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 | |
|---|---|---|---|---|---|---|
1226
iShares Core S&P Mid-Cap ETF
IJH
$123B
| $10.1M | 0.02% |
267,135
+79,955
| +43% | +$2.95M |
|
1227
CALL
AstraZeneca
AZN
$267B
| $10.1M | 0.02% |
125,000
-250,000
| -67% | -$19.7M |
|
|
MBT
1228
DELISTED
Mobile TeleSystems Public Joint Stock Company American Depositary Shares (Each representing 2 Shares
MBT
| $10.1M | 0.02% |
1,336,127
-18,989
| -1% | -$151K |
|
1229
PUT
Analog Devices
ADI
$178B
| $10.1M | 0.02% |
95,800
+50,400
| +111% | +$5.06M |
|
|
IVC
1230
DELISTED
Invacare Corporation
IVC
| $10.1M | 0.02% |
1,202,386
+756,315
| +170% | +$5.45M |
|
1231
Wabtec
WAB
$51.7B
| $10.1M | 0.02% |
136,493
+131,950
| +2,904% | +$9.51M |
|
|
NGHC
1232
DELISTED
National General Holdings Corp
NGHC
| $10.1M | 0.02% |
423,858
+212,558
| +101% | +$5.23M |
|
|
AVTA
1233
DELISTED
Avantax, Inc. Common Stock
AVTA
| $10.1M | 0.02% |
301,210
+284,448
| +1,697% | +$8.28M |
|
|
AD
1234
Array Digital Infrastructure
AD
$3.03B
| $10M | 0.02% |
218,026
+57,386
| +36% | +$3M |
|
|
CTXS
1235
PUT
DELISTED
Citrix Systems Inc
CTXS
| $10M | 0.02% |
100,400
-99,600
| -50% | -$10.3M |
|
1236
Idacorp
IDA
$8.24B
| $9.99M | 0.02% |
100,358
-8,061
| -7% | -$782K |
|
1237
Seagate
STX
$169B
| $9.99M | 0.02% |
208,608
-173,899
| -45% | -$7.71M |
|
1238
AGNC Investment
AGNC
$12.9B
| $9.99M | 0.01% |
554,757
-1,030,475
| -65% | -$18.4M |
|
1239
Adeia
ADEA
$2.77B
| $9.98M | 0.01% |
1,612,435
+189,900
| +13% | +$1.12M |
|
|
CNCE
1240
DELISTED
Concert Pharmaceuticals, Inc.
CNCE
| $9.98M | 0.01% |
826,868
-184,885
| -18% | -$2.72M |
|
1241
Allegiant Air
ALGT
$2.73B
| $9.97M | 0.01% |
77,006
+9,401
| +14% | +$1.2M |
|
1242
Simpson Manufacturing
SSD
$8.16B
| $9.97M | 0.01% |
168,142
-156,102
| -48% | -$9.23M |
|
1243
America Movil
AMX
$77.2B
| $9.96M | 0.01% |
697,768
-2,247,081
| -76% | -$33.9M |
|
|
ESPR
1244
DELISTED
Esperion Therapeutics
ESPR
| $9.96M | 0.01% |
248,173
+165,637
| +201% | +$7.43M |
|
1245
CALL
Align Technology
ALGN
$12.6B
| $9.95M | 0.01% |
35,000
+7,500
| +27% | +$1.79M |
|
1246
CNA Financial
CNA
$15B
| $9.94M | 0.01% |
229,386
-141,900
| -38% | -$6.28M |
|
|
TMCXU
1247
DELISTED
Trinity Merger Corp. Unit
TMCXU
| $9.93M | 0.01% |
950,000
| – | – |
|
1248
Kinross Gold
KGC
$28.1B
| $9.91M | 0.01% |
2,881,835
+2,122,966
| +280% | +$7.08M |
|
1249
Webster Financial
WBS
$12.5B
| $9.91M | 0.01% |
195,499
-184,269
| -49% | -$9.99M |
|
1250
CALL
Home Depot
HD
$343B
| $9.9M | 0.01% |
+51,600
| New | +$9.47M |
|
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.