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 |
Walt Disney
DIS
|
+$655M |
| 2 |
Coty
COTY
|
+$380M |
| 3 |
ConocoPhillips
COP
|
+$250M |
| 4 |
Zimmer Biomet
ZBH
|
+$213M |
| 5 |
Valero Energy
VLO
|
+$170M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$523M |
| 2 |
Merck
MRK
|
+$375M |
| 3 |
SHPG
Shire pic
SHPG
|
+$362M |
| 4 |
Alphabet (Google) Class C
GOOG
|
+$310M |
| 5 |
CELG
Celgene Corp
CELG
|
+$286M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 12.54% |
| 2 | Technology | 10.66% |
| 3 | Financials | 10.63% |
| 4 | Consumer Discretionary | 9.38% |
| 5 | Industrials | 7.88% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
451
PUT
State Street Health Care Select Sector SPDR ETF
XLV
$42.3B
| $38M | 0.06% |
414,600
+214,600
| +107% | +$19.3M |
|
452
LivaNova
LIVN
$4.4B
| $37.9M | 0.06% |
389,272
+361,346
| +1,294% | +$33.7M |
|
453
Domino's
DPZ
$11.5B
| $37.8M | 0.06% |
146,260
+129,557
| +776% | +$33.7M |
|
454
CareTrust REIT
CTRE
$10.1B
| $37.6M | 0.06% |
1,604,213
-398,765
| -20% | -$8.74M |
|
455
Eastman Chemical
EMN
$7.74B
| $37.6M | 0.06% |
495,779
+431,374
| +670% | +$34.3M |
|
|
APLS
456
DELISTED
Apellis Pharmaceuticals
APLS
| $37.6M | 0.06% |
1,926,566
+744,181
| +63% | +$11.7M |
|
457
VICI Properties
VICI
$29.6B
| $37.5M | 0.06% |
1,713,153
+872,750
| +104% | +$18.4M |
|
458
Bunge Global
BG
$22.8B
| $37.5M | 0.06% |
706,061
-67,251
| -9% | -$3.57M |
|
459
GSK
GSK
$104B
| $37.5M | 0.06% |
716,986
+424,726
| +145% | +$21.2M |
|
460
ServiceNow
NOW
$110B
| $37.4M | 0.06% |
759,465
-413,445
| -35% | -$18.2M |
|
|
SRCI
461
DELISTED
SRC Energy Inc
SRCI
| $37.2M | 0.06% |
7,270,695
+761,923
| +12% | +$3.73M |
|
|
462
Apple
AAPL
$4.94T
| $37.2M | 0.06% |
783,832
-12,337,596
| -94% | -$523M |
|
463
New Oriental
EDU
$7.92B
| $37.2M | 0.06% |
412,754
+384,031
| +1,337% | +$28.9M |
|
|
EXAS
464
DELISTED
Exact Sciences
EXAS
| $37.2M | 0.06% |
429,248
-65,861
| -13% | -$5.61M |
|
465
PUT
Comcast
CMCSA
$82.4B
| $37.2M | 0.06% |
929,700
+479,700
| +107% | +$18M |
|
466
Hexcel
HXL
$8.16B
| $37.2M | 0.06% |
537,397
+517,213
| +2,562% | +$34.8M |
|
|
ARRY
467
DELISTED
Array Biopharma Inc
ARRY
| $37.1M | 0.06% |
1,521,778
-1,477,556
| -49% | -$30.8M |
|
468
Outfront Media
OUT
$5.68B
| $37M | 0.06% |
1,607,159
-365,650
| -19% | -$7.67M |
|
469
Williams-Sonoma
WSM
$27.2B
| $36.8M | 0.06% |
+1,308,682
| New | +$36.1M |
|
|
DATA
470
DELISTED
Tableau Software, Inc.
DATA
| $36.8M | 0.06% |
288,921
-286,942
| -50% | -$36.2M |
|
471
CALL
SPDR Gold Trust
GLD
$132B
| $36.6M | 0.05% |
300,000
-850,000
| -74% | -$105M |
|
472
United Airlines
UAL
$38.9B
| $36.5M | 0.05% |
458,010
-2,446,425
| -84% | -$206M |
|
473
CALL
Baidu
BIDU
$36.1B
| $36.5M | 0.05% |
+221,300
| New | +$37M |
|
474
Unum
UNM
$13.8B
| $36.3M | 0.05% |
1,073,681
-138,259
| -11% | -$4.81M |
|
475
OGE Energy
OGE
$10.2B
| $36.3M | 0.05% |
842,345
-644,525
| -43% | -$26.7M |
|
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Millennium Management's Q1 2019 Portfolio in Review
As of Q1 2019, Millennium Management held 4,608 positions worth $66.8B, up 4.2% from $64.1B the previous quarter. Its ten largest holdings account for 7.1% of the portfolio.
Millennium Management withdrew a net $6.14B in Q1 2019, closing 675 positions and reducing 1,467 holdings. Its most notable exit was Merck, an estimated $375M position sold in full.
By sector, the portfolio is most concentrated in Healthcare at 13% of assets, down from 13% a quarter earlier, followed by Technology and Financials.
Against the trend, Millennium Management opened a new position in Zimmer Biomet worth $232M.
- Millennium Management's largest Q1 2019 buy was Zimmer Biomet: 1,870,503 shares worth $232M.
- Millennium Management added most to Walt Disney in Q1 2019, an estimated $655M increase.
- Millennium Management's biggest Q1 2019 reduction was Apple, cutting an estimated $523M.
- Millennium Management fully exited Merck in Q1 2019, selling an estimated $375M.
- Millennium Management's ten largest holdings make up 7.1% of its $66.8B portfolio in Q1 2019.
- Millennium Management opened 914 new positions and closed 675 in Q1 2019.
- Millennium Management's portfolio value rose 4.2% quarter-over-quarter to $66.8B.
Based on Millennium Management's 13F filing for Q1 2019, filed 14 May 2019.