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 |
Fortive
FTV
|
+$1.39B |
| 2 |
ANDV
Andeavor
ANDV
|
+$1B |
| 3 |
Citigroup
C
|
+$332M |
| 4 |
Apple
AAPL
|
+$307M |
| 5 |
Oracle
ORCL
|
+$228M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
AABA
Altaba Inc
AABA
|
+$579M |
| 2 |
Electronic Arts
EA
|
+$233M |
| 3 |
Keurig Dr Pepper
KDP
|
+$215M |
| 4 |
APC
Anadarko Petroleum
APC
|
+$206M |
| 5 |
XL
XL Group Ltd.
XL
|
+$190M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 13.4% |
| 2 | Financials | 12.54% |
| 3 | Healthcare | 11.73% |
| 4 | Consumer Discretionary | 9.48% |
| 5 | Industrials | 9.28% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1851
iQIYI
IQ
$1.19B
| $4.62M | 0.01% |
+170,593
| New | +$5.08M |
|
1852
Groupon
GRPN
$1.06B
| $4.62M | 0.01% |
61,236
-158,129
| -72% | -$13.9M |
|
|
MOBL
1853
DELISTED
MobileIron, Inc.
MOBL
| $4.61M | 0.01% |
870,412
+54,084
| +7% | +$270K |
|
|
CHU
1854
DELISTED
China Unicom (HONG KONG) Limited
CHU
| $4.61M | 0.01% |
394,500
-19,668
| -5% | -$237K |
|
1855
PUT
Cencora
COR
$62.6B
| $4.61M | 0.01% |
+50,000
| New | +$4.33M |
|
1856
Helmerich & Payne
HP
$3.34B
| $4.6M | 0.01% |
66,893
-116,580
| -64% | -$7.44M |
|
1857
Seaboard Corp
SEB
$4.3B
| $4.6M | 0.01% |
1,239
+26
| +2% | +$96.9K |
|
1858
iShares National Muni Bond ETF
MUB
$45.2B
| $4.59M | 0.01% |
42,541
+14,387
| +51% | +$1.56M |
|
1859
CALL
Zoetis
ZTS
$33B
| $4.58M | 0.01% |
+50,000
| New | +$4.44M |
|
1860
CACI
CACI
$10.9B
| $4.57M | 0.01% |
24,828
+13,369
| +117% | +$2.47M |
|
1861
CALL
Nektar Therapeutics
NKTR
$2.3B
| $4.57M | 0.01% |
+5,000
| New | +$4.27M |
|
1862
Vanguard Total Bond Market
BND
$158B
| $4.57M | 0.01% |
58,057
-70,721
| -55% | -$5.59M |
|
|
HDP
1863
CALL
DELISTED
Hortonworks, Inc.
HDP
| $4.56M | 0.01% |
200,000
-300,000
| -60% | -$6.26M |
|
1864
Heritage Financial
HFWA
$1.22B
| $4.56M | 0.01% |
+129,633
| New | +$4.66M |
|
|
KNL
1865
DELISTED
Knoll, Inc.
KNL
| $4.55M | 0.01% |
194,192
-62,069
| -24% | -$1.4M |
|
1866
La-Z-Boy
LZB
$1.64B
| $4.54M | 0.01% |
+143,793
| New | +$4.58M |
|
|
ESL
1867
DELISTED
Esterline Technologies
ESL
| $4.54M | 0.01% |
+49,870
| New | +$4.2M |
|
|
GHL
1868
DELISTED
Greenhill & Co., Inc.
GHL
| $4.53M | 0.01% |
+171,815
| New | +$5.1M |
|
|
TTSH
1869
DELISTED
Tile Shop Holdings
TTSH
| $4.52M | 0.01% |
632,767
+298,141
| +89% | +$2.38M |
|
1870
Choice Hotels
CHH
$5.22B
| $4.52M | 0.01% |
54,303
+15,021
| +38% | +$1.18M |
|
1871
Woodward
WWD
$23.4B
| $4.52M | 0.01% |
+55,904
| New | +$4.49M |
|
|
BMCH
1872
DELISTED
BMC Stock Holdings, Inc
BMCH
| $4.51M | 0.01% |
241,778
+110,191
| +84% | +$2.39M |
|
1873
Arbor Realty Trust
ABR
$970M
| $4.49M | 0.01% |
391,031
-735,549
| -65% | -$8.47M |
|
1874
Oaktree Specialty Lending
OCSL
$1.06B
| $4.49M | 0.01% |
301,483
-80,345
| -21% | -$1.19M |
|
1875
Galmed Pharmaceuticals
GLMD
$4.34M
| $4.48M | 0.01% |
1,834
+82
| +5% | +$192K |
|
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Millennium Management's Q3 2018 Portfolio in Review
As of Q3 2018, Millennium Management held 4,590 positions worth $81.6B, up 6.4% from $76.7B the previous quarter. Its ten largest holdings account for 10% of the portfolio.
Millennium Management's Q3 2018 filing shows 841 new, 1,291 increased, 1,638 reduced and 748 closed positions. Its largest new stake was Fortive: 27,116,929 shares worth $1.44B. The largest sale was Altaba Inc, an estimated $579M.
By sector, the portfolio is most concentrated in Technology at 13% of assets, up from 12% a quarter earlier, followed by Financials and Healthcare.
- Millennium Management's largest Q3 2018 buy was Fortive: 27,116,929 shares worth $1.44B.
- Millennium Management added most to Andeavor in Q3 2018, an estimated $1B increase.
- Millennium Management's biggest Q3 2018 reduction was Altaba Inc, cutting an estimated $579M.
- Millennium Management fully exited XL Group Ltd. in Q3 2018, selling an estimated $190M.
- Millennium Management's ten largest holdings make up 10% of its $81.6B portfolio in Q3 2018.
- Millennium Management opened 841 new positions and closed 748 in Q3 2018.
- Millennium Management's portfolio value rose 6.4% quarter-over-quarter to $81.6B.
Based on Millennium Management's 13F filing for Q3 2018, filed 14 Nov 2018.