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 | |
|---|---|---|---|---|---|---|
1251
CALL
UnitedHealth
UNH
$389B
| $9.89M | 0.01% |
40,000
+25,000
| +167% | +$6.38M |
|
|
1252
PUT
UnitedHealth
UNH
$389B
| $9.89M | 0.01% |
+40,000
| New | +$10.2M |
|
|
AJRD
1253
DELISTED
Aerojet Rocketdyne Holdings
AJRD
| $9.87M | 0.01% |
277,792
-154,783
| -36% | -$5.7M |
|
1254
Gentex
GNTX
$5.12B
| $9.87M | 0.01% |
477,048
+302,948
| +174% | +$6.33M |
|
1255
Allison Transmission
ALSN
$10B
| $9.83M | 0.01% |
218,924
+187,012
| +586% | +$8.88M |
|
1256
Stride
LRN
$4.08B
| $9.83M | 0.01% |
288,100
-248,557
| -46% | -$7.58M |
|
1257
HEICO Corp Class A
HEI.A
$36.8B
| $9.83M | 0.01% |
116,949
-263,496
| -69% | -$19.3M |
|
1258
CALL
Masco
MAS
$16.5B
| $9.83M | 0.01% |
250,000
| – | – |
|
1259
Macerich
MAC
$7.52B
| $9.83M | 0.01% |
226,658
-18,663
| -8% | -$825K |
|
1260
Tetra Tech
TTEK
$8.7B
| $9.81M | 0.01% |
823,530
-688,170
| -46% | -$7.72M |
|
1261
Conduent
CNDT
$251M
| $9.81M | 0.01% |
709,015
-11,291
| -2% | -$150K |
|
1262
PUT
Oracle
ORCL
$346B
| $9.79M | 0.01% |
182,300
+81,700
| +81% | +$4.16M |
|
|
WCC
1263
WESCO International
WCC
$16.1B
| $9.79M | 0.01% |
184,585
-69,849
| -27% | -$3.69M |
|
1264
Trex
TREX
$4.57B
| $9.78M | 0.01% |
318,000
-136,914
| -30% | -$4.78M |
|
|
HNGR
1265
DELISTED
Hanger Inc.
HNGR
| $9.76M | 0.01% |
512,480
+425,833
| +491% | +$8.44M |
|
1266
NIO
NIO
$11.7B
| $9.76M | 0.01% |
1,913,267
+1,529,267
| +398% | +$10.8M |
|
|
BRSL
1267
Brightstar Lottery PLC
BRSL
$1.92B
| $9.75M | 0.01% |
750,840
-694,404
| -48% | -$10.7M |
|
|
HTO
1268
H2O America
HTO
$2.69B
| $9.74M | 0.01% |
157,811
-69,657
| -31% | -$4.18M |
|
|
EGRX
1269
DELISTED
Eagle Pharmaceuticals, Inc.
EGRX
| $9.74M | 0.01% |
192,948
-91,805
| -32% | -$4.09M |
|
1270
Unifirst Corp
UNF
$5.43B
| $9.74M | 0.01% |
63,452
+52,412
| +475% | +$7.37M |
|
1271
Interparfums
IPAR
$4.09B
| $9.73M | 0.01% |
128,317
+89,528
| +231% | +$6.27M |
|
|
KDMN
1272
DELISTED
Kadmon Holdings, Inc.
KDMN
| $9.71M | 0.01% |
3,678,811
+3,259,154
| +777% | +$8.22M |
|
1273
Southside Bancshares
SBSI
$974M
| $9.69M | 0.01% |
291,506
+162,879
| +127% | +$5.52M |
|
|
MZTI
1274
The Marzetti Company
MZTI
$3.02B
| $9.68M | 0.01% |
+61,801
| New | +$9.94M |
|
1275
Insmed
INSM
$22.6B
| $9.66M | 0.01% |
332,268
+321,153
| +2,889% | +$8.32M |
|
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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.