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 | |
|---|---|---|---|---|---|---|
1551
Phibro Animal Health
PAHC
$1.48B
| $5.2M | 0.01% |
161,810
-16,139
| -9% | -$609K |
|
1552
Qorvo
QRVO
$8.09B
| $5.2M | 0.01% |
85,662
-225,615
| -72% | -$15.2M |
|
1553
The GEO Group
GEO
$4.11B
| $5.2M | 0.01% |
263,882
-481,729
| -65% | -$10.9M |
|
|
BMS
1554
DELISTED
Bemis
BMS
| $5.18M | 0.01% |
112,896
+52,157
| +86% | +$2.43M |
|
|
MINI
1555
DELISTED
Mobile Mini Inc
MINI
| $5.18M | 0.01% |
163,057
+120,702
| +285% | +$4.68M |
|
1556
Canadian National Railway
CNI
$78.3B
| $5.17M | 0.01% |
69,794
+5,929
| +9% | +$491K |
|
|
ENLC
1557
DELISTED
ENLINK MIDSTREAM, LLC
ENLC
| $5.17M | 0.01% |
544,931
-409,964
| -43% | -$5.28M |
|
1558
Chemed
CHE
$6.87B
| $5.16M | 0.01% |
18,196
-61,084
| -77% | -$18.4M |
|
1559
PUT
Home Depot
HD
$343B
| $5.16M | 0.01% |
+30,000
| New | +$5.38M |
|
1560
PUT
Trinity Industries
TRN
$3.03B
| $5.15M | 0.01% |
+250,000
| New | +$5.76M |
|
|
CRAY
1561
DELISTED
Cray, Inc.
CRAY
| $5.12M | 0.01% |
237,062
+186,876
| +372% | +$4.23M |
|
|
NGHC
1562
DELISTED
National General Holdings Corp
NGHC
| $5.12M | 0.01% |
211,300
+81,583
| +63% | +$2.08M |
|
1563
The Ensign Group
ENSG
$10.7B
| $5.12M | 0.01% |
140,975
+124,612
| +762% | +$4.85M |
|
|
DMTK
1564
DELISTED
DermTech, Inc. Common Stock
DMTK
| $5.11M | 0.01% |
+250,000
| New | +$5.08M |
|
|
DX
1565
Dynex Capital
DX
$3.19B
| $5.11M | 0.01% |
297,519
+197,564
| +198% | +$3.54M |
|
|
NVRO
1566
CALL
DELISTED
NEVRO CORP.
NVRO
| $5.09M | 0.01% |
130,900
-59,100
| -31% | -$2.63M |
|
|
TBRGU
1567
DELISTED
Thunder Bridge Acquisition, Ltd. Unit
TBRGU
| $5.09M | 0.01% |
500,000
| – | – |
|
|
BZUN
1568
Baozun
BZUN
$168M
| $5.08M | 0.01% |
173,915
-60,995
| -26% | -$2.25M |
|
1569
CACI
CACI
$11.3B
| $5.08M | 0.01% |
35,245
+10,417
| +42% | +$1.77M |
|
|
PBPB
1570
DELISTED
Potbelly
PBPB
| $5.07M | 0.01% |
629,545
+310,119
| +97% | +$3.33M |
|
1571
Independent Bank Corp
IBCP
$797M
| $5.06M | 0.01% |
240,933
-33,025
| -12% | -$743K |
|
1572
PUT
iShares JPMorgan USD Emerging Markets Bond ETF
EMB
$15B
| $5.06M | 0.01% |
+48,700
| New | +$5.09M |
|
|
EPZM
1573
DELISTED
Epizyme, Inc
EPZM
| $5.04M | 0.01% |
818,800
+687,047
| +521% | +$5.25M |
|
1574
Target Hospitality
TH
$1.47B
| $5.04M | 0.01% |
500,000
| – | – |
|
|
MFAC.U
1575
DELISTED
Megalith Financial Acquisition Corp. Units, each consisting of one share of Class A Common Stock, an
MFAC.U
| $5.04M | 0.01% |
500,000
| – | – |
|
Similar funds
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.