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 | |
|---|---|---|---|---|---|---|
1926
Planet Fitness
PLNT
$4.45B
| $3.02M | ﹤0.01% |
56,282
+21,280
| +61% | +$1.09M |
|
|
TSE
1927
DELISTED
Trinseo
TSE
| $3.02M | ﹤0.01% |
65,909
-82,623
| -56% | -$4.49M |
|
1928
Universal Electronics
UEIC
$59.2M
| $3.02M | ﹤0.01% |
119,341
+81,193
| +213% | +$2.63M |
|
1929
Wells Fargo 7.5% Non Cumv Perp Conv
WFC.PRL
$4.68B
| $3.01M | ﹤0.01% |
+2,386
| New | +$3.02M |
|
1930
Transportadora de Gas del Sur
TGS
$4.48B
| $3.01M | ﹤0.01% |
208,366
+78,312
| +60% | +$1.11M |
|
1931
UMB Financial
UMBF
$11.3B
| $3M | ﹤0.01% |
49,218
+25,559
| +108% | +$1.66M |
|
|
PNNT
1932
Pennant Park Investment Corp
PNNT
$220M
| $3M | ﹤0.01% |
471,012
+125,492
| +36% | +$892K |
|
1933
Flowers Foods
FLO
$1.58B
| $3M | ﹤0.01% |
162,310
+16,991
| +12% | +$326K |
|
|
RAVN
1934
DELISTED
Raven Industries Inc
RAVN
| $2.99M | ﹤0.01% |
+82,731
| New | +$3.44M |
|
|
BNY
1935
Bank of New York Mellon
BNY
$103B
| $2.99M | ﹤0.01% |
63,548
-791,895
| -93% | -$38.5M |
|
1936
Kiniksa Pharmaceuticals
KNSA
$6.23B
| $2.99M | ﹤0.01% |
106,406
-115,644
| -52% | -$2.41M |
|
1937
CorVel
CRVL
$3.18B
| $2.99M | ﹤0.01% |
145,254
+115,047
| +381% | +$2.35M |
|
1938
CALL
Edwards Lifesciences
EW
$49.4B
| $2.99M | ﹤0.01% |
58,500
-2,381,700
| -98% | -$121M |
|
1939
Dime Commercial Bancshares
DCOM
$1.79B
| $2.99M | ﹤0.01% |
117,154
-51,506
| -31% | -$1.5M |
|
1940
CALL
ICU Medical
ICUI
$4.16B
| $2.98M | ﹤0.01% |
13,000
-27,000
| -68% | -$6.66M |
|
|
AZRE
1941
DELISTED
Azure Power Global Limited
AZRE
| $2.98M | ﹤0.01% |
329,730
+310,865
| +1,648% | +$3.46M |
|
1942
GoPro
GPRO
$120M
| $2.97M | ﹤0.01% |
700,846
-853,911
| -55% | -$4.78M |
|
1943
Vale
VALE
$62.3B
| $2.97M | ﹤0.01% |
224,980
-354,604
| -61% | -$5.07M |
|
|
EXPR
1944
DELISTED
Express, Inc.
EXPR
| $2.97M | ﹤0.01% |
29,017
-4,548
| -14% | -$703K |
|
1945
Asbury Automotive
ABG
$4.62B
| $2.95M | ﹤0.01% |
+44,321
| New | +$2.92M |
|
1946
AudioCodes
AUDC
$239M
| $2.93M | ﹤0.01% |
296,336
+84,554
| +40% | +$906K |
|
|
VVC
1947
DELISTED
Vectren Corporation
VVC
| $2.93M | ﹤0.01% |
40,678
-110,577
| -73% | -$7.92M |
|
1948
Compañía de Minas Buenaventura
BVN
$7.68B
| $2.93M | ﹤0.01% |
180,410
-252,640
| -58% | -$3.64M |
|
1949
AZZ Inc
AZZ
$4.24B
| $2.92M | ﹤0.01% |
72,464
+37,496
| +107% | +$1.7M |
|
|
CNR
1950
DELISTED
Cornerstone Building Brands, Inc.
CNR
| $2.92M | ﹤0.01% |
403,281
-772,015
| -66% | -$9.25M |
|
Similar funds
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.