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 | |
|---|---|---|---|---|---|---|
|
ZVO
2001
DELISTED
Zovio Inc. Common Stock
ZVO
| $2.68M | ﹤0.01% |
382,204
-627,661
| -62% | -$5.36M |
|
|
BRSL
2002
CALL
Brightstar Lottery PLC
BRSL
$1.9B
| $2.68M | ﹤0.01% |
183,000
-726,500
| -80% | -$12M |
|
|
MBFI
2003
DELISTED
MB Financial Corp
MBFI
| $2.68M | ﹤0.01% |
+67,553
| New | +$2.94M |
|
|
JOYY
2004
JOYY Inc
JOYY
$3.73B
| $2.67M | ﹤0.01% |
44,692
+20,906
| +88% | +$1.36M |
|
2005
PUT
Corcept Therapeutics
CORT
$9.98B
| $2.67M | ﹤0.01% |
200,000
| – | – |
|
|
CMCM
2006
Cheetah Mobile
CMCM
$87.2M
| $2.66M | ﹤0.01% |
87,061
+74,547
| +596% | +$2.95M |
|
|
UROV
2007
DELISTED
Urovant Sciences Ltd.
UROV
| $2.66M | ﹤0.01% |
403,650
-91,114
| -18% | -$829K |
|
|
AVLR
2008
DELISTED
Avalara, Inc.
AVLR
| $2.66M | ﹤0.01% |
85,266
+64,819
| +317% | +$2.09M |
|
2009
VanEck Junior Gold Miners ETF
GDXJ
$6.86B
| $2.65M | ﹤0.01% |
+87,816
| New | +$2.47M |
|
2010
PUT
Seagate
STX
$173B
| $2.65M | ﹤0.01% |
68,600
-104,500
| -60% | -$4.4M |
|
2011
CEVA Inc
CEVA
$831M
| $2.63M | ﹤0.01% |
119,152
+112,170
| +1,607% | +$2.81M |
|
|
EPAY
2012
DELISTED
Bottomline Technologies Inc
EPAY
| $2.63M | ﹤0.01% |
54,771
-62,234
| -53% | -$3.6M |
|
2013
APA Corp
APA
$13B
| $2.63M | ﹤0.01% |
100,113
+11,141
| +13% | +$411K |
|
2014
InflaRx
IFRX
$243M
| $2.62M | ﹤0.01% |
72,153
+11,080
| +18% | +$341K |
|
2015
ICICI Bank
IBN
$107B
| $2.62M | ﹤0.01% |
254,583
+157,850
| +163% | +$1.49M |
|
2016
White Mountains Insurance
WTM
$5.33B
| $2.62M | ﹤0.01% |
3,050
-928
| -23% | -$827K |
|
|
COHR
2017
DELISTED
Coherent Inc
COHR
| $2.61M | ﹤0.01% |
+24,659
| New | +$3.17M |
|
2018
NetApp
NTAP
$33.9B
| $2.61M | ﹤0.01% |
43,680
-481,399
| -92% | -$34.6M |
|
|
MDCO
2019
DELISTED
Medicines Co
MDCO
| $2.6M | ﹤0.01% |
136,106
+120,523
| +773% | +$2.8M |
|
2020
Impinj
PI
$4.24B
| $2.6M | ﹤0.01% |
178,931
-81,043
| -31% | -$1.59M |
|
2021
Malibu Boats
MBUU
$548M
| $2.6M | ﹤0.01% |
74,784
-50,161
| -40% | -$2.2M |
|
2022
iShares Russell 2000 Value ETF
IWN
$14.3B
| $2.6M | ﹤0.01% |
24,153
+5,100
| +27% | +$614K |
|
|
MTOR
2023
DELISTED
MERITOR, Inc.
MTOR
| $2.59M | ﹤0.01% |
153,397
-714,628
| -82% | -$12.2M |
|
|
CIM
2024
Chimera Investment
CIM
$1.06B
| $2.58M | ﹤0.01% |
48,351
+17,419
| +56% | +$953K |
|
|
SHOE
2025
Shoe Station Group
SHOE
$424M
| $2.58M | ﹤0.01% |
154,006
-332,678
| -68% | -$6.17M |
|
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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.