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 | |
|---|---|---|---|---|---|---|
2876
ING
ING
$95.1B
| $553K | ﹤0.01% |
51,854
+8,206
| +19% | +$98.6K |
|
|
ECOL
2877
DELISTED
US Ecology, Inc.
ECOL
| $553K | ﹤0.01% |
8,776
-10,857
| -55% | -$730K |
|
2878
ArcelorMittal
MT
$50.7B
| $552K | ﹤0.01% |
26,700
-43,371
| -62% | -$1.07M |
|
2879
Ambarella
AMBA
$3.03B
| $550K | ﹤0.01% |
+15,716
| New | +$557K |
|
|
WPRT
2880
Westport Fuel Systems
WPRT
$32.9M
| $550K | ﹤0.01% |
41,384
+26,573
| +179% | +$601K |
|
|
DF
2881
DELISTED
Dean Foods Company
DF
| $550K | ﹤0.01% |
144,384
-521,514
| -78% | -$3.15M |
|
|
HTLF
2882
DELISTED
Heartland Financial USA, Inc.
HTLF
| $549K | ﹤0.01% |
+12,494
| New | +$655K |
|
2883
Allient
ALNT
$1.42B
| $548K | ﹤0.01% |
18,404
-37,414
| -67% | -$1.15M |
|
|
NVEE
2884
DELISTED
NV5 Global
NVEE
| $548K | ﹤0.01% |
+36,224
| New | +$672K |
|
2885
Stock Yards Bancorp
SYBT
$2.52B
| $548K | ﹤0.01% |
16,718
-118,093
| -88% | -$3.77M |
|
|
HTB
2886
HomeTrust Bancshares
HTB
$856M
| $548K | ﹤0.01% |
20,947
+4,187
| +25% | +$112K |
|
2887
F5
FFIV
$22.9B
| $547K | ﹤0.01% |
+3,375
| New | +$579K |
|
2888
The Greenbrier Companies
GBX
$1.6B
| $546K | ﹤0.01% |
13,801
-255,188
| -95% | -$12.6M |
|
2889
KLX Energy Services
KLXE
$41.5M
| $545K | ﹤0.01% |
4,649
-15,544
| -77% | -$2.15M |
|
2890
Lesaka Technologies
LSAK
$392M
| $544K | ﹤0.01% |
115,948
-302,412
| -72% | -$1.78M |
|
2891
Pricesmart
PSMT
$5.9B
| $544K | ﹤0.01% |
+9,212
| New | +$634K |
|
|
WMGI
2892
PUT
DELISTED
Wright Medical Group Inc
WMGI
| $544K | ﹤0.01% |
+20,000
| New | +$553K |
|
2893
National Presto Industries
NPK
$884M
| $543K | ﹤0.01% |
4,640
-2,519
| -35% | -$315K |
|
2894
Winmark
WINA
$1.24B
| $543K | ﹤0.01% |
3,413
+108
| +3% | +$16.5K |
|
|
MR
2895
DELISTED
Montage Resources Corporation Common Stock
MR
| $543K | ﹤0.01% |
34,505
+32,849
| +1,984% | +$561K |
|
|
EB
2896
DELISTED
Eventbrite
EB
| $542K | ﹤0.01% |
19,505
-26,296
| -57% | -$778K |
|
2897
Howard Hughes
HHH
$4B
| $541K | ﹤0.01% |
+5,816
| New | +$605K |
|
|
XYF
2898
X Financial
XYF
$191M
| $540K | ﹤0.01% |
42,151
-10,890
| -21% | -$246K |
|
2899
Silicom
SILC
$219M
| $538K | ﹤0.01% |
+15,401
| New | +$601K |
|
2900
Carpenter Technology
CRS
$27.8B
| $536K | ﹤0.01% |
15,059
-34,081
| -69% | -$1.54M |
|
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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.