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 | |
|---|---|---|---|---|---|---|
1076
Boise Cascade
BCC
$2.83B
| $10.9M | 0.02% |
457,602
+188,345
| +70% | +$5.41M |
|
|
VRS
1077
DELISTED
Verso Corporation
VRS
| $10.9M | 0.02% |
486,696
+193,948
| +66% | +$5.24M |
|
1078
Cheesecake Factory
CAKE
$4.34B
| $10.9M | 0.02% |
250,421
+211,810
| +549% | +$10.3M |
|
1079
Gentherm
THRM
$1.29B
| $10.9M | 0.02% |
271,724
+254,361
| +1,465% | +$10.8M |
|
1080
TherapeuticsMD
TXMD
$23.6M
| $10.9M | 0.02% |
56,975
+48,725
| +591% | +$11.9M |
|
1081
Applied Industrial Technologies
AIT
$12.8B
| $10.8M | 0.02% |
200,987
+54,412
| +37% | +$3.55M |
|
1082
Wabash National
WNC
$543M
| $10.8M | 0.02% |
828,288
+233,893
| +39% | +$3.45M |
|
1083
CALL
Rollins
ROL
$18.6B
| $10.8M | 0.02% |
+450,000
| New | +$11.6M |
|
1084
Viavi Solutions
VIAV
$8.68B
| $10.8M | 0.02% |
1,077,368
+176,819
| +20% | +$1.91M |
|
|
SNP
1085
DELISTED
CHINA PETROLEUM & CHEMICAL CORPORATION ADS (REP 100 ORDINARY H SHARES)
SNP
| $10.8M | 0.02% |
+152,558
| New | +$12.7M |
|
|
I
1086
CALL
DELISTED
INTELSAT S. A.
I
| $10.8M | 0.02% |
+503,500
| New | +$13.6M |
|
1087
Angi Inc
ANGI
$253M
| $10.7M | 0.02% |
66,776
+46,105
| +223% | +$8.36M |
|
|
MNK
1088
DELISTED
MALLINCKRODT PUBLIC LIMITED COMPANY
MNK
| $10.7M | 0.02% |
679,171
+240,682
| +55% | +$6M |
|
1089
CALL
United Airlines
UAL
$40.4B
| $10.7M | 0.02% |
128,000
+28,000
| +28% | +$2.46M |
|
1090
Cinemark Holdings
CNK
$4.07B
| $10.7M | 0.02% |
298,789
-142,052
| -32% | -$5.61M |
|
|
PINC
1091
DELISTED
Premier
PINC
| $10.7M | 0.02% |
285,617
-172,505
| -38% | -$7.13M |
|
1092
Progress Software
PRGS
$1.66B
| $10.7M | 0.02% |
300,215
+191,852
| +177% | +$6.4M |
|
1093
Macerich
MAC
$7.52B
| $10.6M | 0.02% |
245,321
-289,426
| -54% | -$14.3M |
|
|
STNLU
1094
DELISTED
Sentinel Energy Services Inc. Unit
STNLU
| $10.6M | 0.02% |
1,027,445
+277,445
| +37% | +$2.89M |
|
|
ITCI
1095
DELISTED
Intra-Cellular Therapies Inc.
ITCI
| $10.5M | 0.02% |
925,505
+381,508
| +70% | +$6.16M |
|
|
DCH
1096
Dauch Corp
DCH
$1.32B
| $10.5M | 0.02% |
946,335
-109,535
| -10% | -$1.46M |
|
1097
iShares MSCI Malaysia ETF
EWM
$309M
| $10.5M | 0.02% |
352,235
+271,508
| +336% | +$8.23M |
|
1098
PUT
Applied Materials
AMAT
$380B
| $10.5M | 0.02% |
320,200
-266,200
| -45% | -$9.13M |
|
1099
MillerKnoll
MLKN
$1.61B
| $10.5M | 0.02% |
345,970
+17,342
| +5% | +$577K |
|
1100
Onto Innovation
ONTO
$11.9B
| $10.5M | 0.02% |
382,588
-31,093
| -8% | -$959K |
|
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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.