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 | |
|---|---|---|---|---|---|---|
2376
CALL
TechnipFMC
FTI
$28.6B
| $1.45M | ﹤0.01% |
+99,456
| New | +$1.85M |
|
2377
Otter Tail
OTTR
$3.81B
| $1.45M | ﹤0.01% |
29,120
-9,798
| -25% | -$468K |
|
2378
iShares S&P 500 Value ETF
IVE
$49.1B
| $1.44M | ﹤0.01% |
14,253
+948
| +7% | +$104K |
|
|
BELFB
2379
Bel Fuse Inc Class B
BELFB
$3.45B
| $1.44M | ﹤0.01% |
78,204
+41,071
| +111% | +$927K |
|
|
FTCH
2380
DELISTED
Farfetch Limited Class A Ordinary Shares
FTCH
| $1.44M | ﹤0.01% |
81,338
-13,517
| -14% | -$293K |
|
2381
Arcos Dorados Holdings
ARCO
$1.74B
| $1.44M | ﹤0.01% |
186,982
-261,535
| -58% | -$1.86M |
|
2382
Vornado Realty Trust
VNO
$7.65B
| $1.44M | ﹤0.01% |
23,134
-71,970
| -76% | -$4.93M |
|
2383
Donnelley Financial Solutions
DFIN
$1.28B
| $1.43M | ﹤0.01% |
101,795
-452,676
| -82% | -$7.23M |
|
2384
ProQR Therapeutics
PRQR
$244M
| $1.43M | ﹤0.01% |
+90,498
| New | +$1.66M |
|
|
TARO
2385
DELISTED
Taro Pharmaceutical Industries Ltd.
TARO
| $1.43M | ﹤0.01% |
16,862
+12,186
| +261% | +$1.17M |
|
2386
PUT
Post Holdings
POST
$4.42B
| $1.43M | ﹤0.01% |
24,448
| – | – |
|
2387
RenaissanceRe
RNR
$13.8B
| $1.43M | ﹤0.01% |
10,656
-31,671
| -75% | -$4.14M |
|
2388
Alpha and Omega Semiconductor
AOSL
$829M
| $1.42M | ﹤0.01% |
139,726
-18,852
| -12% | -$194K |
|
2389
Addus HomeCare
ADUS
$2.22B
| $1.41M | ﹤0.01% |
20,816
-76,362
| -79% | -$5.22M |
|
2390
CALL
Madrigal Pharmaceuticals
MDGL
$12.6B
| $1.41M | ﹤0.01% |
12,500
| – | – |
|
2391
Tyler Technologies
TYL
$13.7B
| $1.4M | ﹤0.01% |
7,554
+6,439
| +577% | +$1.27M |
|
2392
Allison Transmission
ALSN
$9.51B
| $1.4M | ﹤0.01% |
31,912
-617,240
| -95% | -$28.6M |
|
2393
V2X
VVX
$2.7B
| $1.4M | ﹤0.01% |
64,877
-85,210
| -57% | -$2.18M |
|
2394
Liberty Media Series C
FWONK
$25.5B
| $1.4M | ﹤0.01% |
+47,098
| New | +$1.46M |
|
|
VRTV
2395
DELISTED
VERITIV CORPORATION
VRTV
| $1.4M | ﹤0.01% |
55,893
+38,725
| +226% | +$1.18M |
|
2396
Invesco S&P 500 Low Volatility ETF
SPLV
$7.24B
| $1.4M | ﹤0.01% |
29,897
-10,153
| -25% | -$492K |
|
2397
PUT
Biogen
BIIB
$30.9B
| $1.38M | ﹤0.01% |
4,600
| – | – |
|
2398
Jefferies Financial Group
JEF
$12.7B
| $1.38M | ﹤0.01% |
89,071
-466,276
| -84% | -$8.54M |
|
2399
First Trust Industrials/Producer Durables AlphaDEX Fund
FXR
$721M
| $1.38M | ﹤0.01% |
+40,396
| New | +$1.52M |
|
2400
iShares MSCI Germany ETF
EWG
$1.56B
| $1.37M | ﹤0.01% |
54,206
-115,987
| -68% | -$3.14M |
|
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.