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 |
Fortive
FTV
|
+$1.39B |
| 2 |
ANDV
Andeavor
ANDV
|
+$1B |
| 3 |
Citigroup
C
|
+$332M |
| 4 |
Apple
AAPL
|
+$307M |
| 5 |
Oracle
ORCL
|
+$228M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
AABA
Altaba Inc
AABA
|
+$579M |
| 2 |
Electronic Arts
EA
|
+$233M |
| 3 |
Keurig Dr Pepper
KDP
|
+$215M |
| 4 |
APC
Anadarko Petroleum
APC
|
+$206M |
| 5 |
XL
XL Group Ltd.
XL
|
+$190M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 13.4% |
| 2 | Financials | 12.54% |
| 3 | Healthcare | 11.73% |
| 4 | Consumer Discretionary | 9.48% |
| 5 | Industrials | 9.28% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
PVLA
1351
Palvella Therapeutics
PVLA
$2.05B
| $9.54M | 0.01% |
21,292
+7,774
| +58% | +$3.38M |
|
1352
Avient
AVNT
$3.41B
| $9.52M | 0.01% |
217,823
+29,312
| +16% | +$1.28M |
|
1353
PUT
Markel Group
MKL
$25.5B
| $9.51M | 0.01% |
+8,000
| New | +$9.41M |
|
|
VNTR
1354
DELISTED
Venator Materials PLC
VNTR
| $9.48M | 0.01% |
1,053,089
+435,843
| +71% | +$5.63M |
|
1355
Hanmi Financial
HAFC
$947M
| $9.46M | 0.01% |
379,741
-321,145
| -46% | -$8.46M |
|
|
HIBB
1356
DELISTED
Hibbett, Inc. Common Stock
HIBB
| $9.45M | 0.01% |
502,480
+87,437
| +21% | +$1.98M |
|
1357
Photronics
PLAB
$1.72B
| $9.44M | 0.01% |
958,608
-365,603
| -28% | -$3.4M |
|
|
BECN
1358
DELISTED
Beacon Roofing Supply, Inc.
BECN
| $9.43M | 0.01% |
260,661
-87,856
| -25% | -$3.48M |
|
|
NATI
1359
DELISTED
National Instruments Corp
NATI
| $9.41M | 0.01% |
194,723
+73,077
| +60% | +$3.33M |
|
|
HIFR
1360
DELISTED
InfraREIT, Inc.
HIFR
| $9.38M | 0.01% |
443,419
+243,450
| +122% | +$5.17M |
|
|
IDTI
1361
DELISTED
Integrated Device Technology I
IDTI
| $9.38M | 0.01% |
199,466
-1,351,548
| -87% | -$52.2M |
|
|
SHOE
1362
Shoe Station Group
SHOE
$431M
| $9.37M | 0.01% |
486,684
-28,226
| -5% | -$502K |
|
1363
CALL
Southwest Airlines
LUV
$22.7B
| $9.37M | 0.01% |
+150,000
| New | +$8.77M |
|
1364
Patterson-UTI
PTEN
$3.48B
| $9.36M | 0.01% |
546,748
+373,478
| +216% | +$6.41M |
|
|
ATHN
1365
CALL
DELISTED
Athenahealth, Inc.
ATHN
| $9.35M | 0.01% |
+70,000
| New | +$10.5M |
|
1366
Towne Bank
TOWN
$3.53B
| $9.35M | 0.01% |
302,948
-69,125
| -19% | -$2.23M |
|
1367
FMC
FMC
$1.37B
| $9.32M | 0.01% |
123,211
-603,990
| -83% | -$45.5M |
|
1368
Terex
TEX
$7.84B
| $9.31M | 0.01% |
+233,344
| New | +$9.49M |
|
1369
Liberty Global Class A
LBTYA
$3.49B
| $9.3M | 0.01% |
321,385
+175,042
| +120% | +$4.88M |
|
1370
Brighthouse Financial
BHF
$3.66B
| $9.28M | 0.01% |
209,731
+149,178
| +246% | +$6.28M |
|
1371
CALL
Norfolk Southern
NSC
$76.1B
| $9.28M | 0.01% |
+51,400
| New | +$8.78M |
|
|
HOLX
1372
CALL
DELISTED
Hologic
HOLX
| $9.22M | 0.01% |
225,000
-205,000
| -48% | -$8.29M |
|
1373
CALL
LyondellBasell Industries
LYB
$18.8B
| $9.21M | 0.01% |
89,800
-12,600
| -12% | -$1.38M |
|
1374
AnaptysBio
ANAB
$1.54B
| $9.2M | 0.01% |
92,168
-143,105
| -61% | -$11.9M |
|
|
PETQ
1375
DELISTED
PetIQ, Inc. Class A Common Stock
PETQ
| $9.17M | 0.01% |
233,176
+158,004
| +210% | +$5.26M |
|
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Millennium Management's Q3 2018 Portfolio in Review
As of Q3 2018, Millennium Management held 4,590 positions worth $81.6B, up 6.4% from $76.7B the previous quarter. Its ten largest holdings account for 10% of the portfolio.
Millennium Management's Q3 2018 filing shows 841 new, 1,291 increased, 1,638 reduced and 748 closed positions. Its largest new stake was Fortive: 27,116,929 shares worth $1.44B. The largest sale was Altaba Inc, an estimated $579M.
By sector, the portfolio is most concentrated in Technology at 13% of assets, up from 12% a quarter earlier, followed by Financials and Healthcare.
- Millennium Management's largest Q3 2018 buy was Fortive: 27,116,929 shares worth $1.44B.
- Millennium Management added most to Andeavor in Q3 2018, an estimated $1B increase.
- Millennium Management's biggest Q3 2018 reduction was Altaba Inc, cutting an estimated $579M.
- Millennium Management fully exited XL Group Ltd. in Q3 2018, selling an estimated $190M.
- Millennium Management's ten largest holdings make up 10% of its $81.6B portfolio in Q3 2018.
- Millennium Management opened 841 new positions and closed 748 in Q3 2018.
- Millennium Management's portfolio value rose 6.4% quarter-over-quarter to $81.6B.
Based on Millennium Management's 13F filing for Q3 2018, filed 14 Nov 2018.