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 | |
|---|---|---|---|---|---|---|
|
CDR
1901
DELISTED
Cedar Realty Trust, Inc
CDR
| $3.94M | 0.01% |
175,622
+8,797
| +5% | +$198K |
|
|
XHR
1902
Xenia Hotels & Resorts
XHR
$2.01B
| $3.94M | 0.01% |
179,585
-428,215
| -70% | -$8.15M |
|
1903
Acushnet Holdings
GOLF
$6B
| $3.93M | 0.01% |
170,030
-109,438
| -39% | -$2.56M |
|
|
BLUE
1904
CALL
DELISTED
bluebird bio
BLUE
| $3.93M | 0.01% |
+1,930
| New | +$3.4M |
|
1905
Equifax
EFX
$22B
| $3.93M | 0.01% |
33,192
+28,846
| +664% | +$3.08M |
|
1906
MillerKnoll
MLKN
$1.56B
| $3.93M | 0.01% |
111,789
-234,181
| -68% | -$8.17M |
|
1907
Capitol Federal Financial
CFFN
$1.09B
| $3.93M | 0.01% |
+294,392
| New | +$3.9M |
|
1908
Jefferies Financial Group
JEF
$12.7B
| $3.92M | 0.01% |
232,942
+143,871
| +162% | +$2.54M |
|
1909
AdvanSix
ASIX
$542M
| $3.92M | 0.01% |
137,113
+37,712
| +38% | +$1.15M |
|
1910
iShares Russell 1000 Growth ETF
IWF
$117B
| $3.92M | 0.01% |
+103,452
| New | +$3.72M |
|
1911
Amalgamated Financial
AMAL
$1.47B
| $3.91M | 0.01% |
249,703
-364,825
| -59% | -$6.56M |
|
1912
CALL
PayPal
PYPL
$50.3B
| $3.89M | 0.01% |
+37,500
| New | +$3.55M |
|
|
ARCH
1913
DELISTED
Arch Resources, Inc.
ARCH
| $3.89M | 0.01% |
42,658
-218,834
| -84% | -$19.3M |
|
1914
Forrester Research
FORR
$199M
| $3.89M | 0.01% |
80,439
+8,467
| +12% | +$395K |
|
1915
TAL Education Group
TAL
$6.04B
| $3.89M | 0.01% |
107,736
+49,763
| +86% | +$1.61M |
|
|
LABL
1916
DELISTED
Multi-Color Corp
LABL
| $3.89M | 0.01% |
77,892
-26,804
| -26% | -$1.25M |
|
1917
Under Armour Class C
UA
$2.95B
| $3.88M | 0.01% |
205,848
+166,420
| +422% | +$3.15M |
|
1918
CALL
Howmet Aerospace
HWM
$109B
| $3.86M | 0.01% |
+263,538
| New | +$3.78M |
|
|
1919
PUT
Howmet Aerospace
HWM
$109B
| $3.86M | 0.01% |
+263,538
| New | +$3.78M |
|
1920
Grupo Aeroportuario del Sureste
ASR
$8.16B
| $3.85M | 0.01% |
23,828
+18,585
| +354% | +$3.11M |
|
|
IMMU
1921
CALL
DELISTED
Immunomedics Inc
IMMU
| $3.84M | 0.01% |
200,000
-30,000
| -13% | -$484K |
|
|
PCMI
1922
DELISTED
PCM, Inc
PCMI
| $3.84M | 0.01% |
104,779
-36,368
| -26% | -$1.01M |
|
1923
CALL
GrafTech
EAF
$184M
| $3.84M | 0.01% |
30,000
| – | – |
|
1924
New Fortress Energy
NFE
$92.9M
| $3.83M | 0.01% |
+328,091
| New | +$4.28M |
|
|
SRDX
1925
DELISTED
Surmodics
SRDX
| $3.82M | 0.01% |
87,949
-64,362
| -42% | -$3.28M |
|
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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.