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 | |
|---|---|---|---|---|---|---|
1776
Radware
RDWR
$983M
| $4.78M | 0.01% |
182,881
-243,912
| -57% | -$5.95M |
|
|
RAVN
1777
DELISTED
Raven Industries Inc
RAVN
| $4.77M | 0.01% |
124,394
+41,663
| +50% | +$1.58M |
|
|
TOWR
1778
DELISTED
Tower International, Inc.
TOWR
| $4.77M | 0.01% |
226,676
+145,851
| +180% | +$3.75M |
|
|
MRTX
1779
CALL
DELISTED
Mirati Therapeutics, Inc. Common Stock
MRTX
| $4.76M | 0.01% |
+65,000
| New | +$4.42M |
|
1780
PUT
DexCom
DXCM
$29B
| $4.76M | 0.01% |
160,000
+80,000
| +100% | +$2.81M |
|
|
MITT
1781
TPG Mortgage Investment Trust
MITT
$228M
| $4.76M | 0.01% |
94,220
+73,192
| +348% | +$3.83M |
|
|
SA
1782
Seabridge Gold
SA
$2.72B
| $4.75M | 0.01% |
383,795
+240,772
| +168% | +$3.28M |
|
1783
Pediatrix Medical
MD
$2.2B
| $4.74M | 0.01% |
174,554
+10,073
| +6% | +$338K |
|
1784
KT
KT
$8.74B
| $4.74M | 0.01% |
381,209
-671,988
| -64% | -$9.15M |
|
|
TRUE
1785
DELISTED
TrueCar
TRUE
| $4.74M | 0.01% |
714,210
+172,717
| +32% | +$1.44M |
|
1786
Philip Morris
PM
$309B
| $4.73M | 0.01% |
53,526
-2,022,860
| -97% | -$163M |
|
|
CARO
1787
DELISTED
Carolina Financial Corp.
CARO
| $4.73M | 0.01% |
136,700
+22,646
| +20% | +$785K |
|
1788
JD.com
JD
$43.5B
| $4.72M | 0.01% |
156,515
-569,596
| -78% | -$14.5M |
|
|
ACR
1789
ACRES Commercial Realty
ACR
$130M
| $4.72M | 0.01% |
147,897
+39,529
| +36% | +$1.26M |
|
|
CZR
1790
CALL
DELISTED
Caesars Entertainment Corporation
CZR
| $4.71M | 0.01% |
542,600
+293,600
| +118% | +$2.55M |
|
|
PRFT
1791
DELISTED
Perficient Inc
PRFT
| $4.7M | 0.01% |
171,477
+116,079
| +210% | +$3.06M |
|
1792
Bilibili
BILI
$7.75B
| $4.7M | 0.01% |
247,763
+104,841
| +73% | +$1.84M |
|
1793
WesBanco
WSBC
$4.02B
| $4.69M | 0.01% |
118,083
+14,269
| +14% | +$574K |
|
1794
Pathward Financial
CASH
$1.88B
| $4.68M | 0.01% |
237,944
+121,660
| +105% | +$2.66M |
|
1795
PUT
McKesson
MCK
$104B
| $4.68M | 0.01% |
+40,000
| New | +$4.94M |
|
|
DCH
1796
Dauch Corp
DCH
$1.31B
| $4.68M | 0.01% |
327,010
-619,325
| -65% | -$8.96M |
|
1797
Qorvo
QRVO
$7.9B
| $4.67M | 0.01% |
65,137
-20,525
| -24% | -$1.36M |
|
1798
Towne Bank
TOWN
$3.54B
| $4.64M | 0.01% |
187,446
-11,633
| -6% | -$306K |
|
|
SPTN
1799
DELISTED
SpartanNash
SPTN
| $4.63M | 0.01% |
292,040
+43,642
| +18% | +$837K |
|
1800
First Financial Bancorp
FFBC
$3.55B
| $4.63M | 0.01% |
192,387
+172,197
| +853% | +$4.47M |
|
Similar funds
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.