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 | |
|---|---|---|---|---|---|---|
1676
Accuray
ARAY
$27.9M
| $4.29M | 0.01% |
1,257,268
+570,087
| +83% | +$2.31M |
|
1677
Live Oak Bancshares
LOB
$1.98B
| $4.28M | 0.01% |
+289,239
| New | +$5.58M |
|
|
APTI
1678
DELISTED
Apptio, Inc. Class A Common Stock
APTI
| $4.28M | 0.01% |
112,702
-465,274
| -81% | -$15.7M |
|
|
ELME
1679
Elme Communities
ELME
$144M
| $4.28M | 0.01% |
+185,896
| New | +$5.11M |
|
|
SPTN
1680
DELISTED
SpartanNash
SPTN
| $4.27M | 0.01% |
248,398
-20,764
| -8% | -$378K |
|
|
STNL
1681
DELISTED
Sentinel Energy Services Inc. Class A Common Stock
STNL
| $4.26M | 0.01% |
+424,710
| New | +$4.26M |
|
1682
Sonoco
SON
$5.84B
| $4.25M | 0.01% |
80,069
-24,766
| -24% | -$1.36M |
|
1683
Central Garden & Pet Co Class A
CENTA
$2.41B
| $4.24M | 0.01% |
169,514
-211,274
| -55% | -$5.06M |
|
1684
Terreno Realty
TRNO
$7.56B
| $4.23M | 0.01% |
120,158
-245,316
| -67% | -$9.16M |
|
1685
iShares MSCI South Korea ETF
EWY
$20.3B
| $4.22M | 0.01% |
71,700
-299,314
| -81% | -$18.1M |
|
1686
CALL
Opko Health
OPK
$1.1B
| $4.21M | 0.01% |
1,400,000
-650,000
| -32% | -$2.2M |
|
1687
Karyopharm Therapeutics
KPTI
$154M
| $4.19M | 0.01% |
29,840
-25,889
| -46% | -$4.37M |
|
1688
Verastem
VSTM
$518M
| $4.19M | 0.01% |
104,003
+99,803
| +2,376% | +$6.09M |
|
1689
CALL
Yum China
YUMC
$15.9B
| $4.19M | 0.01% |
125,000
| – | – |
|
|
ACRE
1690
Ares Commercial Real Estate
ACRE
$247M
| $4.19M | 0.01% |
321,269
+123,156
| +62% | +$1.72M |
|
|
LTC
1691
LTC Properties
LTC
$2.15B
| $4.19M | 0.01% |
100,461
+72,574
| +260% | +$3.18M |
|
1692
Liquidia Corp
LQDA
$7.61B
| $4.19M | 0.01% |
193,277
+92,399
| +92% | +$2.16M |
|
1693
Prestige Consumer Healthcare
PBH
$2.48B
| $4.17M | 0.01% |
135,193
+108,686
| +410% | +$3.97M |
|
1694
Tactile Systems Technology
TCMD
$620M
| $4.17M | 0.01% |
91,603
-31,986
| -26% | -$1.85M |
|
1695
SS&C Technologies
SSNC
$19.2B
| $4.17M | 0.01% |
+92,488
| New | +$4.49M |
|
|
SUM
1696
DELISTED
Summit Materials, Inc. Class A Common Stock
SUM
| $4.16M | 0.01% |
341,099
-756,652
| -69% | -$10.5M |
|
|
SCHW
1697
CALL
Charles Schwab
SCHW
$184B
| $4.15M | 0.01% |
+100,000
| New | +$4.52M |
|
1698
argenx
ARGX
$55.2B
| $4.15M | 0.01% |
43,213
-62,231
| -59% | -$5.53M |
|
1699
A10 Networks
ATEN
$2.11B
| $4.15M | 0.01% |
664,448
+396,884
| +148% | +$2.4M |
|
1700
Kearny Financial
KRNY
$607M
| $4.14M | 0.01% |
323,227
-150,942
| -32% | -$1.96M |
|
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.