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 | |
|---|---|---|---|---|---|---|
|
WBA
751
PUT
DELISTED
Walgreens Boots Alliance
WBA
| $23.7M | 0.03% |
325,100
+225,100
| +225% | +$15.3M |
|
752
Dillards
DDS
$8.98B
| $23.6M | 0.03% |
308,971
+240,083
| +349% | +$19.5M |
|
753
Teradata
TDC
$2.81B
| $23.6M | 0.03% |
625,249
+329,286
| +111% | +$13.3M |
|
|
NVO
754
CALL
Novo Nordisk
NVO
$221B
| $23.6M | 0.03% |
1,000,000
+608,200
| +155% | +$14.8M |
|
755
AtriCure
ATRC
$1.87B
| $23.5M | 0.03% |
670,102
+333,130
| +99% | +$10.5M |
|
756
Telephone and Data Systems
TDS
$3.84B
| $23.5M | 0.03% |
771,085
-468,547
| -38% | -$13.4M |
|
757
CALL
Colgate-Palmolive
CL
$73.4B
| $23.4M | 0.03% |
350,000
+250,000
| +250% | +$16.7M |
|
|
WUBA
758
DELISTED
58.com Inc
WUBA
| $23.4M | 0.03% |
318,288
+148,003
| +87% | +$10.2M |
|
759
BorgWarner
BWA
$13B
| $23.4M | 0.03% |
621,330
-430,616
| -41% | -$16.9M |
|
|
STOR
760
DELISTED
STORE Capital Corporation
STOR
| $23.4M | 0.03% |
841,549
-131,679
| -14% | -$3.71M |
|
|
KS
761
DELISTED
KapStone Paper and Pack Corp.
KS
| $23.3M | 0.03% |
687,572
+405,233
| +144% | +$14M |
|
762
Kemper
KMPR
$1.76B
| $23.3M | 0.03% |
289,812
+143,462
| +98% | +$11.2M |
|
763
Interactive Brokers
IBKR
$40.8B
| $23.2M | 0.03% |
1,678,644
+1,323,900
| +373% | +$20.1M |
|
764
Travel + Leisure Co
TNL
$4.65B
| $23.2M | 0.03% |
534,371
+140,960
| +36% | +$6.25M |
|
765
iShares China Large-Cap ETF
FXI
$4.22B
| $23.2M | 0.03% |
540,870
-131,593
| -20% | -$5.57M |
|
766
Constellium
CSTM
$3.99B
| $23.1M | 0.03% |
1,874,435
+1,717,638
| +1,095% | +$20.1M |
|
|
CA
767
DELISTED
CA, Inc.
CA
| $23.1M | 0.03% |
522,555
-1,247,351
| -70% | -$53.8M |
|
768
Teradyne
TER
$52.5B
| $23M | 0.03% |
622,379
+540,468
| +660% | +$21.8M |
|
|
GOLD
769
DELISTED
Randgold Resources Ltd
GOLD
| $23M | 0.03% |
325,621
+234,098
| +256% | +$16.1M |
|
770
Dick's Sporting Goods
DKS
$18.4B
| $23M | 0.03% |
647,166
-793,678
| -55% | -$28.4M |
|
|
MGP
771
DELISTED
MGM Growth Properties LLC Class A common shares representing limited liability company interests
MGP
| $23M | 0.03% |
778,472
-710,949
| -48% | -$21.4M |
|
772
MKS Inc
MKSI
$21.2B
| $22.9M | 0.03% |
286,066
-245,860
| -46% | -$22.5M |
|
773
FIVE9
FIVN
$1.96B
| $22.9M | 0.03% |
524,681
+285,921
| +120% | +$11.8M |
|
774
CALL
Cleveland-Cliffs
CLF
$6.77B
| $22.9M | 0.03% |
1,810,400
-1,189,600
| -40% | -$12.2M |
|
|
CONN
775
DELISTED
Conn's Inc.
CONN
| $22.9M | 0.03% |
647,341
-16,869
| -3% | -$603K |
|
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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.