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 |
Walt Disney
DIS
|
+$655M |
| 2 |
Coty
COTY
|
+$380M |
| 3 |
ConocoPhillips
COP
|
+$250M |
| 4 |
Zimmer Biomet
ZBH
|
+$213M |
| 5 |
Valero Energy
VLO
|
+$170M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$523M |
| 2 |
Merck
MRK
|
+$375M |
| 3 |
SHPG
Shire pic
SHPG
|
+$362M |
| 4 |
Alphabet (Google) Class C
GOOG
|
+$310M |
| 5 |
CELG
Celgene Corp
CELG
|
+$286M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 12.54% |
| 2 | Technology | 10.66% |
| 3 | Financials | 10.63% |
| 4 | Consumer Discretionary | 9.38% |
| 5 | Industrials | 7.88% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
BFX
1976
DELISTED
BowFlex Inc.
BFX
| $3.53M | 0.01% |
635,360
+214,325
| +51% | +$1.66M |
|
|
DOO
1977
Bombardier Recreational Products
DOO
$4.48B
| $3.53M | 0.01% |
127,242
-8,025
| -6% | -$229K |
|
|
MRT
1978
DELISTED
MedEquities Realty Trust, Inc.
MRT
| $3.52M | 0.01% |
+316,398
| New | +$3.42M |
|
1979
CALL
Dell
DELL
$239B
| $3.52M | 0.01% |
+118,380
| New | +$3.12M |
|
|
CBL
1980
DELISTED
CBL& Associates Properties, Inc.
CBL
| $3.52M | 0.01% |
+2,270,274
| New | +$4.84M |
|
1981
Regis Corp
RGS
$68.4M
| $3.51M | 0.01% |
8,927
+6,149
| +221% | +$2.28M |
|
|
MCHB
1982
Mechanics Bancorp
MCHB
$3.65B
| $3.51M | 0.01% |
133,143
+111,929
| +528% | +$2.91M |
|
|
AEPPL
1983
DELISTED
American Electric Power Company, Inc. Corporate Unit
AEPPL
| $3.51M | 0.01% |
+68,544
| New | +$3.53M |
|
|
BID
1984
DELISTED
Sotheby's
BID
| $3.51M | 0.01% |
92,888
+47,408
| +104% | +$1.9M |
|
1985
Silicon Laboratories
SLAB
$7.14B
| $3.5M | 0.01% |
43,269
+30,853
| +248% | +$2.57M |
|
1986
SiriusPoint
SPNT
$3.03B
| $3.49M | 0.01% |
336,311
+241,868
| +256% | +$2.57M |
|
1987
Aldeyra Therapeutics
ALDX
$97.1M
| $3.49M | 0.01% |
386,433
-271,543
| -41% | -$2.31M |
|
1988
State Street Consumer Staples Select Sector SPDR ETF
XLP
$14.6B
| $3.48M | 0.01% |
62,095
-45,853
| -42% | -$2.45M |
|
|
Y
1989
DELISTED
Alleghany Corp
Y
| $3.47M | 0.01% |
5,672
+5,264
| +1,290% | +$3.29M |
|
|
IMGN
1990
DELISTED
Immunogen Inc
IMGN
| $3.47M | 0.01% |
1,281,176
-3,108,084
| -71% | -$13.5M |
|
1991
Medtronic
MDT
$112B
| $3.47M | 0.01% |
38,081
-1,705,702
| -98% | -$153M |
|
1992
Nordson
NDSN
$16.4B
| $3.47M | 0.01% |
26,168
-203,717
| -89% | -$26.6M |
|
|
EB
1993
DELISTED
Eventbrite
EB
| $3.46M | 0.01% |
180,706
+161,201
| +826% | +$4.55M |
|
1994
CALL
Southwest Airlines
LUV
$21.7B
| $3.46M | 0.01% |
+66,600
| New | +$3.51M |
|
1995
M&T Bank
MTB
$36.3B
| $3.46M | 0.01% |
22,004
-566,049
| -96% | -$92.9M |
|
|
MYOV
1996
DELISTED
Myovant Sciences Ltd.
MYOV
| $3.46M | 0.01% |
144,761
+99,487
| +220% | +$2.03M |
|
1997
Telkom Indonesia
TLK
$14.2B
| $3.45M | 0.01% |
125,718
+117,461
| +1,423% | +$3.2M |
|
|
AIFU
1998
AIFU Inc
AIFU
$193M
| $3.45M | 0.01% |
328
+270
| +466% | +$2.67M |
|
1999
CorVel
CRVL
$3.18B
| $3.45M | 0.01% |
158,448
+13,194
| +9% | +$282K |
|
2000
American Public Education
APEI
$940M
| $3.44M | 0.01% |
114,332
-38,138
| -25% | -$1.18M |
|
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Millennium Management's Q1 2019 Portfolio in Review
As of Q1 2019, Millennium Management held 4,608 positions worth $66.8B, up 4.2% from $64.1B the previous quarter. Its ten largest holdings account for 7.1% of the portfolio.
Millennium Management withdrew a net $6.14B in Q1 2019, closing 675 positions and reducing 1,467 holdings. Its most notable exit was Merck, an estimated $375M position sold in full.
By sector, the portfolio is most concentrated in Healthcare at 13% of assets, down from 13% a quarter earlier, followed by Technology and Financials.
Against the trend, Millennium Management opened a new position in Zimmer Biomet worth $232M.
- Millennium Management's largest Q1 2019 buy was Zimmer Biomet: 1,870,503 shares worth $232M.
- Millennium Management added most to Walt Disney in Q1 2019, an estimated $655M increase.
- Millennium Management's biggest Q1 2019 reduction was Apple, cutting an estimated $523M.
- Millennium Management fully exited Merck in Q1 2019, selling an estimated $375M.
- Millennium Management's ten largest holdings make up 7.1% of its $66.8B portfolio in Q1 2019.
- Millennium Management opened 914 new positions and closed 675 in Q1 2019.
- Millennium Management's portfolio value rose 4.2% quarter-over-quarter to $66.8B.
Based on Millennium Management's 13F filing for Q1 2019, filed 14 May 2019.