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 | |
|---|---|---|---|---|---|---|
|
NTRI
1476
DELISTED
NutriSystem, Inc.
NTRI
| $5.82M | 0.01% |
132,666
-86,681
| -40% | -$3.27M |
|
|
EMBJ
1477
Embraer S.A. ADS
EMBJ
$12.3B
| $5.81M | 0.01% |
262,691
-155,647
| -37% | -$3.31M |
|
1478
Kforce
KFRC
$1.04B
| $5.81M | 0.01% |
187,841
-11,952
| -6% | -$385K |
|
|
ILPT
1479
Industrial Logistics Properties Trust
ILPT
$603M
| $5.8M | 0.01% |
+295,104
| New | +$6.3M |
|
1480
Nutanix
NTNX
$16B
| $5.8M | 0.01% |
139,572
-1,120,163
| -89% | -$46.3M |
|
|
ESIO
1481
DELISTED
Electro Scientific Industries
ESIO
| $5.8M | 0.01% |
193,721
-26,470
| -12% | -$657K |
|
|
MOMO
1482
Hello Group
MOMO
$869M
| $5.8M | 0.01% |
244,062
-626,409
| -72% | -$19.7M |
|
|
TYPE
1483
DELISTED
Monotype Imaging Holdings Inc.
TYPE
| $5.76M | 0.01% |
371,326
-29,602
| -7% | -$527K |
|
1484
CALL
Align Technology
ALGN
$12.6B
| $5.76M | 0.01% |
+27,500
| New | +$6.95M |
|
1485
Telefônica Brasil
VIV
$21B
| $5.76M | 0.01% |
482,450
-207,004
| -30% | -$2.35M |
|
1486
PUT
Ball Corp
BALL
$17.8B
| $5.75M | 0.01% |
+125,000
| New | +$5.84M |
|
|
RWGE
1487
DELISTED
Regalwood Global Energy Ltd. Class A Ordinary Shares
RWGE
| $5.71M | 0.01% |
581,500
| – | – |
|
|
CHX
1488
DELISTED
ChampionX
CHX
| $5.7M | 0.01% |
+210,527
| New | +$7.74M |
|
1489
Kadant
KAI
$3.72B
| $5.7M | 0.01% |
69,942
+64,614
| +1,213% | +$6.05M |
|
|
TRVG
1490
trivago
TRVG
$387M
| $5.7M | 0.01% |
202,316
-14,775
| -7% | -$440K |
|
1491
PetMed Express
PETS
$43M
| $5.69M | 0.01% |
244,718
-78,450
| -24% | -$2.09M |
|
1492
Trimble
TRMB
$13.6B
| $5.68M | 0.01% |
172,706
-167,099
| -49% | -$6.15M |
|
1493
Innoviva
INVA
$1.61B
| $5.67M | 0.01% |
324,698
+234,439
| +260% | +$3.81M |
|
1494
PUT
IPG Photonics
IPGP
$3.57B
| $5.67M | 0.01% |
+50,000
| New | +$6.65M |
|
|
GMS
1495
DELISTED
GMS Inc
GMS
| $5.66M | 0.01% |
380,952
-336,836
| -47% | -$5.91M |
|
1496
CALL
United Rentals
URI
$67.9B
| $5.64M | 0.01% |
+55,000
| New | +$6.62M |
|
|
DVAX
1497
DELISTED
Dynavax Technologies
DVAX
| $5.63M | 0.01% |
614,930
+514,736
| +514% | +$5.7M |
|
1498
KraneShares CSI China Internet ETF
KWEB
$5.41B
| $5.63M | 0.01% |
150,000
+12,000
| +9% | +$508K |
|
1499
PUT
iShares US Real Estate ETF
IYR
$4.76B
| $5.62M | 0.01% |
+75,000
| New | +$5.89M |
|
1500
Assured Guaranty
AGO
$3.79B
| $5.61M | 0.01% |
146,615
+63,307
| +76% | +$2.53M |
|
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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.