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 | |
|---|---|---|---|---|---|---|
1651
Silgan Holdings
SLGN
$4.45B
| $5.62M | 0.01% |
189,543
+167,676
| +767% | +$4.62M |
|
1652
LCI Industries
LCII
$2.57B
| $5.6M | 0.01% |
72,857
-38,366
| -34% | -$3.03M |
|
1653
CALL
Keurig Dr Pepper
KDP
$42.3B
| $5.59M | 0.01% |
+200,000
| New | +$5.4M |
|
1654
Agilysys
AGYS
$3.18B
| $5.58M | 0.01% |
263,350
+194,974
| +285% | +$3.6M |
|
1655
Lindblad Expeditions
LIND
$1.93B
| $5.57M | 0.01% |
+365,250
| New | +$4.97M |
|
1656
Vanguard FTSE Europe ETF
VGK
$30.1B
| $5.57M | 0.01% |
103,850
+92,396
| +807% | +$4.83M |
|
1657
Gentherm
THRM
$1.3B
| $5.56M | 0.01% |
150,720
-121,004
| -45% | -$4.93M |
|
1658
Goodyear
GT
$2.1B
| $5.55M | 0.01% |
305,904
-1,885,051
| -86% | -$36.7M |
|
1659
iShares MSCI EAFE ETF
EFA
$76.4B
| $5.55M | 0.01% |
85,520
+76,679
| +867% | +$4.83M |
|
1660
PUT
American Airlines Group
AAL
$9.94B
| $5.54M | 0.01% |
174,400
+58,500
| +50% | +$1.97M |
|
|
LCI
1661
DELISTED
Lannett Company, Inc.
LCI
| $5.53M | 0.01% |
175,787
+150,333
| +591% | +$4.83M |
|
|
TPH
1662
DELISTED
Tri Pointe Homes
TPH
| $5.53M | 0.01% |
437,181
+175,725
| +67% | +$2.24M |
|
|
AMAG
1663
DELISTED
AMAG Pharmaceuticals
AMAG
| $5.52M | 0.01% |
428,865
+36,835
| +9% | +$549K |
|
1664
PUT
ScottsMiracle-Gro
SMG
$4.03B
| $5.5M | 0.01% |
+70,000
| New | +$5.28M |
|
|
NCOM
1665
DELISTED
National Commerce Corporation
NCOM
| $5.49M | 0.01% |
+140,049
| New | +$5.71M |
|
1666
iShares MSCI Japan ETF
EWJ
$21.2B
| $5.49M | 0.01% |
100,336
-157,717
| -61% | -$8.49M |
|
|
POLY
1667
DELISTED
Plantronics, Inc.
POLY
| $5.46M | 0.01% |
118,482
-162,242
| -58% | -$7.08M |
|
1668
The GEO Group
GEO
$4.06B
| $5.45M | 0.01% |
283,780
+19,898
| +8% | +$427K |
|
|
BRKL
1669
DELISTED
Brookline Bancorp
BRKL
| $5.44M | 0.01% |
377,761
+332,245
| +730% | +$4.98M |
|
|
HMHC
1670
DELISTED
Houghton Mifflin Harcourt Company
HMHC
| $5.43M | 0.01% |
747,125
+51,726
| +7% | +$465K |
|
1671
PACCAR
PCAR
$71.3B
| $5.43M | 0.01% |
119,541
-386,292
| -76% | -$16.8M |
|
1672
PUT
DaVita
DVA
$15.5B
| $5.43M | 0.01% |
+100,000
| New | +$5.53M |
|
1673
LeMaitre Vascular
LMAT
$2.36B
| $5.43M | 0.01% |
+175,049
| New | +$4.67M |
|
|
UROV
1674
DELISTED
Urovant Sciences Ltd.
UROV
| $5.43M | 0.01% |
539,889
+136,239
| +34% | +$1.4M |
|
|
AAT
1675
American Assets Trust
AAT
$1.44B
| $5.42M | 0.01% |
118,221
+70,284
| +147% | +$3.04M |
|
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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.