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 |
CELG
Celgene Corp
CELG
|
+$379M |
| 2 |
Starbucks
SBUX
|
+$371M |
| 3 |
APC
Anadarko Petroleum
APC
|
+$287M |
| 4 |
Bristol-Myers Squibb
BMY
|
+$263M |
| 5 |
Tesla
TSLA
|
+$253M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Fortive
FTV
|
+$1.27B |
| 2 |
ANDV
Andeavor
ANDV
|
+$1.11B |
| 3 |
AET
Aetna Inc
AET
|
+$535M |
| 4 |
Microsoft
MSFT
|
+$350M |
| 5 |
Amazon
AMZN
|
+$290M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 12.69% |
| 2 | Technology | 12.68% |
| 3 | Financials | 12.18% |
| 4 | Consumer Discretionary | 10.77% |
| 5 | Industrials | 9.47% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1001
News Corp Class A
NWSA
$14.8B
| $12.2M | 0.02% |
1,077,137
+383,270
| +55% | +$4.91M |
|
|
WCC
1002
WESCO International
WCC
$16.5B
| $12.2M | 0.02% |
254,434
+106,767
| +72% | +$5.54M |
|
1003
Casey's General Stores
CASY
$31.6B
| $12.2M | 0.02% |
95,188
+92,286
| +3,180% | +$11.7M |
|
1004
Spotify
SPOT
$102B
| $12.2M | 0.02% |
107,458
-24,542
| -19% | -$3.43M |
|
1005
Mercer International
MERC
$44.7M
| $12.2M | 0.02% |
1,165,035
+239,405
| +26% | +$3.33M |
|
1006
Avis
CAR
$5.78B
| $12.2M | 0.02% |
540,938
+421,653
| +353% | +$12.2M |
|
1007
Old Republic International
ORI
$10.5B
| $12.2M | 0.02% |
591,083
+306,643
| +108% | +$6.57M |
|
|
SWI
1008
DELISTED
SolarWinds Corporation Common Stock
SWI
| $12.1M | 0.02% |
+831,266
| New | +$13M |
|
|
AXNX
1009
DELISTED
Axonics, Inc. Common Stock
AXNX
| $12.1M | 0.02% |
+798,950
| New | +$11.9M |
|
|
ADAP
1010
DELISTED
Adaptimmune Therapeutics
ADAP
| $12.1M | 0.02% |
2,098,272
-74,376
| -3% | -$549K |
|
1011
Integra LifeSciences
IART
$1.52B
| $12M | 0.02% |
267,097
-139,701
| -34% | -$7.66M |
|
|
INXN
1012
DELISTED
Interxion Holding N.V.
INXN
| $12M | 0.02% |
222,217
-319,276
| -59% | -$19.2M |
|
1013
State Street SPDR Dow Jones Industrial Average ETF Trust
DIA
$45.5B
| $12M | 0.02% |
51,473
+23,781
| +86% | +$5.93M |
|
1014
Amalgamated Financial
AMAL
$1.46B
| $12M | 0.02% |
614,528
-182,570
| -23% | -$3.58M |
|
1015
Huntington Bancshares
HBAN
$34.7B
| $12M | 0.02% |
1,003,146
+769,766
| +330% | +$10.7M |
|
|
RSX
1016
CALL
DELISTED
VanEck Russia ETF
RSX
| $11.9M | 0.02% |
636,600
+611,300
| +2,416% | +$12.6M |
|
|
ETRN
1017
DELISTED
Equitrans Midstream Corporation Common Stock
ETRN
| $11.9M | 0.02% |
+595,200
| New | +$12.6M |
|
|
SEM
1018
DELISTED
Select Medical
SEM
| $11.9M | 0.02% |
1,438,315
+324,672
| +29% | +$3.11M |
|
|
ACOR
1019
DELISTED
Acorda Therapeutics
ACOR
| $11.9M | 0.02% |
6,361
-38
| -0.6% | -$82.7K |
|
1020
iShares MSCI Thailand ETF
THD
$363M
| $11.8M | 0.02% |
142,923
+112,400
| +368% | +$9.75M |
|
|
B
1021
DELISTED
Barnes Group Inc.
B
| $11.8M | 0.02% |
219,745
+147,950
| +206% | +$8.69M |
|
1022
Best Buy
BBY
$18.6B
| $11.8M | 0.02% |
+222,267
| New | +$14.5M |
|
1023
HUB Group
HUBG
$2.93B
| $11.8M | 0.02% |
634,524
-450,778
| -42% | -$9.67M |
|
1024
PUT
SLB Ltd
SLB
$76.5B
| $11.8M | 0.02% |
325,700
+125,700
| +63% | +$6.2M |
|
|
VRN
1025
DELISTED
Veren
VRN
| $11.7M | 0.02% |
3,885,613
+2,997,792
| +338% | +$12.8M |
|
Similar funds
Millennium Management's Q4 2018 Portfolio in Review
As of Q4 2018, Millennium Management held 4,541 positions worth $64.1B, down 21% from $81.6B the previous quarter. Its ten largest holdings account for 6.7% of the portfolio.
Millennium Management withdrew a net $4.25B in Q4 2018, closing 844 positions and reducing 1,571 holdings. Its most notable exit was Andeavor, an estimated $1.11B position sold in full.
By sector, the portfolio is most concentrated in Healthcare at 13% of assets, up from 12% a quarter earlier, followed by Technology and Financials.
Against the trend, Millennium Management opened a new position in Athenahealth, Inc. worth $135M.
- Millennium Management's largest Q4 2018 buy was Athenahealth, Inc.: 1,022,505 shares worth $135M.
- Millennium Management added most to Celgene Corp in Q4 2018, an estimated $379M increase.
- Millennium Management's biggest Q4 2018 reduction was Fortive, cutting an estimated $1.27B.
- Millennium Management fully exited Andeavor in Q4 2018, selling an estimated $1.11B.
- Millennium Management's ten largest holdings make up 6.7% of its $64.1B portfolio in Q4 2018.
- Millennium Management opened 702 new positions and closed 844 in Q4 2018.
- Millennium Management's portfolio value fell 21% quarter-over-quarter to $64.1B.
Based on Millennium Management's 13F filing for Q4 2018, filed 14 Feb 2019.