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 |
Boston Scientific
BSX
|
+$240M |
| 2 |
eBay
EBAY
|
+$231M |
| 3 |
PXD
Pioneer Natural Resource Co.
PXD
|
+$216M |
| 4 |
Ameren
AEE
|
+$196M |
| 5 |
Kohl's
KSS
|
+$182M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$552M |
| 2 |
Micron Technology
MU
|
+$425M |
| 3 |
Visa
V
|
+$225M |
| 4 |
Marathon Petroleum
MPC
|
+$225M |
| 5 |
ESRX
Express Scripts Holding Company
ESRX
|
+$218M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 13.6% |
| 2 | Healthcare | 12.02% |
| 3 | Technology | 11.62% |
| 4 | Industrials | 11.19% |
| 5 | Consumer Discretionary | 10.9% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
3351
Vince Holding Corp
VNCE
$79.1M
| $203K | ﹤0.01% |
22,678
-11,681
| -34% | -$90.2K |
|
3352
Neogen
NEOG
$1.98B
| $202K | ﹤0.01% |
6,024
-67,413
| -92% | -$2.03M |
|
|
CEM
3353
DELISTED
ClearBridge MLP and Midstream Fund Inc.
CEM
| $202K | ﹤0.01% |
3,205
-15,058
| -82% | -$1.16M |
|
3354
Brinker International
EAT
$8.72B
| $201K | ﹤0.01% |
5,575
-1,827,143
| -100% | -$66.4M |
|
|
PEO
3355
Adams Natural Resources Fund
PEO
$732M
| $199K | ﹤0.01% |
11,327
-3,913
| -26% | -$72.8K |
|
3356
Destination XL Group
DXLG
$34.3M
| $197K | ﹤0.01% |
112,474
-68,665
| -38% | -$164K |
|
3357
Liquidity Services
LQDT
$1.2B
| $197K | ﹤0.01% |
30,367
-119
| -0.4% | -$752 |
|
3358
e.l.f. Beauty
ELF
$4.82B
| $196K | ﹤0.01% |
10,102
-10,426
| -51% | -$207K |
|
3359
Expro Ltd
XPRO
$1.72B
| $194K | ﹤0.01% |
5,950
-1,256
| -17% | -$48.6K |
|
|
LX
3360
LexinFintech Holdings
LX
$247M
| $191K | ﹤0.01% |
13,160
-43,089
| -77% | -$660K |
|
|
KTWO
3361
DELISTED
K2M Group Holdings, Inc
KTWO
| $191K | ﹤0.01% |
10,080
-8,507
| -46% | -$169K |
|
3362
QuinStreet
QNST
$919M
| $190K | ﹤0.01% |
14,880
-321,508
| -96% | -$3.76M |
|
|
SHOS
3363
DELISTED
Sears Hometown and Outlet Stores, Inc.
SHOS
| $189K | ﹤0.01% |
62,896
-9,399
| -13% | -$21.8K |
|
3364
Nuveen AMT-Free Quality Municipal Income Fund
NEA
$3.39B
| $188K | ﹤0.01% |
14,449
+2,328
| +19% | +$30.7K |
|
|
WSR
3365
DELISTED
Whitestone REIT
WSR
| $188K | ﹤0.01% |
18,134
-109,725
| -86% | -$1.34M |
|
|
BFK
3366
DELISTED
BlackRock Municipal Income Trust
BFK
| $187K | ﹤0.01% |
+14,504
| New | +$195K |
|
3367
KVH Industries
KVHI
$173M
| $186K | ﹤0.01% |
18,011
-924
| -5% | -$9.88K |
|
3368
Cohen & Steers Closed End Opportunity Fund
FOF
$374M
| $185K | ﹤0.01% |
+14,999
| New | +$193K |
|
|
EVV
3369
Eaton Vance Limited Duration Income Fund
EVV
$1.05B
| $183K | ﹤0.01% |
14,040
-107,110
| -88% | -$1.42M |
|
|
GCAP
3370
DELISTED
Gain Capital Holdings, Inc.
GCAP
| $183K | ﹤0.01% |
27,106
-157,366
| -85% | -$1.18M |
|
|
TI
3371
DELISTED
Telecom Italia
TI
| $183K | ﹤0.01% |
+19,123
| New | +$176K |
|
|
OCSI
3372
DELISTED
Oaktree Strategic Income Corporation
OCSI
| $182K | ﹤0.01% |
23,126
+7,281
| +46% | +$58.4K |
|
3373
SSR Mining
SSRM
$5.07B
| $181K | ﹤0.01% |
18,872
-79,721
| -81% | -$697K |
|
|
LUB
3374
DELISTED
Luby's Inc.
LUB
| $180K | ﹤0.01% |
64,701
-16,436
| -20% | -$47.1K |
|
|
MUI
3375
DELISTED
BlackRock Municipal Income Fund, Inc.
MUI
| $178K | ﹤0.01% |
13,606
-3,224
| -19% | -$43.4K |
|
Similar funds
Millennium Management's Q1 2018 Portfolio in Review
As of Q1 2018, Millennium Management held 4,417 positions worth $74.9B, up 3.4% from $72.5B the previous quarter. Its ten largest holdings account for 6.3% of the portfolio.
Millennium Management deployed $3.3B of net new capital in Q1 2018, opening 664 new positions and adding to 1,467 existing holdings. Its largest new stake was Tiffany & Co.: 1,078,847 shares worth $105M.
By sector, the portfolio is most concentrated in Financials at 14% of assets, down from 14% a quarter earlier, followed by Healthcare and Technology.
On the sell side, the largest reduction was State Street SPDR S&P 500 ETF Trust, an estimated $552M trimmed.
- Millennium Management's largest Q1 2018 buy was Tiffany & Co.: 1,078,847 shares worth $105M.
- Millennium Management added most to Boston Scientific in Q1 2018, an estimated $240M increase.
- Millennium Management's biggest Q1 2018 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $552M.
- Millennium Management fully exited Equinix in Q1 2018, selling an estimated $152M.
- Millennium Management's ten largest holdings make up 6.3% of its $74.9B portfolio in Q1 2018.
- Millennium Management opened 664 new positions and closed 833 in Q1 2018.
- Millennium Management's portfolio value rose 3.4% quarter-over-quarter to $74.9B.
Based on Millennium Management's 13F filing for Q1 2018, filed 15 May 2018.