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 | |
|---|---|---|---|---|---|---|
|
NITE
1551
DELISTED
Nightstar Therapeutics plc American Depositary Shares
NITE
| $6.51M | 0.01% |
256,563
+220,563
| +613% | +$3.9M |
|
|
CCI.PRA
1552
DELISTED
Crown Castle International Corp. 6.875% Mandatory Convertible Preferred Stock, Series A
CCI.PRA
| $6.51M | 0.01% |
5,491
-3,083
| -36% | -$3.42M |
|
|
NAVG
1553
DELISTED
Navigators Group Inc
NAVG
| $6.49M | 0.01% |
92,893
+14,468
| +18% | +$1.01M |
|
1554
PUT
TG Therapeutics
TGTX
$8.4B
| $6.49M | 0.01% |
+807,100
| New | +$4.36M |
|
|
FFWM
1555
DELISTED
First Foundation Inc
FFWM
| $6.48M | 0.01% |
477,573
+142,743
| +43% | +$2.06M |
|
1556
Trupanion
TRUP
$1.11B
| $6.47M | 0.01% |
197,718
-86,314
| -30% | -$2.46M |
|
1557
iShares MSCI South Africa ETF
EZA
$533M
| $6.46M | 0.01% |
123,461
+86,040
| +230% | +$4.62M |
|
|
NXRT
1558
NexPoint Residential Trust
NXRT
$686M
| $6.46M | 0.01% |
168,424
+35,151
| +26% | +$1.29M |
|
1559
Trinity Industries
TRN
$3.03B
| $6.46M | 0.01% |
297,104
-30,534
| -9% | -$698K |
|
1560
PennyMac Financial
PFSI
$4.45B
| $6.45M | 0.01% |
+290,200
| New | +$6.36M |
|
1561
Unilever
UL
$144B
| $6.45M | 0.01% |
99,362
+41,756
| +72% | +$2.54M |
|
1562
PUT
WisdomTree India Earnings Fund ETF
EPI
$2.05B
| $6.45M | 0.01% |
+245,000
| New | +$6.01M |
|
|
XENT
1563
CALL
DELISTED
Intersect ENT, Inc
XENT
| $6.43M | 0.01% |
200,000
+115,000
| +135% | +$3.56M |
|
1564
Carlyle Secured Lending
CGBD
$719M
| $6.42M | 0.01% |
443,246
+184,407
| +71% | +$2.71M |
|
|
OSIR
1565
DELISTED
Osiris Therapeutics, Inc. Common Stock
OSIR
| $6.42M | 0.01% |
337,701
+304,385
| +914% | +$4.94M |
|
1566
CALL
eBay
EBAY
$52.1B
| $6.41M | 0.01% |
172,500
+162,500
| +1,625% | +$5.64M |
|
1567
CALL
Avanos Medical
AVNS
| $6.4M | 0.01% |
150,000
+50,000
| +50% | +$2.24M |
|
|
QEP
1568
CALL
DELISTED
QEP RESOURCES, INC.
QEP
| $6.4M | 0.01% |
+821,700
| New | +$6.56M |
|
1569
EPAM Systems
EPAM
$5.25B
| $6.39M | 0.01% |
37,791
-106,373
| -74% | -$15.9M |
|
1570
Atara Biotherapeutics
ATRA
$70.4M
| $6.38M | 0.01% |
6,420
+5,919
| +1,181% | +$5.5M |
|
|
ESV
1571
DELISTED
Ensco Rowan plc
ESV
| $6.36M | 0.01% |
404,338
-472,238
| -54% | -$8.23M |
|
1572
Oaktree Specialty Lending
OCSL
$1.06B
| $6.34M | 0.01% |
408,051
-5,649
| -1% | -$84.2K |
|
1573
Rambus
RMBS
$9.49B
| $6.34M | 0.01% |
606,509
+206,056
| +51% | +$1.98M |
|
|
AKRX
1574
DELISTED
Akorn Inc
AKRX
| $6.34M | 0.01% |
1,800,667
-267,457
| -13% | -$1.03M |
|
1575
Accuray
ARAY
$29M
| $6.32M | 0.01% |
1,325,836
+68,568
| +5% | +$312K |
|
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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.