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 | |
|---|---|---|---|---|---|---|
|
SPNE
2076
DELISTED
SeaSpine Holdings Corporation Common Stock
SPNE
| $2.39M | ﹤0.01% |
130,808
+114,447
| +700% | +$1.93M |
|
2077
Titan Machinery
TITN
$420M
| $2.38M | ﹤0.01% |
181,343
+37,691
| +26% | +$561K |
|
2078
Mettler-Toledo International
MTD
$28.1B
| $2.38M | ﹤0.01% |
4,212
+2,052
| +95% | +$1.19M |
|
2079
Freshpet
FRPT
$3.04B
| $2.38M | ﹤0.01% |
+73,959
| New | +$2.57M |
|
2080
Pembina Pipeline
PBA
$29.3B
| $2.37M | ﹤0.01% |
79,901
-299,185
| -79% | -$9.92M |
|
2081
Sunstone Hotel Investors
SHO
$2.19B
| $2.37M | ﹤0.01% |
182,056
+119,996
| +193% | +$1.77M |
|
2082
Donaldson
DCI
$10.7B
| $2.37M | ﹤0.01% |
54,545
-225,299
| -81% | -$11.6M |
|
2083
CALL
Henry Schein
HSIC
$9.78B
| $2.36M | ﹤0.01% |
38,250
+25,500
| +200% | +$1.68M |
|
|
VBTX
2084
DELISTED
Veritex Holdings
VBTX
| $2.35M | ﹤0.01% |
110,005
-302,407
| -73% | -$7.39M |
|
|
FPF
2085
First Trust Intermediate Duration Preferred & Income Fund
FPF
$1.07B
| $2.34M | ﹤0.01% |
118,301
+94,401
| +395% | +$1.89M |
|
2086
Main Street Capital
MAIN
$5.05B
| $2.34M | ﹤0.01% |
69,260
+5,186
| +8% | +$193K |
|
2087
IQVIA
IQV
$40.7B
| $2.34M | ﹤0.01% |
20,129
-44,903
| -69% | -$5.44M |
|
2088
CALL
Universal Health Services
UHS
$10.2B
| $2.33M | ﹤0.01% |
+20,000
| New | +$2.51M |
|
|
WFT
2089
DELISTED
Weatherford International plc
WFT
| $2.33M | ﹤0.01% |
4,167,085
-17,307,562
| -81% | -$22.6M |
|
|
MRSH
2090
Marsh
MRSH
$94.3B
| $2.33M | ﹤0.01% |
29,163
+22,677
| +350% | +$1.89M |
|
2091
Vanguard FTSE Emerging Markets ETF
VWO
$117B
| $2.32M | ﹤0.01% |
60,962
+32,278
| +113% | +$1.25M |
|
2092
Gyre Therapeutics
GYRE
$629M
| $2.31M | ﹤0.01% |
39,045
-7,333
| -16% | -$541K |
|
2093
iShares 7-10 Year Treasury Bond ETF
IEF
$47.2B
| $2.31M | ﹤0.01% |
+22,178
| New | +$2.25M |
|
|
PGNX
2094
DELISTED
Progenics Pharmaceuticals Inc
PGNX
| $2.31M | ﹤0.01% |
+548,953
| New | +$2.8M |
|
2095
Dine Brands
DIN
$462M
| $2.31M | ﹤0.01% |
34,222
-101,422
| -75% | -$8.39M |
|
2096
Mercury Systems
MRCY
$5.41B
| $2.3M | ﹤0.01% |
48,681
+43,711
| +879% | +$2.13M |
|
2097
PUT
Edwards Lifesciences
EW
$49.4B
| $2.3M | ﹤0.01% |
45,000
-540,000
| -92% | -$27.3M |
|
2098
PUT
ICU Medical
ICUI
$4.16B
| $2.3M | ﹤0.01% |
10,000
-5,000
| -33% | -$1.23M |
|
2099
iShares MBS ETF
MBB
$39.1B
| $2.3M | ﹤0.01% |
+21,939
| New | +$2.26M |
|
|
VIOT
2100
Viomi Technology
VIOT
$52.1M
| $2.29M | ﹤0.01% |
294,166
-143,453
| -33% | -$1.22M |
|
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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.