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 |
Boston Scientific
BSX
|
+$240M |
| 2 |
eBay
EBAY
|
+$231M |
| 3 |
PXD
Pioneer Natural Resource Co.
PXD
|
+$216M |
| 4 |
Ameren
AEE
|
+$196M |
| 5 |
Kohl's
KSS
|
+$182M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$552M |
| 2 |
Micron Technology
MU
|
+$425M |
| 3 |
Visa
V
|
+$225M |
| 4 |
Marathon Petroleum
MPC
|
+$225M |
| 5 |
ESRX
Express Scripts Holding Company
ESRX
|
+$218M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 13.6% |
| 2 | Healthcare | 12.02% |
| 3 | Technology | 11.62% |
| 4 | Industrials | 11.19% |
| 5 | Consumer Discretionary | 10.9% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
CLR
801
DELISTED
CONTINENTAL RESOURCES INC.
CLR
| $22.6M | 0.03% |
383,506
-1,203,624
| -76% | -$64.9M |
|
802
MacroGenics
MGNX
$243M
| $22.6M | 0.03% |
897,982
+415,681
| +86% | +$10.1M |
|
|
RPAI
803
DELISTED
RETAIL PROPERTIES OF AMERICA, INC.
RPAI
| $22.6M | 0.03% |
1,937,525
-1,484,372
| -43% | -$17.9M |
|
|
SRCI
804
DELISTED
SRC Energy Inc
SRCI
| $22.5M | 0.03% |
2,387,105
-4,444,299
| -65% | -$40.6M |
|
805
Monster Beverage
MNST
$91.5B
| $22.4M | 0.03% |
781,846
-214,208
| -22% | -$6.69M |
|
|
PAY
806
DELISTED
Verifone Systems Inc
PAY
| $22.4M | 0.03% |
1,453,391
-1,581,269
| -52% | -$27.6M |
|
|
TFCFA
807
DELISTED
Twenty-First Century Fox, Inc. Class A
TFCFA
| $22.3M | 0.03% |
607,868
-424,586
| -41% | -$15.7M |
|
|
SEM
808
DELISTED
Select Medical
SEM
| $22.3M | 0.03% |
2,398,670
+355,823
| +17% | +$3.39M |
|
809
Okta
OKTA
$24.6B
| $22.3M | 0.03% |
559,096
+122,603
| +28% | +$4.09M |
|
810
Granite Construction
GVA
$5.43B
| $22.3M | 0.03% |
398,817
-101,208
| -20% | -$6.24M |
|
|
FIT
811
DELISTED
Fitbit, Inc. Class A common stock
FIT
| $22.3M | 0.03% |
4,365,885
+3,375,273
| +341% | +$18M |
|
812
NorthWestern Energy
NWE
$4.24B
| $22.2M | 0.03% |
413,496
+201,565
| +95% | +$10.7M |
|
813
Nomad Foods
NOMD
$1.68B
| $22.2M | 0.03% |
1,411,646
+166,458
| +13% | +$2.75M |
|
814
Cathay General Bancorp
CATY
$4.27B
| $22.2M | 0.03% |
555,303
+534,008
| +2,508% | +$22.8M |
|
815
Brady Corp
BRC
$4.52B
| $22.1M | 0.03% |
594,079
-97,844
| -14% | -$3.72M |
|
|
CZZ
816
DELISTED
Cosan Limited
CZZ
| $22M | 0.03% |
2,118,061
+192,606
| +10% | +$2.11M |
|
817
Iron Mountain
IRM
$36.9B
| $22M | 0.03% |
+669,395
| New | +$22.6M |
|
|
SGEN
818
DELISTED
Seagen Inc. Common Stock
SGEN
| $22M | 0.03% |
420,209
+85,288
| +25% | +$4.65M |
|
819
CareTrust REIT
CTRE
$9.74B
| $22M | 0.03% |
1,638,116
+566,859
| +53% | +$8.39M |
|
820
Sempra
SRE
$57.3B
| $21.9M | 0.03% |
394,140
+328,326
| +499% | +$17.7M |
|
|
NPKI
821
NPK International
NPKI
$1.12B
| $21.9M | 0.03% |
2,702,640
+32,044
| +1% | +$281K |
|
|
LMNX
822
DELISTED
Luminex Corp
LMNX
| $21.9M | 0.03% |
1,038,865
+98,190
| +10% | +$2.01M |
|
823
Canadian Natural Resources
CNQ
$96.7B
| $21.9M | 0.03% |
1,418,700
+1,103,546
| +350% | +$17.7M |
|
824
Yum! Brands
YUM
$40.6B
| $21.8M | 0.03% |
256,422
+28,278
| +12% | +$2.32M |
|
825
Arrow Electronics
ARW
$11.1B
| $21.8M | 0.03% |
283,286
+264,485
| +1,407% | +$21.5M |
|
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Millennium Management's Q1 2018 Portfolio in Review
As of Q1 2018, Millennium Management held 4,417 positions worth $74.9B, up 3.4% from $72.5B the previous quarter. Its ten largest holdings account for 6.3% of the portfolio.
Millennium Management deployed $3.3B of net new capital in Q1 2018, opening 664 new positions and adding to 1,467 existing holdings. Its largest new stake was Tiffany & Co.: 1,078,847 shares worth $105M.
By sector, the portfolio is most concentrated in Financials at 14% of assets, down from 14% a quarter earlier, followed by Healthcare and Technology.
On the sell side, the largest reduction was State Street SPDR S&P 500 ETF Trust, an estimated $552M trimmed.
- Millennium Management's largest Q1 2018 buy was Tiffany & Co.: 1,078,847 shares worth $105M.
- Millennium Management added most to Boston Scientific in Q1 2018, an estimated $240M increase.
- Millennium Management's biggest Q1 2018 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $552M.
- Millennium Management fully exited Equinix in Q1 2018, selling an estimated $152M.
- Millennium Management's ten largest holdings make up 6.3% of its $74.9B portfolio in Q1 2018.
- Millennium Management opened 664 new positions and closed 833 in Q1 2018.
- Millennium Management's portfolio value rose 3.4% quarter-over-quarter to $74.9B.
Based on Millennium Management's 13F filing for Q1 2018, filed 15 May 2018.