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 | |
|---|---|---|---|---|---|---|
|
USAK
2826
DELISTED
USA Truck Inc
USAK
| $600K | ﹤0.01% |
40,093
-47,619
| -54% | -$878K |
|
2827
CALL
Evolent Health
EVH
$421M
| $599K | ﹤0.01% |
+30,000
| New | +$694K |
|
2828
PUT
A.O. Smith
AOS
$8.82B
| $598K | ﹤0.01% |
+14,000
| New | +$644K |
|
2829
Inspired Entertainment
INSE
$188M
| $598K | ﹤0.01% |
124,535
-47,886
| -28% | -$298K |
|
2830
Global Net Lease
GNL
$1.86B
| $597K | ﹤0.01% |
+33,900
| New | +$675K |
|
2831
iShares MSCI Turkey ETF
TUR
$204M
| $597K | ﹤0.01% |
+24,290
| New | +$595K |
|
|
KG
2832
Kestrel Group
KG
$68M
| $594K | ﹤0.01% |
17,987
-20,609
| -53% | -$1.11M |
|
2833
Tilray
TLRY
$498M
| $593K | ﹤0.01% |
840
+604
| +256% | +$662K |
|
2834
Wave Life Sciences
WVE
$1.13B
| $593K | ﹤0.01% |
14,117
-72,232
| -84% | -$3.21M |
|
|
AFH
2835
DELISTED
Atlas Financial Holdings, Inc. Ordinary Shares
AFH
| $593K | ﹤0.01% |
73,324
-39,857
| -35% | -$381K |
|
|
CCRN
2836
DELISTED
Cross Country Healthcare
CCRN
| $592K | ﹤0.01% |
80,810
+59,120
| +273% | +$496K |
|
2837
Universal Insurance Holdings
UVE
$1.23B
| $590K | ﹤0.01% |
15,570
+11,359
| +270% | +$494K |
|
2838
Kinsale Capital Group
KNSL
$8.43B
| $588K | ﹤0.01% |
+10,582
| New | +$625K |
|
2839
Vitamin Cottage Natural Grocers
NGVC
$744M
| $588K | ﹤0.01% |
38,353
-99,112
| -72% | -$1.75M |
|
|
CLSD
2840
DELISTED
Clearside Biomedical
CLSD
| $586K | ﹤0.01% |
36,525
-23,437
| -39% | -$1.1M |
|
2841
MidCap Financial Investment
MFIC
$811M
| $585K | ﹤0.01% |
+47,172
| New | +$718K |
|
2842
Republic Bancorp
RBCAA
$1.97B
| $584K | ﹤0.01% |
15,080
+678
| +5% | +$29.1K |
|
|
TAHO
2843
DELISTED
Tahoe Resources Inc
TAHO
| $584K | ﹤0.01% |
+160,057
| New | +$492K |
|
2844
Energizer
ENR
$1.5B
| $583K | ﹤0.01% |
12,913
-40,488
| -76% | -$2.15M |
|
|
LMNX
2845
DELISTED
Luminex Corp
LMNX
| $583K | ﹤0.01% |
25,217
+3,408
| +16% | +$91.8K |
|
2846
Stagwell
STGW
$1.98B
| $582K | ﹤0.01% |
223,133
+158,037
| +243% | +$450K |
|
2847
Tejon Ranch
TRC
$467M
| $582K | ﹤0.01% |
+35,077
| New | +$652K |
|
2848
Banc of California
BANC
$3.27B
| $579K | ﹤0.01% |
43,525
+1,878
| +5% | +$30.5K |
|
2849
State Street SPDR Portfolio S&P 500 Growth ETF
SPYG
$50.4B
| $579K | ﹤0.01% |
+17,813
| New | +$623K |
|
2850
OptimizeRx
OPRX
$119M
| $577K | ﹤0.01% |
52,590
-32,373
| -38% | -$479K |
|
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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.