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 | |
|---|---|---|---|---|---|---|
2301
Cullen/Frost Bankers
CFR
$10.5B
| $1.61M | ﹤0.01% |
+18,366
| New | +$1.79M |
|
2302
Lantheus
LNTH
$6.51B
| $1.61M | ﹤0.01% |
+103,217
| New | +$1.58M |
|
2303
American Superconductor
AMSC
$1.29B
| $1.61M | ﹤0.01% |
144,517
-21,302
| -13% | -$182K |
|
2304
CALL
Golar LNG
GLNG
$4.82B
| $1.61M | ﹤0.01% |
+74,000
| New | +$1.91M |
|
|
SJI
2305
DELISTED
South Jersey Industries, Inc.
SJI
| $1.61M | ﹤0.01% |
57,921
-105,145
| -64% | -$3.33M |
|
2306
iShares MSCI EAFE Small-Cap ETF
SCZ
$13.1B
| $1.61M | ﹤0.01% |
31,005
-7,862
| -20% | -$440K |
|
|
HSKA
2307
DELISTED
Heska Corp
HSKA
| $1.61M | ﹤0.01% |
18,659
+14,326
| +331% | +$1.41M |
|
2308
Byline Bancorp
BY
$1.78B
| $1.61M | ﹤0.01% |
96,392
+64,912
| +206% | +$1.31M |
|
2309
State Street SPDR EURO STOXX 50 ETF
FEZ
$4.29B
| $1.6M | ﹤0.01% |
+48,252
| New | +$1.69M |
|
2310
Chegg
CHGG
$116M
| $1.6M | ﹤0.01% |
56,289
+45,894
| +442% | +$1.24M |
|
2311
Vanguard Growth ETF
VUG
$212B
| $1.6M | ﹤0.01% |
71,412
-38,808
| -35% | -$940K |
|
2312
CALL
Conduent
CNDT
$253M
| $1.59M | ﹤0.01% |
+150,000
| New | +$2.34M |
|
2313
Surgery Partners
SGRY
$2.15B
| $1.59M | ﹤0.01% |
+162,879
| New | +$2.19M |
|
|
AXIA
2314
AXIA Energia
AXIA
$22.9B
| $1.59M | ﹤0.01% |
316,971
+298,891
| +1,653% | +$1.42M |
|
|
PGTI
2315
DELISTED
PGT, Inc.
PGTI
| $1.59M | ﹤0.01% |
100,400
-89,014
| -47% | -$1.72M |
|
|
CRC
2316
DELISTED
California Resources Corporation
CRC
| $1.59M | ﹤0.01% |
93,378
-414,430
| -82% | -$11.8M |
|
2317
HNI Corp
HNI
$3.08B
| $1.59M | ﹤0.01% |
+44,795
| New | +$1.7M |
|
2318
Logitech
LOGI
$14.8B
| $1.58M | ﹤0.01% |
50,620
-79,460
| -61% | -$2.84M |
|
2319
iShares National Muni Bond ETF
MUB
$45.2B
| $1.58M | ﹤0.01% |
14,516
-28,025
| -66% | -$3.02M |
|
2320
Unifirst Corp
UNF
$5.45B
| $1.58M | ﹤0.01% |
11,040
-13,721
| -55% | -$2.05M |
|
2321
iShares MSCI Canada ETF
EWC
$6.12B
| $1.58M | ﹤0.01% |
65,845
+38,179
| +138% | +$1.01M |
|
2322
New Oriental
EDU
$9.32B
| $1.57M | ﹤0.01% |
28,723
-475,825
| -94% | -$27.6M |
|
|
CMBT
2323
CMB.TECH NV
CMBT
$4.52B
| $1.57M | ﹤0.01% |
227,007
-264,464
| -54% | -$2.26M |
|
2324
Strategic Education
STRA
$1.98B
| $1.57M | ﹤0.01% |
13,862
+6,963
| +101% | +$887K |
|
2325
Enterprise Financial Services Corp
EFSC
$2.4B
| $1.57M | ﹤0.01% |
41,676
-37,818
| -48% | -$1.68M |
|
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.