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 | |
|---|---|---|---|---|---|---|
901
ITT
ITT
$17.7B
| $16.9M | 0.03% |
291,130
-64,973
| -18% | -$3.55M |
|
902
Moog Inc Class A
MOG.A
$13.2B
| $16.8M | 0.03% |
+193,589
| New | +$16.9M |
|
|
DVAX
903
DELISTED
Dynavax Technologies
DVAX
| $16.8M | 0.03% |
2,296,457
+1,681,527
| +273% | +$16.4M |
|
|
904
PUT
ConocoPhillips
COP
$141B
| $16.8M | 0.03% |
251,200
+153,700
| +158% | +$10.3M |
|
|
SAVE
905
DELISTED
Spirit Airlines, Inc.
SAVE
| $16.8M | 0.03% |
316,934
-301,574
| -49% | -$17.3M |
|
906
Planet Fitness
PLNT
$4.29B
| $16.7M | 0.03% |
243,214
+186,932
| +332% | +$11.3M |
|
907
AtriCure
ATRC
$1.89B
| $16.6M | 0.02% |
620,572
-257,002
| -29% | -$7.81M |
|
|
CERN
908
CALL
DELISTED
Cerner Corp
CERN
| $16.6M | 0.02% |
+290,000
| New | +$16.1M |
|
909
Provident Financial Services
PFS
$3.11B
| $16.5M | 0.02% |
636,708
+282,716
| +80% | +$7.41M |
|
910
Timken Company
TKR
$9.81B
| $16.5M | 0.02% |
377,618
-246,845
| -40% | -$10.5M |
|
911
iShares MSCI Mexico ETF
EWW
$1.91B
| $16.5M | 0.02% |
377,832
+138,431
| +58% | +$6.08M |
|
|
UNVR
912
DELISTED
Univar Solutions Inc.
UNVR
| $16.5M | 0.02% |
742,871
+251,248
| +51% | +$5.42M |
|
913
TherapeuticsMD
TXMD
$24M
| $16.4M | 0.02% |
67,547
+10,572
| +19% | +$2.8M |
|
914
Standard BioTools
LAB
$303M
| $16.4M | 0.02% |
1,234,402
+301,406
| +32% | +$3.18M |
|
|
ALXN
915
DELISTED
Alexion Pharmaceuticals
ALXN
| $16.4M | 0.02% |
121,327
-536,489
| -82% | -$66.7M |
|
916
GDS Holdings
GDS
$6.29B
| $16.4M | 0.02% |
459,282
+364,024
| +382% | +$11M |
|
917
Comfort Systems
FIX
$60.9B
| $16.4M | 0.02% |
312,793
-74,024
| -19% | -$3.69M |
|
918
Diamondrock Hospitality Co
DRH
$2.64B
| $16.4M | 0.02% |
1,510,872
+1,169,281
| +342% | +$12.1M |
|
919
Veeva Systems
VEEV
$31.6B
| $16.3M | 0.02% |
128,862
-773,154
| -86% | -$87.2M |
|
920
Navient
NAVI
$809M
| $16.3M | 0.02% |
1,410,402
+1,133,407
| +409% | +$13M |
|
921
Huntsman Corp
HUN
$2.06B
| $16.3M | 0.02% |
725,082
-603,382
| -45% | -$13.6M |
|
|
IBTX
922
DELISTED
Independent Bank Group, Inc.
IBTX
| $16.3M | 0.02% |
317,872
+168,561
| +113% | +$9.07M |
|
923
Celanese
CE
$4.87B
| $16.3M | 0.02% |
165,207
-483,451
| -75% | -$47.6M |
|
924
CALL
Becton Dickinson
BDX
$43.8B
| $16.3M | 0.02% |
66,830
+36,080
| +117% | +$8.53M |
|
925
KB Home
KBH
$3.53B
| $16.3M | 0.02% |
673,424
+340,220
| +102% | +$7.54M |
|
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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.