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 |
Keurig Dr Pepper
KDP
|
+$870M |
| 2 |
Amazon
AMZN
|
+$319M |
| 3 |
Automatic Data Processing
ADP
|
+$216M |
| 4 |
Evergy
EVRG
|
+$214M |
| 5 |
Chevron
CVX
|
+$207M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Bank of America
BAC
|
+$296M |
| 2 |
Mondelez International
MDLZ
|
+$235M |
| 3 |
Abbott
ABT
|
+$229M |
| 4 |
Lam Research
LRCX
|
+$189M |
| 5 |
American International
AIG
|
+$170M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 14.4% |
| 2 | Technology | 12.15% |
| 3 | Healthcare | 11.42% |
| 4 | Consumer Discretionary | 9.57% |
| 5 | Industrials | 9.28% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1926
Agree Realty
ADC
$9.57B
| $4.07M | 0.01% |
77,197
-177,711
| -70% | -$9.05M |
|
1927
Cato Corp
CATO
$69.3M
| $4.06M | 0.01% |
164,761
+104,006
| +171% | +$2.05M |
|
1928
Fortuna Silver Mines
FSM
$2.63B
| $4.05M | 0.01% |
713,946
-129,703
| -15% | -$726K |
|
1929
Carriage Services
CSV
$645M
| $4.04M | 0.01% |
164,659
-3,917
| -2% | -$102K |
|
1930
CALL
YPF
YPF
$20B
| $4.04M | 0.01% |
+297,600
| New | +$5.82M |
|
1931
Liberty Global Class A
LBTYA
$3.71B
| $4.03M | 0.01% |
146,343
-99,296
| -40% | -$3M |
|
|
VGR
1932
DELISTED
Vector Group Ltd.
VGR
| $4.03M | 0.01% |
328,009
-53,091
| -14% | -$669K |
|
1933
Leggett & Platt
LEG
$1.37B
| $4.02M | 0.01% |
+90,059
| New | +$3.87M |
|
1934
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
$26.7B
| $4.01M | 0.01% |
11,293
-11,786
| -51% | -$4.14M |
|
1935
Ardelyx
ARDX
$1.23B
| $4.01M | 0.01% |
1,083,199
+658,688
| +155% | +$3.06M |
|
1936
Procter & Gamble
PG
$338B
| $4M | 0.01% |
51,249
-303,868
| -86% | -$22.9M |
|
|
AFMD
1937
DELISTED
Affimed
AFMD
| $3.99M | 0.01% |
241,595
-14,136
| -6% | -$298K |
|
|
ZVO
1938
DELISTED
Zovio Inc. Common Stock
ZVO
| $3.98M | 0.01% |
609,077
+7,855
| +1% | +$50.5K |
|
|
SBBP
1939
DELISTED
Strongbridge Biopharma plc.
SBBP
| $3.98M | 0.01% |
662,419
+524,539
| +380% | +$3.84M |
|
1940
McGrath RentCorp
MGRC
$2.92B
| $3.96M | 0.01% |
62,522
-270,386
| -81% | -$16.7M |
|
|
NVTA
1941
DELISTED
Invitae Corporation
NVTA
| $3.94M | 0.01% |
536,056
+468,596
| +695% | +$3.11M |
|
|
CRZO
1942
DELISTED
Carrizo Oil & Gas Inc
CRZO
| $3.93M | 0.01% |
+141,036
| New | +$3.25M |
|
|
AVLR
1943
DELISTED
Avalara, Inc.
AVLR
| $3.92M | 0.01% |
+73,445
| New | +$3.49M |
|
|
CY
1944
DELISTED
Cypress Semiconductor
CY
| $3.91M | 0.01% |
251,148
-3,062,346
| -92% | -$50.5M |
|
1945
Larimar Therapeutics
LRMR
$413M
| $3.91M | 0.01% |
31,860
+16,766
| +111% | +$1.42M |
|
|
AUTL
1946
Autolus Therapeutics
AUTL
$484M
| $3.91M | 0.01% |
+145,945
| New | +$3.86M |
|
1947
Akebia Therapeutics
AKBA
$351M
| $3.9M | 0.01% |
390,970
-267,052
| -41% | -$2.67M |
|
1948
Mesa Laboratories
MLAB
$584M
| $3.89M | 0.01% |
+18,418
| New | +$3.22M |
|
|
MIXT
1949
DELISTED
MIX TELEMATICS LIMITED
MIXT
| $3.88M | 0.01% |
219,264
+132,747
| +153% | +$2.37M |
|
|
ECOM
1950
DELISTED
CHANNELADVISOR CORPORATION
ECOM
| $3.87M | 0.01% |
275,386
+168,252
| +157% | +$2.21M |
|
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Millennium Management's Q2 2018 Portfolio in Review
As of Q2 2018, Millennium Management held 4,494 positions worth $76.7B, up 2.3% from $74.9B the previous quarter. Its ten largest holdings account for 7.3% of the portfolio.
Millennium Management's Q2 2018 filing shows 911 new, 1,261 increased, 1,542 reduced and 746 closed positions. Its largest new stake was Evergy: 3,989,462 shares worth $224M. The largest sale was Bank of America, an estimated $296M.
By sector, the portfolio is most concentrated in Financials at 14% of assets, up from 14% a quarter earlier, followed by Technology and Healthcare.
- Millennium Management's largest Q2 2018 buy was Evergy: 3,989,462 shares worth $224M.
- Millennium Management added most to Keurig Dr Pepper in Q2 2018, an estimated $870M increase.
- Millennium Management's biggest Q2 2018 reduction was Bank of America, cutting an estimated $296M.
- Millennium Management fully exited American International in Q2 2018, selling an estimated $170M.
- Millennium Management's ten largest holdings make up 7.3% of its $76.7B portfolio in Q2 2018.
- Millennium Management opened 911 new positions and closed 746 in Q2 2018.
- Millennium Management's portfolio value rose 2.3% quarter-over-quarter to $76.7B.
Based on Millennium Management's 13F filing for Q2 2018, filed 14 Aug 2018.