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 | |
|---|---|---|---|---|---|---|
1101
Dana Inc
DAN
$2.95B
| $12.2M | 0.02% |
688,008
+88,887
| +15% | +$1.58M |
|
1102
PUT
Ross Stores
ROST
$80.5B
| $12.1M | 0.02% |
130,100
+104,400
| +406% | +$9.58M |
|
1103
Empire State Realty Trust
ESRT
$978M
| $12.1M | 0.02% |
766,452
+106,586
| +16% | +$1.64M |
|
1104
Vanda Pharmaceuticals
VNDA
$308M
| $12.1M | 0.02% |
658,022
+72,158
| +12% | +$1.64M |
|
1105
SLB Ltd
SLB
$75.2B
| $12.1M | 0.02% |
277,609
+70,942
| +34% | +$3.07M |
|
1106
Brink's
BCO
$4.83B
| $12.1M | 0.02% |
160,086
-9,224
| -5% | -$685K |
|
1107
Adtran
ADTN
$706M
| $12.1M | 0.02% |
880,735
+527,865
| +150% | +$7.3M |
|
1108
Virtu Financial
VIRT
$5.1B
| $12M | 0.02% |
507,228
+384,554
| +313% | +$9.85M |
|
1109
PUT
Weyerhaeuser
WY
$17.6B
| $12M | 0.02% |
456,600
| – | – |
|
|
DPHCU
1110
DELISTED
DiamondPeak Holdings Corp. Units
DPHCU
| $12M | 0.02% |
+1,200,000
| New | +$12M |
|
1111
PUT
Expedia Group
EXPE
$34.9B
| $12M | 0.02% |
100,900
-107,100
| -51% | -$13M |
|
|
MASI
1112
DELISTED
Masimo
MASI
| $12M | 0.02% |
86,577
-367,596
| -81% | -$46.1M |
|
1113
NorthWestern Energy
NWE
$4.48B
| $11.9M | 0.02% |
169,675
+71,601
| +73% | +$4.7M |
|
1114
Belden
BDC
$4.05B
| $11.9M | 0.02% |
221,969
-159,433
| -42% | -$8.74M |
|
|
AAN.A
1115
DELISTED
The Aaron's Company Inc Class A
AAN.A
| $11.9M | 0.02% |
226,512
+73,584
| +48% | +$3.87M |
|
1116
CALL
Exelixis
EXEL
$14B
| $11.9M | 0.02% |
+500,000
| New | +$11.4M |
|
1117
Installed Building Products
IBP
$6.37B
| $11.8M | 0.02% |
244,070
-8,118
| -3% | -$348K |
|
|
BRY
1118
DELISTED
Berry Corp
BRY
| $11.8M | 0.02% |
+1,021,832
| New | +$11.6M |
|
|
SINA
1119
DELISTED
Sina Corp
SINA
| $11.8M | 0.02% |
198,994
+153,888
| +341% | +$9.22M |
|
1120
Hain Celestial
HAIN
$46.3M
| $11.8M | 0.02% |
509,671
+456,411
| +857% | +$8.8M |
|
1121
Ares Capital
ARCC
$13.7B
| $11.8M | 0.02% |
686,378
-676,291
| -50% | -$11.3M |
|
1122
Ironwood Pharmaceuticals
IRWD
$621M
| $11.7M | 0.02% |
1,036,461
-602,997
| -37% | -$6.73M |
|
|
HOUS
1123
DELISTED
Anywhere Real Estate
HOUS
| $11.7M | 0.02% |
1,030,060
+148,123
| +17% | +$2.28M |
|
1124
PUT
State Street Materials Select Sector SPDR ETF
XLB
$8.85B
| $11.7M | 0.02% |
423,000
-287,400
| -40% | -$7.75M |
|
1125
Owens Corning
OC
$11.7B
| $11.7M | 0.02% |
247,738
-809,278
| -77% | -$39.6M |
|
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.