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 | |
|---|---|---|---|---|---|---|
|
WRK
351
DELISTED
WestRock Company
WRK
| $59.2M | 0.07% |
1,107,078
-303,677
| -22% | -$17M |
|
352
CarMax
KMX
$8.27B
| $59.2M | 0.07% |
792,173
+303,581
| +62% | +$23.2M |
|
353
Sabre
SABR
$656M
| $59M | 0.07% |
2,263,163
-182,796
| -7% | -$4.69M |
|
354
Robert Half
RHI
$3.61B
| $58.7M | 0.07% |
834,138
+754,591
| +949% | +$55.3M |
|
|
VXX
355
PUT
DELISTED
iPath S&P 500 VIX Short-Term Futures ETN due 1/30/2019
VXX
| $58.6M | 0.07% |
2,199,000
+259,000
| +13% | +$7.78M |
|
356
Post Holdings
POST
$4.12B
| $58.6M | 0.07% |
913,385
-262,524
| -22% | -$16.1M |
|
357
Warner Bros
WBD
$64.6B
| $58.4M | 0.07% |
1,825,871
+1,047,428
| +135% | +$29.5M |
|
|
NFX
358
DELISTED
Newfield Exploration
NFX
| $58.3M | 0.07% |
2,020,837
+382,631
| +23% | +$10.8M |
|
|
WFT
359
DELISTED
Weatherford International plc
WFT
| $58.2M | 0.07% |
21,474,647
-7,769,907
| -27% | -$22.8M |
|
360
Humana
HUM
$46.7B
| $58.2M | 0.07% |
171,803
+76,707
| +81% | +$24.9M |
|
|
ESV
361
DELISTED
Ensco Rowan plc
ESV
| $58M | 0.07% |
1,718,217
-1,474,771
| -46% | -$42.2M |
|
|
JNPR
362
DELISTED
Juniper Networks
JNPR
| $57.9M | 0.07% |
1,932,635
+1,917,558
| +12,718% | +$53.6M |
|
363
Simply Good Foods
SMPL
$904M
| $57.9M | 0.07% |
2,974,541
+552,687
| +23% | +$9.61M |
|
364
Steel Dynamics
STLD
$35.6B
| $57.8M | 0.07% |
1,279,770
+1,022,942
| +398% | +$47.1M |
|
365
Duke Energy
DUK
$102B
| $57.7M | 0.07% |
720,892
-1,019,725
| -59% | -$82.5M |
|
366
United Parcel Service
UPS
$97.6B
| $57.1M | 0.07% |
489,055
+73,047
| +18% | +$8.6M |
|
367
Regency Centers
REG
$15B
| $57M | 0.07% |
881,827
-1,605,501
| -65% | -$102M |
|
|
PXD
368
CALL
DELISTED
Pioneer Natural Resource Co.
PXD
| $56.8M | 0.07% |
326,300
| – | – |
|
369
Federal Realty Investment Trust
FRT
$10.9B
| $56.8M | 0.07% |
449,350
-46,767
| -9% | -$5.94M |
|
370
Ameris Bancorp
ABCB
$5.89B
| $55.9M | 0.07% |
1,223,028
+871,726
| +248% | +$43.2M |
|
371
Twilio
TWLO
$29.1B
| $55.6M | 0.07% |
644,294
-239,607
| -27% | -$17.5M |
|
372
Veeva Systems
VEEV
$30.3B
| $55.6M | 0.07% |
510,575
+273,748
| +116% | +$24.8M |
|
373
Douglas Emmett
DEI
$2.06B
| $55.4M | 0.07% |
1,468,514
+1,364,576
| +1,313% | +$53.2M |
|
374
PUT
Amazon
AMZN
$2.5T
| $55.3M | 0.07% |
552,000
+122,000
| +28% | +$11.5M |
|
375
CALL
Abbott
ABT
$180B
| $55M | 0.07% |
+750,000
| New | +$49.2M |
|
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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.