | +$2.14M |
|
250
ProPetro Holding
PUMP
$1.45B
| $80.6M | 0.1% |
4,888,861
+3,549,465
| +265% | +$57.2M |
|
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Millennium Management's Q3 2018 Portfolio in Review
As of Q3 2018, Millennium Management held 4,590 positions worth $81.6B, up 6.4% from $76.7B the previous quarter. Its ten largest holdings account for 10% of the portfolio.
Millennium Management's Q3 2018 filing shows 841 new, 1,291 increased, 1,638 reduced and 748 closed positions. Its largest new stake was Fortive: 27,116,929 shares worth $1.44B. The largest sale was Altaba Inc, an estimated $579M.
By sector, the portfolio is most concentrated in Technology at 13% of assets, up from 12% a quarter earlier, followed by Financials and Healthcare.
- Millennium Management's largest Q3 2018 buy was Fortive: 27,116,929 shares worth $1.44B.
- Millennium Management added most to Andeavor in Q3 2018, an estimated $1B increase.
- Millennium Management's biggest Q3 2018 reduction was Altaba Inc, cutting an estimated $579M.
- Millennium Management fully exited XL Group Ltd. in Q3 2018, selling an estimated $190M.
- Millennium Management's ten largest holdings make up 10% of its $81.6B portfolio in Q3 2018.
- Millennium Management opened 841 new positions and closed 748 in Q3 2018.
- Millennium Management's portfolio value rose 6.4% quarter-over-quarter to $81.6B.
Based on Millennium Management's 13F filing for Q3 2018, filed 14 Nov 2018.