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 | |
|---|---|---|---|---|---|---|
|
CASA
3251
DELISTED
Casa Systems, Inc. Common Stock
CASA
| $265K | ﹤0.01% |
+20,220
| New | +$290K |
|
|
LEAF
3252
DELISTED
Leaf Group Ltd.
LEAF
| $265K | ﹤0.01% |
38,736
-14,505
| -27% | -$124K |
|
|
KYNB
3253
Kyntra Bio
KYNB
$28.5M
| $264K | ﹤0.01% |
228
-4,036
| -95% | -$4.54M |
|
3254
Chefs' Warehouse
CHEF
$4.01B
| $263K | ﹤0.01% |
8,216
-36,636
| -82% | -$1.27M |
|
3255
SFL Corp
SFL
$1.61B
| $263K | ﹤0.01% |
+24,945
| New | +$312K |
|
|
GAU
3256
Galiano Gold
GAU
$465M
| $262K | ﹤0.01% |
409,888
+133,005
| +48% | +$97.2K |
|
3257
S&T Bancorp
STBA
$1.92B
| $262K | ﹤0.01% |
6,931
+2,216
| +47% | +$89.3K |
|
|
LLL
3258
DELISTED
L3 Technologies, Inc.
LLL
| $261K | ﹤0.01% |
1,502
-282,204
| -99% | -$54.3M |
|
3259
HealthStream
HSTM
$832M
| $260K | ﹤0.01% |
10,750
+2,282
| +27% | +$59.2K |
|
|
PZN
3260
DELISTED
Pzena Investment Management, Inc. Class A
PZN
| $259K | ﹤0.01% |
29,980
-21,356
| -42% | -$207K |
|
3261
Skywest
SKYW
$4.49B
| $258K | ﹤0.01% |
5,809
-12,724
| -69% | -$657K |
|
3262
CALL
AMC Entertainment Holdings
AMC
$2.26B
| $257K | ﹤0.01% |
2,090
| – | – |
|
3263
KNOT Offshore Partners
KNOP
$351M
| $257K | ﹤0.01% |
+14,358
| New | +$290K |
|
|
SPNS
3264
DELISTED
Sapiens International
SPNS
| $257K | ﹤0.01% |
23,343
-70,865
| -75% | -$814K |
|
3265
CALL
Take-Two Interactive
TTWO
$45.4B
| $257K | ﹤0.01% |
2,500
| – | – |
|
3266
West Bancorporation
WTBA
$480M
| $257K | ﹤0.01% |
13,452
-7,445
| -36% | -$157K |
|
3267
TETRA Technologies
TTI
$1.06B
| $256K | ﹤0.01% |
152,292
-434,711
| -74% | -$1.21M |
|
3268
Urban One Class D
UONEK
$22.6M
| $256K | ﹤0.01% |
15,901
-3,997
| -20% | -$84.2K |
|
|
MSVB
3269
DELISTED
Mid-Southern Bancorp, Inc.
MSVB
| $256K | ﹤0.01% |
22,104
-9,853
| -31% | -$120K |
|
|
NBEV
3270
DELISTED
NewAge, Inc. Common Stock (Delaware)
NBEV
| $256K | ﹤0.01% |
+49,248
| New | +$258K |
|
3271
Entegris
ENTG
$18.4B
| $255K | ﹤0.01% |
9,155
-115,471
| -93% | -$3.12M |
|
|
EIGR
3272
DELISTED
Eiger BioPharmaceuticals, Inc.
EIGR
| $255K | ﹤0.01% |
+836
| New | +$270K |
|
|
LION
3273
DELISTED
Fidelity Southern Corporation
LION
| $255K | ﹤0.01% |
+9,806
| New | +$231K |
|
3274
Bionano Genomics
BNGO
$12.5M
| $254K | ﹤0.01% |
+81
| New | +$323K |
|
3275
Columbia Financial
CLBK
$1.14B
| $254K | ﹤0.01% |
16,600
+2,023
| +14% | +$31.6K |
|
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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.