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 |
Boston Scientific
BSX
|
+$240M |
| 2 |
eBay
EBAY
|
+$231M |
| 3 |
PXD
Pioneer Natural Resource Co.
PXD
|
+$216M |
| 4 |
Ameren
AEE
|
+$196M |
| 5 |
Kohl's
KSS
|
+$182M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$552M |
| 2 |
Micron Technology
MU
|
+$425M |
| 3 |
Visa
V
|
+$225M |
| 4 |
Marathon Petroleum
MPC
|
+$225M |
| 5 |
ESRX
Express Scripts Holding Company
ESRX
|
+$218M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 13.6% |
| 2 | Healthcare | 12.02% |
| 3 | Technology | 11.62% |
| 4 | Industrials | 11.19% |
| 5 | Consumer Discretionary | 10.9% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
SCTL
2076
DELISTED
Societal CDMO, Inc. Common Stock
SCTL
| $3.06M | ﹤0.01% |
+309,850
| New | +$2.6M |
|
|
AXAS
2077
DELISTED
Abraxas Petroleum Corp
AXAS
| $3.06M | ﹤0.01% |
68,812
+13,531
| +24% | +$631K |
|
2078
Bank of Hawaii
BOH
$3.15B
| $3.05M | ﹤0.01% |
36,756
+22,505
| +158% | +$1.9M |
|
2079
Washington Trust Bancorp
WASH
$743M
| $3.05M | ﹤0.01% |
56,772
+290
| +0.5% | +$15.7K |
|
2080
First Bank
FRBA
$464M
| $3.05M | ﹤0.01% |
211,822
+120,986
| +133% | +$1.7M |
|
2081
Floor & Decor
FND
$6.22B
| $3.05M | ﹤0.01% |
58,469
-27,027
| -32% | -$1.28M |
|
|
CSBK
2082
DELISTED
Clifton Bancorp Inc.
CSBK
| $3.04M | ﹤0.01% |
+194,594
| New | +$3.12M |
|
2083
Gogo Inc
GOGO
$565M
| $3.04M | ﹤0.01% |
352,607
+342,392
| +3,352% | +$3.3M |
|
2084
Onto Innovation
ONTO
$12.9B
| $3.02M | ﹤0.01% |
112,460
+4,230
| +4% | +$113K |
|
2085
First Solar
FSLR
$22.7B
| $3.02M | ﹤0.01% |
42,580
-478,104
| -92% | -$32.5M |
|
|
FENG
2086
Phoenix New Media
FENG
$18.3M
| $3.02M | ﹤0.01% |
115,594
-57,017
| -33% | -$1.99M |
|
2087
Avista
AVA
$3.34B
| $3.02M | ﹤0.01% |
58,821
+16,165
| +38% | +$816K |
|
2088
ScottsMiracle-Gro
SMG
$3.82B
| $3.02M | ﹤0.01% |
35,161
+29,604
| +533% | +$2.82M |
|
2089
Johnson Outdoors
JOUT
$491M
| $3.01M | ﹤0.01% |
48,606
-34,180
| -41% | -$2.18M |
|
|
DEA
2090
Easterly Government Properties
DEA
$1.13B
| $3.01M | ﹤0.01% |
59,033
+19,433
| +49% | +$977K |
|
|
SFUN
2091
DELISTED
Fang Holdings Limited American Depositary Shares (each representing ten Class A Ordinary Shares)
SFUN
| $3.01M | ﹤0.01% |
11,711
+11,235
| +2,360% | +$2.81M |
|
2092
iShares MSCI Mexico ETF
EWW
$1.92B
| $3.01M | ﹤0.01% |
58,380
+28,479
| +95% | +$1.46M |
|
2093
CALL
Abbott
ABT
$183B
| $3M | ﹤0.01% |
50,000
+10,000
| +25% | +$603K |
|
|
LJPC
2094
PUT
DELISTED
La Jolla Pharmaceutical Company
LJPC
| $2.98M | ﹤0.01% |
+100,000
| New | +$3.22M |
|
2095
Methode Electronics
MEI
$496M
| $2.98M | ﹤0.01% |
76,078
+24,245
| +47% | +$983K |
|
2096
Luxfer Holdings
LXFR
$456M
| $2.97M | ﹤0.01% |
231,935
+183,416
| +378% | +$2.61M |
|
2097
Lithia Motors
LAD
$8.47B
| $2.97M | ﹤0.01% |
29,511
-215,955
| -88% | -$24.4M |
|
2098
Mattel
MAT
$4.38B
| $2.96M | ﹤0.01% |
225,447
-359,226
| -61% | -$5.6M |
|
2099
State Street SPDR Nuveen ICE Short Term Municipal Bond ETF
SHM
$3.46B
| $2.96M | ﹤0.01% |
61,900
+284
| +0.5% | +$13.6K |
|
2100
Oaktree Specialty Lending
OCSL
$1.02B
| $2.96M | ﹤0.01% |
234,088
-25,969
| -10% | -$360K |
|
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Millennium Management's Q1 2018 Portfolio in Review
As of Q1 2018, Millennium Management held 4,417 positions worth $74.9B, up 3.4% from $72.5B the previous quarter. Its ten largest holdings account for 6.3% of the portfolio.
Millennium Management deployed $3.3B of net new capital in Q1 2018, opening 664 new positions and adding to 1,467 existing holdings. Its largest new stake was Tiffany & Co.: 1,078,847 shares worth $105M.
By sector, the portfolio is most concentrated in Financials at 14% of assets, down from 14% a quarter earlier, followed by Healthcare and Technology.
On the sell side, the largest reduction was State Street SPDR S&P 500 ETF Trust, an estimated $552M trimmed.
- Millennium Management's largest Q1 2018 buy was Tiffany & Co.: 1,078,847 shares worth $105M.
- Millennium Management added most to Boston Scientific in Q1 2018, an estimated $240M increase.
- Millennium Management's biggest Q1 2018 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $552M.
- Millennium Management fully exited Equinix in Q1 2018, selling an estimated $152M.
- Millennium Management's ten largest holdings make up 6.3% of its $74.9B portfolio in Q1 2018.
- Millennium Management opened 664 new positions and closed 833 in Q1 2018.
- Millennium Management's portfolio value rose 3.4% quarter-over-quarter to $74.9B.
Based on Millennium Management's 13F filing for Q1 2018, filed 15 May 2018.