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 | |
|---|---|---|---|---|---|---|
|
HIFR
1426
DELISTED
InfraREIT, Inc.
HIFR
| $6.29M | 0.01% |
299,160
-144,259
| -33% | -$3.07M |
|
1427
Ryman Hospitality Properties
RHP
$8.58B
| $6.24M | 0.01% |
93,584
-748,406
| -89% | -$56.1M |
|
1428
State Street Technology Select Sector SPDR ETF
XLK
$112B
| $6.24M | 0.01% |
201,318
-79,426
| -28% | -$2.69M |
|
|
ROIC
1429
DELISTED
Retail Opportunity Investments Corp.
ROIC
| $6.24M | 0.01% |
392,705
+207,469
| +112% | +$3.65M |
|
|
FRGI
1430
DELISTED
Fiesta Restaurant Group, Inc.
FRGI
| $6.24M | 0.01% |
402,035
+123,769
| +44% | +$2.7M |
|
|
IMPV
1431
DELISTED
Imperva, Inc.
IMPV
| $6.22M | 0.01% |
111,662
-212,856
| -66% | -$11.6M |
|
1432
iShares Core S&P Mid-Cap ETF
IJH
$123B
| $6.22M | 0.01% |
187,180
+8,385
| +5% | +$306K |
|
1433
iShares MSCI USA Min Vol Factor ETF
USMV
$23.7B
| $6.22M | 0.01% |
118,643
+108,801
| +1,105% | +$5.98M |
|
1434
Signet Jewelers
SIG
$3.81B
| $6.21M | 0.01% |
195,614
+145,307
| +289% | +$7.29M |
|
|
SGI
1435
CALL
Somnigroup International
SGI
$15.2B
| $6.21M | 0.01% |
+600,000
| New | +$7.19M |
|
|
MOBL
1436
DELISTED
MobileIron, Inc.
MOBL
| $6.2M | 0.01% |
1,350,118
+479,706
| +55% | +$2.25M |
|
|
GBNK
1437
DELISTED
Guaranty Bancorp
GBNK
| $6.18M | 0.01% |
+297,852
| New | +$7.59M |
|
1438
KRONOS Worldwide
KRO
$712M
| $6.18M | 0.01% |
536,085
+10,415
| +2% | +$140K |
|
|
HMHC
1439
DELISTED
Houghton Mifflin Harcourt Company
HMHC
| $6.16M | 0.01% |
695,399
+404,669
| +139% | +$3.2M |
|
1440
Vishay Precision Group
VPG
$1.22B
| $6.16M | 0.01% |
203,591
+57,542
| +39% | +$1.89M |
|
1441
Zai Lab
ZLAB
$2.1B
| $6.15M | 0.01% |
264,724
-10,422
| -4% | -$193K |
|
1442
Commault Systems
CVLT
$4.97B
| $6.13M | 0.01% |
103,675
-54,929
| -35% | -$3.24M |
|
|
LPT
1443
DELISTED
Liberty Property Trust
LPT
| $6.12M | 0.01% |
146,043
-208,711
| -59% | -$9.01M |
|
|
TSRO
1444
DELISTED
TESARO, Inc.
TSRO
| $6.09M | 0.01% |
82,089
-1,478,672
| -95% | -$71.1M |
|
1445
PUT
ConocoPhillips
COP
$139B
| $6.08M | 0.01% |
+97,500
| New | +$6.63M |
|
|
AYR
1446
DELISTED
Aircastle Ltd
AYR
| $6.07M | 0.01% |
352,344
+239,909
| +213% | +$4.57M |
|
|
PRSP
1447
DELISTED
Perspecta Inc. Common Stock
PRSP
| $6.06M | 0.01% |
351,988
+248,354
| +240% | +$5.5M |
|
1448
Rush Enterprises Class A
RUSHA
$6.13B
| $6.04M | 0.01% |
394,198
-361,098
| -48% | -$5.77M |
|
|
ALTR
1449
DELISTED
Altair Engineering Inc
ALTR
| $6.03M | 0.01% |
218,777
-156,618
| -42% | -$5.16M |
|
1450
POSCO
PKX
$15.5B
| $6.03M | 0.01% |
109,774
+56,222
| +105% | +$3.22M |
|
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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.