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 |
Walt Disney
DIS
|
+$655M |
| 2 |
Coty
COTY
|
+$380M |
| 3 |
ConocoPhillips
COP
|
+$250M |
| 4 |
Zimmer Biomet
ZBH
|
+$213M |
| 5 |
Valero Energy
VLO
|
+$170M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$523M |
| 2 |
Merck
MRK
|
+$375M |
| 3 |
SHPG
Shire pic
SHPG
|
+$362M |
| 4 |
Alphabet (Google) Class C
GOOG
|
+$310M |
| 5 |
CELG
Celgene Corp
CELG
|
+$286M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 12.54% |
| 2 | Technology | 10.66% |
| 3 | Financials | 10.63% |
| 4 | Consumer Discretionary | 9.38% |
| 5 | Industrials | 7.88% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
2176
Oshkosh
OSK
$8.82B
| $2.76M | ﹤0.01% |
36,692
-370,828
| -91% | -$27.4M |
|
2177
Wolverine World Wide
WWW
$1.68B
| $2.74M | ﹤0.01% |
76,624
+39,322
| +105% | +$1.37M |
|
2178
PUT
Caterpillar
CAT
$361B
| $2.74M | ﹤0.01% |
+20,200
| New | +$2.68M |
|
2179
Commerce Bancshares
CBSH
$8.68B
| $2.74M | ﹤0.01% |
66,332
+60,829
| +1,105% | +$2.6M |
|
2180
SolarEdge
SEDG
$2.37B
| $2.73M | ﹤0.01% |
72,549
-27,627
| -28% | -$1.1M |
|
|
XLRN
2181
DELISTED
Acceleron Pharma
XLRN
| $2.72M | ﹤0.01% |
+58,384
| New | +$2.56M |
|
2182
Booz Allen Hamilton
BAH
$8.44B
| $2.72M | ﹤0.01% |
46,729
-265,397
| -85% | -$13.8M |
|
|
WCG
2183
PUT
DELISTED
Wellcare Health Plans, Inc.
WCG
| $2.7M | ﹤0.01% |
+10,000
| New | +$2.58M |
|
2184
Five Point Holdings
FPH
$387M
| $2.69M | ﹤0.01% |
373,817
-74,324
| -17% | -$559K |
|
2185
CALL
Electronic Arts
EA
$52.7B
| $2.69M | ﹤0.01% |
26,500
+22,200
| +516% | +$2.1M |
|
2186
Movado Group
MOV
$840M
| $2.69M | ﹤0.01% |
+73,974
| New | +$2.48M |
|
2187
Mueller Water Products
MWA
$3.94B
| $2.69M | ﹤0.01% |
267,685
-933,962
| -78% | -$9.39M |
|
2188
Mativ Holdings
MATV
$479M
| $2.68M | ﹤0.01% |
+69,250
| New | +$2.36M |
|
2189
PennantPark Floating Rate Capital
PFLT
$698M
| $2.68M | ﹤0.01% |
208,957
+193,712
| +1,271% | +$2.49M |
|
|
JBTM
2190
JBT Marel
JBTM
$7.35B
| $2.67M | ﹤0.01% |
+29,034
| New | +$2.45M |
|
2191
Quanterix
QTRX
$159M
| $2.66M | ﹤0.01% |
103,149
+35,680
| +53% | +$797K |
|
2192
Virtus Investment Partners
VRTS
$1.12B
| $2.66M | ﹤0.01% |
+27,303
| New | +$2.58M |
|
2193
CALL
LyondellBasell Industries
LYB
$19.5B
| $2.66M | ﹤0.01% |
31,600
-2,300
| -7% | -$199K |
|
2194
Flotek Industries
FTK
$789M
| $2.65M | ﹤0.01% |
136,198
-66,902
| -33% | -$1.09M |
|
2195
Lantheus
LNTH
$6.51B
| $2.65M | ﹤0.01% |
108,113
+4,896
| +5% | +$97.9K |
|
|
HZNP
2196
PUT
DELISTED
Horizon Therapeutics Public Limited Company Ordinary Shares
HZNP
| $2.64M | ﹤0.01% |
100,000
+75,000
| +300% | +$1.78M |
|
2197
CALL
Danaher
DHR
$138B
| $2.64M | ﹤0.01% |
22,560
+5,640
| +33% | +$578K |
|
|
ONC
2198
BeOne Medicines Ltd
ONC
$33.9B
| $2.64M | ﹤0.01% |
19,968
+13,276
| +198% | +$1.79M |
|
2199
Globus Medical
GMED
$11.1B
| $2.63M | ﹤0.01% |
+53,264
| New | +$2.41M |
|
2200
Gates Industrial Corporation Ltd.
GTES
$6.31B
| $2.63M | ﹤0.01% |
183,464
-74,593
| -29% | -$1.13M |
|
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Millennium Management's Q1 2019 Portfolio in Review
As of Q1 2019, Millennium Management held 4,608 positions worth $66.8B, up 4.2% from $64.1B the previous quarter. Its ten largest holdings account for 7.1% of the portfolio.
Millennium Management withdrew a net $6.14B in Q1 2019, closing 675 positions and reducing 1,467 holdings. Its most notable exit was Merck, an estimated $375M position sold in full.
By sector, the portfolio is most concentrated in Healthcare at 13% of assets, down from 13% a quarter earlier, followed by Technology and Financials.
Against the trend, Millennium Management opened a new position in Zimmer Biomet worth $232M.
- Millennium Management's largest Q1 2019 buy was Zimmer Biomet: 1,870,503 shares worth $232M.
- Millennium Management added most to Walt Disney in Q1 2019, an estimated $655M increase.
- Millennium Management's biggest Q1 2019 reduction was Apple, cutting an estimated $523M.
- Millennium Management fully exited Merck in Q1 2019, selling an estimated $375M.
- Millennium Management's ten largest holdings make up 7.1% of its $66.8B portfolio in Q1 2019.
- Millennium Management opened 914 new positions and closed 675 in Q1 2019.
- Millennium Management's portfolio value rose 4.2% quarter-over-quarter to $66.8B.
Based on Millennium Management's 13F filing for Q1 2019, filed 14 May 2019.