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 | |
|---|---|---|---|---|---|---|
1351
Spotify
SPOT
$105B
| $8.66M | 0.01% |
62,383
-45,075
| -42% | -$6.16M |
|
|
COWN
1352
DELISTED
Cowen Inc. Class A Common Stock
COWN
| $8.65M | 0.01% |
597,280
-529,346
| -47% | -$8.09M |
|
|
JHG
1353
DELISTED
Janus Henderson
JHG
| $8.64M | 0.01% |
345,919
+149,322
| +76% | +$3.46M |
|
1354
CALL
Alibaba
BABA
$276B
| $8.61M | 0.01% |
47,200
-372,800
| -89% | -$62.7M |
|
1355
PUT
iShares MSCI South Korea ETF
EWY
$21.1B
| $8.61M | 0.01% |
141,300
+16,300
| +13% | +$1.01M |
|
1356
PUT
Hershey
HSY
$37.2B
| $8.61M | 0.01% |
+75,000
| New | +$8.17M |
|
1357
American Superconductor
AMSC
$1.39B
| $8.61M | 0.01% |
669,553
+525,036
| +363% | +$7.14M |
|
1358
Franklin Electric
FELE
$4.85B
| $8.59M | 0.01% |
168,184
+86,807
| +107% | +$4.28M |
|
1359
Alaska Air
ALK
$5.42B
| $8.58M | 0.01% |
152,866
-79,326
| -34% | -$4.84M |
|
1360
Resideo Technologies
REZI
$5.55B
| $8.55M | 0.01% |
443,258
-276,278
| -38% | -$6.12M |
|
|
QTNA
1361
DELISTED
Quantenna Communications, Inc. Common Stock
QTNA
| $8.53M | 0.01% |
350,555
-120,688
| -26% | -$2.1M |
|
|
AXON
1362
Axon Enterprise
AXON
$44.1B
| $8.51M | 0.01% |
156,306
+46,432
| +42% | +$2.38M |
|
1363
ArcelorMittal
MT
$50.7B
| $8.5M | 0.01% |
417,254
+390,554
| +1,463% | +$8.65M |
|
1364
TC Energy
TRP
$70.5B
| $8.48M | 0.01% |
188,665
+170,264
| +925% | +$7.32M |
|
|
FBC
1365
DELISTED
Flagstar Bancorp, Inc. New
FBC
| $8.48M | 0.01% |
257,561
-38,318
| -13% | -$1.2M |
|
1366
Marriott Vacations Worldwide
VAC
$3.52B
| $8.47M | 0.01% |
90,569
+56,621
| +167% | +$5.09M |
|
1367
Perdoceo Education
PRDO
$2.06B
| $8.47M | 0.01% |
512,441
+183,735
| +56% | +$2.65M |
|
1368
IAMGOLD
IAG
$8.24B
| $8.46M | 0.01% |
2,437,744
-1,690,186
| -41% | -$5.92M |
|
1369
BBVA Argentina
BBAR
$3.85B
| $8.46M | 0.01% |
889,375
+416,044
| +88% | +$4.93M |
|
1370
Enova International
ENVA
$6.2B
| $8.44M | 0.01% |
369,908
-122,208
| -25% | -$2.88M |
|
|
EV
1371
DELISTED
Eaton Vance Corp.
EV
| $8.44M | 0.01% |
209,307
-506,673
| -71% | -$20.1M |
|
|
GTLS
1372
DELISTED
Chart Industries
GTLS
| $8.42M | 0.01% |
93,030
-848,296
| -90% | -$68.5M |
|
1373
PUT
International Flavors & Fragrances
IFF
$20.2B
| $8.42M | 0.01% |
18,000
-7,500
| -29% | -$994K |
|
1374
CALL
uniQure
QURE
$2.52B
| $8.41M | 0.01% |
141,000
+900
| +0.6% | +$40.2K |
|
|
MOBL
1375
DELISTED
MobileIron, Inc.
MOBL
| $8.41M | 0.01% |
1,537,402
+187,284
| +14% | +$924K |
|
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.