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 | |
|---|---|---|---|---|---|---|
876
Herc Holdings
HRI
$5.48B
| $20M | 0.03% |
307,647
-50,635
| -14% | -$3.3M |
|
877
Ameris Bancorp
ABCB
$5.92B
| $19.9M | 0.03% |
377,095
+322,858
| +595% | +$17.4M |
|
|
878
CALL
Boston Scientific
BSX
$72B
| $19.9M | 0.03% |
730,000
+630,000
| +630% | +$17.1M |
|
879
Terex
TEX
$7.36B
| $19.9M | 0.03% |
532,852
-18,760
| -3% | -$814K |
|
880
Forward Air
FWRD
$464M
| $19.9M | 0.03% |
376,168
+202,820
| +117% | +$11.6M |
|
|
TCO
881
DELISTED
Taubman Centers Inc.
TCO
| $19.9M | 0.03% |
349,047
+215,112
| +161% | +$12.9M |
|
882
Grand Canyon Education
LOPE
$3.93B
| $19.8M | 0.03% |
188,588
+22,212
| +13% | +$2.15M |
|
883
Kimco Realty
KIM
$17.1B
| $19.8M | 0.03% |
1,373,003
-1,910,222
| -58% | -$29.4M |
|
884
Murphy Oil
MUR
$5.55B
| $19.7M | 0.03% |
763,921
+270,598
| +55% | +$7.83M |
|
885
Cintas
CTAS
$81.6B
| $19.7M | 0.03% |
461,960
-965,380
| -68% | -$40.1M |
|
886
TSMC
TSM
$2.11T
| $19.7M | 0.03% |
+449,990
| New | +$19.6M |
|
887
PUT
Dover
DOV
$27.7B
| $19.6M | 0.03% |
+247,600
| New | +$20.3M |
|
|
HOUS
888
DELISTED
Anywhere Real Estate
HOUS
| $19.6M | 0.03% |
719,685
-497,422
| -41% | -$13.1M |
|
|
AIMC
889
DELISTED
Altra Industrial Motion Corp
AIMC
| $19.5M | 0.03% |
424,320
+238,655
| +129% | +$11.5M |
|
|
MBFI
890
DELISTED
MB Financial Corp
MBFI
| $19.5M | 0.03% |
481,445
+321,261
| +201% | +$13.9M |
|
891
Coca-Cola Femsa
KOF
$22.5B
| $19.5M | 0.03% |
293,030
+109,980
| +60% | +$7.84M |
|
|
ORBK
892
DELISTED
Orbotech Ltd
ORBK
| $19.4M | 0.03% |
312,747
-120,208
| -28% | -$6.6M |
|
893
Royal Bank of Canada
RY
$292B
| $19.4M | 0.03% |
251,464
-101,396
| -29% | -$8.23M |
|
|
CTT
894
DELISTED
CATCHMARK TIMBER TRUST, INC.
CTT
| $19.4M | 0.03% |
1,555,844
+484,195
| +45% | +$6.25M |
|
|
ARRY
895
DELISTED
Array Biopharma Inc
ARRY
| $19.4M | 0.03% |
1,188,002
-1,625,315
| -58% | -$26M |
|
896
Costco
COST
$423B
| $19.4M | 0.03% |
102,806
-306,360
| -75% | -$57.8M |
|
897
Supernus Pharmaceuticals
SUPN
$2.67B
| $19.4M | 0.03% |
422,928
-108,469
| -20% | -$4.53M |
|
898
CALL
Range Resources
RRC
$9.43B
| $19.4M | 0.03% |
1,331,700
-540,900
| -29% | -$8.08M |
|
899
Modine Manufacturing
MOD
$10.4B
| $19.3M | 0.03% |
914,613
-152,722
| -14% | -$3.48M |
|
|
GOLD
900
DELISTED
Randgold Resources Ltd
GOLD
| $19.3M | 0.03% |
232,034
-17,515
| -7% | -$1.58M |
|
Similar funds
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.