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 | |
|---|---|---|---|---|---|---|
2651
Horizon Bancorp
HBNC
$1.06B
| $836K | ﹤0.01% |
52,983
-67,183
| -56% | -$1.15M |
|
2652
Westwood Holdings Group
WHG
$182M
| $834K | ﹤0.01% |
24,517
+20
| +0.1% | +$821 |
|
|
QEP
2653
PUT
DELISTED
QEP RESOURCES, INC.
QEP
| $833K | ﹤0.01% |
+148,000
| New | +$1.3M |
|
2654
Alnylam Pharmaceuticals
ALNY
$38.5B
| $829K | ﹤0.01% |
+11,373
| New | +$875K |
|
|
TSRO
2655
CALL
DELISTED
TESARO, Inc.
TSRO
| $824K | ﹤0.01% |
+11,100
| New | +$533K |
|
2656
iShares Select Dividend ETF
DVY
$24.1B
| $822K | ﹤0.01% |
+9,204
| New | +$882K |
|
|
AUY
2657
DELISTED
Yamana Gold, Inc.
AUY
| $822K | ﹤0.01% |
348,451
-3,742,180
| -91% | -$8.72M |
|
2658
Innospec
IOSP
$2.1B
| $821K | ﹤0.01% |
13,298
+5,503
| +71% | +$379K |
|
|
AVX
2659
DELISTED
AVX Corporation
AVX
| $817K | ﹤0.01% |
53,546
-211,597
| -80% | -$3.41M |
|
2660
CALL
Applied Materials
AMAT
$359B
| $815K | ﹤0.01% |
24,900
| – | – |
|
|
CMO
2661
DELISTED
Capstead Mortgage Corp.
CMO
| $813K | ﹤0.01% |
+121,899
| New | +$900K |
|
|
WIN
2662
DELISTED
Windstream Holdings Inc
WIN
| $812K | ﹤0.01% |
388,331
-376,810
| -49% | -$1.4M |
|
2663
PUT
Skyworks Solutions
SWKS
$9.35B
| $811K | ﹤0.01% |
12,100
-18,300
| -60% | -$1.41M |
|
|
GMLP
2664
DELISTED
Golar LNG Partners LP
GMLP
| $811K | ﹤0.01% |
75,075
-101,639
| -58% | -$1.34M |
|
|
WNS
2665
DELISTED
WNS Holdings
WNS
| $809K | ﹤0.01% |
19,603
-2,582
| -12% | -$123K |
|
|
XRN
2666
Chiron Real Estate Inc
XRN
$537M
| $806K | ﹤0.01% |
18,123
+7,176
| +66% | +$330K |
|
2667
Kinetik
KNTK
$3.76B
| $806K | ﹤0.01% |
10,425
-12,960
| -55% | -$1.18M |
|
2668
NBT Bancorp
NBTB
$2.81B
| $805K | ﹤0.01% |
23,274
-74,249
| -76% | -$2.73M |
|
2669
iShares International Select Dividend ETF
IDV
$8.3B
| $804K | ﹤0.01% |
+27,991
| New | +$858K |
|
|
DFRG
2670
DELISTED
Del Frisco's Restaurant Group, Inc. Common Stock
DFRG
| $802K | ﹤0.01% |
112,192
+3,302
| +3% | +$23.4K |
|
2671
Camping World
CWH
$383M
| $800K | ﹤0.01% |
69,726
-38,019
| -35% | -$674K |
|
2672
Provident Financial
PROV
$111M
| $799K | ﹤0.01% |
51,531
-17,053
| -25% | -$294K |
|
2673
GSI Technology
GSIT
$206M
| $795K | ﹤0.01% |
154,750
-63,922
| -29% | -$374K |
|
|
ACHN
2674
CALL
DELISTED
Achillion Pharmaceuticals
ACHN
| $795K | ﹤0.01% |
+500,000
| New | +$1.41M |
|
|
BAND
2675
Bandwidth Inc
BAND
$1.17B
| $794K | ﹤0.01% |
19,481
-3,714
| -16% | -$175K |
|
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.