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 |
Fortive
FTV
|
+$1.39B |
| 2 |
ANDV
Andeavor
ANDV
|
+$1B |
| 3 |
Citigroup
C
|
+$332M |
| 4 |
Apple
AAPL
|
+$307M |
| 5 |
Oracle
ORCL
|
+$228M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
AABA
Altaba Inc
AABA
|
+$579M |
| 2 |
Electronic Arts
EA
|
+$233M |
| 3 |
Keurig Dr Pepper
KDP
|
+$215M |
| 4 |
APC
Anadarko Petroleum
APC
|
+$206M |
| 5 |
XL
XL Group Ltd.
XL
|
+$190M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 13.4% |
| 2 | Financials | 12.54% |
| 3 | Healthcare | 11.73% |
| 4 | Consumer Discretionary | 9.48% |
| 5 | Industrials | 9.28% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
651
Intel
INTC
$476B
| $29M | 0.04% |
612,855
+238,965
| +64% | +$11.6M |
|
652
United Rentals
URI
$70.7B
| $28.8M | 0.04% |
176,031
-112,777
| -39% | -$17.6M |
|
653
Aon
AON
$77.6B
| $28.7M | 0.04% |
186,748
-575,621
| -76% | -$84.2M |
|
654
Curtiss-Wright
CW
$28.2B
| $28.7M | 0.04% |
208,865
-307,561
| -60% | -$40.3M |
|
|
TRCO
655
DELISTED
TRIBUNE MEDIA COMPANY CLASS A
TRCO
| $28.7M | 0.04% |
746,595
+221,599
| +42% | +$7.98M |
|
|
SCG
656
DELISTED
Scana
SCG
| $28.5M | 0.04% |
+734,014
| New | +$28.1M |
|
657
Peabody Energy
BTU
$2.75B
| $28.4M | 0.03% |
796,285
-483,530
| -38% | -$20.7M |
|
658
J.M. Smucker
SJM
$12.7B
| $28.3M | 0.03% |
276,232
-185,404
| -40% | -$20.2M |
|
659
Hanover Insurance
THG
$7.68B
| $28.1M | 0.03% |
228,019
+203,348
| +824% | +$25.1M |
|
|
SGI
660
Somnigroup International
SGI
$15.6B
| $28.1M | 0.03% |
+2,125,384
| New | +$28.4M |
|
661
Atkore
ATKR
$2.6B
| $28.1M | 0.03% |
1,059,231
+413,844
| +64% | +$10.3M |
|
662
United Natural Foods
UNFI
$3.04B
| $28.1M | 0.03% |
938,030
+557,539
| +147% | +$20.2M |
|
663
Landstar System
LSTR
$6.8B
| $28.1M | 0.03% |
230,161
-153,347
| -40% | -$17.7M |
|
664
First Interstate BancSystem
FIBK
$3.73B
| $28M | 0.03% |
625,797
-461,718
| -42% | -$20.6M |
|
|
PBCT
665
DELISTED
People's United Financial Inc
PBCT
| $28M | 0.03% |
1,637,603
-470,182
| -22% | -$8.6M |
|
666
EPAM Systems
EPAM
$4.79B
| $27.9M | 0.03% |
202,947
-286,906
| -59% | -$38.6M |
|
667
Kroger
KR
$35.1B
| $27.9M | 0.03% |
959,287
-6,010,001
| -86% | -$179M |
|
|
CCC.U
668
DELISTED
Churchill Capital Corp
CCC.U
| $27.9M | 0.03% |
+2,750,000
| New | +$27.8M |
|
669
Cushman & Wakefield Ltd
CWK
$3.07B
| $27.9M | 0.03% |
+1,642,128
| New | +$29.3M |
|
670
Boyd Gaming
BYD
$6.57B
| $27.9M | 0.03% |
822,876
-663,833
| -45% | -$23.7M |
|
671
PUT
Costco
COST
$418B
| $27.6M | 0.03% |
+117,700
| New | +$26.5M |
|
672
PUT
Take-Two Interactive
TTWO
$43.9B
| $27.6M | 0.03% |
200,000
+50,000
| +33% | +$6.38M |
|
673
Tractor Supply
TSCO
$16.6B
| $27.6M | 0.03% |
1,516,345
+1,435,575
| +1,777% | +$23.9M |
|
674
Empire State Realty Trust
ESRT
$981M
| $27.4M | 0.03% |
1,650,020
+446,704
| +37% | +$7.62M |
|
675
Federated Hermes
FHI
$4.46B
| $27.4M | 0.03% |
1,134,467
+1,061,005
| +1,444% | +$25M |
|
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Millennium Management's Q3 2018 Portfolio in Review
As of Q3 2018, Millennium Management held 4,590 positions worth $81.6B, up 6.4% from $76.7B the previous quarter. Its ten largest holdings account for 10% of the portfolio.
Millennium Management's Q3 2018 filing shows 841 new, 1,291 increased, 1,638 reduced and 748 closed positions. Its largest new stake was Fortive: 27,116,929 shares worth $1.44B. The largest sale was Altaba Inc, an estimated $579M.
By sector, the portfolio is most concentrated in Technology at 13% of assets, up from 12% a quarter earlier, followed by Financials and Healthcare.
- Millennium Management's largest Q3 2018 buy was Fortive: 27,116,929 shares worth $1.44B.
- Millennium Management added most to Andeavor in Q3 2018, an estimated $1B increase.
- Millennium Management's biggest Q3 2018 reduction was Altaba Inc, cutting an estimated $579M.
- Millennium Management fully exited XL Group Ltd. in Q3 2018, selling an estimated $190M.
- Millennium Management's ten largest holdings make up 10% of its $81.6B portfolio in Q3 2018.
- Millennium Management opened 841 new positions and closed 748 in Q3 2018.
- Millennium Management's portfolio value rose 6.4% quarter-over-quarter to $81.6B.
Based on Millennium Management's 13F filing for Q3 2018, filed 14 Nov 2018.