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 | |
|---|---|---|---|---|---|---|
376
Hasbro
HAS
$12.9B
| $57.3M | 0.08% |
679,364
+459,859
| +209% | +$42.7M |
|
377
Spectrum Brands
SPB
$2.09B
| $56.6M | 0.08% |
546,273
-171,426
| -24% | -$18.4M |
|
|
SEMG
378
DELISTED
SEMGROUP CORPORATION
SEMG
| $56.4M | 0.08% |
2,635,903
-170,873
| -6% | -$4.4M |
|
|
CY
379
DELISTED
Cypress Semiconductor
CY
| $56.2M | 0.08% |
3,313,494
+1,382,277
| +72% | +$23.7M |
|
380
Progressive
PGR
$123B
| $56M | 0.07% |
918,710
-355,514
| -28% | -$20.3M |
|
381
Constellation Brands
STZ
$22.4B
| $55.7M | 0.07% |
244,453
+35,773
| +17% | +$7.88M |
|
382
Dentsply Sirona
XRAY
$2.86B
| $55.1M | 0.07% |
1,095,481
+1,075,311
| +5,331% | +$63.3M |
|
|
WBA
383
DELISTED
Walgreens Boots Alliance
WBA
| $54.9M | 0.07% |
839,041
-1,163,920
| -58% | -$83.2M |
|
384
CALL
GE Aerospace
GE
$391B
| $54.9M | 0.07% |
850,110
+829,244
| +3,974% | +$61.4M |
|
385
Portland General Electric
POR
$5.89B
| $54.8M | 0.07% |
1,352,725
-42,977
| -3% | -$1.76M |
|
386
NextEra Energy
NEE
$182B
| $54.5M | 0.07% |
1,335,916
-4,528,036
| -77% | -$175M |
|
387
ON Semiconductor
ON
$31.4B
| $54.5M | 0.07% |
2,228,920
-1,219,172
| -35% | -$29.4M |
|
388
Invitation Homes
INVH
$18.1B
| $54.1M | 0.07% |
2,369,669
-1,605,552
| -40% | -$35.6M |
|
|
WRK
389
DELISTED
WestRock Company
WRK
| $54.1M | 0.07% |
842,946
+834,834
| +10,291% | +$55.1M |
|
|
NEX
390
DELISTED
NexTier Oilfield Solutions Inc.
NEX
| $53.8M | 0.07% |
3,634,818
+1,633,853
| +82% | +$26.7M |
|
391
Madison Square Garden
MSGS
$9.51B
| $53.7M | 0.07% |
306,153
+134,644
| +79% | +$21.8M |
|
392
Estee Lauder
EL
$31.5B
| $53.7M | 0.07% |
358,430
-414,992
| -54% | -$57.5M |
|
393
PayPal
PYPL
$50.1B
| $53.6M | 0.07% |
706,953
-396,074
| -36% | -$31.4M |
|
|
FL
394
DELISTED
Foot Locker
FL
| $53.6M | 0.07% |
1,177,450
-551,687
| -32% | -$25.7M |
|
395
NetApp
NTAP
$37.4B
| $53.6M | 0.07% |
868,751
-365,137
| -30% | -$22.3M |
|
|
ANDV
396
DELISTED
Andeavor
ANDV
| $53.6M | 0.07% |
532,589
+12,104
| +2% | +$1.26M |
|
397
lululemon athletica
LULU
$14B
| $53M | 0.07% |
595,139
-260,657
| -30% | -$20.9M |
|
398
Tronox
TROX
$948M
| $53M | 0.07% |
2,873,760
+840,664
| +41% | +$16.7M |
|
|
HDS
399
DELISTED
HD Supply Holdings, Inc.
HDS
| $53M | 0.07% |
1,396,247
-2,943,412
| -68% | -$111M |
|
400
Norwegian Cruise Line
NCLH
$9.22B
| $52.8M | 0.07% |
996,408
+589,761
| +145% | +$33.5M |
|
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.