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 | |
|---|---|---|---|---|---|---|
1976
Vericel Corp
VCEL
$2.38B
| $2.81M | ﹤0.01% |
161,559
-133,388
| -45% | -$2M |
|
|
ZIXI
1977
DELISTED
Zix Corporation
ZIXI
| $2.81M | ﹤0.01% |
489,609
+289,437
| +145% | +$1.73M |
|
1978
Amphastar Pharmaceuticals
AMPH
$907M
| $2.8M | ﹤0.01% |
140,507
+56,001
| +66% | +$1.1M |
|
|
ELP
1979
DELISTED
Companhia Paranaense de Energia (COPEL)
ELP
| $2.79M | ﹤0.01% |
890,070
+10,005
| +1% | +$29.6K |
|
1980
FTI Consulting
FCN
$5.14B
| $2.78M | ﹤0.01% |
41,708
-99,743
| -71% | -$6.7M |
|
1981
Melco Resorts & Entertainment
MLCO
$2.21B
| $2.78M | ﹤0.01% |
157,590
+140,717
| +834% | +$2.51M |
|
1982
Trade Desk
TTD
$8.97B
| $2.77M | ﹤0.01% |
+238,930
| New | +$2.99M |
|
1983
PUT
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$15.9B
| $2.77M | ﹤0.01% |
34,100
-4,666,000
| -99% | -$391M |
|
|
BEAT
1984
DELISTED
BioTelemetry, Inc.
BEAT
| $2.76M | ﹤0.01% |
46,265
-92,491
| -67% | -$5.55M |
|
|
PVG
1985
DELISTED
PRETIUM RESOURCES INC.
PVG
| $2.76M | ﹤0.01% |
326,098
+299,239
| +1,114% | +$2.34M |
|
1986
NETSCOUT
NTCT
$2.83B
| $2.74M | ﹤0.01% |
116,129
-66,956
| -37% | -$1.69M |
|
1987
PUT
Boeing
BA
$169B
| $2.74M | ﹤0.01% |
+8,500
| New | +$2.94M |
|
1988
ONE Gas
OGS
$5.01B
| $2.74M | ﹤0.01% |
34,380
-28,250
| -45% | -$2.33M |
|
|
ARD
1989
DELISTED
Ardagh Group S.A. Class A Common Shares
ARD
| $2.74M | ﹤0.01% |
246,902
+96,314
| +64% | +$1.29M |
|
1990
iShares Floating Rate Bond ETF
FLOT
$10.2B
| $2.73M | ﹤0.01% |
54,307
-45,482
| -46% | -$2.31M |
|
1991
Encore Capital Group
ECPG
$2.01B
| $2.73M | ﹤0.01% |
116,045
-281,100
| -71% | -$7.55M |
|
1992
Community Bank
CBU
$3.39B
| $2.72M | ﹤0.01% |
46,648
+38,061
| +443% | +$2.3M |
|
1993
QCR Holdings
QCRH
$1.68B
| $2.72M | ﹤0.01% |
84,629
+19,598
| +30% | +$707K |
|
1994
Quad
QUAD
$479M
| $2.71M | ﹤0.01% |
220,012
+143,403
| +187% | +$2.31M |
|
1995
Moderna
MRNA
$21.6B
| $2.71M | ﹤0.01% |
+177,240
| New | +$2.91M |
|
|
TIVO
1996
DELISTED
Tivo Inc
TIVO
| $2.71M | ﹤0.01% |
287,487
-223,245
| -44% | -$2.41M |
|
1997
Korn Ferry
KFY
$4.31B
| $2.7M | ﹤0.01% |
68,387
+7,350
| +12% | +$331K |
|
1998
Seaboard Corp
SEB
$4.39B
| $2.69M | ﹤0.01% |
761
-478
| -39% | -$1.76M |
|
|
SP
1999
DELISTED
SP Plus Corporation
SP
| $2.68M | ﹤0.01% |
+90,835
| New | +$2.82M |
|
2000
Boston Beer
SAM
$1.95B
| $2.68M | ﹤0.01% |
11,135
+7,948
| +249% | +$2.22M |
|
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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.