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 | |
|---|---|---|---|---|---|---|
3276
Capital Southwest
CSWC
$1.48B
| $254K | ﹤0.01% |
13,209
+2,945
| +29% | +$56.8K |
|
3277
Vanguard Industrials ETF
VIS
$8.22B
| $254K | ﹤0.01% |
+2,107
| New | +$279K |
|
|
Y
3278
DELISTED
Alleghany Corp
Y
| $254K | ﹤0.01% |
408
-37,525
| -99% | -$23.1M |
|
|
CALA
3279
DELISTED
Calithera Biosciences, Inc
CALA
| $254K | ﹤0.01% |
3,163
+389
| +14% | +$38.4K |
|
3280
Cytokinetics
CYTK
$10.8B
| $251K | ﹤0.01% |
39,704
-189,213
| -83% | -$1.39M |
|
3281
CALL
Micron Technology
MU
$928B
| $251K | ﹤0.01% |
+7,900
| New | +$299K |
|
|
PMO
3282
Franklin Municipal Opportunities Trust
PMO
$284M
| $251K | ﹤0.01% |
+22,321
| New | +$250K |
|
3283
XBiotech
XBIT
$70.4M
| $249K | ﹤0.01% |
49,036
-113,392
| -70% | -$465K |
|
|
GSKY
3284
DELISTED
GreenSky, Inc. Class A Common Stock
GSKY
| $249K | ﹤0.01% |
26,000
-523,151
| -95% | -$6.1M |
|
3285
Forte Biosciences
FBRX
$1.57B
| $248K | ﹤0.01% |
81
-143
| -64% | -$616K |
|
3286
Cracker Barrel
CBRL
$1.16B
| $247K | ﹤0.01% |
1,546
-63,928
| -98% | -$10.5M |
|
3287
FreightCar America
RAIL
$276M
| $247K | ﹤0.01% |
+36,963
| New | +$419K |
|
|
GBL
3288
DELISTED
GAMCO Investors, Inc.
GBL
| $247K | ﹤0.01% |
14,635
-6,968
| -32% | -$143K |
|
|
THR
3289
DELISTED
Thermon Group Holdings
THR
| $246K | ﹤0.01% |
12,126
-109,258
| -90% | -$2.46M |
|
3290
Coty
COTY
$2.49B
| $245K | ﹤0.01% |
37,322
-368,192
| -91% | -$3.4M |
|
3291
Green Dot
GDOT
$757M
| $245K | ﹤0.01% |
3,078
-241,211
| -99% | -$19.1M |
|
|
HQCL
3292
DELISTED
Hanwha Q CELLS Co., Ltd.
HQCL
| $245K | ﹤0.01% |
25,106
-38,734
| -61% | -$365K |
|
|
BLE
3293
DELISTED
BlackRock Municipal Income Trust II
BLE
| $244K | ﹤0.01% |
+18,900
| New | +$242K |
|
3294
Peapack-Gladstone Financial
PGC
$839M
| $244K | ﹤0.01% |
9,703
-118,416
| -92% | -$3.27M |
|
3295
Zillow
ZG
$7.67B
| $244K | ﹤0.01% |
7,767
-3,977
| -34% | -$140K |
|
|
HR
3296
DELISTED
Healthcare Realty Trust Incorporated
HR
| $244K | ﹤0.01% |
8,593
-10,873
| -56% | -$315K |
|
3297
Advanced Energy
AEIS
$10.9B
| $243K | ﹤0.01% |
5,670
+1,317
| +30% | +$58.7K |
|
|
VRTU
3298
DELISTED
Virtusa Corporation
VRTU
| $243K | ﹤0.01% |
5,700
-58,512
| -91% | -$2.67M |
|
|
ZNH
3299
DELISTED
China Southern Airlines Company Limited
ZNH
| $242K | ﹤0.01% |
+7,960
| New | +$244K |
|
3300
Rogers Communications
RCI
$18.3B
| $241K | ﹤0.01% |
4,700
-4,358
| -48% | -$226K |
|
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.