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 | |
|---|---|---|---|---|---|---|
|
FDC
426
DELISTED
First Data Corporation
FDC
| $49.4M | 0.07% |
3,089,610
-856,075
| -22% | -$14.2M |
|
427
National Health Investors
NHI
$3.61B
| $49.2M | 0.07% |
731,705
+78,703
| +12% | +$5.38M |
|
428
NVIDIA
NVDA
$5.13T
| $49.2M | 0.07% |
8,490,600
+8,389,360
| +8,287% | +$49.3M |
|
429
Xcel Energy
XEL
$48.6B
| $48.9M | 0.07% |
1,075,362
+1,015,020
| +1,682% | +$45.2M |
|
430
Xerox
XRX
$424M
| $48.9M | 0.07% |
1,698,526
+1,197,972
| +239% | +$36.8M |
|
431
Expedia Group
EXPE
$37.5B
| $48.8M | 0.07% |
442,001
-4
| -0% | -$466 |
|
432
Camping World
CWH
$676M
| $48.7M | 0.07% |
1,510,351
+578,046
| +62% | +$23.5M |
|
433
AGCO
AGCO
$7.51B
| $48.7M | 0.06% |
750,299
+48,800
| +7% | +$3.37M |
|
|
CTXS
434
DELISTED
Citrix Systems Inc
CTXS
| $48.6M | 0.06% |
523,709
+21,806
| +4% | +$2.01M |
|
|
DFS
435
DELISTED
Discover Financial Services
DFS
| $48.6M | 0.06% |
675,598
-142,094
| -17% | -$11M |
|
|
AIV
436
Aimco
AIV
$384M
| $48.5M | 0.06% |
8,935,537
+1,763,213
| +25% | +$9.45M |
|
437
CALL
Meta Platforms (Facebook)
META
$1.5T
| $48.4M | 0.06% |
+303,000
| New | +$54.4M |
|
438
Timken Company
TKR
$9.18B
| $48.4M | 0.06% |
1,060,345
+338,365
| +47% | +$16.3M |
|
439
Emergent Biosolutions
EBS
$391M
| $48.3M | 0.06% |
917,065
+209,581
| +30% | +$10.4M |
|
|
CDK
440
DELISTED
CDK Global, Inc.
CDK
| $48.2M | 0.06% |
760,356
+676,076
| +802% | +$47.3M |
|
|
FCE.A
441
DELISTED
Forest City Realty Trust, Inc.
FCE.A
| $47.9M | 0.06% |
2,365,658
+833,386
| +54% | +$18.5M |
|
442
SPDR Gold Trust
GLD
$132B
| $47.9M | 0.06% |
380,825
+266,068
| +232% | +$33.6M |
|
443
Principal Financial Group
PFG
$24.7B
| $47.6M | 0.06% |
781,362
-161,486
| -17% | -$10.6M |
|
444
IBM
IBM
$222B
| $47.6M | 0.06% |
324,365
-363,577
| -53% | -$55M |
|
445
Moody's
MCO
$83.8B
| $47.6M | 0.06% |
294,820
+281,146
| +2,056% | +$45.5M |
|
|
MDR
446
DELISTED
McDermott International
MDR
| $47.5M | 0.06% |
2,598,330
+190,515
| +8% | +$4.35M |
|
447
Jacobs Solutions
J
$16.8B
| $47.5M | 0.06% |
970,081
+121,378
| +14% | +$6.42M |
|
448
Ryder
R
$10.3B
| $47.2M | 0.06% |
647,998
+80,097
| +14% | +$6.45M |
|
449
Carter's
CRI
$1.46B
| $47.2M | 0.06% |
453,094
-416,084
| -48% | -$48.4M |
|
450
Advance Auto Parts
AAP
$3.55B
| $47.1M | 0.06% |
397,080
-383,655
| -49% | -$43.8M |
|
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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.