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 | |
|---|---|---|---|---|---|---|
|
CDR
1826
DELISTED
Cedar Realty Trust, Inc
CDR
| $3.46M | 0.01% |
166,825
+67,916
| +69% | +$1.65M |
|
1827
Macy's
M
$6.51B
| $3.46M | 0.01% |
116,044
+81,148
| +233% | +$2.67M |
|
1828
Grupo Aeroportuario Centro Norte
OMAB
$5.14B
| $3.45M | 0.01% |
90,641
+22,886
| +34% | +$978K |
|
1829
Sterling Infrastructure
STRL
$15.2B
| $3.44M | 0.01% |
316,225
+50,226
| +19% | +$611K |
|
|
TWO
1830
Two Harbors Investment
TWO
$1.27B
| $3.44M | 0.01% |
66,951
-72,840
| -52% | -$4.15M |
|
1831
United Microelectronic
UMC
$42.9B
| $3.44M | 0.01% |
1,920,712
+1,121,267
| +140% | +$2.15M |
|
1832
CALL
GrafTech
EAF
$184M
| $3.43M | 0.01% |
30,000
+20,000
| +200% | +$3.05M |
|
|
CTWS
1833
DELISTED
Connecticut Water Service Inc
CTWS
| $3.43M | 0.01% |
51,235
-70,383
| -58% | -$4.85M |
|
1834
PUT
International Flavors & Fragrances
IFF
$20.3B
| $3.42M | 0.01% |
+25,500
| New | +$3.53M |
|
1835
MarineMax
HZO
$748M
| $3.42M | 0.01% |
186,912
+66,236
| +55% | +$1.38M |
|
1836
Gates Industrial Corporation Ltd.
GTES
$6.31B
| $3.42M | 0.01% |
258,057
+152,221
| +144% | +$2.29M |
|
1837
iShares Core S&P Small-Cap ETF
IJR
$109B
| $3.41M | 0.01% |
49,200
-37,911
| -44% | -$2.93M |
|
|
WLL
1838
CALL
DELISTED
Whiting Petroleum Corporation
WLL
| $3.4M | 0.01% |
+2,000
| New | +$5.14M |
|
1839
Globant
GLOB
$1.65B
| $3.4M | 0.01% |
60,364
-436,630
| -88% | -$23.4M |
|
1840
Unilever
UL
$142B
| $3.39M | 0.01% |
57,606
+41,558
| +259% | +$2.5M |
|
1841
BlackLine
BL
$1.9B
| $3.38M | 0.01% |
82,665
+41,688
| +102% | +$1.77M |
|
1842
CRA International
CRAI
$1.23B
| $3.38M | 0.01% |
79,507
+7,370
| +10% | +$331K |
|
|
CARO
1843
DELISTED
Carolina Financial Corp.
CARO
| $3.38M | 0.01% |
114,054
+8,554
| +8% | +$285K |
|
1844
Watts Water Technologies
WTS
$11.2B
| $3.37M | 0.01% |
52,288
-41,019
| -44% | -$2.95M |
|
|
NLSN
1845
CALL
DELISTED
Nielsen Holdings plc
NLSN
| $3.37M | 0.01% |
144,400
+84,200
| +140% | +$2.18M |
|
|
AEL
1846
DELISTED
American Equity Investment Life Holding Company
AEL
| $3.36M | 0.01% |
120,407
-72,661
| -38% | -$2.33M |
|
1847
SI-BONE Inc
SIBN
$818M
| $3.36M | 0.01% |
+160,936
| New | +$3.04M |
|
1848
NMI Holdings
NMIH
$3.37B
| $3.35M | 0.01% |
187,660
+24,891
| +15% | +$484K |
|
1849
CALL
Cardinal Health
CAH
$53.7B
| $3.35M | 0.01% |
75,000
-20,000
| -21% | -$1.04M |
|
1850
State Street Consumer Discretionary Select Sector SPDR ETF
XLY
$21.7B
| $3.34M | 0.01% |
+67,544
| New | +$3.57M |
|
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.