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 | |
|---|---|---|---|---|---|---|
601
Warrior Met Coal
HCC
$4.26B
| $28.1M | 0.04% |
923,431
-1,117,690
| -55% | -$30.6M |
|
|
HOLX
602
CALL
DELISTED
Hologic
HOLX
| $28.1M | 0.04% |
580,000
+280,000
| +93% | +$12.6M |
|
603
Brinker International
EAT
$8.38B
| $27.8M | 0.04% |
627,433
+492,167
| +364% | +$22.2M |
|
604
PUT
iPath Series B S&P 500 VIX Short-Term Futures ETN
VXX
$161M
| $27.8M | 0.04% |
+14,844
| New | +$32.7M |
|
605
DNOW Inc
DNOW
$2.59B
| $27.8M | 0.04% |
1,990,571
-117,150
| -6% | -$1.63M |
|
|
BOLD
606
DELISTED
Audentes Therapeutics, Inc
BOLD
| $27.7M | 0.04% |
710,809
+119,835
| +20% | +$3.44M |
|
607
Mid-America Apartment Communities
MAA
$15.5B
| $27.6M | 0.04% |
252,498
+59,478
| +31% | +$6.12M |
|
608
AptarGroup
ATR
$8.51B
| $27.5M | 0.04% |
258,895
+93,701
| +57% | +$9.36M |
|
609
Molina Healthcare
MOH
$10.4B
| $27.5M | 0.04% |
193,649
-6,859
| -3% | -$928K |
|
|
EVBG
610
DELISTED
Everbridge, Inc. Common Stock
EVBG
| $27.4M | 0.04% |
365,766
+217,858
| +147% | +$14.2M |
|
611
MacroGenics
MGNX
$254M
| $27.4M | 0.04% |
1,522,140
+1,264,460
| +491% | +$21.9M |
|
612
Cheesecake Factory
CAKE
$4.32B
| $27.3M | 0.04% |
558,301
+307,880
| +123% | +$14.2M |
|
613
Terreno Realty
TRNO
$7.72B
| $27.3M | 0.04% |
648,913
+528,755
| +440% | +$21.1M |
|
|
SKX
614
DELISTED
Skechers
SKX
| $27.3M | 0.04% |
811,209
-414,661
| -34% | -$12.4M |
|
615
Hershey
HSY
$36.6B
| $27.3M | 0.04% |
237,319
-222,995
| -48% | -$24.3M |
|
616
First American
FAF
$7.79B
| $27.2M | 0.04% |
528,798
-595,387
| -53% | -$29.5M |
|
617
BJ's Restaurants
BJRI
$1.45B
| $27.2M | 0.04% |
574,940
+125,280
| +28% | +$6.29M |
|
618
Highwoods Properties
HIW
$3.73B
| $27.2M | 0.04% |
580,600
-437,282
| -43% | -$19.5M |
|
619
Commault Systems
CVLT
$6.19B
| $27.1M | 0.04% |
419,092
+315,417
| +304% | +$20.4M |
|
620
MGM Resorts International
MGM
$11.8B
| $27.1M | 0.04% |
1,057,149
-393,689
| -27% | -$10.8M |
|
621
Fox Class A
FOXA
$23.8B
| $27.1M | 0.04% |
+738,282
| New | +$28.8M |
|
622
VanEck Gold Miners ETF
GDX
$23.2B
| $27.1M | 0.04% |
1,207,606
+953,859
| +376% | +$21M |
|
623
Bausch Health
BHC
$1.67B
| $27M | 0.04% |
1,094,027
-175,322
| -14% | -$4.19M |
|
624
Sarepta Therapeutics
SRPT
$1.68B
| $26.9M | 0.04% |
225,754
+74,349
| +49% | +$9.56M |
|
|
IPG
625
DELISTED
Interpublic Group of Companies
IPG
| $26.9M | 0.04% |
1,279,383
-2,090,100
| -62% | -$46.5M |
|
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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.