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 |
Fortive
FTV
|
+$1.39B |
| 2 |
ANDV
Andeavor
ANDV
|
+$1B |
| 3 |
Citigroup
C
|
+$332M |
| 4 |
Apple
AAPL
|
+$307M |
| 5 |
Oracle
ORCL
|
+$228M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
AABA
Altaba Inc
AABA
|
+$579M |
| 2 |
Electronic Arts
EA
|
+$233M |
| 3 |
Keurig Dr Pepper
KDP
|
+$215M |
| 4 |
APC
Anadarko Petroleum
APC
|
+$206M |
| 5 |
XL
XL Group Ltd.
XL
|
+$190M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 13.4% |
| 2 | Financials | 12.54% |
| 3 | Healthcare | 11.73% |
| 4 | Consumer Discretionary | 9.48% |
| 5 | Industrials | 9.28% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1976
American Public Education
APEI
$940M
| $3.89M | ﹤0.01% |
117,653
-23,510
| -17% | -$900K |
|
|
DISCK
1977
DELISTED
Discovery, Inc. Series C Common Stock
DISCK
| $3.88M | ﹤0.01% |
131,019
+80,215
| +158% | +$2.09M |
|
1978
KALA BIO
KALA
$12.5M
| $3.88M | ﹤0.01% |
157
-83
| -35% | -$2.53M |
|
|
ASNA
1979
DELISTED
Ascena Retail Group, Inc.
ASNA
| $3.87M | ﹤0.01% |
42,369
-48,641
| -53% | -$4.03M |
|
1980
Grupo Aeroportuario Centro Norte
OMAB
$5.14B
| $3.86M | ﹤0.01% |
67,755
-184,474
| -73% | -$9.23M |
|
1981
Anika Therapeutics
ANIK
$215M
| $3.85M | ﹤0.01% |
91,161
+27,326
| +43% | +$1.08M |
|
|
ESIO
1982
DELISTED
Electro Scientific Industries
ESIO
| $3.84M | ﹤0.01% |
220,191
-574,469
| -72% | -$11.2M |
|
|
NETI
1983
DELISTED
Eneti Inc.
NETI
| $3.83M | ﹤0.01% |
56,915
-66,262
| -54% | -$4.32M |
|
1984
Avis
CAR
$5.47B
| $3.83M | ﹤0.01% |
119,285
+99,392
| +500% | +$3.32M |
|
|
QEP
1985
DELISTED
QEP RESOURCES, INC.
QEP
| $3.83M | ﹤0.01% |
337,913
-292,258
| -46% | -$3.15M |
|
1986
Progress Software
PRGS
$1.75B
| $3.82M | ﹤0.01% |
108,363
-551,227
| -84% | -$21.9M |
|
1987
Sterling Infrastructure
STRL
$15.2B
| $3.81M | ﹤0.01% |
265,999
+28,505
| +12% | +$404K |
|
1988
Fortuna Silver Mines
FSM
$2.54B
| $3.8M | ﹤0.01% |
868,920
+154,974
| +22% | +$760K |
|
|
WOW
1989
DELISTED
WideOpenWest
WOW
| $3.8M | ﹤0.01% |
338,591
-297,548
| -47% | -$3.33M |
|
1990
Consolidated Edison
ED
$41.4B
| $3.79M | ﹤0.01% |
49,757
-147,526
| -75% | -$11.6M |
|
1991
OR Royalties Inc
OR
$5.53B
| $3.77M | ﹤0.01% |
497,280
+190,863
| +62% | +$1.63M |
|
1992
Sturm, Ruger & Co
RGR
$603M
| $3.77M | ﹤0.01% |
54,657
-12,976
| -19% | -$785K |
|
|
BREW
1993
DELISTED
Craft Brew Alliance, Inc.
BREW
| $3.77M | ﹤0.01% |
230,325
-52,104
| -18% | -$986K |
|
|
CHAP
1994
DELISTED
Chaparral Energy, Inc.
CHAP
| $3.76M | ﹤0.01% |
+213,571
| New | +$3.83M |
|
|
X
1995
DELISTED
US Steel
X
| $3.75M | ﹤0.01% |
123,053
-1,759,069
| -93% | -$56.7M |
|
1996
Gyre Therapeutics
GYRE
$629M
| $3.75M | ﹤0.01% |
46,378
+17,858
| +63% | +$1.42M |
|
|
WIN
1997
DELISTED
Windstream Holdings Inc
WIN
| $3.75M | ﹤0.01% |
765,141
-421,497
| -36% | -$1.9M |
|
1998
NBT Bancorp
NBTB
$2.82B
| $3.74M | ﹤0.01% |
97,523
-2,298
| -2% | -$91.6K |
|
|
XENT
1999
CALL
DELISTED
Intersect ENT, Inc
XENT
| $3.74M | ﹤0.01% |
130,000
+110,000
| +550% | +$3.3M |
|
2000
Helen of Troy
HELE
$656M
| $3.73M | ﹤0.01% |
28,536
-7,295
| -20% | -$859K |
|
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Millennium Management's Q3 2018 Portfolio in Review
As of Q3 2018, Millennium Management held 4,590 positions worth $81.6B, up 6.4% from $76.7B the previous quarter. Its ten largest holdings account for 10% of the portfolio.
Millennium Management's Q3 2018 filing shows 841 new, 1,291 increased, 1,638 reduced and 748 closed positions. Its largest new stake was Fortive: 27,116,929 shares worth $1.44B. The largest sale was Altaba Inc, an estimated $579M.
By sector, the portfolio is most concentrated in Technology at 13% of assets, up from 12% a quarter earlier, followed by Financials and Healthcare.
- Millennium Management's largest Q3 2018 buy was Fortive: 27,116,929 shares worth $1.44B.
- Millennium Management added most to Andeavor in Q3 2018, an estimated $1B increase.
- Millennium Management's biggest Q3 2018 reduction was Altaba Inc, cutting an estimated $579M.
- Millennium Management fully exited XL Group Ltd. in Q3 2018, selling an estimated $190M.
- Millennium Management's ten largest holdings make up 10% of its $81.6B portfolio in Q3 2018.
- Millennium Management opened 841 new positions and closed 748 in Q3 2018.
- Millennium Management's portfolio value rose 6.4% quarter-over-quarter to $81.6B.
Based on Millennium Management's 13F filing for Q3 2018, filed 14 Nov 2018.