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 |
Fortive
FTV
|
+$1.39B |
| 2 |
ANDV
Andeavor
ANDV
|
+$1B |
| 3 |
Citigroup
C
|
+$332M |
| 4 |
Apple
AAPL
|
+$307M |
| 5 |
Oracle
ORCL
|
+$228M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
AABA
Altaba Inc
AABA
|
+$579M |
| 2 |
Electronic Arts
EA
|
+$233M |
| 3 |
Keurig Dr Pepper
KDP
|
+$215M |
| 4 |
APC
Anadarko Petroleum
APC
|
+$206M |
| 5 |
XL
XL Group Ltd.
XL
|
+$190M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 13.4% |
| 2 | Financials | 12.54% |
| 3 | Healthcare | 11.73% |
| 4 | Consumer Discretionary | 9.48% |
| 5 | Industrials | 9.28% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
251
Hubbell
HUBB
$25.7B
| $80.3M | 0.1% |
601,421
+422,513
| +236% | +$51.9M |
|
252
Kimberly-Clark
KMB
$36.4B
| $79.7M | 0.1% |
701,708
+240,380
| +52% | +$27M |
|
253
PENN Entertainment
PENN
$2.74B
| $79.3M | 0.1% |
2,408,289
+74,277
| +3% | +$2.47M |
|
254
RingCentral
RNG
$4.05B
| $77.2M | 0.09% |
829,866
-275,523
| -25% | -$23.8M |
|
255
Zions Bancorporation
ZION
$10.1B
| $77.1M | 0.09% |
1,536,567
-2,752,626
| -64% | -$145M |
|
256
Sysco
SYY
$39.7B
| $77M | 0.09% |
1,050,898
+1,000,862
| +2,000% | +$72.1M |
|
257
Nutrien
NTR
$32.7B
| $76.8M | 0.09% |
1,331,048
+1,100,721
| +478% | +$60.9M |
|
258
Elevance Health
ELV
$81.9B
| $76.7M | 0.09% |
279,838
-76,089
| -21% | -$19.8M |
|
259
Ralph Lauren
RL
$22.2B
| $76.4M | 0.09% |
555,414
-318,594
| -36% | -$42.5M |
|
|
EE
260
DELISTED
El Paso Electric Company
EE
| $75.8M | 0.09% |
1,324,826
-319,495
| -19% | -$19.6M |
|
|
VTLE
261
DELISTED
Vital Energy
VTLE
| $75.4M | 0.09% |
461,485
+219,375
| +91% | +$38.4M |
|
262
VeriSign
VRSN
$25.3B
| $75M | 0.09% |
468,455
+90,332
| +24% | +$13.8M |
|
|
WW
263
DELISTED
WW International
WW
| $74.9M | 0.09% |
+1,040,376
| New | +$84.5M |
|
264
CME Group
CME
$92.2B
| $74.8M | 0.09% |
439,561
+314,017
| +250% | +$52.9M |
|
265
Host Hotels & Resorts
HST
$16.8B
| $74.8M | 0.09% |
3,542,886
+2,123,980
| +150% | +$44.9M |
|
266
Marriott Vacations Worldwide
VAC
$3.24B
| $74.4M | 0.09% |
665,810
+186,346
| +39% | +$22M |
|
267
CubeSmart
CUBE
$9.53B
| $74.3M | 0.09% |
2,604,205
+892,118
| +52% | +$27.3M |
|
|
TIF
268
DELISTED
Tiffany & Co.
TIF
| $74.3M | 0.09% |
575,926
-1,379,097
| -71% | -$180M |
|
269
American Express
AXP
$223B
| $74.2M | 0.09% |
697,096
-1,631,998
| -70% | -$170M |
|
270
PUT
iShares Biotechnology ETF
IBB
$9.31B
| $74.1M | 0.09% |
607,600
+203,300
| +50% | +$23.9M |
|
271
Paycom
PAYC
$6.78B
| $73.2M | 0.09% |
471,082
+8,390
| +2% | +$1.13M |
|
272
L3Harris
LHX
$55.9B
| $73.1M | 0.09% |
431,898
+330,849
| +327% | +$52.6M |
|
273
PUT
Intel
INTC
$466B
| $73.1M | 0.09% |
+1,545,000
| New | +$75.2M |
|
|
RDC
274
DELISTED
Rowan Companies Plc
RDC
| $72.8M | 0.09% |
3,868,224
-169,233
| -4% | -$2.53M |
|
275
Equinix
EQIX
$107B
| $72.8M | 0.09% |
168,247
+96,552
| +135% | +$42.3M |
|
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Millennium Management's Q3 2018 Portfolio in Review
As of Q3 2018, Millennium Management held 4,590 positions worth $81.6B, up 6.4% from $76.7B the previous quarter. Its ten largest holdings account for 10% of the portfolio.
Millennium Management's Q3 2018 filing shows 841 new, 1,291 increased, 1,638 reduced and 748 closed positions. Its largest new stake was Fortive: 27,116,929 shares worth $1.44B. The largest sale was Altaba Inc, an estimated $579M.
By sector, the portfolio is most concentrated in Technology at 13% of assets, up from 12% a quarter earlier, followed by Financials and Healthcare.
- Millennium Management's largest Q3 2018 buy was Fortive: 27,116,929 shares worth $1.44B.
- Millennium Management added most to Andeavor in Q3 2018, an estimated $1B increase.
- Millennium Management's biggest Q3 2018 reduction was Altaba Inc, cutting an estimated $579M.
- Millennium Management fully exited XL Group Ltd. in Q3 2018, selling an estimated $190M.
- Millennium Management's ten largest holdings make up 10% of its $81.6B portfolio in Q3 2018.
- Millennium Management opened 841 new positions and closed 748 in Q3 2018.
- Millennium Management's portfolio value rose 6.4% quarter-over-quarter to $81.6B.
Based on Millennium Management's 13F filing for Q3 2018, filed 14 Nov 2018.