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 |
Fortive
FTV
|
+$1.39B |
| 2 |
ANDV
Andeavor
ANDV
|
+$1B |
| 3 |
Citigroup
C
|
+$332M |
| 4 |
Apple
AAPL
|
+$307M |
| 5 |
Oracle
ORCL
|
+$228M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
AABA
Altaba Inc
AABA
|
+$579M |
| 2 |
Electronic Arts
EA
|
+$233M |
| 3 |
Keurig Dr Pepper
KDP
|
+$215M |
| 4 |
APC
Anadarko Petroleum
APC
|
+$206M |
| 5 |
XL
XL Group Ltd.
XL
|
+$190M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 13.4% |
| 2 | Financials | 12.54% |
| 3 | Healthcare | 11.73% |
| 4 | Consumer Discretionary | 9.48% |
| 5 | Industrials | 9.28% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
151
Voya Financial
VOYA
$8.94B
| $118M | 0.14% |
2,375,687
-1,859,000
| -44% | -$91.9M |
|
152
Walt Disney
DIS
$165B
| $118M | 0.14% |
1,005,445
+668,079
| +198% | +$74.4M |
|
153
RTX Corp
RTX
$287B
| $117M | 0.14% |
1,332,122
+1,240,488
| +1,354% | +$104M |
|
154
DXC Technology
DXC
$1.63B
| $116M | 0.14% |
1,243,200
-877,934
| -41% | -$77.7M |
|
155
NVIDIA
NVDA
$5.01T
| $115M | 0.14% |
16,408,560
-4,152,960
| -20% | -$27M |
|
|
HES
156
DELISTED
Hess
HES
| $115M | 0.14% |
1,609,834
-343,798
| -18% | -$22.7M |
|
157
D.R. Horton
DHI
$41B
| $115M | 0.14% |
+2,722,249
| New | +$118M |
|
158
Progressive
PGR
$124B
| $114M | 0.14% |
1,608,560
-909,748
| -36% | -$58.5M |
|
159
Gaming and Leisure Properties
GLPI
$12.8B
| $114M | 0.14% |
3,233,169
+148,434
| +5% | +$5.26M |
|
160
PUT
Microsoft
MSFT
$2.84T
| $114M | 0.14% |
993,900
+363,500
| +58% | +$39.4M |
|
161
W.W. Grainger
GWW
$65.3B
| $113M | 0.14% |
317,170
+186,632
| +143% | +$64.2M |
|
162
Icon
ICLR
$12.8B
| $113M | 0.14% |
736,732
+402,785
| +121% | +$57.7M |
|
|
AIMC
163
DELISTED
Altra Industrial Motion Corp
AIMC
| $113M | 0.14% |
2,736,002
+2,465,205
| +910% | +$103M |
|
164
Waste Management
WM
$95.9B
| $112M | 0.14% |
1,236,759
+772,172
| +166% | +$68.5M |
|
165
BP
BP
$113B
| $111M | 0.14% |
2,524,545
-596,810
| -19% | -$25M |
|
166
Prologis
PLD
$138B
| $110M | 0.13% |
1,621,910
-747,207
| -32% | -$49.1M |
|
167
Caterpillar
CAT
$409B
| $110M | 0.13% |
720,807
+137,354
| +24% | +$19.4M |
|
168
Yelp
YELP
$1.38B
| $110M | 0.13% |
2,227,561
+1,730,225
| +348% | +$75.6M |
|
169
PG&E
PCG
$47.8B
| $110M | 0.13% |
2,381,220
+1,494,725
| +169% | +$66.6M |
|
170
GoDaddy
GDDY
$12.3B
| $109M | 0.13% |
1,309,639
+818,009
| +166% | +$63.9M |
|
171
CALL
Range Resources
RRC
$9.11B
| $109M | 0.13% |
6,400,700
+5,219,000
| +442% | +$83.8M |
|
172
Molina Healthcare
MOH
$10.3B
| $109M | 0.13% |
730,677
+240,134
| +49% | +$30.7M |
|
173
Intercontinental Exchange
ICE
$82.4B
| $109M | 0.13% |
1,450,433
-605,180
| -29% | -$45.5M |
|
174
DaVita
DVA
$15.1B
| $108M | 0.13% |
1,514,617
+57,652
| +4% | +$4.08M |
|
175
AvalonBay Communities
AVB
$27.1B
| $108M | 0.13% |
597,827
+349,651
| +141% | +$62.4M |
|
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Millennium Management's Q3 2018 Portfolio in Review
As of Q3 2018, Millennium Management held 4,590 positions worth $81.6B, up 6.4% from $76.7B the previous quarter. Its ten largest holdings account for 10% of the portfolio.
Millennium Management's Q3 2018 filing shows 841 new, 1,291 increased, 1,638 reduced and 748 closed positions. Its largest new stake was Fortive: 27,116,929 shares worth $1.44B. The largest sale was Altaba Inc, an estimated $579M.
By sector, the portfolio is most concentrated in Technology at 13% of assets, up from 12% a quarter earlier, followed by Financials and Healthcare.
- Millennium Management's largest Q3 2018 buy was Fortive: 27,116,929 shares worth $1.44B.
- Millennium Management added most to Andeavor in Q3 2018, an estimated $1B increase.
- Millennium Management's biggest Q3 2018 reduction was Altaba Inc, cutting an estimated $579M.
- Millennium Management fully exited XL Group Ltd. in Q3 2018, selling an estimated $190M.
- Millennium Management's ten largest holdings make up 10% of its $81.6B portfolio in Q3 2018.
- Millennium Management opened 841 new positions and closed 748 in Q3 2018.
- Millennium Management's portfolio value rose 6.4% quarter-over-quarter to $81.6B.
Based on Millennium Management's 13F filing for Q3 2018, filed 14 Nov 2018.