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 |
Fortive
FTV
|
+$1.39B |
| 2 |
ANDV
Andeavor
ANDV
|
+$1B |
| 3 |
Citigroup
C
|
+$332M |
| 4 |
Apple
AAPL
|
+$307M |
| 5 |
Oracle
ORCL
|
+$228M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
AABA
Altaba Inc
AABA
|
+$579M |
| 2 |
Electronic Arts
EA
|
+$233M |
| 3 |
Keurig Dr Pepper
KDP
|
+$215M |
| 4 |
APC
Anadarko Petroleum
APC
|
+$206M |
| 5 |
XL
XL Group Ltd.
XL
|
+$190M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 13.4% |
| 2 | Financials | 12.54% |
| 3 | Healthcare | 11.73% |
| 4 | Consumer Discretionary | 9.48% |
| 5 | Industrials | 9.28% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
INFO
326
DELISTED
IHS Markit Ltd. Common Shares
INFO
| $63.8M | 0.08% |
+1,182,819
| New | +$63.6M |
|
327
Jacobs Solutions
J
$15.9B
| $63.8M | 0.08% |
1,008,580
-602,903
| -37% | -$35.4M |
|
328
Petrobras
PBR
$121B
| $63.7M | 0.08% |
5,281,415
+5,245,229
| +14,495% | +$58.2M |
|
|
ORIG
329
DELISTED
Ocean Rig UDW Inc. Class A Common Shares
ORIG
| $63.6M | 0.08% |
1,835,785
+1,414,083
| +335% | +$40.8M |
|
|
CXO
330
DELISTED
CONCHO RESOURCES INC.
CXO
| $63.5M | 0.08% |
415,775
-788,290
| -65% | -$111M |
|
331
Axalta
AXTA
$7.01B
| $63.1M | 0.08% |
2,163,591
-1,573,319
| -42% | -$47.2M |
|
332
Meta Platforms (Facebook)
META
$1.51T
| $62.9M | 0.08% |
382,742
-1,002,297
| -72% | -$181M |
|
|
ZGNX
333
DELISTED
Zogenix, Inc.
ZGNX
| $62.2M | 0.08% |
1,253,554
+803,383
| +178% | +$40.9M |
|
|
STL
334
DELISTED
Sterling Bancorp
STL
| $62.1M | 0.08% |
2,820,753
+396,242
| +16% | +$9.02M |
|
335
Altria Group
MO
$122B
| $62M | 0.08% |
1,027,453
+747,241
| +267% | +$44.4M |
|
336
Huntsman Corp
HUN
$2.24B
| $61.9M | 0.08% |
2,274,038
+254,729
| +13% | +$7.76M |
|
|
CZR
337
DELISTED
Caesars Entertainment Corporation
CZR
| $61.5M | 0.08% |
6,002,650
+946,528
| +19% | +$9.96M |
|
|
RTN
338
DELISTED
Raytheon Company
RTN
| $61.4M | 0.08% |
297,281
-53,933
| -15% | -$10.7M |
|
339
RH
RH
$3.3B
| $61.1M | 0.07% |
466,075
+342,775
| +278% | +$48.1M |
|
|
SCHW
340
Charles Schwab
SCHW
$177B
| $61.1M | 0.07% |
1,242,311
+1,169,533
| +1,607% | +$59.7M |
|
|
TSRO
341
DELISTED
TESARO, Inc.
TSRO
| $60.9M | 0.07% |
1,560,761
+1,364,520
| +695% | +$48.2M |
|
342
S&P Global
SPGI
$126B
| $60.8M | 0.07% |
310,922
-263,085
| -46% | -$54.3M |
|
343
Lear
LEA
$7.19B
| $60.5M | 0.07% |
417,583
+325,082
| +351% | +$55.7M |
|
344
Northrop Grumman
NOC
$77B
| $60.4M | 0.07% |
190,265
-410,716
| -68% | -$125M |
|
|
LLL
345
DELISTED
L3 Technologies, Inc.
LLL
| $60.3M | 0.07% |
283,706
-254,536
| -47% | -$53M |
|
|
AMTD
346
DELISTED
TD Ameritrade Holding Corp
AMTD
| $60.1M | 0.07% |
1,137,824
+805,388
| +242% | +$45.8M |
|
347
First Hawaiian
FHB
$3.42B
| $59.9M | 0.07% |
2,206,686
+1,194,530
| +118% | +$34.2M |
|
|
NEWR
348
DELISTED
New Relic, Inc.
NEWR
| $59.8M | 0.07% |
634,585
+99,285
| +19% | +$10.3M |
|
349
ManpowerGroup
MAN
$2.39B
| $59.4M | 0.07% |
690,798
-30,817
| -4% | -$2.74M |
|
350
Evolent Health
EVH
$475M
| $59.2M | 0.07% |
2,084,056
-1,002,688
| -32% | -$23.9M |
|
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Millennium Management's Q3 2018 Portfolio in Review
As of Q3 2018, Millennium Management held 4,590 positions worth $81.6B, up 6.4% from $76.7B the previous quarter. Its ten largest holdings account for 10% of the portfolio.
Millennium Management's Q3 2018 filing shows 841 new, 1,291 increased, 1,638 reduced and 748 closed positions. Its largest new stake was Fortive: 27,116,929 shares worth $1.44B. The largest sale was Altaba Inc, an estimated $579M.
By sector, the portfolio is most concentrated in Technology at 13% of assets, up from 12% a quarter earlier, followed by Financials and Healthcare.
- Millennium Management's largest Q3 2018 buy was Fortive: 27,116,929 shares worth $1.44B.
- Millennium Management added most to Andeavor in Q3 2018, an estimated $1B increase.
- Millennium Management's biggest Q3 2018 reduction was Altaba Inc, cutting an estimated $579M.
- Millennium Management fully exited XL Group Ltd. in Q3 2018, selling an estimated $190M.
- Millennium Management's ten largest holdings make up 10% of its $81.6B portfolio in Q3 2018.
- Millennium Management opened 841 new positions and closed 748 in Q3 2018.
- Millennium Management's portfolio value rose 6.4% quarter-over-quarter to $81.6B.
Based on Millennium Management's 13F filing for Q3 2018, filed 14 Nov 2018.