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 | |
|---|---|---|---|---|---|---|
2276
Marchex
MCHX
$78M
| $2.36M | ﹤0.01% |
499,387
+445,658
| +829% | +$1.82M |
|
2277
Archer Daniels Midland
ADM
$38.7B
| $2.36M | ﹤0.01% |
54,638
-2,511,849
| -98% | -$107M |
|
|
HIVE
2278
DELISTED
Aerohive Networks
HIVE
| $2.35M | ﹤0.01% |
519,942
+58,416
| +13% | +$241K |
|
2279
Franco-Nevada
FNV
$41.3B
| $2.35M | ﹤0.01% |
31,365
-162,868
| -84% | -$12.1M |
|
|
ERF
2280
DELISTED
Enerplus Corporation
ERF
| $2.35M | ﹤0.01% |
279,941
-552,219
| -66% | -$4.75M |
|
|
LGF.A
2281
DELISTED
Lions Gate Entertainment Corp. Class A Voting Shares
LGF.A
| $2.35M | ﹤0.01% |
150,407
-132,826
| -47% | -$2.2M |
|
2282
Caesars Entertainment
CZR
$6.06B
| $2.35M | ﹤0.01% |
50,326
-397,757
| -89% | -$18.1M |
|
2283
Hooker Furnishings Corp
HOFT
$147M
| $2.35M | ﹤0.01% |
81,443
-33,596
| -29% | -$987K |
|
|
MNTA
2284
DELISTED
Momenta Pharmaceuticals, Inc.
MNTA
| $2.35M | ﹤0.01% |
161,628
-96,844
| -37% | -$1.24M |
|
2285
Pembina Pipeline
PBA
$29.3B
| $2.35M | ﹤0.01% |
63,824
-16,077
| -20% | -$569K |
|
2286
Exelixis
EXEL
$13.9B
| $2.34M | ﹤0.01% |
98,476
-1,375,849
| -93% | -$31.4M |
|
2287
Camtek
CAMT
$5.92B
| $2.34M | ﹤0.01% |
262,440
+160,291
| +157% | +$1.3M |
|
2288
XBiotech
XBIT
$68.6M
| $2.34M | ﹤0.01% |
212,348
+163,312
| +333% | +$1.32M |
|
2289
PUT
State Street Communication Services Select Sector SPDR ETF
XLC
$22.5B
| $2.34M | ﹤0.01% |
50,000
| – | – |
|
2290
CALL
Encompass Health
EHC
$11.3B
| $2.34M | ﹤0.01% |
+50,280
| New | +$2.55M |
|
2291
NMI Holdings
NMIH
$3.37B
| $2.33M | ﹤0.01% |
90,095
-97,565
| -52% | -$2.23M |
|
|
ONDK
2292
DELISTED
On Deck Capital, Inc.
ONDK
| $2.33M | ﹤0.01% |
430,007
-701,118
| -62% | -$4.44M |
|
|
TACO
2293
DELISTED
Del Taco Restaurants, Inc. Common Stock
TACO
| $2.33M | ﹤0.01% |
231,216
+39,615
| +21% | +$412K |
|
|
AQUA
2294
DELISTED
Evoqua Water Technologies Corp. Common Stock
AQUA
| $2.32M | ﹤0.01% |
+184,558
| New | +$2.2M |
|
|
ETJ
2295
Eaton Vance Risk-Managed Diversified Equity Income Fund
ETJ
$556M
| $2.32M | ﹤0.01% |
252,047
+236,002
| +1,471% | +$2.07M |
|
|
HOLX
2296
DELISTED
Hologic
HOLX
| $2.31M | ﹤0.01% |
47,794
-1,259,233
| -96% | -$56.8M |
|
2297
PUT
Hain Celestial
HAIN
$44.6M
| $2.31M | ﹤0.01% |
+100,000
| New | +$1.93M |
|
2298
Aptiv
APTV
$12.3B
| $2.3M | ﹤0.01% |
28,984
+8,414
| +41% | +$646K |
|
2299
Abercrombie & Fitch
ANF
$4.55B
| $2.29M | ﹤0.01% |
83,641
-143,193
| -63% | -$3.21M |
|
2300
US Bancorp
USB
$97.9B
| $2.29M | ﹤0.01% |
47,589
+32,487
| +215% | +$1.63M |
|
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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.