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 | |
|---|---|---|---|---|---|---|
|
RUTH
1901
DELISTED
Ruth's Hospitality Group, Inc.
RUTH
| $3.11M | ﹤0.01% |
136,976
+114,231
| +502% | +$3.02M |
|
1902
Comtech Telecommunications
CMTL
$49.7M
| $3.11M | ﹤0.01% |
127,868
+57,683
| +82% | +$1.62M |
|
1903
Five Point Holdings
FPH
$387M
| $3.11M | ﹤0.01% |
448,141
-59,055
| -12% | -$466K |
|
|
MGLN
1904
DELISTED
Magellan Health Services, Inc.
MGLN
| $3.1M | ﹤0.01% |
54,577
-108,575
| -67% | -$6.7M |
|
1905
Diamondrock Hospitality Co
DRH
$2.68B
| $3.1M | ﹤0.01% |
+341,591
| New | +$3.52M |
|
1906
SouthState Bank Corp
SSB
$10.3B
| $3.1M | ﹤0.01% |
+51,718
| New | +$3.59M |
|
|
SHYF
1907
DELISTED
The Shyft Group
SHYF
| $3.1M | ﹤0.01% |
428,369
+283,529
| +196% | +$2.64M |
|
1908
Talos Energy
TALO
$2.38B
| $3.09M | ﹤0.01% |
189,379
+7,827
| +4% | +$185K |
|
1909
Compass Minerals
CMP
$1.23B
| $3.08M | ﹤0.01% |
73,933
+50,097
| +210% | +$2.64M |
|
1910
Oneok
OKE
$56.7B
| $3.08M | ﹤0.01% |
57,014
-2,160,874
| -97% | -$134M |
|
|
FOLD
1911
DELISTED
Amicus Therapeutics
FOLD
| $3.08M | ﹤0.01% |
+320,935
| New | +$3.53M |
|
|
ARYAU
1912
DELISTED
ARYA Sciences Acquisiton Corp. Unit
ARYAU
| $3.07M | ﹤0.01% |
+300,000
| New | +$3.09M |
|
1913
Marvell Technology
MRVL
$147B
| $3.07M | ﹤0.01% |
189,678
-2,444,122
| -93% | -$40.5M |
|
1914
Rambus
RMBS
$8.95B
| $3.07M | ﹤0.01% |
400,453
+191,155
| +91% | +$1.66M |
|
|
FRC
1915
DELISTED
First Republic Bank
FRC
| $3.07M | ﹤0.01% |
35,330
-197,936
| -85% | -$18.1M |
|
1916
State Street SPDR Nuveen ICE Short Term Municipal Bond ETF
SHM
$3.47B
| $3.06M | ﹤0.01% |
63,739
+2,140
| +3% | +$102K |
|
1917
Insteel Industries
IIIN
$592M
| $3.06M | ﹤0.01% |
126,011
-123,714
| -50% | -$3.44M |
|
|
SLCA
1918
PUT
DELISTED
U.S. SILICA HOLDINGS, INC.
SLCA
| $3.05M | ﹤0.01% |
+300,000
| New | +$4.38M |
|
|
BFS
1919
Saul Centers
BFS
$858M
| $3.04M | ﹤0.01% |
64,394
+40,692
| +172% | +$2.08M |
|
1920
VEON
VEON
$3.5B
| $3.04M | ﹤0.01% |
51,936
+20,010
| +63% | +$1.35M |
|
|
SMAR
1921
DELISTED
Smartsheet Inc.
SMAR
| $3.04M | ﹤0.01% |
122,175
-16,698
| -12% | -$415K |
|
1922
Hooker Furnishings Corp
HOFT
$147M
| $3.03M | ﹤0.01% |
115,039
+30,136
| +35% | +$898K |
|
1923
Tenet Healthcare
THC
$22.2B
| $3.03M | ﹤0.01% |
176,633
-298,103
| -63% | -$7.21M |
|
|
FLIC
1924
DELISTED
First of Long Island Corp
FLIC
| $3.03M | ﹤0.01% |
151,687
-83,389
| -35% | -$1.71M |
|
1925
General Dynamics
GD
$103B
| $3.02M | ﹤0.01% |
19,234
-29,918
| -61% | -$5.36M |
|
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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.