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 | |
|---|---|---|---|---|---|---|
3101
AMC Entertainment Holdings
AMC
$2.38B
| $366K | ﹤0.01% |
2,979
-23,023
| -89% | -$3.77M |
|
3102
Costamare
CMRE
$1.86B
| $366K | ﹤0.01% |
83,322
-20,307
| -20% | -$107K |
|
3103
Duluth Holdings
DLTH
$163M
| $365K | ﹤0.01% |
14,451
-9,885
| -41% | -$282K |
|
|
AXAS
3104
DELISTED
Abraxas Petroleum Corp
AXAS
| $365K | ﹤0.01% |
16,753
-30,575
| -65% | -$1.07M |
|
|
AVCT
3105
DELISTED
American Virtual Cloud Technologies, Inc. Common Stock
AVCT
| $364K | ﹤0.01% |
2,395
+746
| +45% | +$112K |
|
|
INWK
3106
DELISTED
InnerWorkings, Inc.
INWK
| $364K | ﹤0.01% |
97,341
+26,549
| +38% | +$148K |
|
3107
Primerica
PRI
$10B
| $362K | ﹤0.01% |
3,708
-58,308
| -94% | -$6.48M |
|
3108
Erie Indemnity
ERIE
$12.7B
| $361K | ﹤0.01% |
2,709
-16,419
| -86% | -$2.13M |
|
3109
Howmet Aerospace
HWM
$114B
| $361K | ﹤0.01% |
27,949
-434,989
| -94% | -$6.8M |
|
3110
Q2 Holdings
QTWO
$3.71B
| $361K | ﹤0.01% |
7,290
-49,743
| -87% | -$2.54M |
|
|
BFIN
3111
DELISTED
BankFinancial
BFIN
| $360K | ﹤0.01% |
24,099
-34,991
| -59% | -$516K |
|
3112
Grupo Cibest SA
CIB
$21.1B
| $359K | ﹤0.01% |
9,432
-11,313
| -55% | -$452K |
|
3113
Funko
FNKO
$355M
| $359K | ﹤0.01% |
27,286
-49,506
| -64% | -$827K |
|
|
PHD
3114
DELISTED
Pioneer Floating Rate Fund
PHD
| $359K | ﹤0.01% |
+36,450
| New | +$382K |
|
3115
Consolidated Water Co
CWCO
$484M
| $358K | ﹤0.01% |
+30,661
| New | +$384K |
|
|
TRIB
3116
Trinity Biotech
TRIB
$8.4M
| $358K | ﹤0.01% |
1,041
-56
| -5% | -$25.9K |
|
3117
Miller Industries
MLR
$584M
| $357K | ﹤0.01% |
13,231
+3,961
| +43% | +$105K |
|
|
PHT
3118
DELISTED
Pioneer High Income Fund
PHT
| $356K | ﹤0.01% |
+44,724
| New | +$384K |
|
3119
RCI Hospitality Holdings
RICK
$203M
| $356K | ﹤0.01% |
15,925
-10,200
| -39% | -$256K |
|
|
WIW
3120
Western Asset Inflation-Linked Opportunities & Income Fund
WIW
$507M
| $356K | ﹤0.01% |
+35,100
| New | +$364K |
|
|
ACP
3121
abrdn Income Credit Strategies Fund
ACP
$631M
| $355K | ﹤0.01% |
+35,047
| New | +$422K |
|
3122
PUT
Cognizant
CTSH
$23.8B
| $355K | ﹤0.01% |
+5,600
| New | +$390K |
|
3123
Green Plains
GPRE
$1.15B
| $355K | ﹤0.01% |
27,116
-914,203
| -97% | -$15M |
|
|
ARI
3124
Apollo Commercial Real Estate
ARI
$881M
| $353K | ﹤0.01% |
21,202
-8,752
| -29% | -$162K |
|
|
HDV
3125
iShares Core High Dividend ETF
HDV
$14.7B
| $353K | ﹤0.01% |
20,925
-6,805
| -25% | -$121K |
|
Similar funds
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.