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 | |
|---|---|---|---|---|---|---|
1501
Heritage Financial
HFWA
$1.22B
| $7.11M | 0.01% |
235,869
+22,588
| +11% | +$707K |
|
1502
Houlihan Lokey
HLI
$10.2B
| $7.1M | 0.01% |
154,944
-83,229
| -35% | -$3.67M |
|
1503
PUT
Zscaler
ZS
$24.5B
| $7.09M | 0.01% |
+100,000
| New | +$5.31M |
|
1504
Primoris Services
PRIM
$4.28B
| $7.09M | 0.01% |
342,846
+173,266
| +102% | +$3.65M |
|
1505
Element Solutions
ESI
$8.89B
| $7.08M | 0.01% |
+700,668
| New | +$7.76M |
|
|
INN
1506
Summit Hotel Properties
INN
$743M
| $7.07M | 0.01% |
619,652
-111,559
| -15% | -$1.23M |
|
|
ILPT
1507
Industrial Logistics Properties Trust
ILPT
$603M
| $7.06M | 0.01% |
350,197
+55,093
| +19% | +$1.13M |
|
|
LM
1508
DELISTED
Legg Mason, Inc.
LM
| $7.02M | 0.01% |
256,646
+39,544
| +18% | +$1.13M |
|
|
ACAMU
1509
DELISTED
Acamar Partners Acquisition Corp Units
ACAMU
| $7M | 0.01% |
+700,000
| New | +$6.99M |
|
|
MOSC.U
1510
DELISTED
Mosaic Acquisition Corp. Units, each consisting of one share of Class A Common Stock and one-third o
MOSC.U
| $7M | 0.01% |
677,780
| – | – |
|
1511
Vericel Corp
VCEL
$2.39B
| $6.99M | 0.01% |
399,091
+237,532
| +147% | +$4.34M |
|
1512
WSFS Financial
WSFS
$4.2B
| $6.99M | 0.01% |
181,017
+38,672
| +27% | +$1.61M |
|
1513
Funko
FNKO
$355M
| $6.99M | 0.01% |
321,626
+294,340
| +1,079% | +$5.41M |
|
1514
1-800-Flowers.com
FLWS
$254M
| $6.98M | 0.01% |
383,104
+256,355
| +202% | +$4.13M |
|
1515
PUT
Myriad Genetics
MYGN
$502M
| $6.97M | 0.01% |
+210,000
| New | +$6.39M |
|
|
PGRE
1516
DELISTED
Paramount Group
PGRE
| $6.96M | 0.01% |
490,247
-790,470
| -62% | -$11.1M |
|
|
UNIT
1517
Uniti Group
UNIT
$2.53B
| $6.96M | 0.01% |
+621,737
| New | +$9.1M |
|
|
COUP
1518
DELISTED
Coupa Software Incorporated
COUP
| $6.94M | 0.01% |
76,324
+49,671
| +186% | +$4.26M |
|
1519
Gray Television
GTN
$430M
| $6.93M | 0.01% |
324,331
-942,749
| -74% | -$17.6M |
|
|
CHU
1520
DELISTED
China Unicom (HONG KONG) Limited
CHU
| $6.93M | 0.01% |
541,151
+186,268
| +52% | +$2.21M |
|
|
FOCS
1521
DELISTED
Focus Financial Partners Inc. Class A
FOCS
| $6.9M | 0.01% |
193,503
-291,471
| -60% | -$9.19M |
|
1522
HEICO Corp
HEI
$50.8B
| $6.88M | 0.01% |
72,550
-34,175
| -32% | -$2.98M |
|
1523
Employers Holdings
EIG
$912M
| $6.87M | 0.01% |
171,348
-40,723
| -19% | -$1.72M |
|
1524
Anika Therapeutics
ANIK
$202M
| $6.85M | 0.01% |
226,557
+36,009
| +19% | +$1.23M |
|
1525
First Commonwealth Financial
FCF
$2.17B
| $6.83M | 0.01% |
542,199
+360,897
| +199% | +$4.82M |
|
Similar funds
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.