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 | |
|---|---|---|---|---|---|---|
1851
PUT
Alibaba
BABA
$276B
| $4.32M | 0.01% |
+23,700
| New | +$3.99M |
|
|
HTZ
1852
DELISTED
Hertz Global Holdings, Inc.
HTZ
| $4.32M | 0.01% |
286,217
+252,680
| +753% | +$3.68M |
|
1853
PUT
ICU Medical
ICUI
$4.16B
| $4.31M | 0.01% |
18,000
+8,000
| +80% | +$1.92M |
|
1854
CALL
Adobe
ADBE
$105B
| $4.29M | 0.01% |
+16,100
| New | +$4.06M |
|
1855
Keurig Dr Pepper
KDP
$42.8B
| $4.27M | 0.01% |
152,660
-218,905
| -59% | -$5.91M |
|
|
WLH
1856
DELISTED
WILLIAM LYON HOMES
WLH
| $4.27M | 0.01% |
277,811
+9,869
| +4% | +$136K |
|
1857
Talos Energy
TALO
$2.38B
| $4.26M | 0.01% |
160,544
-28,835
| -15% | -$625K |
|
|
GDEN
1858
DELISTED
Golden Entertainment
GDEN
| $4.26M | 0.01% |
300,931
-140,463
| -32% | -$2.46M |
|
|
TRTX
1859
TPG RE Finance Trust
TRTX
$635M
| $4.26M | 0.01% |
217,130
-33,502
| -13% | -$660K |
|
1860
CALL
Evertec
EVTC
$1.97B
| $4.25M | 0.01% |
+153,000
| New | +$4.33M |
|
|
HRC
1861
CALL
DELISTED
HILL-ROM HOLDINGS, INC.
HRC
| $4.23M | 0.01% |
40,000
+30,000
| +300% | +$3.02M |
|
1862
Dime Commercial Bancshares
DCOM
$1.79B
| $4.23M | 0.01% |
144,470
+27,316
| +23% | +$828K |
|
|
NPKI
1863
NPK International
NPKI
$1.02B
| $4.23M | 0.01% |
461,320
+357,065
| +342% | +$3.06M |
|
1864
PUT
Marriott International
MAR
$100B
| $4.21M | 0.01% |
43,800
+37,900
| +642% | +$4.46M |
|
|
PDM
1865
Piedmont Realty Trust
PDM
$1.24B
| $4.21M | 0.01% |
202,050
+159,808
| +378% | +$3.14M |
|
1866
American States Water
AWR
$3.44B
| $4.21M | 0.01% |
59,052
+10,155
| +21% | +$696K |
|
1867
LyondellBasell Industries
LYB
$19.5B
| $4.21M | 0.01% |
50,027
-34,525
| -41% | -$2.98M |
|
1868
NextEra Energy
NEE
$184B
| $4.2M | 0.01% |
86,912
+37,024
| +74% | +$1.69M |
|
|
TCRR
1869
DELISTED
TCR2 Therapeutics Inc. Common Stock
TCRR
| $4.19M | 0.01% |
+240,638
| New | +$4.27M |
|
|
MOR
1870
DELISTED
MorphoSys AG American Depositary Shares
MOR
| $4.19M | 0.01% |
184,715
+8,539
| +5% | +$224K |
|
|
GES
1871
DELISTED
Guess Inc
GES
| $4.18M | 0.01% |
213,514
+138,366
| +184% | +$2.93M |
|
|
BFS
1872
Saul Centers
BFS
$858M
| $4.17M | 0.01% |
81,194
+16,800
| +26% | +$891K |
|
1873
iShares Core US Aggregate Bond ETF
AGG
$138B
| $4.17M | 0.01% |
38,216
-37,247
| -49% | -$3.99M |
|
|
CBB
1874
DELISTED
Cincinnati Bell Inc.
CBB
| $4.16M | 0.01% |
436,300
+385,785
| +764% | +$3.49M |
|
|
MASI
1875
PUT
DELISTED
Masimo
MASI
| $4.15M | 0.01% |
+30,000
| New | +$3.77M |
|
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.