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 |
Boston Scientific
BSX
|
+$240M |
| 2 |
eBay
EBAY
|
+$231M |
| 3 |
PXD
Pioneer Natural Resource Co.
PXD
|
+$216M |
| 4 |
Ameren
AEE
|
+$196M |
| 5 |
Kohl's
KSS
|
+$182M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$552M |
| 2 |
Micron Technology
MU
|
+$425M |
| 3 |
Visa
V
|
+$225M |
| 4 |
Marathon Petroleum
MPC
|
+$225M |
| 5 |
ESRX
Express Scripts Holding Company
ESRX
|
+$218M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 13.6% |
| 2 | Healthcare | 12.02% |
| 3 | Technology | 11.62% |
| 4 | Industrials | 11.19% |
| 5 | Consumer Discretionary | 10.9% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1776
Main Street Capital
MAIN
$5.06B
| $5.19M | 0.01% |
+140,737
| New | +$5.27M |
|
1777
Albemarle
ALB
$13.9B
| $5.18M | 0.01% |
55,898
+31,318
| +127% | +$3.45M |
|
|
VR
1778
DELISTED
Validus Hold Ltd
VR
| $5.18M | 0.01% |
76,814
-131,856
| -63% | -$8.3M |
|
1779
Liberty Latin America Class A
LILA
$1.64B
| $5.17M | 0.01% |
414,878
+266,456
| +180% | +$3.69M |
|
|
CHL
1780
DELISTED
China Mobile Limited
CHL
| $5.16M | 0.01% |
112,843
-175,919
| -61% | -$8.53M |
|
|
EGLE
1781
DELISTED
Eagle Bulk Shipping Inc.
EGLE
| $5.16M | 0.01% |
148,779
+127,899
| +613% | +$4.45M |
|
|
AVDL
1782
DELISTED
Avadel Pharmaceuticals
AVDL
| $5.15M | 0.01% |
706,779
-137,621
| -16% | -$1.21M |
|
1783
Lennox International
LII
$14.4B
| $5.14M | 0.01% |
25,164
+8,154
| +48% | +$1.7M |
|
|
TIER
1784
DELISTED
TIER REIT, Inc.
TIER
| $5.13M | 0.01% |
277,490
+92,907
| +50% | +$1.77M |
|
1785
iShare MSCI Eurozone ETF
EZU
$9.64B
| $5.11M | 0.01% |
117,873
-56,827
| -33% | -$2.53M |
|
1786
O-I Glass
OI
$1.1B
| $5.11M | 0.01% |
235,812
+81,957
| +53% | +$1.82M |
|
1787
Advanced Drainage Systems
WMS
$10.6B
| $5.09M | 0.01% |
196,471
+52,800
| +37% | +$1.34M |
|
1788
CALL
Omnicom Group
OMC
$21.6B
| $5.09M | 0.01% |
+70,000
| New | +$5.25M |
|
|
ALBO
1789
DELISTED
Albireo Pharma Inc
ALBO
| $5.07M | 0.01% |
155,611
+109,017
| +234% | +$3.67M |
|
1790
TTEC Holdings
TTEC
$121M
| $5.05M | 0.01% |
+164,547
| New | +$6.11M |
|
1791
Shutterstock
SSTK
$198M
| $5.05M | 0.01% |
104,907
+97,940
| +1,406% | +$4.62M |
|
1792
Center Bancorp
CNOB
$1.66B
| $5.04M | 0.01% |
175,090
-122,653
| -41% | -$3.57M |
|
|
CMO
1793
DELISTED
Capstead Mortgage Corp.
CMO
| $5.01M | 0.01% |
+579,569
| New | +$5.02M |
|
1794
Quanta Services
PWR
$100B
| $5.01M | 0.01% |
145,873
-843,180
| -85% | -$30.6M |
|
1795
TripAdvisor
TRIP
$1.65B
| $5M | 0.01% |
122,340
+63,211
| +107% | +$2.47M |
|
|
UBNK
1796
DELISTED
United Financial Bancorp, Inc.
UBNK
| $5M | 0.01% |
308,734
-297,922
| -49% | -$4.94M |
|
1797
Emerson Electric
EMR
$83.9B
| $5M | 0.01% |
73,195
-1,054,670
| -94% | -$75.1M |
|
|
VGR
1798
DELISTED
Vector Group Ltd.
VGR
| $5M | 0.01% |
381,100
-927,934
| -71% | -$12.4M |
|
1799
Galicia Financial Group
GGAL
$7.99B
| $4.99M | 0.01% |
75,891
-9,679
| -11% | -$635K |
|
1800
Cars.com
CARS
$662M
| $4.98M | 0.01% |
175,766
-102,743
| -37% | -$3.01M |
|
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Millennium Management's Q1 2018 Portfolio in Review
As of Q1 2018, Millennium Management held 4,417 positions worth $74.9B, up 3.4% from $72.5B the previous quarter. Its ten largest holdings account for 6.3% of the portfolio.
Millennium Management deployed $3.3B of net new capital in Q1 2018, opening 664 new positions and adding to 1,467 existing holdings. Its largest new stake was Tiffany & Co.: 1,078,847 shares worth $105M.
By sector, the portfolio is most concentrated in Financials at 14% of assets, down from 14% a quarter earlier, followed by Healthcare and Technology.
On the sell side, the largest reduction was State Street SPDR S&P 500 ETF Trust, an estimated $552M trimmed.
- Millennium Management's largest Q1 2018 buy was Tiffany & Co.: 1,078,847 shares worth $105M.
- Millennium Management added most to Boston Scientific in Q1 2018, an estimated $240M increase.
- Millennium Management's biggest Q1 2018 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $552M.
- Millennium Management fully exited Equinix in Q1 2018, selling an estimated $152M.
- Millennium Management's ten largest holdings make up 6.3% of its $74.9B portfolio in Q1 2018.
- Millennium Management opened 664 new positions and closed 833 in Q1 2018.
- Millennium Management's portfolio value rose 3.4% quarter-over-quarter to $74.9B.
Based on Millennium Management's 13F filing for Q1 2018, filed 15 May 2018.