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 | |
|---|---|---|---|---|---|---|
851
Medifast
MED
$110M
| $18.4M | 0.03% |
144,395
-24,696
| -15% | -$3.13M |
|
852
HF Sinclair
DINO
$16.4B
| $18.4M | 0.03% |
373,782
-150,455
| -29% | -$8.01M |
|
853
Equinor
EQNR
$91.4B
| $18.4M | 0.03% |
835,736
+447,082
| +115% | +$10.1M |
|
854
uniQure
QURE
$2.63B
| $18.4M | 0.03% |
307,640
-459,458
| -60% | -$20.5M |
|
855
Malibu Boats
MBUU
$557M
| $18.3M | 0.03% |
462,353
+387,569
| +518% | +$16M |
|
|
NUAN
856
DELISTED
Nuance Communications, Inc.
NUAN
| $18.3M | 0.03% |
1,248,374
-1,244,451
| -50% | -$17.3M |
|
857
Microchip Technology
MCHP
$42.3B
| $18.2M | 0.03% |
439,400
+390,940
| +807% | +$16.2M |
|
858
Boyd Gaming
BYD
$6.64B
| $18.2M | 0.03% |
665,787
-1,043,108
| -61% | -$28.5M |
|
859
Acadia Healthcare
ACHC
$2.99B
| $18.2M | 0.03% |
620,870
+591,114
| +1,987% | +$16.7M |
|
860
Aflac
AFL
$64.4B
| $18.2M | 0.03% |
363,158
+79,983
| +28% | +$3.85M |
|
861
Ulta Beauty
ULTA
$20.7B
| $18.2M | 0.03% |
52,065
-223,702
| -81% | -$67.7M |
|
862
Churchill Downs
CHDN
$6.15B
| $18.1M | 0.03% |
+401,694
| New | +$17.9M |
|
|
DLPH
863
DELISTED
Delphi Technologies PLC Ordinary Shares
DLPH
| $18.1M | 0.03% |
940,203
-362,174
| -28% | -$6.7M |
|
864
WisdomTree
WT
$3.01B
| $18.1M | 0.03% |
2,561,535
-2,420,850
| -49% | -$16.7M |
|
865
PUT
Mettler-Toledo International
MTD
$27B
| $18.1M | 0.03% |
+25,000
| New | +$16.3M |
|
866
PUT
Baidu
BIDU
$35.8B
| $18M | 0.03% |
109,000
-266,700
| -71% | -$44.6M |
|
867
PagSeguro Digital
PAGS
$2.62B
| $18M | 0.03% |
601,473
+412,722
| +219% | +$10.3M |
|
868
Rigel Pharmaceuticals
RIGL
$692M
| $18M | 0.03% |
698,531
+10,951
| +2% | +$250K |
|
869
Federated Hermes
FHI
$4.5B
| $17.9M | 0.03% |
612,380
-411,994
| -40% | -$11.4M |
|
870
CALL
SLB Ltd
SLB
$76.5B
| $17.9M | 0.03% |
411,600
+11,600
| +3% | +$501K |
|
871
Jazz Pharmaceuticals
JAZZ
$16B
| $17.8M | 0.03% |
124,742
-127,664
| -51% | -$16.7M |
|
872
SiriusXM
SIRI
$10.5B
| $17.8M | 0.03% |
314,129
+117,278
| +60% | +$6.99M |
|
873
CALL
BioMarin Pharmaceuticals
BMRN
$11.6B
| $17.8M | 0.03% |
+200,000
| New | +$18.5M |
|
874
Atkore
ATKR
$2.54B
| $17.7M | 0.03% |
824,008
+444,265
| +117% | +$9.93M |
|
|
FPAC.U
875
DELISTED
Far Point Acquisition Corporation Units, each consisting of one share of Class A common stock, $0.00
FPAC.U
| $17.7M | 0.03% |
1,700,000
| – | – |
|
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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.