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 | |
|---|---|---|---|---|---|---|
1076
Omeros
OMER
$788M
| $13M | 0.02% |
748,292
-364,292
| -33% | -$5.25M |
|
1077
Polaris
PII
$4.19B
| $13M | 0.02% |
153,502
+88,771
| +137% | +$7.53M |
|
1078
PUT
Delta Air Lines
DAL
$58.3B
| $13M | 0.02% |
250,900
-98,600
| -28% | -$4.89M |
|
|
LSXMK
1079
DELISTED
Liberty Media Corporation Series C Liberty SiriusXM Common Stock
LSXMK
| $12.9M | 0.02% |
444,405
-562,451
| -56% | -$17M |
|
|
TGNA
1080
DELISTED
TEGNA Inc
TGNA
| $12.9M | 0.02% |
915,670
-32,727
| -3% | -$415K |
|
1081
CALL
Pfizer
PFE
$143B
| $12.9M | 0.02% |
320,311
+109,511
| +52% | +$4.39M |
|
1082
Builders FirstSource
BLDR
$7.94B
| $12.8M | 0.02% |
+956,622
| New | +$12.6M |
|
|
CHCT
1083
Community Healthcare Trust
CHCT
$542M
| $12.8M | 0.02% |
355,514
+3,200
| +0.9% | +$106K |
|
1084
Elanco Animal Health
ELAN
$12.9B
| $12.7M | 0.02% |
+397,093
| New | +$12.2M |
|
1085
Armstrong World Industries
AWI
$7.78B
| $12.7M | 0.02% |
160,288
-542,058
| -77% | -$37.8M |
|
|
TWNK
1086
DELISTED
Hostess Brands, Inc. Class A Common Stock
TWNK
| $12.7M | 0.02% |
1,015,425
+984,813
| +3,217% | +$11.5M |
|
1087
BioCryst Pharmaceuticals
BCRX
$2.42B
| $12.7M | 0.02% |
1,556,785
+748,758
| +93% | +$6.41M |
|
|
DISH
1088
DELISTED
DISH Network Corp.
DISH
| $12.6M | 0.02% |
398,377
-866,839
| -69% | -$26.6M |
|
1089
SPX Corp
SPXC
$10.5B
| $12.6M | 0.02% |
362,511
+219,695
| +154% | +$7.14M |
|
1090
Red Robin
RRGB
$135M
| $12.6M | 0.02% |
436,485
+81,539
| +23% | +$2.52M |
|
1091
CALL
iShares MSCI India ETF
INDA
$6.85B
| $12.5M | 0.02% |
+355,600
| New | +$11.8M |
|
|
CELG
1092
CALL
DELISTED
Celgene Corp
CELG
| $12.5M | 0.02% |
132,500
+32,500
| +33% | +$2.84M |
|
1093
FIVE9
FIVN
$2.06B
| $12.5M | 0.02% |
235,899
+57,811
| +32% | +$2.94M |
|
1094
IDEX
IEX
$16.7B
| $12.4M | 0.02% |
81,792
-45,532
| -36% | -$6.44M |
|
1095
SPS Commerce
SPSC
$2.51B
| $12.4M | 0.02% |
233,520
-142,880
| -38% | -$7M |
|
1096
Vanguard Short-Term Bond ETF
BSV
$44.7B
| $12.3M | 0.02% |
154,661
-27,785
| -15% | -$2.19M |
|
1097
O'Reilly Automotive
ORLY
$76.3B
| $12.3M | 0.02% |
473,940
-4,907,850
| -91% | -$119M |
|
|
CXP
1098
DELISTED
COLUMBIA PROPERTY TRUST, INC.
CXP
| $12.3M | 0.02% |
544,673
-471,465
| -46% | -$10.2M |
|
1099
Interactive Brokers
IBKR
$40.5B
| $12.2M | 0.02% |
943,464
+95,020
| +11% | +$1.25M |
|
|
TELL
1100
DELISTED
Tellurian Inc.
TELL
| $12.2M | 0.02% |
1,091,263
-957,123
| -47% | -$9M |
|
Similar funds
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.