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 |
Boston Scientific
BSX
|
+$240M |
| 2 |
eBay
EBAY
|
+$231M |
| 3 |
PXD
Pioneer Natural Resource Co.
PXD
|
+$216M |
| 4 |
Ameren
AEE
|
+$196M |
| 5 |
Kohl's
KSS
|
+$182M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$552M |
| 2 |
Micron Technology
MU
|
+$425M |
| 3 |
Visa
V
|
+$225M |
| 4 |
Marathon Petroleum
MPC
|
+$225M |
| 5 |
ESRX
Express Scripts Holding Company
ESRX
|
+$218M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 13.6% |
| 2 | Healthcare | 12.02% |
| 3 | Technology | 11.62% |
| 4 | Industrials | 11.19% |
| 5 | Consumer Discretionary | 10.9% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1476
Penumbra
PEN
$12.7B
| $8.09M | 0.01% |
69,909
+47,689
| +215% | +$4.92M |
|
|
MIME
1477
DELISTED
Mimecast Limited
MIME
| $8.08M | 0.01% |
+228,116
| New | +$7.75M |
|
|
CBPX
1478
DELISTED
CONTINENTAL BUILDING PRODUCTS, INC.
CBPX
| $8.07M | 0.01% |
282,713
-10,535
| -4% | -$295K |
|
1479
Dolby
DLB
$5.51B
| $8.05M | 0.01% |
126,633
-302,074
| -70% | -$19.4M |
|
|
AHT
1480
Ashford Hospitality Trust
AHT
$20.9M
| $8.03M | 0.01% |
1,258
+78
| +7% | +$488K |
|
1481
Barrett Business Services
BBSI
$959M
| $8.02M | 0.01% |
387,216
-42,484
| -10% | -$773K |
|
1482
Radware
RDWR
$1.1B
| $8.02M | 0.01% |
375,509
+21,202
| +6% | +$439K |
|
1483
Vanguard Extended Market ETF
VXF
$30.3B
| $8.01M | 0.01% |
71,840
-7,760
| -10% | -$881K |
|
1484
PUT
Invesco QQQ Trust
QQQ
$453B
| $8.01M | 0.01% |
+50,000
| New | +$8.26M |
|
1485
OraSure Technologies
OSUR
$279M
| $7.99M | 0.01% |
473,046
-1,151,170
| -71% | -$21.8M |
|
1486
Fair Isaac
FICO
$24.3B
| $7.99M | 0.01% |
47,166
-125,395
| -73% | -$20.9M |
|
|
AUO
1487
DELISTED
AU Optronics Corp
AUO
| $7.98M | 0.01% |
1,745,192
-1,399,849
| -45% | -$6.42M |
|
|
QUOT
1488
DELISTED
Quotient Technology Inc
QUOT
| $7.96M | 0.01% |
607,242
-1,543,845
| -72% | -$19.5M |
|
1489
White Mountains Insurance
WTM
$5.2B
| $7.95M | 0.01% |
9,666
-13,815
| -59% | -$11.4M |
|
1490
Primerica
PRI
$9.98B
| $7.95M | 0.01% |
82,283
+1,825
| +2% | +$183K |
|
|
KMG
1491
DELISTED
KMG Chemicals Inc
KMG
| $7.95M | 0.01% |
+132,577
| New | +$8.27M |
|
|
KEM
1492
DELISTED
KEMET Corporation
KEM
| $7.94M | 0.01% |
438,119
-117,779
| -21% | -$2.16M |
|
|
GOL
1493
DELISTED
Gol Linhas Aéreas Inteligentes S.A. American Depositary Shares (Each representing Ten Preferred Shares)
GOL
| $7.94M | 0.01% |
610,939
+354,588
| +138% | +$3.95M |
|
1494
Pampa Energía
PAM
$4.75B
| $7.93M | 0.01% |
133,064
+4,795
| +4% | +$313K |
|
1495
Semtech
SMTC
$11B
| $7.92M | 0.01% |
202,925
+29,876
| +17% | +$1.08M |
|
1496
United Bankshares
UBSI
$6.63B
| $7.92M | 0.01% |
+224,654
| New | +$8.13M |
|
1497
UroGen Pharma
URGN
$1.86B
| $7.91M | 0.01% |
159,113
+147,628
| +1,285% | +$7.4M |
|
1498
Bausch Health
BHC
$2.58B
| $7.9M | 0.01% |
496,313
+71,900
| +17% | +$1.34M |
|
1499
Telecom Argentina
TEO
$6.03B
| $7.9M | 0.01% |
+252,018
| New | +$8.86M |
|
1500
PUT
Euronet Worldwide
EEFT
$2.72B
| $7.89M | 0.01% |
+100,000
| New | +$8.8M |
|
Similar funds
Millennium Management's Q1 2018 Portfolio in Review
As of Q1 2018, Millennium Management held 4,417 positions worth $74.9B, up 3.4% from $72.5B the previous quarter. Its ten largest holdings account for 6.3% of the portfolio.
Millennium Management deployed $3.3B of net new capital in Q1 2018, opening 664 new positions and adding to 1,467 existing holdings. Its largest new stake was Tiffany & Co.: 1,078,847 shares worth $105M.
By sector, the portfolio is most concentrated in Financials at 14% of assets, down from 14% a quarter earlier, followed by Healthcare and Technology.
On the sell side, the largest reduction was State Street SPDR S&P 500 ETF Trust, an estimated $552M trimmed.
- Millennium Management's largest Q1 2018 buy was Tiffany & Co.: 1,078,847 shares worth $105M.
- Millennium Management added most to Boston Scientific in Q1 2018, an estimated $240M increase.
- Millennium Management's biggest Q1 2018 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $552M.
- Millennium Management fully exited Equinix in Q1 2018, selling an estimated $152M.
- Millennium Management's ten largest holdings make up 6.3% of its $74.9B portfolio in Q1 2018.
- Millennium Management opened 664 new positions and closed 833 in Q1 2018.
- Millennium Management's portfolio value rose 3.4% quarter-over-quarter to $74.9B.
Based on Millennium Management's 13F filing for Q1 2018, filed 15 May 2018.