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 | |
|---|---|---|---|---|---|---|
2701
CALL
Eaton
ETN
$161B
| $1.24M | ﹤0.01% |
+15,400
| New | +$1.17M |
|
2702
Fidus Investment
FDUS
$748M
| $1.24M | ﹤0.01% |
+80,885
| New | +$1.16M |
|
|
FFIC
2703
DELISTED
Flushing Financial
FFIC
| $1.24M | ﹤0.01% |
56,480
+7,889
| +16% | +$178K |
|
|
K
2704
PUT
DELISTED
Kellanova
K
| $1.24M | ﹤0.01% |
+23,004
| New | +$1.23M |
|
|
MNR
2705
DELISTED
Monmouth Real Estate Investment Corp
MNR
| $1.24M | ﹤0.01% |
93,999
-311,013
| -77% | -$4.13M |
|
2706
CALL
Merit Medical Systems
MMSI
$5.11B
| $1.24M | ﹤0.01% |
20,000
+10,000
| +100% | +$567K |
|
2707
Provident Financial
PROV
$112M
| $1.24M | ﹤0.01% |
62,121
+10,590
| +21% | +$195K |
|
2708
Sportsman's Warehouse
SPWH
$44.9M
| $1.24M | ﹤0.01% |
257,805
+180,896
| +235% | +$974K |
|
|
TGI
2709
DELISTED
Triumph Group
TGI
| $1.24M | ﹤0.01% |
+64,890
| New | +$1.22M |
|
2710
iShares US Real Estate ETF
IYR
$4.67B
| $1.24M | ﹤0.01% |
14,200
+2,090
| +17% | +$173K |
|
|
XYZ
2711
Block Inc
XYZ
$48.3B
| $1.23M | ﹤0.01% |
16,468
-737,726
| -98% | -$53.5M |
|
|
AMED
2712
PUT
DELISTED
Amedisys
AMED
| $1.23M | ﹤0.01% |
+10,000
| New | +$1.26M |
|
2713
Ecopetrol
EC
$35.1B
| $1.23M | ﹤0.01% |
57,458
-417,803
| -88% | -$8.18M |
|
2714
PUT
Wynn Resorts
WYNN
$10.2B
| $1.23M | ﹤0.01% |
+10,300
| New | +$1.23M |
|
|
SIOX
2715
DELISTED
Sio Gene Therapies Inc. Common Stock
SIOX
| $1.23M | ﹤0.01% |
115,475
+52,952
| +85% | +$527K |
|
|
2716
CALL
ConocoPhillips
COP
$145B
| $1.23M | ﹤0.01% |
18,400
-18,100
| -50% | -$1.22M |
|
2717
Appian
APPN
$1.98B
| $1.23M | ﹤0.01% |
35,642
+17,619
| +98% | +$595K |
|
2718
CALL
CF Industries
CF
$19.2B
| $1.23M | ﹤0.01% |
30,000
+10,000
| +50% | +$424K |
|
|
PDS
2719
Precision Drilling
PDS
$995M
| $1.22M | ﹤0.01% |
25,544
+24,385
| +2,104% | +$1.1M |
|
|
CONE
2720
DELISTED
CyrusOne Inc Common Stock
CONE
| $1.22M | ﹤0.01% |
+23,272
| New | +$1.22M |
|
2721
Caleres
CAL
$434M
| $1.21M | ﹤0.01% |
+49,136
| New | +$1.4M |
|
2722
Xeris Biopharma Holdings
XERS
$1.39B
| $1.21M | ﹤0.01% |
+120,750
| New | +$1.55M |
|
2723
3D Systems Corp
DDD
$421M
| $1.21M | ﹤0.01% |
112,461
+56,720
| +102% | +$674K |
|
2724
Tredegar Corp
TG
$262M
| $1.21M | ﹤0.01% |
74,925
-34,475
| -32% | -$583K |
|
2725
iPath Series B S&P 500 VIX Short-Term Futures ETN
VXX
$156M
| $1.21M | ﹤0.01% |
+646
| New | +$1.42M |
|
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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.