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 |
Walt Disney
DIS
|
+$655M |
| 2 |
Coty
COTY
|
+$380M |
| 3 |
ConocoPhillips
COP
|
+$250M |
| 4 |
Zimmer Biomet
ZBH
|
+$213M |
| 5 |
Valero Energy
VLO
|
+$170M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$523M |
| 2 |
Merck
MRK
|
+$375M |
| 3 |
SHPG
Shire pic
SHPG
|
+$362M |
| 4 |
Alphabet (Google) Class C
GOOG
|
+$310M |
| 5 |
CELG
Celgene Corp
CELG
|
+$286M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 12.54% |
| 2 | Technology | 10.66% |
| 3 | Financials | 10.63% |
| 4 | Consumer Discretionary | 9.38% |
| 5 | Industrials | 7.88% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1751
Evolent Health
EVH
$371M
| $4.93M | 0.01% |
392,266
-1,638,549
| -81% | -$25.9M |
|
|
ATCX
1752
DELISTED
Atlas Technical Consultants, Inc. Class A Common Stock
ATCX
| $4.93M | 0.01% |
+507,614
| New | +$4.94M |
|
1753
CALL
Royal Caribbean
RCL
$86.8B
| $4.93M | 0.01% |
+43,000
| New | +$4.89M |
|
1754
Tennant Co
TNC
$1.44B
| $4.91M | 0.01% |
79,120
+10,891
| +16% | +$652K |
|
|
STR
1755
DELISTED
Sitio Royalties
STR
| $4.91M | 0.01% |
138,827
-257,029
| -65% | -$8.41M |
|
1756
iShares Core S&P Small-Cap ETF
IJR
$109B
| $4.9M | 0.01% |
63,555
+14,355
| +29% | +$1.1M |
|
|
ORTX
1757
DELISTED
Orchard Therapeutics plc American Depositary Shares
ORTX
| $4.9M | 0.01% |
27,421
-1,532
| -5% | -$230K |
|
1758
Travere Therapeutics
TVTX
$5.17B
| $4.9M | 0.01% |
216,633
-74,827
| -26% | -$1.65M |
|
|
PMT
1759
PennyMac Mortgage Investment
PMT
$845M
| $4.9M | 0.01% |
236,572
+170,723
| +259% | +$3.44M |
|
|
BZUN
1760
Baozun
BZUN
$179M
| $4.9M | 0.01% |
117,910
-56,005
| -32% | -$1.96M |
|
1761
CALL
Expedia Group
EXPE
$36.5B
| $4.89M | 0.01% |
41,100
-8,300
| -17% | -$1.01M |
|
1762
CALL
B&G Foods
BGS
$303M
| $4.88M | 0.01% |
+200,000
| New | +$5.24M |
|
|
TDAY
1763
USA Today Co
TDAY
$1.29B
| $4.88M | 0.01% |
464,684
-153,227
| -25% | -$1.96M |
|
|
SEMG
1764
DELISTED
SEMGROUP CORPORATION
SEMG
| $4.86M | 0.01% |
329,731
-241,766
| -42% | -$3.82M |
|
1765
Ducommun
DCO
$2.56B
| $4.84M | 0.01% |
111,320
+90,923
| +446% | +$3.73M |
|
1766
Sonos
SONO
$2.09B
| $4.84M | 0.01% |
470,433
+429,120
| +1,039% | +$4.65M |
|
1767
Littelfuse
LFUS
$10.4B
| $4.84M | 0.01% |
26,521
-38,707
| -59% | -$7.15M |
|
|
ALDR
1768
DELISTED
Alder Biopharmaceuticals
ALDR
| $4.84M | 0.01% |
354,469
-122,841
| -26% | -$1.59M |
|
1769
Upbound Group
UPBD
$1.22B
| $4.83M | 0.01% |
231,229
-1,154,148
| -83% | -$21.3M |
|
1770
CALL
Cardinal Health
CAH
$53.7B
| $4.82M | 0.01% |
100,000
+25,000
| +33% | +$1.25M |
|
|
ELLI
1771
DELISTED
Ellie Mae Inc
ELLI
| $4.81M | 0.01% |
+48,726
| New | +$4.23M |
|
1772
Invesco
IVZ
$12.4B
| $4.8M | 0.01% |
248,456
+193,623
| +353% | +$3.62M |
|
1773
BCE
BCE
$20.8B
| $4.79M | 0.01% |
107,818
-33,003
| -23% | -$1.42M |
|
1774
National Fuel Gas
NFG
$7.69B
| $4.79M | 0.01% |
78,488
+74,043
| +1,666% | +$4.3M |
|
1775
AZZ Inc
AZZ
$4.24B
| $4.78M | 0.01% |
116,752
+44,288
| +61% | +$1.96M |
|
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Millennium Management's Q1 2019 Portfolio in Review
As of Q1 2019, Millennium Management held 4,608 positions worth $66.8B, up 4.2% from $64.1B the previous quarter. Its ten largest holdings account for 7.1% of the portfolio.
Millennium Management withdrew a net $6.14B in Q1 2019, closing 675 positions and reducing 1,467 holdings. Its most notable exit was Merck, an estimated $375M position sold in full.
By sector, the portfolio is most concentrated in Healthcare at 13% of assets, down from 13% a quarter earlier, followed by Technology and Financials.
Against the trend, Millennium Management opened a new position in Zimmer Biomet worth $232M.
- Millennium Management's largest Q1 2019 buy was Zimmer Biomet: 1,870,503 shares worth $232M.
- Millennium Management added most to Walt Disney in Q1 2019, an estimated $655M increase.
- Millennium Management's biggest Q1 2019 reduction was Apple, cutting an estimated $523M.
- Millennium Management fully exited Merck in Q1 2019, selling an estimated $375M.
- Millennium Management's ten largest holdings make up 7.1% of its $66.8B portfolio in Q1 2019.
- Millennium Management opened 914 new positions and closed 675 in Q1 2019.
- Millennium Management's portfolio value rose 4.2% quarter-over-quarter to $66.8B.
Based on Millennium Management's 13F filing for Q1 2019, filed 14 May 2019.