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 | |
|---|---|---|---|---|---|---|
1751
Advanced Drainage Systems
WMS
$10.6B
| $3.83M | 0.01% |
157,802
+7,540
| +5% | +$203K |
|
1752
Service Corp International
SCI
$11.7B
| $3.82M | 0.01% |
94,982
+64,421
| +211% | +$2.8M |
|
|
TVPT
1753
DELISTED
Travelport Worldwide Limited
TVPT
| $3.81M | 0.01% |
244,188
-400,893
| -62% | -$6.11M |
|
1754
WesBanco
WSBC
$4.03B
| $3.81M | 0.01% |
103,814
+26,086
| +34% | +$1.06M |
|
1755
Dillards
DDS
$9.18B
| $3.81M | 0.01% |
63,140
-245,831
| -80% | -$16.9M |
|
1756
MasterCraft Boat Holdings
MCFT
$601M
| $3.8M | 0.01% |
203,263
-142,680
| -41% | -$3.97M |
|
|
ESPR
1757
DELISTED
Esperion Therapeutics
ESPR
| $3.8M | 0.01% |
82,536
+50,599
| +158% | +$2.44M |
|
1758
Adtran
ADTN
$685M
| $3.79M | 0.01% |
352,870
+154,189
| +78% | +$2.1M |
|
1759
Customers Bancorp
CUBI
$2.67B
| $3.79M | 0.01% |
208,105
+181,414
| +680% | +$3.63M |
|
|
CHU
1760
DELISTED
China Unicom (HONG KONG) Limited
CHU
| $3.78M | 0.01% |
354,883
-39,617
| -10% | -$441K |
|
|
FOMX
1761
DELISTED
Foamix Pharmaceuticals Ltd. Ordinary Shares
FOMX
| $3.78M | 0.01% |
1,052,741
-100,387
| -9% | -$437K |
|
1762
iShares MSCI Philippines ETF
EPHE
$132M
| $3.77M | 0.01% |
118,272
+108,939
| +1,167% | +$3.32M |
|
1763
Avanos Medical
AVNS
| $3.77M | 0.01% |
84,147
-27,898
| -25% | -$1.46M |
|
|
SHI
1764
DELISTED
Sinopec Shanghai Petrochemical Co., Ltd.
SHI
| $3.77M | 0.01% |
87,326
+44,641
| +105% | +$2.09M |
|
1765
Hercules Capital
HTGC
$3.01B
| $3.77M | 0.01% |
340,936
+30,175
| +10% | +$368K |
|
|
PDCO
1766
DELISTED
Patterson Companies, Inc.
PDCO
| $3.76M | 0.01% |
191,238
-730,373
| -79% | -$17.1M |
|
1767
Perdoceo Education
PRDO
$2.15B
| $3.75M | 0.01% |
328,706
+519
| +0.2% | +$6.89K |
|
1768
Pinnacle Financial Partners Inc
PNFP
$15.9B
| $3.75M | 0.01% |
81,370
+3,956
| +5% | +$210K |
|
1769
CALL
iShares US Real Estate ETF
IYR
$4.74B
| $3.75M | 0.01% |
+50,000
| New | +$3.93M |
|
1770
CALL
UnitedHealth
UNH
$385B
| $3.74M | 0.01% |
+15,000
| New | +$3.96M |
|
1771
Ethan Allen Interiors
ETD
$606M
| $3.73M | 0.01% |
212,182
+145,988
| +221% | +$2.87M |
|
|
I
1772
DELISTED
INTELSAT S. A.
I
| $3.73M | 0.01% |
174,497
+132,943
| +320% | +$3.59M |
|
|
PS
1773
DELISTED
Pluralsight, Inc. Class A Common Stock
PS
| $3.73M | 0.01% |
158,325
+96,080
| +154% | +$2.22M |
|
1774
PUT
American Airlines Group
AAL
$9.92B
| $3.72M | 0.01% |
115,900
-52,200
| -31% | -$1.82M |
|
1775
Columbus McKinnon
CMCO
$435M
| $3.72M | 0.01% |
123,494
+54,447
| +79% | +$1.85M |
|
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.