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 | |
|---|---|---|---|---|---|---|
1401
CALL
FedEx
FDX
$74B
| $6.45M | 0.01% |
+40,000
| New | +$8.46M |
|
|
AAN.A
1402
DELISTED
The Aaron's Company Inc Class A
AAN.A
| $6.43M | 0.01% |
152,928
-31,515
| -17% | -$1.33M |
|
1403
Cerus
CERS
$585M
| $6.42M | 0.01% |
1,267,355
+686,333
| +118% | +$3.98M |
|
|
BEL
1404
DELISTED
Belmond Ltd.
BEL
| $6.42M | 0.01% |
+256,651
| New | +$4.94M |
|
1405
Vanguard Total Bond Market
BND
$158B
| $6.42M | 0.01% |
81,079
+23,022
| +40% | +$1.8M |
|
|
CELG
1406
CALL
DELISTED
Celgene Corp
CELG
| $6.41M | 0.01% |
+100,000
| New | +$7.38M |
|
|
AGS
1407
DELISTED
PlayAGS
AGS
| $6.41M | 0.01% |
278,609
+166,234
| +148% | +$3.95M |
|
1408
Andersons Inc
ANDE
$2.49B
| $6.41M | 0.01% |
214,392
+77,736
| +57% | +$2.6M |
|
1409
Anika Therapeutics
ANIK
$202M
| $6.4M | 0.01% |
190,548
+99,387
| +109% | +$3.59M |
|
1410
PUT
iShares MSCI Taiwan ETF
EWT
$9.59B
| $6.4M | 0.01% |
202,500
-67,500
| -25% | -$2.24M |
|
1411
Paychex
PAYX
$42.3B
| $6.4M | 0.01% |
98,243
-831,783
| -89% | -$56.3M |
|
1412
Mercado Libre
MELI
$94.4B
| $6.4M | 0.01% |
+21,848
| New | +$7.08M |
|
1413
Factset
FDS
$10.1B
| $6.39M | 0.01% |
31,953
+10,893
| +52% | +$2.4M |
|
|
GOL
1414
DELISTED
Gol Linhas Aéreas Inteligentes S.A. American Depositary Shares (Each representing Ten Preferred Shares)
GOL
| $6.39M | 0.01% |
+471,535
| New | +$4.76M |
|
|
SPLK
1415
PUT
DELISTED
Splunk Inc
SPLK
| $6.38M | 0.01% |
+60,800
| New | +$6.15M |
|
|
VNET
1416
VNET Group
VNET
$1.92B
| $6.37M | 0.01% |
737,052
+563,529
| +325% | +$5.58M |
|
1417
iPath Bloomberg Commodity Index Total Return ETN due 12 June 2036
DJP
$786M
| $6.37M | 0.01% |
300,000
| – | – |
|
1418
KB Home
KBH
$3.54B
| $6.36M | 0.01% |
333,204
-1,087,555
| -77% | -$22.3M |
|
1419
Heritage Financial
HFWA
$1.22B
| $6.34M | 0.01% |
213,281
+83,648
| +65% | +$2.74M |
|
1420
ASML
ASML
$608B
| $6.33M | 0.01% |
40,650
-11,182
| -22% | -$1.9M |
|
|
1421
CALL
iShares MSCI Taiwan ETF
EWT
$9.59B
| $6.32M | 0.01% |
200,000
| – | – |
|
1422
BlackRock TCP Capital
TCPC
$274M
| $6.32M | 0.01% |
484,972
+117,106
| +32% | +$1.63M |
|
1423
Vail Resorts
MTN
$5.6B
| $6.32M | 0.01% |
29,969
-134,022
| -82% | -$33.1M |
|
1424
Allegion
ALLE
$13.7B
| $6.31M | 0.01% |
79,186
-14,563
| -16% | -$1.26M |
|
1425
PepsiCo
PEP
$195B
| $6.29M | 0.01% |
56,941
-552,643
| -91% | -$62.3M |
|
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.