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 | |
|---|---|---|---|---|---|---|
|
RVLP
2026
DELISTED
RVL Pharmaceuticals plc Ordinary Shares
RVLP
| $2.57M | ﹤0.01% |
+331,332
| New | +$2.65M |
|
2027
LivaNova
LIVN
$4.47B
| $2.55M | ﹤0.01% |
27,926
-182,658
| -87% | -$19.6M |
|
2028
Interparfums
IPAR
$4.07B
| $2.54M | ﹤0.01% |
38,789
+34,759
| +863% | +$2.09M |
|
2029
Hudbay
HBM
$9.76B
| $2.54M | ﹤0.01% |
538,118
-535,784
| -50% | -$2.52M |
|
2030
PUT
Johnson & Johnson
JNJ
$640B
| $2.54M | ﹤0.01% |
20,000
-20,000
| -50% | -$2.79M |
|
2031
Gerdau
GGB
$9.54B
| $2.54M | ﹤0.01% |
849,946
+637,583
| +300% | +$2.07M |
|
2032
Mammoth Energy Services
TUSK
$122M
| $2.53M | ﹤0.01% |
140,697
-312,262
| -69% | -$7.67M |
|
2033
CGI
GIB
$15.6B
| $2.52M | ﹤0.01% |
41,181
-20,366
| -33% | -$1.26M |
|
2034
iShares S&P 500 Growth ETF
IVW
$70.5B
| $2.52M | ﹤0.01% |
66,892
+52,880
| +377% | +$2.14M |
|
2035
Avista
AVA
$3.43B
| $2.52M | ﹤0.01% |
59,289
+44,778
| +309% | +$2.22M |
|
2036
FirstService
FSV
$6.55B
| $2.52M | ﹤0.01% |
36,743
+6,451
| +21% | +$482K |
|
|
MRC
2037
DELISTED
MRC Global
MRC
| $2.51M | ﹤0.01% |
205,296
-352,148
| -63% | -$5.57M |
|
|
NEBUU
2038
DELISTED
Nebula Acquisition Corporation Unit
NEBUU
| $2.51M | ﹤0.01% |
250,000
| – | – |
|
2039
Bath & Body Works
BBWI
$3.97B
| $2.51M | ﹤0.01% |
120,908
-622,428
| -84% | -$15.7M |
|
2040
American Water Works
AWK
$27B
| $2.51M | ﹤0.01% |
+27,618
| New | +$2.52M |
|
|
MODN
2041
DELISTED
MODEL N, INC.
MODN
| $2.51M | ﹤0.01% |
189,531
-365,927
| -66% | -$5.28M |
|
|
EBSB
2042
DELISTED
Meridian Bancorp, Inc.
EBSB
| $2.51M | ﹤0.01% |
175,013
-118,345
| -40% | -$1.86M |
|
2043
Turkcell
TKC
$4.7B
| $2.5M | ﹤0.01% |
445,592
+224,565
| +102% | +$1.19M |
|
|
HUYA
2044
Huya Inc
HUYA
$558M
| $2.5M | ﹤0.01% |
161,333
+133,546
| +481% | +$2.48M |
|
|
DISH
2045
CALL
DELISTED
DISH Network Corp.
DISH
| $2.5M | ﹤0.01% |
100,000
-75,000
| -43% | -$2.35M |
|
|
FITB
2046
Fifth Third Bancorp
FITB
$51.3B
| $2.49M | ﹤0.01% |
105,951
-1,363,410
| -93% | -$35.9M |
|
|
PCMI
2047
DELISTED
PCM, Inc
PCMI
| $2.49M | ﹤0.01% |
141,147
-131,027
| -48% | -$2.38M |
|
|
FIT
2048
PUT
DELISTED
Fitbit, Inc. Class A common stock
FIT
| $2.48M | ﹤0.01% |
+500,000
| New | +$2.58M |
|
|
TPC
2049
Tutor Perini Cor
TPC
$4.03B
| $2.48M | ﹤0.01% |
+155,265
| New | +$2.7M |
|
2050
iShares Latin America 40 ETF
ILF
$3.73B
| $2.48M | ﹤0.01% |
80,436
-93,997
| -54% | -$3.02M |
|
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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.