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 | |
|---|---|---|---|---|---|---|
|
LFC
2026
DELISTED
China Life Insurance Company Ltd.
LFC
| $3.58M | ﹤0.01% |
314,506
-575,700
| -65% | -$6.85M |
|
|
MTEM
2027
DELISTED
Molecular Templates, Inc.
MTEM
| $3.58M | ﹤0.01% |
44,266
+41,133
| +1,313% | +$3.15M |
|
2028
AngioDynamics
ANGO
$605M
| $3.56M | ﹤0.01% |
+163,507
| New | +$3.63M |
|
2029
Origin Bancorp
OBK
$1.7B
| $3.55M | ﹤0.01% |
94,322
+46,151
| +96% | +$1.84M |
|
2030
DigitalBridge
DBRG
$2.92B
| $3.54M | ﹤0.01% |
145,513
-42,072
| -22% | -$1.03M |
|
2031
POSCO
PKX
$14.7B
| $3.53M | ﹤0.01% |
53,552
-140,264
| -72% | -$9.81M |
|
2032
McDonald's
MCD
$193B
| $3.53M | ﹤0.01% |
21,099
-753,814
| -97% | -$121M |
|
2033
Adicet Bio
ACET
$77.6M
| $3.52M | ﹤0.01% |
+2,076
| New | +$2.71M |
|
2034
CALL
Acadia Healthcare
ACHC
$2.52B
| $3.52M | ﹤0.01% |
+100,000
| New | +$3.98M |
|
2035
Assured Guaranty
AGO
$3.73B
| $3.52M | ﹤0.01% |
83,308
+25,989
| +45% | +$1.03M |
|
|
TUP
2036
DELISTED
Tupperware Brands Corporation
TUP
| $3.51M | ﹤0.01% |
104,883
-117,322
| -53% | -$4.19M |
|
2037
Adtran
ADTN
$675M
| $3.51M | ﹤0.01% |
198,681
+178,586
| +889% | +$2.98M |
|
|
PDCE
2038
DELISTED
PDC Energy, Inc.
PDCE
| $3.51M | ﹤0.01% |
71,611
-11,225
| -14% | -$622K |
|
2039
TTEC Holdings
TTEC
$124M
| $3.48M | ﹤0.01% |
134,551
+65,156
| +94% | +$1.9M |
|
2040
Rocket Pharmaceuticals
RCKT
$343M
| $3.48M | ﹤0.01% |
141,503
+48,341
| +52% | +$1.05M |
|
2041
Huntington Bancshares
HBAN
$34B
| $3.48M | ﹤0.01% |
233,380
-1,348,365
| -85% | -$21.1M |
|
|
NGHC
2042
DELISTED
National General Holdings Corp
NGHC
| $3.48M | ﹤0.01% |
129,717
-58,988
| -31% | -$1.6M |
|
2043
WesBanco
WSBC
$4.02B
| $3.46M | ﹤0.01% |
77,728
+36,277
| +88% | +$1.74M |
|
|
ROIC
2044
DELISTED
Retail Opportunity Investments Corp.
ROIC
| $3.46M | ﹤0.01% |
+185,236
| New | +$3.54M |
|
2045
Q2 Holdings
QTWO
$3.78B
| $3.45M | ﹤0.01% |
57,033
+41,821
| +275% | +$2.58M |
|
|
THS
2046
DELISTED
Treehouse Foods
THS
| $3.45M | ﹤0.01% |
72,142
-292,806
| -80% | -$15M |
|
|
VRTU
2047
DELISTED
Virtusa Corporation
VRTU
| $3.45M | ﹤0.01% |
64,212
-315,291
| -83% | -$17.1M |
|
2048
CALL
Avanos Medical
AVNS
| $3.42M | ﹤0.01% |
50,000
| – | – |
|
|
EIGI
2049
DELISTED
Endurance International Group Holdings, Inc.
EIGI
| $3.42M | ﹤0.01% |
389,192
-385,930
| -50% | -$3.67M |
|
2050
PUT
Eastman Chemical
EMN
$7.69B
| $3.42M | ﹤0.01% |
35,700
+2,300
| +7% | +$228K |
|
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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.