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 |
Boston Scientific
BSX
|
+$240M |
| 2 |
eBay
EBAY
|
+$231M |
| 3 |
PXD
Pioneer Natural Resource Co.
PXD
|
+$216M |
| 4 |
Ameren
AEE
|
+$196M |
| 5 |
Kohl's
KSS
|
+$182M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$552M |
| 2 |
Micron Technology
MU
|
+$425M |
| 3 |
Visa
V
|
+$225M |
| 4 |
Marathon Petroleum
MPC
|
+$225M |
| 5 |
ESRX
Express Scripts Holding Company
ESRX
|
+$218M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 13.6% |
| 2 | Healthcare | 12.02% |
| 3 | Technology | 11.62% |
| 4 | Industrials | 11.19% |
| 5 | Consumer Discretionary | 10.9% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
XLRN
1951
DELISTED
Acceleron Pharma
XLRN
| $3.83M | 0.01% |
+98,050
| New | +$4.17M |
|
1952
Blackrock
BLK
$169B
| $3.82M | 0.01% |
7,056
-37,898
| -84% | -$20.8M |
|
1953
Wabash National
WNC
$512M
| $3.82M | 0.01% |
183,517
+162,349
| +767% | +$3.66M |
|
|
ERF
1954
DELISTED
Enerplus Corporation
ERF
| $3.82M | 0.01% |
339,203
+70,900
| +26% | +$772K |
|
1955
iShares Semiconductor ETF
SOXX
$41.7B
| $3.82M | 0.01% |
+63,591
| New | +$3.87M |
|
|
SAVE
1956
DELISTED
Spirit Airlines, Inc.
SAVE
| $3.8M | 0.01% |
100,639
-1,168,295
| -92% | -$49M |
|
|
SGMO
1957
PUT
DELISTED
SANGAMO THERAPEUTICS INC
SGMO
| $3.8M | 0.01% |
+200,000
| New | +$4.28M |
|
|
LBAI
1958
DELISTED
Lakeland Bancorp Inc
LBAI
| $3.79M | 0.01% |
+191,002
| New | +$3.83M |
|
1959
AngioDynamics
ANGO
$611M
| $3.79M | 0.01% |
+219,512
| New | +$3.66M |
|
1960
Sierra Bancorp
BSRR
$528M
| $3.78M | 0.01% |
141,904
-16,777
| -11% | -$457K |
|
1961
Casella Waste Systems
CWST
$5.71B
| $3.75M | 0.01% |
160,254
-551,900
| -77% | -$13.5M |
|
1962
Saia
SAIA
$9.27B
| $3.75M | 0.01% |
49,846
+18,588
| +59% | +$1.38M |
|
|
QES
1963
DELISTED
Quintana Energy Services Inc.
QES
| $3.73M | 0.01% |
+383,056
| New | +$3.54M |
|
1964
CryoPort
CYRX
$761M
| $3.73M | 0.01% |
434,068
+291,737
| +205% | +$2.58M |
|
|
BFS
1965
Saul Centers
BFS
$836M
| $3.72M | 0.01% |
72,945
+35,060
| +93% | +$1.86M |
|
|
BBBY
1966
DELISTED
Bed Bath & Beyond Inc
BBBY
| $3.71M | 0.01% |
176,908
-341,660
| -66% | -$7.55M |
|
|
SPPI
1967
DELISTED
Spectrum Pharmaceuticals Inc
SPPI
| $3.71M | ﹤0.01% |
+230,372
| New | +$4.56M |
|
1968
Steris
STE
$22.3B
| $3.7M | ﹤0.01% |
+39,635
| New | +$3.6M |
|
1969
SiriusXM
SIRI
$9.98B
| $3.7M | ﹤0.01% |
59,230
+53,394
| +915% | +$3.21M |
|
|
GGP
1970
DELISTED
GGP Inc.
GGP
| $3.69M | ﹤0.01% |
180,601
-677,167
| -79% | -$15M |
|
1971
Sabesp
SBS
$19.1B
| $3.69M | ﹤0.01% |
1,798,935
+1,504,415
| +511% | +$3.23M |
|
1972
Dime Commercial Bancshares
DCOM
$1.8B
| $3.69M | ﹤0.01% |
109,882
+102,038
| +1,301% | +$3.52M |
|
1973
Universal Health Services
UHS
$10.2B
| $3.69M | ﹤0.01% |
+31,130
| New | +$3.7M |
|
|
SRE.PRA
1974
DELISTED
Sempra Energy 6% Mandatory Convertible Preferred Stock, Series A
SRE.PRA
| $3.68M | ﹤0.01% |
+35,986
| New | +$3.63M |
|
|
AMWD
1975
DELISTED
American Woodmark
AMWD
| $3.67M | ﹤0.01% |
37,298
+13,378
| +56% | +$1.68M |
|
Similar funds
Millennium Management's Q1 2018 Portfolio in Review
As of Q1 2018, Millennium Management held 4,417 positions worth $74.9B, up 3.4% from $72.5B the previous quarter. Its ten largest holdings account for 6.3% of the portfolio.
Millennium Management deployed $3.3B of net new capital in Q1 2018, opening 664 new positions and adding to 1,467 existing holdings. Its largest new stake was Tiffany & Co.: 1,078,847 shares worth $105M.
By sector, the portfolio is most concentrated in Financials at 14% of assets, down from 14% a quarter earlier, followed by Healthcare and Technology.
On the sell side, the largest reduction was State Street SPDR S&P 500 ETF Trust, an estimated $552M trimmed.
- Millennium Management's largest Q1 2018 buy was Tiffany & Co.: 1,078,847 shares worth $105M.
- Millennium Management added most to Boston Scientific in Q1 2018, an estimated $240M increase.
- Millennium Management's biggest Q1 2018 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $552M.
- Millennium Management fully exited Equinix in Q1 2018, selling an estimated $152M.
- Millennium Management's ten largest holdings make up 6.3% of its $74.9B portfolio in Q1 2018.
- Millennium Management opened 664 new positions and closed 833 in Q1 2018.
- Millennium Management's portfolio value rose 3.4% quarter-over-quarter to $74.9B.
Based on Millennium Management's 13F filing for Q1 2018, filed 15 May 2018.