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 | |
|---|---|---|---|---|---|---|
1451
PUT
Becton Dickinson
BDX
$45.8B
| $7.54M | 0.01% |
+30,955
| New | +$7.32M |
|
|
HT
1452
DELISTED
Hersha Hospitality Trust Priority Class A Common Shares of Beneficial Interest
HT
| $7.54M | 0.01% |
439,762
+275,840
| +168% | +$4.97M |
|
1453
Hyatt Hotels
H
$17.8B
| $7.53M | 0.01% |
103,697
-358,973
| -78% | -$25.4M |
|
1454
Murphy Oil
MUR
$5.25B
| $7.52M | 0.01% |
256,610
-1,347,434
| -84% | -$38.2M |
|
1455
Ferrari
RACE
$68.6B
| $7.51M | 0.01% |
56,115
-26,755
| -32% | -$3.28M |
|
1456
JELD-WEN Holding
JELD
$98.2M
| $7.5M | 0.01% |
+424,985
| New | +$7.65M |
|
|
YMAB
1457
DELISTED
Y-mAbs Therapeutics
YMAB
| $7.48M | 0.01% |
285,526
-101,393
| -26% | -$2.23M |
|
1458
Cytokinetics
CYTK
$10.8B
| $7.47M | 0.01% |
924,001
+884,297
| +2,227% | +$6.5M |
|
|
CXO
1459
DELISTED
CONCHO RESOURCES INC.
CXO
| $7.47M | 0.01% |
67,339
-244,431
| -78% | -$27.6M |
|
1460
Surgery Partners
SGRY
$2.04B
| $7.47M | 0.01% |
661,883
+499,004
| +306% | +$6.28M |
|
|
MDSO
1461
DELISTED
Medidata Solutions, Inc.
MDSO
| $7.45M | 0.01% |
101,720
+87,566
| +619% | +$6.32M |
|
|
HUYA
1462
Huya Inc
HUYA
$561M
| $7.45M | 0.01% |
264,817
+103,484
| +64% | +$2.31M |
|
1463
TSMC
TSM
$2.03T
| $7.44M | 0.01% |
181,695
-24,511
| -12% | -$935K |
|
1464
Grupo Cibest SA
CIB
$21.1B
| $7.44M | 0.01% |
145,694
+136,262
| +1,445% | +$6.35M |
|
1465
Qualys
QLYS
$4.78B
| $7.43M | 0.01% |
89,830
-23,931
| -21% | -$1.99M |
|
1466
Universal Electronics
UEIC
$58.1M
| $7.43M | 0.01% |
200,036
+80,695
| +68% | +$2.48M |
|
1467
First Bancorp
FBP
$4.47B
| $7.43M | 0.01% |
648,228
-1,350,299
| -68% | -$14.2M |
|
1468
1st Source
SRCE
$2.18B
| $7.43M | 0.01% |
165,390
+41,282
| +33% | +$1.88M |
|
|
SHOE
1469
Shoe Station Group
SHOE
$431M
| $7.42M | 0.01% |
435,800
+281,794
| +183% | +$5.12M |
|
1470
FMC
FMC
$1.37B
| $7.41M | 0.01% |
96,453
-902,597
| -90% | -$66.2M |
|
|
HTLF
1471
DELISTED
Heartland Financial USA, Inc.
HTLF
| $7.39M | 0.01% |
173,291
+160,797
| +1,287% | +$7.46M |
|
|
GBT
1472
DELISTED
Global Blood Therapeutics, Inc.
GBT
| $7.39M | 0.01% |
139,542
-127,799
| -48% | -$6.28M |
|
1473
The Ensign Group
ENSG
$10.7B
| $7.38M | 0.01% |
154,231
+13,256
| +9% | +$579K |
|
|
TRQ
1474
DELISTED
Turquoise Hill Resources Ltd
TRQ
| $7.38M | 0.01% |
444,807
-42,623
| -9% | -$721K |
|
|
CONN
1475
DELISTED
Conn's Inc.
CONN
| $7.37M | 0.01% |
322,498
+75,036
| +30% | +$1.62M |
|
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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.