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 |
CELG
Celgene Corp
CELG
|
+$379M |
| 2 |
Starbucks
SBUX
|
+$371M |
| 3 |
APC
Anadarko Petroleum
APC
|
+$287M |
| 4 |
Bristol-Myers Squibb
BMY
|
+$263M |
| 5 |
Tesla
TSLA
|
+$253M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Fortive
FTV
|
+$1.27B |
| 2 |
ANDV
Andeavor
ANDV
|
+$1.11B |
| 3 |
AET
Aetna Inc
AET
|
+$535M |
| 4 |
Microsoft
MSFT
|
+$350M |
| 5 |
Amazon
AMZN
|
+$290M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 12.69% |
| 2 | Technology | 12.68% |
| 3 | Financials | 12.18% |
| 4 | Consumer Discretionary | 10.77% |
| 5 | Industrials | 9.47% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1326
Ingredion
INGR
$6.48B
| $7.18M | 0.01% |
78,513
-105,523
| -57% | -$10.6M |
|
1327
Option Care Health
OPCH
$3.53B
| $7.17M | 0.01% |
502,181
-66,427
| -12% | -$876K |
|
1328
Shopify
SHOP
$169B
| $7.16M | 0.01% |
+517,380
| New | +$7.28M |
|
1329
Knowles
KN
$3.07B
| $7.16M | 0.01% |
537,724
+516,141
| +2,391% | +$7.56M |
|
1330
Fossil Group
FOSL
$262M
| $7.15M | 0.01% |
454,770
+383,098
| +535% | +$7.42M |
|
1331
Paylocity
PCTY
$7.43B
| $7.15M | 0.01% |
118,788
-78,273
| -40% | -$5.02M |
|
|
TDAY
1332
USA Today Co
TDAY
$1.27B
| $7.15M | 0.01% |
617,911
+387,609
| +168% | +$5.41M |
|
1333
Standard Motor Products
SMP
$897M
| $7.15M | 0.01% |
147,596
+126,604
| +603% | +$6.3M |
|
|
INN
1334
Summit Hotel Properties
INN
$743M
| $7.12M | 0.01% |
731,211
-289,550
| -28% | -$3.28M |
|
1335
Diodes
DIOD
$3.69B
| $7.1M | 0.01% |
220,055
-28,732
| -12% | -$918K |
|
|
GDEN
1336
DELISTED
Golden Entertainment
GDEN
| $7.07M | 0.01% |
441,394
-231,686
| -34% | -$4.22M |
|
1337
LyondellBasell Industries
LYB
$18.8B
| $7.03M | 0.01% |
84,552
-767,585
| -90% | -$70.2M |
|
|
AKRX
1338
DELISTED
Akorn Inc
AKRX
| $7.01M | 0.01% |
2,068,124
+1,292,897
| +167% | +$7.69M |
|
1339
Itaú Unibanco
ITUB
$91.6B
| $7M | 0.01% |
+1,053,229
| New | +$6.77M |
|
|
HPP
1340
Hudson Pacific Properties
HPP
$765M
| $7M | 0.01% |
34,429
-34,845
| -50% | -$7.45M |
|
|
BPYU
1341
DELISTED
Brookfield Property REIT Inc. Class A Common Stock
BPYU
| $7M | 0.01% |
434,740
-283,030
| -39% | -$5.17M |
|
1342
Pampa Energía
PAM
$4.56B
| $6.98M | 0.01% |
219,307
+135,336
| +161% | +$4.39M |
|
1343
Xtrackers Harvest CSI 300 China A-Shares ETF
ASHR
$1.53B
| $6.97M | 0.01% |
318,000
-236,217
| -43% | -$5.5M |
|
|
SNBR
1344
DELISTED
Sleep Number
SNBR
| $6.96M | 0.01% |
219,397
+170,352
| +347% | +$6.05M |
|
|
VXX
1345
DELISTED
iPath S&P 500 VIX Short-Term Futures ETN due 1/30/2019
VXX
| $6.92M | 0.01% |
147,671
-211,604
| -59% | -$7.83M |
|
1346
Adeia
ADEA
$2.77B
| $6.92M | 0.01% |
1,422,535
+779,992
| +121% | +$3.04M |
|
1347
CONMED
CNMD
$1.33B
| $6.92M | 0.01% |
107,796
+94,212
| +694% | +$6.45M |
|
1348
Saia
SAIA
$10.9B
| $6.92M | 0.01% |
123,943
-74,375
| -38% | -$4.52M |
|
1349
Newmark Group
NMRK
$2.88B
| $6.92M | 0.01% |
862,182
+229,017
| +36% | +$2.17M |
|
1350
Ultrapar
UGP
$6.74B
| $6.88M | 0.01% |
1,016,394
+48,196
| +5% | +$280K |
|
Similar funds
Millennium Management's Q4 2018 Portfolio in Review
As of Q4 2018, Millennium Management held 4,541 positions worth $64.1B, down 21% from $81.6B the previous quarter. Its ten largest holdings account for 6.7% of the portfolio.
Millennium Management withdrew a net $4.25B in Q4 2018, closing 844 positions and reducing 1,571 holdings. Its most notable exit was Andeavor, an estimated $1.11B position sold in full.
By sector, the portfolio is most concentrated in Healthcare at 13% of assets, up from 12% a quarter earlier, followed by Technology and Financials.
Against the trend, Millennium Management opened a new position in Athenahealth, Inc. worth $135M.
- Millennium Management's largest Q4 2018 buy was Athenahealth, Inc.: 1,022,505 shares worth $135M.
- Millennium Management added most to Celgene Corp in Q4 2018, an estimated $379M increase.
- Millennium Management's biggest Q4 2018 reduction was Fortive, cutting an estimated $1.27B.
- Millennium Management fully exited Andeavor in Q4 2018, selling an estimated $1.11B.
- Millennium Management's ten largest holdings make up 6.7% of its $64.1B portfolio in Q4 2018.
- Millennium Management opened 702 new positions and closed 844 in Q4 2018.
- Millennium Management's portfolio value fell 21% quarter-over-quarter to $64.1B.
Based on Millennium Management's 13F filing for Q4 2018, filed 14 Feb 2019.