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 |
CELG
Celgene Corp
CELG
|
+$379M |
| 2 |
Starbucks
SBUX
|
+$371M |
| 3 |
APC
Anadarko Petroleum
APC
|
+$287M |
| 4 |
Bristol-Myers Squibb
BMY
|
+$263M |
| 5 |
Tesla
TSLA
|
+$253M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Fortive
FTV
|
+$1.27B |
| 2 |
ANDV
Andeavor
ANDV
|
+$1.11B |
| 3 |
AET
Aetna Inc
AET
|
+$535M |
| 4 |
Microsoft
MSFT
|
+$350M |
| 5 |
Amazon
AMZN
|
+$290M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 12.69% |
| 2 | Technology | 12.68% |
| 3 | Financials | 12.18% |
| 4 | Consumer Discretionary | 10.77% |
| 5 | Industrials | 9.47% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
VSM
501
DELISTED
Versum Materials, Inc.
VSM
| $32.5M | 0.05% |
1,173,995
+1,051,511
| +858% | +$33.2M |
|
502
PUT
Costco
COST
$415B
| $32.4M | 0.05% |
159,100
+41,400
| +35% | +$9.25M |
|
503
Align Technology
ALGN
$12B
| $32.3M | 0.05% |
154,461
+153,756
| +21,809% | +$38.8M |
|
504
NVR
NVR
$17.2B
| $32.3M | 0.05% |
13,262
-15,771
| -54% | -$37.3M |
|
505
Essex Property Trust
ESS
$18.9B
| $32.3M | 0.05% |
131,705
-209,749
| -61% | -$52.9M |
|
506
Sunrun
RUN
$2.37B
| $32.1M | 0.05% |
2,946,325
+1,757,496
| +148% | +$22.2M |
|
|
CXO
507
DELISTED
CONCHO RESOURCES INC.
CXO
| $32M | 0.05% |
311,770
-104,005
| -25% | -$13.8M |
|
508
UDR
UDR
$12.9B
| $32M | 0.05% |
808,635
+751,625
| +1,318% | +$30.4M |
|
509
CALL
State Street Technology Select Sector SPDR ETF
XLK
$115B
| $31.8M | 0.05% |
+1,025,800
| New | +$34.7M |
|
|
DISH
510
DELISTED
DISH Network Corp.
DISH
| $31.6M | 0.05% |
1,265,216
-2,058,226
| -62% | -$64.6M |
|
511
CVR Energy
CVI
$3.36B
| $31.5M | 0.05% |
913,133
-1,513,782
| -62% | -$57.6M |
|
512
Stellantis
STLA
$16.5B
| $31.5M | 0.05% |
2,175,735
+54,148
| +3% | +$872K |
|
513
Jazz Pharmaceuticals
JAZZ
$15.9B
| $31.3M | 0.05% |
252,406
+138,007
| +121% | +$20.5M |
|
514
Hyatt Hotels
H
$17.6B
| $31.3M | 0.05% |
462,670
-790,846
| -63% | -$55.4M |
|
|
LTXB
515
DELISTED
LegacyTexas Financial Group Inc
LTXB
| $31.2M | 0.05% |
973,575
+713,995
| +275% | +$27.3M |
|
|
EXAS
516
DELISTED
Exact Sciences
EXAS
| $31.2M | 0.05% |
495,109
-30,024
| -6% | -$2.06M |
|
517
Air Products & Chemicals
APD
$66.3B
| $31.2M | 0.05% |
194,924
+60,268
| +45% | +$9.55M |
|
518
DuPont de Nemours
DD
$18.6B
| $31M | 0.05% |
229,099
-76,000
| -25% | -$10.9M |
|
519
Caterpillar
CAT
$409B
| $30.9M | 0.05% |
243,117
-477,690
| -66% | -$62.1M |
|
520
Broadridge
BR
$17.2B
| $30.8M | 0.05% |
320,221
-37,757
| -11% | -$4.09M |
|
521
Methanex
MEOH
$4.32B
| $30.6M | 0.05% |
635,587
+476,114
| +299% | +$29.7M |
|
522
CALL
Targa Resources
TRGP
$60.4B
| $30.6M | 0.05% |
849,900
+50,800
| +6% | +$2.46M |
|
|
MIC
523
DELISTED
Macquarie Infrastructure Holdings, LLC
MIC
| $30.6M | 0.05% |
837,237
+61,282
| +8% | +$2.45M |
|
|
SRCI
524
DELISTED
SRC Energy Inc
SRCI
| $30.6M | 0.05% |
6,508,772
+4,403,730
| +209% | +$29.5M |
|
|
SYNH
525
DELISTED
Syneos Health, Inc. Class A Common Stock
SYNH
| $30.6M | 0.05% |
776,807
-518,672
| -40% | -$24.1M |
|
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Millennium Management's Q4 2018 Portfolio in Review
As of Q4 2018, Millennium Management held 4,541 positions worth $64.1B, down 21% from $81.6B the previous quarter. Its ten largest holdings account for 6.7% of the portfolio.
Millennium Management withdrew a net $4.25B in Q4 2018, closing 844 positions and reducing 1,571 holdings. Its most notable exit was Andeavor, an estimated $1.11B position sold in full.
By sector, the portfolio is most concentrated in Healthcare at 13% of assets, up from 12% a quarter earlier, followed by Technology and Financials.
Against the trend, Millennium Management opened a new position in Athenahealth, Inc. worth $135M.
- Millennium Management's largest Q4 2018 buy was Athenahealth, Inc.: 1,022,505 shares worth $135M.
- Millennium Management added most to Celgene Corp in Q4 2018, an estimated $379M increase.
- Millennium Management's biggest Q4 2018 reduction was Fortive, cutting an estimated $1.27B.
- Millennium Management fully exited Andeavor in Q4 2018, selling an estimated $1.11B.
- Millennium Management's ten largest holdings make up 6.7% of its $64.1B portfolio in Q4 2018.
- Millennium Management opened 702 new positions and closed 844 in Q4 2018.
- Millennium Management's portfolio value fell 21% quarter-over-quarter to $64.1B.
Based on Millennium Management's 13F filing for Q4 2018, filed 14 Feb 2019.