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 |
Boston Scientific
BSX
|
+$240M |
| 2 |
eBay
EBAY
|
+$231M |
| 3 |
PXD
Pioneer Natural Resource Co.
PXD
|
+$216M |
| 4 |
Ameren
AEE
|
+$196M |
| 5 |
Kohl's
KSS
|
+$182M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$552M |
| 2 |
Micron Technology
MU
|
+$425M |
| 3 |
Visa
V
|
+$225M |
| 4 |
Marathon Petroleum
MPC
|
+$225M |
| 5 |
ESRX
Express Scripts Holding Company
ESRX
|
+$218M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 13.6% |
| 2 | Healthcare | 12.02% |
| 3 | Technology | 11.62% |
| 4 | Industrials | 11.19% |
| 5 | Consumer Discretionary | 10.9% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
EVHC
1351
CALL
DELISTED
Envision Healthcare Holdings Inc
EVHC
| $9.61M | 0.01% |
250,000
+50,000
| +25% | +$1.87M |
|
|
VIAB
1352
DELISTED
Viacom Inc. Class B
VIAB
| $9.6M | 0.01% |
309,035
-482,989
| -61% | -$15.6M |
|
|
ALOG
1353
PUT
DELISTED
Analogic Corp
ALOG
| $9.59M | 0.01% |
+100,000
| New | +$8.66M |
|
|
ZEN
1354
CALL
DELISTED
ZENDESK INC
ZEN
| $9.57M | 0.01% |
+200,000
| New | +$8.29M |
|
|
AMAG
1355
DELISTED
AMAG Pharmaceuticals
AMAG
| $9.57M | 0.01% |
474,796
-167,302
| -26% | -$2.83M |
|
1356
La-Z-Boy
LZB
$1.58B
| $9.54M | 0.01% |
318,632
+241,781
| +315% | +$7.42M |
|
1357
Cerus
CERS
$433M
| $9.54M | 0.01% |
1,740,398
+886,056
| +104% | +$4.03M |
|
|
ECHO
1358
DELISTED
Echo Global Logistics, Inc.
ECHO
| $9.53M | 0.01% |
345,097
+309,769
| +877% | +$8.7M |
|
|
DQ
1359
Daqo New Energy
DQ
$823M
| $9.49M | 0.01% |
969,390
+437,690
| +82% | +$4.74M |
|
|
AMTD
1360
PUT
DELISTED
TD Ameritrade Holding Corp
AMTD
| $9.48M | 0.01% |
160,000
+30,000
| +23% | +$1.7M |
|
1361
United Fire Group
UFCS
$1.32B
| $9.47M | 0.01% |
197,929
+179,775
| +990% | +$8.09M |
|
|
INST
1362
DELISTED
Instructure, Inc.
INST
| $9.46M | 0.01% |
224,426
-154,684
| -41% | -$6.1M |
|
1363
Atlanta Braves Holdings Series B
BATRK
$3.26B
| $9.46M | 0.01% |
414,393
-163,823
| -28% | -$3.8M |
|
1364
Vanguard Total Bond Market
BND
$157B
| $9.46M | 0.01% |
118,308
+4,293
| +4% | +$344K |
|
1365
CALL
Box
BOX
$4.37B
| $9.45M | 0.01% |
+460,000
| New | +$9.9M |
|
|
ENIA
1366
DELISTED
Enel Amricas S.A. American Depositary Shares (Each representing 50 shares of Common Stock)
ENIA
| $9.45M | 0.01% |
813,249
+32,162
| +4% | +$368K |
|
|
NUAN
1367
CALL
DELISTED
Nuance Communications, Inc.
NUAN
| $9.45M | 0.01% |
+693,000
| New | +$10.1M |
|
1368
Fortune Brands Innovations
FBIN
$5.88B
| $9.45M | 0.01% |
187,654
-911,744
| -83% | -$50.8M |
|
1369
Bank of N.T. Butterfield & Son
NTB
$2.43B
| $9.44M | 0.01% |
210,363
-781,553
| -79% | -$33.3M |
|
|
ECOL
1370
DELISTED
US Ecology, Inc.
ECOL
| $9.44M | 0.01% |
177,083
+165,588
| +1,441% | +$8.75M |
|
|
HSII
1371
DELISTED
Heidrick & Struggles
HSII
| $9.44M | 0.01% |
301,949
+81,528
| +37% | +$2.23M |
|
1372
Commault Systems
CVLT
$4.88B
| $9.43M | 0.01% |
164,835
-27,526
| -14% | -$1.48M |
|
1373
Target
TGT
$65.6B
| $9.43M | 0.01% |
135,772
+102,325
| +306% | +$7.45M |
|
1374
CALL
Tower Semiconductor
TSEM
$24.8B
| $9.42M | 0.01% |
350,000
-100,000
| -22% | -$3.18M |
|
|
MOBL
1375
DELISTED
MobileIron, Inc.
MOBL
| $9.42M | 0.01% |
1,902,438
+1,288,147
| +210% | +$5.86M |
|
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Millennium Management's Q1 2018 Portfolio in Review
As of Q1 2018, Millennium Management held 4,417 positions worth $74.9B, up 3.4% from $72.5B the previous quarter. Its ten largest holdings account for 6.3% of the portfolio.
Millennium Management deployed $3.3B of net new capital in Q1 2018, opening 664 new positions and adding to 1,467 existing holdings. Its largest new stake was Tiffany & Co.: 1,078,847 shares worth $105M.
By sector, the portfolio is most concentrated in Financials at 14% of assets, down from 14% a quarter earlier, followed by Healthcare and Technology.
On the sell side, the largest reduction was State Street SPDR S&P 500 ETF Trust, an estimated $552M trimmed.
- Millennium Management's largest Q1 2018 buy was Tiffany & Co.: 1,078,847 shares worth $105M.
- Millennium Management added most to Boston Scientific in Q1 2018, an estimated $240M increase.
- Millennium Management's biggest Q1 2018 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $552M.
- Millennium Management fully exited Equinix in Q1 2018, selling an estimated $152M.
- Millennium Management's ten largest holdings make up 6.3% of its $74.9B portfolio in Q1 2018.
- Millennium Management opened 664 new positions and closed 833 in Q1 2018.
- Millennium Management's portfolio value rose 3.4% quarter-over-quarter to $74.9B.
Based on Millennium Management's 13F filing for Q1 2018, filed 15 May 2018.