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 | |
|---|---|---|---|---|---|---|
101
Edwards Lifesciences
EW
$47.6B
| $123M | 0.18% |
1,931,037
+746,049
| +63% | +$42.6M |
|
102
Dominion Energy
D
$62.5B
| $121M | 0.18% |
1,574,370
-1,844,498
| -54% | -$135M |
|
103
FirstEnergy
FE
$28.9B
| $120M | 0.18% |
2,883,332
-2,951,745
| -51% | -$117M |
|
104
Host Hotels & Resorts
HST
$16.8B
| $120M | 0.18% |
6,344,143
+1,813,752
| +40% | +$33.5M |
|
105
Equinix
EQIX
$107B
| $119M | 0.18% |
262,155
+153,480
| +141% | +$62.5M |
|
106
PUT
State Street Industrial Select Sector SPDR ETF
XLI
$33.9B
| $116M | 0.17% |
1,543,700
+1,006,700
| +187% | +$72.9M |
|
107
PUT
Broadcom
AVGO
$1.82T
| $115M | 0.17% |
3,838,000
+2,675,000
| +230% | +$72.5M |
|
108
CALL
Qualcomm
QCOM
$176B
| $115M | 0.17% |
2,022,200
+1,347,100
| +200% | +$72.7M |
|
109
Suncor Energy
SU
$77.7B
| $115M | 0.17% |
3,550,463
+953,526
| +37% | +$31.1M |
|
110
Icon
ICLR
$12.8B
| $114M | 0.17% |
837,253
+286,409
| +52% | +$39M |
|
111
Northern Trust
NTRS
$22.2B
| $114M | 0.17% |
1,264,577
+845,029
| +201% | +$76.2M |
|
|
TSS
112
DELISTED
Total System Services, Inc.
TSS
| $114M | 0.17% |
1,202,571
+14,839
| +1% | +$1.34M |
|
|
HRC
113
DELISTED
HILL-ROM HOLDINGS, INC.
HRC
| $114M | 0.17% |
1,073,346
-194,758
| -15% | -$19.6M |
|
114
Dollar Tree
DLTR
$23.1B
| $114M | 0.17% |
1,081,593
+14,101
| +1% | +$1.38M |
|
115
S&P Global
SPGI
$126B
| $113M | 0.17% |
536,629
+132,567
| +33% | +$25.7M |
|
116
EOG Resources
EOG
$78B
| $113M | 0.17% |
1,185,426
+717
| +0.1% | +$68.3K |
|
117
Simon Property Group
SPG
$74.5B
| $113M | 0.17% |
618,429
+522,723
| +546% | +$92.9M |
|
118
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$34.7B
| $113M | 0.17% |
945,477
+847,023
| +860% | +$98.1M |
|
119
Exelon
EXC
$48.6B
| $112M | 0.17% |
3,139,665
+2,687,593
| +595% | +$91.5M |
|
120
Vertex Pharmaceuticals
VRTX
$121B
| $112M | 0.17% |
610,211
-620,640
| -50% | -$115M |
|
121
Restaurant Brands International
QSR
$25.1B
| $112M | 0.17% |
1,720,991
-221,759
| -11% | -$13.6M |
|
122
Microsoft
MSFT
$2.84T
| $112M | 0.17% |
949,578
+236,741
| +33% | +$25.8M |
|
123
Alibaba
BABA
$269B
| $112M | 0.17% |
611,375
+285,310
| +88% | +$48M |
|
124
Williams Companies
WMB
$90.5B
| $112M | 0.17% |
3,882,452
-2,619,134
| -40% | -$70.2M |
|
|
125
Alphabet (Google) Class A
GOOGL
$3.91T
| $111M | 0.17% |
1,891,460
-2,397,080
| -56% | -$135M |
|
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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.