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 | |
|---|---|---|---|---|---|---|
2151
Lattice Semiconductor
LSCC
$16B
| $2.01M | ﹤0.01% |
290,732
-1,784,787
| -86% | -$12M |
|
|
SNR
2152
DELISTED
NEW SENIOR INVESTMENT GROUP INC.
SNR
| $2.01M | ﹤0.01% |
488,266
+414,677
| +564% | +$2.18M |
|
|
HI
2153
DELISTED
Hillenbrand
HI
| $2.01M | ﹤0.01% |
53,014
+22,665
| +75% | +$1.04M |
|
2154
Pinduoduo
PDD
$126B
| $2.01M | ﹤0.01% |
89,460
+73,453
| +459% | +$1.55M |
|
2155
iShares MSCI USA Momentum Factor ETF
MTUM
$23.6B
| $2M | ﹤0.01% |
+20,000
| New | +$2.14M |
|
2156
Regional Management Corp
RM
$390M
| $2M | ﹤0.01% |
83,297
+25,687
| +45% | +$697K |
|
2157
Accel Entertainment
ACEL
$1B
| $2M | ﹤0.01% |
200,000
| – | – |
|
|
OPLN
2158
Openlane
OPLN
$4.28B
| $2M | ﹤0.01% |
110,528
-22,404
| -17% | -$465K |
|
2159
Tenable Holdings
TENB
$3.47B
| $2M | ﹤0.01% |
+89,931
| New | +$2.55M |
|
2160
Protolabs
PRLB
$1.7B
| $2M | ﹤0.01% |
+17,690
| New | +$2.18M |
|
2161
MGE Energy Inc
MGEE
$3.03B
| $1.99M | ﹤0.01% |
+33,167
| New | +$2.11M |
|
2162
CALL
Wynn Resorts
WYNN
$10.3B
| $1.99M | ﹤0.01% |
20,100
+100
| +0.5% | +$10.8K |
|
2163
CALL
Williams Companies
WMB
$85.8B
| $1.99M | ﹤0.01% |
+90,000
| New | +$2.25M |
|
|
INOV
2164
CALL
DELISTED
Inovalon Holdings, Inc. Class A Common Stock
INOV
| $1.99M | ﹤0.01% |
+140,000
| New | +$1.6M |
|
2165
Mistras Group
MG
$477M
| $1.98M | ﹤0.01% |
137,822
-61,640
| -31% | -$1.08M |
|
2166
New Mountain Finance
NMFC
$654M
| $1.98M | ﹤0.01% |
157,484
+23,210
| +17% | +$307K |
|
|
EXK
2167
Endeavour Silver
EXK
$2.24B
| $1.98M | ﹤0.01% |
+919,661
| New | +$1.93M |
|
|
EGOV
2168
DELISTED
NIC Inc
EGOV
| $1.98M | ﹤0.01% |
158,346
-711,446
| -82% | -$9.49M |
|
2169
PUT
Baxter International
BAX
$12.8B
| $1.98M | ﹤0.01% |
30,000
-120,000
| -80% | -$8.06M |
|
|
VCRA
2170
PUT
DELISTED
VOCERA COMMUNICATIONS, INC.
VCRA
| $1.97M | ﹤0.01% |
+50,000
| New | +$1.81M |
|
2171
Cincinnati Financial
CINF
$27.8B
| $1.97M | ﹤0.01% |
+25,378
| New | +$1.97M |
|
|
LBAI
2172
DELISTED
Lakeland Bancorp Inc
LBAI
| $1.94M | ﹤0.01% |
131,184
+7,703
| +6% | +$124K |
|
2173
CALL
Jack in the Box
JACK
$314M
| $1.94M | ﹤0.01% |
+25,000
| New | +$2.03M |
|
|
ORC
2174
Orchid Island Capital
ORC
$1.31B
| $1.94M | ﹤0.01% |
60,766
+56,248
| +1,245% | +$1.87M |
|
2175
Neogen
NEOG
$2.05B
| $1.94M | ﹤0.01% |
67,970
+45,692
| +205% | +$1.43M |
|
Similar funds
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.