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 | |
|---|---|---|---|---|---|---|
276
iRhythm Holdings
IRTC
$3.59B
| $61.6M | 0.09% |
821,692
-155,577
| -16% | -$13.3M |
|
277
CALL
Biogen
BIIB
$29.9B
| $61.2M | 0.09% |
259,100
+130,000
| +101% | +$40.9M |
|
278
Wendy's
WEN
$1.33B
| $61.1M | 0.09% |
3,416,422
-1,048,138
| -23% | -$17.8M |
|
279
CALL
State Street Technology Select Sector SPDR ETF
XLK
$115B
| $60.9M | 0.09% |
1,644,600
+618,800
| +60% | +$21.2M |
|
280
Duke Energy
DUK
$102B
| $60.2M | 0.09% |
+669,061
| New | +$59M |
|
281
CALL
Gilead Sciences
GILD
$161B
| $59.9M | 0.09% |
921,100
+901,100
| +4,506% | +$59.9M |
|
|
TRCO
282
DELISTED
TRIBUNE MEDIA COMPANY CLASS A
TRCO
| $59.5M | 0.09% |
1,289,855
-621,167
| -33% | -$28.6M |
|
283
iShares MSCI China ETF
MCHI
$6.04B
| $59.3M | 0.09% |
+950,333
| New | +$56.1M |
|
284
PUT
Cisco
CSCO
$450B
| $59.3M | 0.09% |
1,098,700
+303,400
| +38% | +$14.7M |
|
285
The Mosaic Company
MOS
$7.09B
| $59.3M | 0.09% |
2,170,608
-1,573,641
| -42% | -$48M |
|
|
RDS.B
286
DELISTED
Royal Dutch Shell PLC ADS Class B
RDS.B
| $58.9M | 0.09% |
921,778
+536,910
| +140% | +$33.9M |
|
287
Cactus
WHD
$3.83B
| $58.7M | 0.09% |
1,649,162
-40,965
| -2% | -$1.4M |
|
288
Bank of America
BAC
$435B
| $58.3M | 0.09% |
2,113,840
-5,855,467
| -73% | -$165M |
|
|
MRO
289
DELISTED
Marathon Oil Corporation
MRO
| $58.2M | 0.09% |
3,483,050
-8,305,316
| -70% | -$136M |
|
290
Quanta Services
PWR
$93.9B
| $58M | 0.09% |
1,538,086
-1,439,409
| -48% | -$50.3M |
|
|
LTXB
291
DELISTED
LegacyTexas Financial Group Inc
LTXB
| $58M | 0.09% |
1,551,110
+577,535
| +59% | +$22.6M |
|
|
PPLI
292
People Inc
PPLI
$3.1B
| $57.9M | 0.09% |
1,540,975
-2,257,937
| -59% | -$83.5M |
|
293
Atmos Energy
ATO
$29.9B
| $57.8M | 0.09% |
561,328
+336,150
| +149% | +$32.8M |
|
|
ZEN
294
DELISTED
ZENDESK INC
ZEN
| $57.8M | 0.09% |
679,615
-49,503
| -7% | -$3.63M |
|
295
Under Armour
UAA
$3B
| $57.7M | 0.09% |
2,729,023
+1,300,950
| +91% | +$27.3M |
|
|
STOR
296
DELISTED
STORE Capital Corporation
STOR
| $57.6M | 0.09% |
1,720,386
-1,886,431
| -52% | -$59.5M |
|
297
Pinnacle West Capital
PNW
$12.9B
| $57.4M | 0.09% |
600,711
-292,089
| -33% | -$26.4M |
|
298
Dover
DOV
$27.2B
| $57.4M | 0.09% |
611,969
+357,393
| +140% | +$30.9M |
|
|
CELG
299
PUT
DELISTED
Celgene Corp
CELG
| $57.4M | 0.09% |
+608,000
| New | +$53.2M |
|
300
Caterpillar
CAT
$409B
| $57.3M | 0.09% |
423,085
+179,968
| +74% | +$23.9M |
|
Similar funds
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.