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 | |
|---|---|---|---|---|---|---|
2551
JPMorgan Ultra-Short Income ETF
JPST
$40.1B
| $1.01M | ﹤0.01% |
20,230
-6,748
| -25% | -$339K |
|
2552
Manchester United
MANU
$4.06B
| $1.01M | ﹤0.01% |
+53,356
| New | +$1.07M |
|
2553
United Parcel Service
UPS
$89.3B
| $1.01M | ﹤0.01% |
10,360
-478,695
| -98% | -$51.9M |
|
2554
PUT
C.H. Robinson
CHRW
$19.7B
| $1.01M | ﹤0.01% |
+12,000
| New | +$1.07M |
|
|
MITT
2555
TPG Mortgage Investment Trust
MITT
$230M
| $1M | ﹤0.01% |
21,028
-7,211
| -26% | -$378K |
|
|
KEM
2556
DELISTED
KEMET Corporation
KEM
| $1M | ﹤0.01% |
57,197
-330,383
| -85% | -$6.18M |
|
|
TSC
2557
DELISTED
TriState Capital Holdings, Inc.
TSC
| $1M | ﹤0.01% |
51,399
-133,557
| -72% | -$3.24M |
|
2558
Sensient Technologies
SXT
$5.26B
| $997K | ﹤0.01% |
17,846
+11,274
| +172% | +$737K |
|
|
ARGO
2559
DELISTED
Argo Group International Holdings, Ltd.
ARGO
| $995K | ﹤0.01% |
14,796
-127,283
| -90% | -$8.25M |
|
2560
iShares MSCI Poland ETF
EPOL
$677M
| $993K | ﹤0.01% |
+43,136
| New | +$982K |
|
2561
CALL
Inogen
INGN
$175M
| $993K | ﹤0.01% |
8,000
-2,000
| -20% | -$329K |
|
2562
Cognex
CGNX
$9.6B
| $990K | ﹤0.01% |
25,606
+3,156
| +14% | +$137K |
|
2563
CALL
Marriott International
MAR
$100B
| $988K | ﹤0.01% |
11,600
| – | – |
|
2564
SSR Mining
SSRM
$5.17B
| $983K | ﹤0.01% |
+81,337
| New | +$862K |
|
|
PEGI
2565
DELISTED
Pattern Energy Group Inc. Class A
PEGI
| $982K | ﹤0.01% |
52,726
-322,169
| -86% | -$6.26M |
|
2566
Agilysys
AGYS
$3.19B
| $981K | ﹤0.01% |
68,376
-33,138
| -33% | -$521K |
|
2567
Graham Holdings Company
GHC
$5.33B
| $979K | ﹤0.01% |
1,529
+587
| +62% | +$362K |
|
2568
Silicon Laboratories
SLAB
$7.16B
| $979K | ﹤0.01% |
12,416
-10,347
| -45% | -$860K |
|
|
PAE
2569
DELISTED
PAE Incorporated Class A Common Stock
PAE
| $972K | ﹤0.01% |
+99,999
| New | +$967K |
|
2570
iShares Preferred and Income Securities ETF
PFF
$13.2B
| $971K | ﹤0.01% |
28,360
-37,396
| -57% | -$1.32M |
|
2571
Truist Financial
TFC
$64.4B
| $969K | ﹤0.01% |
22,360
-32,151
| -59% | -$1.54M |
|
|
OSB
2572
DELISTED
Norbord Inc.
OSB
| $968K | ﹤0.01% |
36,414
+18,438
| +103% | +$502K |
|
2573
IMAX
IMAX
$2.59B
| $966K | ﹤0.01% |
51,338
-47,216
| -48% | -$963K |
|
|
SEMG
2574
CALL
DELISTED
SEMGROUP CORPORATION
SEMG
| $965K | ﹤0.01% |
+70,000
| New | +$1.26M |
|
|
CLDT
2575
Chatham Lodging
CLDT
$631M
| $964K | ﹤0.01% |
54,506
-107,393
| -66% | -$2.09M |
|
Similar funds
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.