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 | |
|---|---|---|---|---|---|---|
|
RWGE
1626
DELISTED
Regalwood Global Energy Ltd. Class A Ordinary Shares
RWGE
| $5.87M | 0.01% |
581,500
| – | – |
|
|
SPN
1627
DELISTED
Superior Energy Services, Inc.
SPN
| $5.86M | 0.01% |
125,493
-12,329
| -9% | -$530K |
|
1628
ArcBest
ARCB
$3.12B
| $5.86M | 0.01% |
190,226
+97,026
| +104% | +$3.5M |
|
|
BITA
1629
DELISTED
Bitauto Holdings Limited
BITA
| $5.85M | 0.01% |
+367,627
| New | +$6.76M |
|
|
FLOW
1630
DELISTED
SPX FLOW, Inc.
FLOW
| $5.83M | 0.01% |
182,768
+127,128
| +228% | +$4.18M |
|
1631
CALL
Puma Biotechnology
PBYI
$397M
| $5.82M | 0.01% |
+150,000
| New | +$4.58M |
|
1632
NovoCure
NVCR
$1.78B
| $5.81M | 0.01% |
+120,627
| New | +$5.81M |
|
1633
Bank OZK
OZK
$5.62B
| $5.8M | 0.01% |
200,168
-442,351
| -69% | -$13.4M |
|
1634
WEC Energy
WEC
$36.5B
| $5.79M | 0.01% |
+73,278
| New | +$5.44M |
|
1635
DXP Enterprises
DXPE
$2.28B
| $5.79M | 0.01% |
148,742
+16,659
| +13% | +$580K |
|
1636
Boot Barn
BOOT
$4.6B
| $5.75M | 0.01% |
195,481
-659,164
| -77% | -$16.6M |
|
1637
Plains GP Holdings
PAGP
$5.25B
| $5.75M | 0.01% |
230,941
-634,589
| -73% | -$15M |
|
1638
Arbor Realty Trust
ABR
$970M
| $5.74M | 0.01% |
442,236
+264,741
| +149% | +$3.21M |
|
1639
BlackLine
BL
$1.93B
| $5.73M | 0.01% |
123,714
+41,049
| +50% | +$1.93M |
|
|
TERP
1640
DELISTED
TerraForm Power, Inc
TERP
| $5.72M | 0.01% |
+416,619
| New | +$5.12M |
|
1641
CALL
Boeing
BA
$167B
| $5.72M | 0.01% |
+15,000
| New | +$5.77M |
|
|
BBT
1642
Beacon Financial Corp
BBT
$2.51B
| $5.72M | 0.01% |
209,872
+176,163
| +523% | +$5.1M |
|
1643
CALL
Insulet
PODD
$11.7B
| $5.71M | 0.01% |
60,000
+50,000
| +500% | +$4.29M |
|
1644
Independent Bank Corp
IBCP
$802M
| $5.7M | 0.01% |
265,152
+24,219
| +10% | +$544K |
|
1645
Criteo
CRTO
$1.11B
| $5.7M | 0.01% |
284,497
+131,747
| +86% | +$3.36M |
|
|
VCRA
1646
CALL
DELISTED
VOCERA COMMUNICATIONS, INC.
VCRA
| $5.69M | 0.01% |
180,000
+150,000
| +500% | +$5.32M |
|
1647
PUT
Baxter International
BAX
$12.6B
| $5.69M | 0.01% |
70,000
+40,000
| +133% | +$2.91M |
|
1648
RH
RH
$3.31B
| $5.69M | 0.01% |
55,252
+14,430
| +35% | +$1.96M |
|
1649
Chemours
CC
$2.47B
| $5.68M | 0.01% |
152,782
-240,706
| -61% | -$8.76M |
|
1650
First Financial Bankshares
FFIN
$5.07B
| $5.67M | 0.01% |
+196,316
| New | +$6M |
|
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.