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 |
Boston Scientific
BSX
|
+$240M |
| 2 |
eBay
EBAY
|
+$231M |
| 3 |
PXD
Pioneer Natural Resource Co.
PXD
|
+$216M |
| 4 |
Ameren
AEE
|
+$196M |
| 5 |
Kohl's
KSS
|
+$182M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$552M |
| 2 |
Micron Technology
MU
|
+$425M |
| 3 |
Visa
V
|
+$225M |
| 4 |
Marathon Petroleum
MPC
|
+$225M |
| 5 |
ESRX
Express Scripts Holding Company
ESRX
|
+$218M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 13.6% |
| 2 | Healthcare | 12.02% |
| 3 | Technology | 11.62% |
| 4 | Industrials | 11.19% |
| 5 | Consumer Discretionary | 10.9% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
2776
ESCO Technologies
ESE
$7.77B
| $832K | ﹤0.01% |
14,216
+6,087
| +75% | +$374K |
|
|
SFE
2777
DELISTED
Safeguard Scientifics, Inc.
SFE
| $830K | ﹤0.01% |
67,787
+37,739
| +126% | +$459K |
|
|
PRAH
2778
CALL
DELISTED
PRA Health Sciences, Inc.
PRAH
| $830K | ﹤0.01% |
+10,000
| New | +$889K |
|
|
WBK
2779
DELISTED
Westpac Banking Corporation
WBK
| $824K | ﹤0.01% |
+37,130
| New | +$890K |
|
2780
Baytex Energy
BTE
$2.96B
| $822K | ﹤0.01% |
+300,047
| New | +$873K |
|
|
DMC
2781
Del Monte Corp
DMC
$1.42B
| $822K | ﹤0.01% |
+18,163
| New | +$856K |
|
2782
Alerian MLP ETF
AMLP
$12.9B
| $821K | ﹤0.01% |
17,515
-1,307,740
| -99% | -$69.9M |
|
2783
iShares MSCI Indonesia ETF
EIDO
$466M
| $819K | ﹤0.01% |
+30,392
| New | +$874K |
|
2784
Amphastar Pharmaceuticals
AMPH
$907M
| $818K | ﹤0.01% |
43,626
-250,046
| -85% | -$4.7M |
|
2785
Invesco S&P 500 Low Volatility ETF
SPLV
$7.24B
| $817K | ﹤0.01% |
17,385
-25,716
| -60% | -$1.22M |
|
2786
Nuveen Municipal Value Fund
NUV
$1.91B
| $815K | ﹤0.01% |
+86,113
| New | +$831K |
|
2787
Surgery Partners
SGRY
$2.15B
| $814K | ﹤0.01% |
+47,459
| New | +$739K |
|
|
AEGN
2788
DELISTED
Aegion Corp
AEGN
| $814K | ﹤0.01% |
35,518
-17,508
| -33% | -$423K |
|
|
AHRT
2789
AH Realty Trust
AHRT
$536M
| $810K | ﹤0.01% |
59,150
-38,908
| -40% | -$540K |
|
|
FEI
2790
DELISTED
FIRST TRUST MLP AND ENERGY INCOME FUND
FEI
| $809K | ﹤0.01% |
+66,070
| New | +$956K |
|
2791
NextDecade
NEXT
$1.68B
| $808K | ﹤0.01% |
163,526
+109,373
| +202% | +$697K |
|
|
CHFN
2792
DELISTED
Charter Financial Corp
CHFN
| $808K | ﹤0.01% |
39,608
-64,036
| -62% | -$1.24M |
|
2793
Cohu
COHU
$1.86B
| $806K | ﹤0.01% |
35,333
-238,668
| -87% | -$5.3M |
|
2794
FreightCar America
RAIL
$263M
| $800K | ﹤0.01% |
59,693
-49,332
| -45% | -$747K |
|
|
SODA
2795
DELISTED
SodaStream International Ltd
SODA
| $799K | ﹤0.01% |
8,703
+764
| +10% | +$61.9K |
|
2796
Evolution Petroleum
EPM
$133M
| $797K | ﹤0.01% |
99,058
+47,687
| +93% | +$370K |
|
2797
PennyMac Financial
PFSI
$4.47B
| $797K | ﹤0.01% |
35,201
+9,865
| +39% | +$230K |
|
|
BFIN
2798
DELISTED
BankFinancial
BFIN
| $795K | ﹤0.01% |
46,831
+2,436
| +5% | +$39K |
|
|
BRT
2799
BRT Apartments
BRT
$284M
| $790K | ﹤0.01% |
+67,226
| New | +$790K |
|
2800
Dawson Geophysical
DWSN
$130M
| $790K | ﹤0.01% |
122,999
-18,193
| -13% | -$107K |
|
Similar funds
Millennium Management's Q1 2018 Portfolio in Review
As of Q1 2018, Millennium Management held 4,417 positions worth $74.9B, up 3.4% from $72.5B the previous quarter. Its ten largest holdings account for 6.3% of the portfolio.
Millennium Management deployed $3.3B of net new capital in Q1 2018, opening 664 new positions and adding to 1,467 existing holdings. Its largest new stake was Tiffany & Co.: 1,078,847 shares worth $105M.
By sector, the portfolio is most concentrated in Financials at 14% of assets, down from 14% a quarter earlier, followed by Healthcare and Technology.
On the sell side, the largest reduction was State Street SPDR S&P 500 ETF Trust, an estimated $552M trimmed.
- Millennium Management's largest Q1 2018 buy was Tiffany & Co.: 1,078,847 shares worth $105M.
- Millennium Management added most to Boston Scientific in Q1 2018, an estimated $240M increase.
- Millennium Management's biggest Q1 2018 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $552M.
- Millennium Management fully exited Equinix in Q1 2018, selling an estimated $152M.
- Millennium Management's ten largest holdings make up 6.3% of its $74.9B portfolio in Q1 2018.
- Millennium Management opened 664 new positions and closed 833 in Q1 2018.
- Millennium Management's portfolio value rose 3.4% quarter-over-quarter to $74.9B.
Based on Millennium Management's 13F filing for Q1 2018, filed 15 May 2018.