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 | |
|---|---|---|---|---|---|---|
2351
Prudential
PUK
$38.5B
| $2.1M | ﹤0.01% |
+53,949
| New | +$2.08M |
|
|
AGNT
2352
AGNT Inc
AGNT
$641M
| $2.1M | ﹤0.01% |
386,870
+362,328
| +1,476% | +$1.87M |
|
|
SIVB
2353
DELISTED
SVB Financial Group
SIVB
| $2.09M | ﹤0.01% |
9,416
-133,788
| -93% | -$31.2M |
|
2354
Service Corp International
SCI
$11.8B
| $2.09M | ﹤0.01% |
52,019
-42,963
| -45% | -$1.79M |
|
2355
McCormick & Company Non-Voting
MKC
$13.7B
| $2.09M | ﹤0.01% |
+27,718
| New | +$1.87M |
|
2356
Solid Biosciences
SLDB
$836M
| $2.09M | ﹤0.01% |
+15,134
| New | +$3.79M |
|
|
CUTR
2357
DELISTED
Cutera, Inc.
CUTR
| $2.09M | ﹤0.01% |
118,231
+39,544
| +50% | +$620K |
|
|
CMD
2358
DELISTED
Cantel Medical Corporation
CMD
| $2.08M | ﹤0.01% |
31,098
-166,298
| -84% | -$12.6M |
|
|
FLNT
2359
Fluent
FLNT
$104M
| $2.08M | ﹤0.01% |
61,619
-25,304
| -29% | -$746K |
|
2360
PUT
Yum! Brands
YUM
$43.3B
| $2.08M | ﹤0.01% |
+20,800
| New | +$1.97M |
|
|
RWGE.U
2361
DELISTED
Regalwood Global Energy Ltd. Units, each consisting of one Class A ordinary share and one-third of o
RWGE.U
| $2.07M | ﹤0.01% |
200,000
| – | – |
|
|
LDL
2362
DELISTED
Lydall, Inc.
LDL
| $2.07M | ﹤0.01% |
+88,097
| New | +$2.23M |
|
|
ZVO
2363
DELISTED
Zovio Inc. Common Stock
ZVO
| $2.06M | ﹤0.01% |
337,261
-44,943
| -12% | -$362K |
|
2364
Donaldson
DCI
$10.7B
| $2.06M | ﹤0.01% |
41,055
-13,490
| -25% | -$651K |
|
2365
iShares 0-1 Year Treasury Bond ETF
SHV
$20.8B
| $2.06M | ﹤0.01% |
18,589
-73,475
| -80% | -$8.12M |
|
2366
ZTO Express
ZTO
$18.1B
| $2.06M | ﹤0.01% |
112,409
+29,877
| +36% | +$547K |
|
2367
Accel Entertainment
ACEL
$973M
| $2.05M | ﹤0.01% |
200,000
| – | – |
|
2368
A10 Networks
ATEN
$2.16B
| $2.05M | ﹤0.01% |
288,908
-375,540
| -57% | -$2.55M |
|
2369
Utz Brands
UTZ
$1.25B
| $2.04M | ﹤0.01% |
+205,168
| New | +$2.01M |
|
|
NUVA
2370
PUT
DELISTED
NuVasive, Inc.
NUVA
| $2.04M | ﹤0.01% |
+35,900
| New | +$1.91M |
|
2371
ProShares Ultra Silver
AGQ
$1.2B
| $2.04M | ﹤0.01% |
83,205
-83,959
| -50% | -$2.21M |
|
2372
AMERISAFE
AMSF
$549M
| $2.04M | ﹤0.01% |
+34,252
| New | +$2.03M |
|
2373
Lee Enterprises
LEE
$170M
| $2.04M | ﹤0.01% |
61,654
+57,184
| +1,279% | +$1.63M |
|
2374
Principal Financial Group
PFG
$24.5B
| $2.04M | ﹤0.01% |
40,555
-166,751
| -80% | -$8.26M |
|
|
CUB
2375
DELISTED
Cubic Corporation
CUB
| $2.04M | ﹤0.01% |
+36,185
| New | +$2.14M |
|
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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.