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 |
Walt Disney
DIS
|
+$655M |
| 2 |
Coty
COTY
|
+$380M |
| 3 |
ConocoPhillips
COP
|
+$250M |
| 4 |
Zimmer Biomet
ZBH
|
+$213M |
| 5 |
Valero Energy
VLO
|
+$170M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$523M |
| 2 |
Merck
MRK
|
+$375M |
| 3 |
SHPG
Shire pic
SHPG
|
+$362M |
| 4 |
Alphabet (Google) Class C
GOOG
|
+$310M |
| 5 |
CELG
Celgene Corp
CELG
|
+$286M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 12.54% |
| 2 | Technology | 10.66% |
| 3 | Financials | 10.63% |
| 4 | Consumer Discretionary | 9.38% |
| 5 | Industrials | 7.88% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
2476
iShares Biotechnology ETF
IBB
$9.52B
| $1.75M | ﹤0.01% |
15,688
-470,972
| -97% | -$51.7M |
|
2477
Mercer International
MERC
$39.5M
| $1.75M | ﹤0.01% |
129,820
-1,035,215
| -89% | -$14.2M |
|
2478
GSI Technology
GSIT
$224M
| $1.75M | ﹤0.01% |
225,568
+70,818
| +46% | +$543K |
|
2479
CALL
Haemonetics
HAE
$3.85B
| $1.75M | ﹤0.01% |
+20,000
| New | +$1.82M |
|
2480
Kraft Heinz
KHC
$31.3B
| $1.75M | ﹤0.01% |
53,605
-272,452
| -84% | -$11.1M |
|
2481
ING
ING
$99.8B
| $1.75M | ﹤0.01% |
143,870
+92,016
| +177% | +$1.11M |
|
|
BHR
2482
Braemar Hotels & Resorts
BHR
$160M
| $1.74M | ﹤0.01% |
143,977
+96,830
| +205% | +$1.09M |
|
2483
iShares Russell 3000 ETF
IWV
$19.5B
| $1.74M | ﹤0.01% |
10,417
-18
| -0.2% | -$2.89K |
|
2484
Futu Holdings
FUTU
$14.5B
| $1.73M | ﹤0.01% |
+93,633
| New | +$1.62M |
|
2485
iShares MSCI Canada ETF
EWC
$6.17B
| $1.73M | ﹤0.01% |
62,600
-3,245
| -5% | -$87.5K |
|
|
ORC
2486
Orchid Island Capital
ORC
$1.32B
| $1.73M | ﹤0.01% |
52,452
-8,314
| -14% | -$284K |
|
|
PINC
2487
CALL
DELISTED
Premier
PINC
| $1.73M | ﹤0.01% |
50,000
+30,000
| +150% | +$1.11M |
|
|
GRA
2488
CALL
DELISTED
W.R. Grace & Co.
GRA
| $1.73M | ﹤0.01% |
+22,100
| New | +$1.63M |
|
2489
Bank7 Corp
BSVN
$476M
| $1.72M | ﹤0.01% |
99,209
-35,091
| -26% | -$552K |
|
2490
Digi International
DGII
$2.57B
| $1.72M | ﹤0.01% |
135,964
+87,622
| +181% | +$1.09M |
|
2491
VanEck JP Morgan EM Local Currency Bond ETF
EMLC
$4.8B
| $1.72M | ﹤0.01% |
51,433
+43,248
| +528% | +$1.47M |
|
2492
Vanguard FTSE Developed Markets ETF
VEA
$230B
| $1.72M | ﹤0.01% |
+41,995
| New | +$1.68M |
|
2493
Forward Air
FWRD
$449M
| $1.7M | ﹤0.01% |
26,282
+13,140
| +100% | +$804K |
|
2494
Gerdau
GGB
$9.74B
| $1.7M | ﹤0.01% |
552,490
-297,456
| -35% | -$964K |
|
|
EQC
2495
DELISTED
Equity Commonwealth
EQC
| $1.69M | ﹤0.01% |
51,704
-65,305
| -56% | -$2.09M |
|
2496
EyePoint Inc
EYPT
$1.08B
| $1.68M | ﹤0.01% |
+93,967
| New | +$2.23M |
|
|
GOGL
2497
DELISTED
Golden Ocean Group
GOGL
| $1.68M | ﹤0.01% |
352,165
+55,220
| +19% | +$302K |
|
|
TELL
2498
CALL
DELISTED
Tellurian Inc.
TELL
| $1.68M | ﹤0.01% |
150,000
-175,000
| -54% | -$1.64M |
|
|
GRMN
2499
Garmin
GRMN
$57.4B
| $1.68M | ﹤0.01% |
19,423
-37,794
| -66% | -$2.85M |
|
|
PBPB
2500
DELISTED
Potbelly
PBPB
| $1.68M | ﹤0.01% |
197,027
-432,518
| -69% | -$3.66M |
|
Similar funds
Millennium Management's Q1 2019 Portfolio in Review
As of Q1 2019, Millennium Management held 4,608 positions worth $66.8B, up 4.2% from $64.1B the previous quarter. Its ten largest holdings account for 7.1% of the portfolio.
Millennium Management withdrew a net $6.14B in Q1 2019, closing 675 positions and reducing 1,467 holdings. Its most notable exit was Merck, an estimated $375M position sold in full.
By sector, the portfolio is most concentrated in Healthcare at 13% of assets, down from 13% a quarter earlier, followed by Technology and Financials.
Against the trend, Millennium Management opened a new position in Zimmer Biomet worth $232M.
- Millennium Management's largest Q1 2019 buy was Zimmer Biomet: 1,870,503 shares worth $232M.
- Millennium Management added most to Walt Disney in Q1 2019, an estimated $655M increase.
- Millennium Management's biggest Q1 2019 reduction was Apple, cutting an estimated $523M.
- Millennium Management fully exited Merck in Q1 2019, selling an estimated $375M.
- Millennium Management's ten largest holdings make up 7.1% of its $66.8B portfolio in Q1 2019.
- Millennium Management opened 914 new positions and closed 675 in Q1 2019.
- Millennium Management's portfolio value rose 4.2% quarter-over-quarter to $66.8B.
Based on Millennium Management's 13F filing for Q1 2019, filed 14 May 2019.