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 | |
|---|---|---|---|---|---|---|
1701
Domino's
DPZ
$12B
| $4.14M | 0.01% |
16,703
+6,699
| +67% | +$1.76M |
|
1702
NCR Voyix
VYX
$1.18B
| $4.13M | 0.01% |
291,943
+83,903
| +40% | +$1.32M |
|
1703
PUT
Freeport-McMoran
FCX
$83.9B
| $4.12M | 0.01% |
+400,000
| New | +$4.67M |
|
1704
G-III Apparel Group
GIII
$1.52B
| $4.11M | 0.01% |
147,490
-287,593
| -66% | -$10.6M |
|
|
ATRS
1705
DELISTED
Antares Pharma, Inc.
ATRS
| $4.1M | 0.01% |
1,507,964
+816,798
| +118% | +$2.69M |
|
1706
PUT
Texas Instruments
TXN
$247B
| $4.1M | 0.01% |
43,400
-111,700
| -72% | -$10.8M |
|
1707
CareDx
CDNA
$1.84B
| $4.1M | 0.01% |
163,023
+58,280
| +56% | +$1.5M |
|
|
ADMS
1708
DELISTED
Adamas Pharmaceuticals
ADMS
| $4.1M | 0.01% |
479,899
+229,404
| +92% | +$2.98M |
|
|
TVRD
1709
Tvardi Therapeutics
TVRD
$22.5M
| $4.09M | 0.01% |
8,732
-206
| -2% | -$133K |
|
1710
Southside Bancshares
SBSI
$968M
| $4.08M | 0.01% |
128,627
-239,046
| -65% | -$7.78M |
|
1711
Diageo
DEO
$49.7B
| $4.08M | 0.01% |
28,796
-42,401
| -60% | -$5.96M |
|
1712
CALL
Delta Air Lines
DAL
$57.1B
| $4.08M | 0.01% |
81,700
-98,200
| -55% | -$5.35M |
|
|
JHG
1713
DELISTED
Janus Henderson
JHG
| $4.07M | 0.01% |
196,597
-142,807
| -42% | -$3.28M |
|
1714
Resources Connection
RGP
$138M
| $4.07M | 0.01% |
286,610
+25,147
| +10% | +$407K |
|
1715
Intrepid Potash
IPI
$472M
| $4.06M | 0.01% |
156,295
+8,962
| +6% | +$308K |
|
1716
CALL
uniQure
QURE
$2.74B
| $4.04M | 0.01% |
140,100
+24,500
| +21% | +$682K |
|
|
TKKSU
1717
DELISTED
TKK Symphony Acquisition Corporation Unit
TKKSU
| $4.04M | 0.01% |
400,000
| – | – |
|
1718
Emerson Electric
EMR
$81.4B
| $4.03M | 0.01% |
67,396
+40,090
| +147% | +$2.7M |
|
1719
Catheter Precision
VTAK
$1.01M
| $4.01M | 0.01% |
+2
| New | +$4.71M |
|
1720
SPX Corp
SPXC
$9.5B
| $4M | 0.01% |
142,816
-36,218
| -20% | -$1.06M |
|
|
CFFAU
1721
DELISTED
CF Finance Acquisition Corp. Unit
CFFAU
| $4M | 0.01% |
+400,000
| New | +$4M |
|
1722
Harmony Gold Mining
HMY
$9.55B
| $3.98M | 0.01% |
+2,226,413
| New | +$3.91M |
|
1723
iShares US Aerospace & Defense ETF
ITA
$14B
| $3.98M | 0.01% |
+46,082
| New | +$4.44M |
|
1724
Standex International
SXI
$3.38B
| $3.98M | 0.01% |
59,225
+12,010
| +25% | +$1.01M |
|
1725
Loews
L
$24.6B
| $3.98M | 0.01% |
87,317
-337,587
| -79% | -$15.9M |
|
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.