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 |
CELG
Celgene Corp
CELG
|
+$379M |
| 2 |
Starbucks
SBUX
|
+$371M |
| 3 |
APC
Anadarko Petroleum
APC
|
+$287M |
| 4 |
Bristol-Myers Squibb
BMY
|
+$263M |
| 5 |
Tesla
TSLA
|
+$253M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Fortive
FTV
|
+$1.27B |
| 2 |
ANDV
Andeavor
ANDV
|
+$1.11B |
| 3 |
AET
Aetna Inc
AET
|
+$535M |
| 4 |
Microsoft
MSFT
|
+$350M |
| 5 |
Amazon
AMZN
|
+$290M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 12.69% |
| 2 | Technology | 12.68% |
| 3 | Financials | 12.18% |
| 4 | Consumer Discretionary | 10.77% |
| 5 | Industrials | 9.47% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
CNH
2526
CNH Industrial
CNH
$13.6B
| $1.06M | ﹤0.01% |
132,281
-316,459
| -71% | -$2.79M |
|
|
TTSH
2527
DELISTED
Tile Shop Holdings
TTSH
| $1.06M | ﹤0.01% |
193,305
-439,462
| -69% | -$2.69M |
|
2528
iShares MSCI EAFE Min Vol Factor ETF
EFAV
$5.39B
| $1.06M | ﹤0.01% |
15,860
+1,106
| +7% | +$76K |
|
2529
Vanguard Mortgage-Backed Securities ETF
VMBS
$15.5B
| $1.06M | ﹤0.01% |
20,534
+1,323
| +7% | +$67.1K |
|
|
MFGP
2530
DELISTED
Micro Focus International plc. American Depositary Shares, each representing One Ordinary Share
MFGP
| $1.06M | ﹤0.01% |
+50,760
| New | +$1.09M |
|
2531
PUT
VanEck Gold Miners ETF
GDX
$23B
| $1.05M | ﹤0.01% |
+50,000
| New | +$980K |
|
|
STND
2532
DELISTED
Standard AVB Financial Corp. Common Stock
STND
| $1.05M | ﹤0.01% |
35,265
-17,580
| -33% | -$530K |
|
2533
Vishay Intertechnology
VSH
$4.75B
| $1.05M | ﹤0.01% |
58,241
-1,268,093
| -96% | -$23.9M |
|
|
FFIC
2534
DELISTED
Flushing Financial
FFIC
| $1.05M | ﹤0.01% |
48,591
+18,692
| +63% | +$418K |
|
|
SCWX
2535
DELISTED
SecureWorks Corp Class A Common Stock
SCWX
| $1.04M | ﹤0.01% |
61,730
+952
| +2% | +$14.9K |
|
2536
CALL
Texas Instruments
TXN
$255B
| $1.04M | ﹤0.01% |
+11,000
| New | +$1.06M |
|
2537
Arvinas
ARVN
$534M
| $1.04M | ﹤0.01% |
80,797
-67,725
| -46% | -$1.07M |
|
2538
Peoples Bancorp
PEBO
$1.51B
| $1.04M | ﹤0.01% |
34,488
+14,944
| +76% | +$498K |
|
2539
PUT
Zimmer Biomet
ZBH
$18.8B
| $1.04M | ﹤0.01% |
10,300
-20,600
| -67% | -$2.32M |
|
2540
CALL
Ralph Lauren
RL
$22.5B
| $1.03M | ﹤0.01% |
+10,000
| New | +$1.18M |
|
|
CVA
2541
DELISTED
Covanta Holding Corporation
CVA
| $1.03M | ﹤0.01% |
77,133
-6,861
| -8% | -$106K |
|
2542
Infosys
INFY
$51.3B
| $1.03M | ﹤0.01% |
+108,526
| New | +$1.04M |
|
|
KBAL
2543
DELISTED
Kimball International
KBAL
| $1.03M | ﹤0.01% |
72,727
-39,451
| -35% | -$617K |
|
2544
World Kinect Corp
WKC
$2.06B
| $1.03M | ﹤0.01% |
+48,101
| New | +$1.27M |
|
|
FFG
2545
DELISTED
FBL Financial Group
FFG
| $1.02M | ﹤0.01% |
15,614
-16,095
| -51% | -$1.13M |
|
2546
Clorox
CLX
$12.1B
| $1.02M | ﹤0.01% |
6,643
-3,387
| -34% | -$528K |
|
2547
FVCBankcorp
FVCB
$336M
| $1.02M | ﹤0.01% |
72,639
+55,409
| +322% | +$834K |
|
|
PVTL
2548
DELISTED
Pivotal Software, Inc.
PVTL
| $1.02M | ﹤0.01% |
62,526
-28,087
| -31% | -$503K |
|
|
IRBT
2549
DELISTED
iRobot
IRBT
| $1.02M | ﹤0.01% |
12,143
-25,238
| -68% | -$2.29M |
|
2550
Celestica
CLS
$38.2B
| $1.01M | ﹤0.01% |
115,673
-13,538
| -10% | -$136K |
|
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Millennium Management's Q4 2018 Portfolio in Review
As of Q4 2018, Millennium Management held 4,541 positions worth $64.1B, down 21% from $81.6B the previous quarter. Its ten largest holdings account for 6.7% of the portfolio.
Millennium Management withdrew a net $4.25B in Q4 2018, closing 844 positions and reducing 1,571 holdings. Its most notable exit was Andeavor, an estimated $1.11B position sold in full.
By sector, the portfolio is most concentrated in Healthcare at 13% of assets, up from 12% a quarter earlier, followed by Technology and Financials.
Against the trend, Millennium Management opened a new position in Athenahealth, Inc. worth $135M.
- Millennium Management's largest Q4 2018 buy was Athenahealth, Inc.: 1,022,505 shares worth $135M.
- Millennium Management added most to Celgene Corp in Q4 2018, an estimated $379M increase.
- Millennium Management's biggest Q4 2018 reduction was Fortive, cutting an estimated $1.27B.
- Millennium Management fully exited Andeavor in Q4 2018, selling an estimated $1.11B.
- Millennium Management's ten largest holdings make up 6.7% of its $64.1B portfolio in Q4 2018.
- Millennium Management opened 702 new positions and closed 844 in Q4 2018.
- Millennium Management's portfolio value fell 21% quarter-over-quarter to $64.1B.
Based on Millennium Management's 13F filing for Q4 2018, filed 14 Feb 2019.