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 | |
|---|---|---|---|---|---|---|
1526
ProShares Ultra VIX Short-Term Futures ETF
UVXY
$237M
| $6.81M | 0.01% |
70
+54
| +338% | +$6.87M |
|
|
UCB
1527
United Community Banks
UCB
$4.27B
| $6.79M | 0.01% |
272,495
-764,817
| -74% | -$19.9M |
|
|
ALXN
1528
CALL
DELISTED
Alexion Pharmaceuticals
ALXN
| $6.79M | 0.01% |
50,200
-109,800
| -69% | -$13.7M |
|
|
LJPC
1529
DELISTED
La Jolla Pharmaceutical Company
LJPC
| $6.77M | 0.01% |
1,053,303
+563,030
| +115% | +$3.67M |
|
1530
Central Pacific Financial
CPF
$1.02B
| $6.75M | 0.01% |
234,060
-89,121
| -28% | -$2.5M |
|
|
STAY
1531
DELISTED
Extended Stay America, Inc. Paired Share Unit
STAY
| $6.75M | 0.01% |
376,048
+255,474
| +212% | +$4.44M |
|
1532
Walker & Dunlop
WD
$1.75B
| $6.74M | 0.01% |
132,478
+58,137
| +78% | +$2.95M |
|
1533
Enphase Energy
ENPH
$4.79B
| $6.72M | 0.01% |
727,621
+715,794
| +6,052% | +$5.44M |
|
|
QTNT
1534
DELISTED
Quotient Limited Ordinary Shares
QTNT
| $6.72M | 0.01% |
18,634
-1,526
| -8% | -$537K |
|
|
CDK
1535
DELISTED
CDK Global, Inc.
CDK
| $6.72M | 0.01% |
114,181
-40,735
| -26% | -$2.22M |
|
|
MINI
1536
DELISTED
Mobile Mini Inc
MINI
| $6.71M | 0.01% |
197,859
+34,802
| +21% | +$1.24M |
|
|
DOOR
1537
DELISTED
MASONITE INTERNATIONAL CORP
DOOR
| $6.71M | 0.01% |
134,582
-14,068
| -9% | -$748K |
|
1538
Champion Homes
SKY
$4.58B
| $6.7M | 0.01% |
352,761
+329,429
| +1,412% | +$6.04M |
|
1539
Open Text
OTEX
$6.02B
| $6.69M | 0.01% |
174,099
-166,635
| -49% | -$6.09M |
|
1540
FirstCash
FCFS
$8.97B
| $6.68M | 0.01% |
+77,285
| New | +$6.45M |
|
1541
KALA BIO
KALA
$12.3M
| $6.66M | 0.01% |
322
+258
| +403% | +$4.58M |
|
|
WUBA
1542
DELISTED
58.com Inc
WUBA
| $6.65M | 0.01% |
101,251
-374,600
| -79% | -$23.6M |
|
1543
CALL
Teleflex
TFX
$5.94B
| $6.65M | 0.01% |
22,000
-8,000
| -27% | -$2.23M |
|
|
PINC
1544
DELISTED
Premier
PINC
| $6.64M | 0.01% |
192,591
-93,026
| -33% | -$3.44M |
|
1545
Coherent
COHR
$47.6B
| $6.64M | 0.01% |
178,184
-86,142
| -33% | -$3.18M |
|
1546
PUT
Penumbra
PEN
$12.6B
| $6.62M | 0.01% |
+45,000
| New | +$6.43M |
|
1547
MSCI
MSCI
$42.1B
| $6.6M | 0.01% |
33,211
-240,831
| -88% | -$41.9M |
|
1548
Lamar Advertising Co
LAMR
$16.5B
| $6.57M | 0.01% |
82,842
-282,061
| -77% | -$21.3M |
|
1549
BWX Technologies
BWXT
$15.5B
| $6.54M | 0.01% |
131,943
+39,689
| +43% | +$1.88M |
|
1550
State Street Health Care Select Sector SPDR ETF
XLV
$43.2B
| $6.52M | 0.01% |
71,109
-63,679
| -47% | -$5.74M |
|
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.