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 | |
|---|---|---|---|---|---|---|
726
Electronic Arts
EA
$52.4B
| $22.8M | 0.03% |
224,762
-899,709
| -80% | -$85.3M |
|
727
PUT
Constellation Brands
STZ
$22.2B
| $22.8M | 0.03% |
+130,000
| New | +$21.9M |
|
|
SAIL
728
DELISTED
SailPoint Technologies Holdings, Inc. Common Stock
SAIL
| $22.8M | 0.03% |
793,516
+689,281
| +661% | +$19.6M |
|
729
LPL Financial
LPLA
$26.5B
| $22.7M | 0.03% |
326,481
-6,909
| -2% | -$498K |
|
730
Campbell Soup
CPB
$6.67B
| $22.7M | 0.03% |
596,064
+574,553
| +2,671% | +$20.3M |
|
731
Illumina
ILMN
$28.7B
| $22.6M | 0.03% |
74,934
-190,671
| -72% | -$55.6M |
|
|
WPX
732
DELISTED
WPX Energy, Inc.
WPX
| $22.6M | 0.03% |
1,726,615
-6,086,710
| -78% | -$76.4M |
|
733
Myriad Genetics
MYGN
$515M
| $22.6M | 0.03% |
680,908
+329,220
| +94% | +$10M |
|
|
CBAY
734
DELISTED
Cymabay Therapeutics
CBAY
| $22.6M | 0.03% |
1,701,700
+538,548
| +46% | +$5.73M |
|
735
Snap-on
SNA
$21.1B
| $22.6M | 0.03% |
144,295
-98,818
| -41% | -$15.7M |
|
736
Waste Management
WM
$95.5B
| $22.5M | 0.03% |
216,939
-665,467
| -75% | -$64.9M |
|
737
Everest Group
EG
$15.4B
| $22.5M | 0.03% |
104,365
+96,370
| +1,205% | +$21M |
|
738
Red Rock Resorts
RRR
$3.8B
| $22.3M | 0.03% |
861,012
+96,639
| +13% | +$2.5M |
|
739
Seacoast Banking Corp of Florida
SBCF
$3.23B
| $22.3M | 0.03% |
844,417
+293,874
| +53% | +$8.25M |
|
740
HealthEquity
HQY
$8.28B
| $22.2M | 0.03% |
300,543
+131,125
| +77% | +$9.22M |
|
|
AMTD
741
DELISTED
TD Ameritrade Holding Corp
AMTD
| $22.2M | 0.03% |
444,700
-440,045
| -50% | -$23.8M |
|
742
Air Products & Chemicals
APD
$65.2B
| $22.1M | 0.03% |
115,866
-79,058
| -41% | -$13.6M |
|
743
Ares Management
ARES
$28.8B
| $22.1M | 0.03% |
952,942
-353,825
| -27% | -$7.73M |
|
|
RSX
744
DELISTED
VanEck Russia ETF
RSX
| $22.1M | 0.03% |
1,072,423
+717,632
| +202% | +$14.8M |
|
|
EPZM
745
DELISTED
Epizyme, Inc
EPZM
| $22M | 0.03% |
1,774,482
+955,682
| +117% | +$10.7M |
|
746
PUT
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$15.9B
| $21.9M | 0.03% |
253,500
+219,400
| +643% | +$18.6M |
|
747
Essent Group
ESNT
$6.12B
| $21.9M | 0.03% |
503,919
+64,535
| +15% | +$2.66M |
|
748
AMN Healthcare
AMN
$1.3B
| $21.9M | 0.03% |
464,168
+246,322
| +113% | +$13.7M |
|
749
CNO Financial Group
CNO
$4.96B
| $21.8M | 0.03% |
1,349,680
+118,293
| +10% | +$2.01M |
|
|
SNBR
750
DELISTED
Sleep Number
SNBR
| $21.8M | 0.03% |
464,025
+244,628
| +112% | +$9.85M |
|
Similar funds
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.