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 | |
|---|---|---|---|---|---|---|
151
Bankunited
BKU
$3.38B
| $98M | 0.15% |
3,274,586
-1,546,586
| -32% | -$50.4M |
|
152
Citizens Financial Group
CFG
$30.4B
| $98M | 0.15% |
3,294,737
+2,235,677
| +211% | +$78.4M |
|
153
Alliant Energy
LNT
$19.4B
| $97.4M | 0.15% |
2,305,319
+1,156,324
| +101% | +$50.8M |
|
154
Monster Beverage
MNST
$91.4B
| $97.4M | 0.15% |
3,957,374
+1,723,504
| +77% | +$46.8M |
|
155
Twilio
TWLO
$29.1B
| $96.7M | 0.15% |
1,083,357
+439,063
| +68% | +$35.7M |
|
|
TSS
156
DELISTED
Total System Services, Inc.
TSS
| $96.6M | 0.15% |
1,187,732
-1,017,744
| -46% | -$90.1M |
|
157
Dollar Tree
DLTR
$23.1B
| $96.4M | 0.15% |
1,067,492
-714,780
| -40% | -$60.4M |
|
|
CTXS
158
DELISTED
Citrix Systems Inc
CTXS
| $96.1M | 0.15% |
938,097
-160,997
| -15% | -$17M |
|
|
VXX
159
PUT
DELISTED
iPath S&P 500 VIX Short-Term Futures ETN due 1/30/2019
VXX
| $96.1M | 0.15% |
2,049,000
-150,000
| -7% | -$5.55M |
|
160
PG&E
PCG
$47.8B
| $94.5M | 0.15% |
3,980,267
+1,599,047
| +67% | +$57.2M |
|
161
Cognizant
CTSH
$21.5B
| $94.4M | 0.15% |
1,487,774
+1,285,327
| +635% | +$89.4M |
|
162
TripAdvisor
TRIP
$1.59B
| $94.2M | 0.15% |
1,745,973
+1,213,215
| +228% | +$67.2M |
|
|
USG
163
DELISTED
Usg
USG
| $92.9M | 0.14% |
2,177,696
+1,853,846
| +572% | +$79.3M |
|
164
Bio-Rad Laboratories Class A
BIO
$8.42B
| $92.5M | 0.14% |
398,328
+20,503
| +5% | +$5.5M |
|
165
KeyCorp
KEY
$24.3B
| $91M | 0.14% |
6,157,525
-4,898,994
| -44% | -$86.2M |
|
166
PayPal
PYPL
$49.5B
| $89.7M | 0.14% |
1,066,272
+1,037,543
| +3,611% | +$86.4M |
|
167
Quanta Services
PWR
$93.9B
| $89.6M | 0.14% |
2,977,495
+380,948
| +15% | +$12.3M |
|
168
CALL
iShares JPMorgan USD Emerging Markets Bond ETF
EMB
$14.9B
| $89M | 0.14% |
+856,800
| New | +$89.6M |
|
169
BHP
BHP
$213B
| $88.8M | 0.14% |
2,062,420
+1,654,507
| +406% | +$69.3M |
|
170
Keysight
KEYS
$54.5B
| $88.8M | 0.14% |
1,430,756
+374,288
| +35% | +$22.5M |
|
171
Electronic Arts
EA
$52.4B
| $88.7M | 0.14% |
1,124,471
+1,016,025
| +937% | +$93.2M |
|
|
WPX
172
DELISTED
WPX Energy, Inc.
WPX
| $88.7M | 0.14% |
7,813,325
-1,172,770
| -13% | -$17.8M |
|
173
Dentsply Sirona
XRAY
$2.59B
| $88.1M | 0.14% |
2,368,848
+2,228,018
| +1,582% | +$81.1M |
|
174
First Solar
FSLR
$21.8B
| $87.7M | 0.14% |
2,065,760
+1,734,171
| +523% | +$76.1M |
|
175
Consolidated Edison
ED
$41.6B
| $87.3M | 0.14% |
1,142,312
+1,092,555
| +2,196% | +$85.5M |
|
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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.