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 | |
|---|---|---|---|---|---|---|
|
MEET
1776
DELISTED
The Meet Group, Inc. Common Stock
MEET
| $3.71M | 0.01% |
800,561
-390,785
| -33% | -$1.67M |
|
1777
CALL
iShares MSCI Mexico ETF
EWW
$1.9B
| $3.71M | 0.01% |
90,000
-10,000
| -10% | -$435K |
|
1778
GeoPark
GPRK
$605M
| $3.7M | 0.01% |
268,549
+241,374
| +888% | +$3.86M |
|
|
TEN
1779
DELISTED
Tenneco Inc. Class A Voting Common Stock
TEN
| $3.7M | 0.01% |
134,935
-145,511
| -52% | -$4.87M |
|
1780
Alamos Gold
AGI
$12.2B
| $3.69M | 0.01% |
1,024,249
-839,294
| -45% | -$3.28M |
|
|
RST
1781
DELISTED
ROSETTA STONE INC
RST
| $3.69M | 0.01% |
+224,763
| New | +$4.11M |
|
1782
DXP Enterprises
DXPE
$2.36B
| $3.68M | 0.01% |
132,083
+7,700
| +6% | +$273K |
|
|
LABL
1783
DELISTED
Multi-Color Corp
LABL
| $3.67M | 0.01% |
+104,696
| New | +$4.96M |
|
1784
Blackbaud
BLKB
$2.01B
| $3.66M | 0.01% |
58,222
+19,443
| +50% | +$1.4M |
|
1785
PUT
Kraft Heinz
KHC
$32.8B
| $3.65M | 0.01% |
84,800
-25,300
| -23% | -$1.31M |
|
1786
Tronox
TROX
$979M
| $3.65M | 0.01% |
+468,530
| New | +$4.93M |
|
1787
PUT
Medtronic
MDT
$112B
| $3.64M | 0.01% |
+40,000
| New | +$3.74M |
|
1788
Apogee Enterprises
APOG
$852M
| $3.63M | 0.01% |
+121,715
| New | +$4.36M |
|
|
BDSI
1789
DELISTED
BioDelivery Sciences International, Inc.
BDSI
| $3.63M | 0.01% |
981,422
+859,292
| +704% | +$3.02M |
|
1790
Marriott International
MAR
$100B
| $3.63M | 0.01% |
33,401
-83
| -0.2% | -$9.53K |
|
|
GRMN
1791
Garmin
GRMN
$57.9B
| $3.62M | 0.01% |
57,217
-41,328
| -42% | -$2.68M |
|
1792
Tower Semiconductor
TSEM
$21.9B
| $3.62M | 0.01% |
+245,593
| New | +$4.09M |
|
1793
CALL
Abbott
ABT
$189B
| $3.62M | 0.01% |
50,000
-700,000
| -93% | -$49.2M |
|
1794
Texas Pacific Land
TPL
$27B
| $3.62M | 0.01% |
60,093
+54,144
| +910% | +$3.9M |
|
1795
Home BancShares
HOMB
$6.31B
| $3.62M | 0.01% |
221,248
+93,122
| +73% | +$1.77M |
|
1796
CALL
Dollar Tree
DLTR
$24.9B
| $3.61M | 0.01% |
40,000
-70,000
| -64% | -$5.91M |
|
1797
Credicorp
BAP
$30.7B
| $3.6M | 0.01% |
16,256
+15,331
| +1,657% | +$3.39M |
|
1798
CALL
Visa
V
$699B
| $3.6M | 0.01% |
27,300
-25,000
| -48% | -$3.45M |
|
|
MIXT
1799
DELISTED
MIX TELEMATICS LIMITED
MIXT
| $3.6M | 0.01% |
230,023
+100,932
| +78% | +$1.61M |
|
|
TRST
1800
Trustco Bank Corp NY
TRST
$966M
| $3.6M | 0.01% |
104,893
-26,430
| -20% | -$1M |
|
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.