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 | |
|---|---|---|---|---|---|---|
|
CRON
2576
Cronos Group
CRON
$1.06B
| $963K | ﹤0.01% |
92,706
+42,406
| +84% | +$408K |
|
|
MDSO
2577
DELISTED
Medidata Solutions, Inc.
MDSO
| $954K | ﹤0.01% |
14,154
-34,986
| -71% | -$2.47M |
|
|
JOBS
2578
DELISTED
51job Inc
JOBS
| $953K | ﹤0.01% |
15,255
-8,138
| -35% | -$521K |
|
2579
PUT
Cigna
CI
$78.9B
| $950K | ﹤0.01% |
5,000
-25,000
| -83% | -$5.22M |
|
2580
Novanta
NOVT
$4.86B
| $949K | ﹤0.01% |
+15,064
| New | +$971K |
|
|
BBBY
2581
Bed Bath & Beyond
BBBY
$478M
| $948K | ﹤0.01% |
92,879
-721,135
| -89% | -$10.8M |
|
|
EGIO
2582
DELISTED
Edgio, Inc. Common Stock
EGIO
| $948K | ﹤0.01% |
10,123
-20,696
| -67% | -$3.03M |
|
2583
Laureate Education
LAUR
$5.37B
| $946K | ﹤0.01% |
62,096
-482,879
| -89% | -$7.23M |
|
2584
Bankwell Financial Group
BWFG
$533M
| $944K | ﹤0.01% |
32,871
-21,431
| -39% | -$629K |
|
2585
Okta
OKTA
$23.6B
| $944K | ﹤0.01% |
14,800
-52,262
| -78% | -$3.1M |
|
|
JNPR
2586
CALL
DELISTED
Juniper Networks
JNPR
| $942K | ﹤0.01% |
+35,000
| New | +$990K |
|
2587
Regis Corp
RGS
$68.1M
| $942K | ﹤0.01% |
2,778
-14,681
| -84% | -$5.24M |
|
|
ONC
2588
BeOne Medicines Ltd
ONC
$33.9B
| $939K | ﹤0.01% |
6,692
+1,073
| +19% | +$142K |
|
|
KW
2589
DELISTED
Kennedy-Wilson Holdings
KW
| $934K | ﹤0.01% |
51,390
+166
| +0.3% | +$3.18K |
|
2590
Federal Agricultural Mortgage
AGM
$2.32B
| $929K | ﹤0.01% |
15,378
+8,299
| +117% | +$551K |
|
2591
Nuveen Floating Rate Income Fund
JFR
$1.23B
| $927K | ﹤0.01% |
+100,413
| New | +$987K |
|
|
HPR
2592
DELISTED
HighPoint Resources Corporation
HPR
| $927K | ﹤0.01% |
+7,446
| New | +$1.37M |
|
2593
Par Pacific Holdings
PARR
$4.15B
| $926K | ﹤0.01% |
65,331
+670
| +1% | +$11.4K |
|
2594
Vanguard Value ETF
VTV
$189B
| $922K | ﹤0.01% |
9,413
-4,266
| -31% | -$449K |
|
2595
Invesco
IVZ
$12.5B
| $918K | ﹤0.01% |
54,833
+29,347
| +115% | +$587K |
|
2596
iShares MSCI Chile ETF
ECH
$1.01B
| $917K | ﹤0.01% |
22,150
+10,987
| +98% | +$471K |
|
2597
CALL
Penumbra
PEN
$12.6B
| $917K | ﹤0.01% |
+7,500
| New | +$1M |
|
2598
PUT
PepsiCo
PEP
$197B
| $917K | ﹤0.01% |
+8,300
| New | +$936K |
|
2599
Xenon Pharmaceuticals
XENE
$6.15B
| $917K | ﹤0.01% |
145,382
+62,509
| +75% | +$556K |
|
2600
Adecoagro
AGRO
$1.41B
| $915K | ﹤0.01% |
131,458
+47,573
| +57% | +$348K |
|
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.