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 |
Boston Scientific
BSX
|
+$240M |
| 2 |
eBay
EBAY
|
+$231M |
| 3 |
PXD
Pioneer Natural Resource Co.
PXD
|
+$216M |
| 4 |
Ameren
AEE
|
+$196M |
| 5 |
Kohl's
KSS
|
+$182M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$552M |
| 2 |
Micron Technology
MU
|
+$425M |
| 3 |
Visa
V
|
+$225M |
| 4 |
Marathon Petroleum
MPC
|
+$225M |
| 5 |
ESRX
Express Scripts Holding Company
ESRX
|
+$218M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 13.6% |
| 2 | Healthcare | 12.02% |
| 3 | Technology | 11.62% |
| 4 | Industrials | 11.19% |
| 5 | Consumer Discretionary | 10.9% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
2426
Safe Bulkers
SB
$810M
| $1.6M | ﹤0.01% |
505,443
+399,141
| +375% | +$1.41M |
|
2427
TriCo Bancshares
TCBK
$1.85B
| $1.6M | ﹤0.01% |
43,030
-37,463
| -47% | -$1.43M |
|
2428
Valhi
VHI
$391M
| $1.6M | ﹤0.01% |
22,013
-11,850
| -35% | -$854K |
|
2429
Extreme Networks
EXTR
$3.9B
| $1.6M | ﹤0.01% |
144,440
-72,563
| -33% | -$916K |
|
|
MEET
2430
DELISTED
The Meet Group, Inc. Common Stock
MEET
| $1.6M | ﹤0.01% |
765,175
-1,706,191
| -69% | -$4.43M |
|
2431
Future Fuel
FF
$218M
| $1.6M | ﹤0.01% |
133,287
+116,078
| +675% | +$1.53M |
|
|
AIZP
2432
DELISTED
Assurant, Inc. 6.50% Series D Mandatory Convertible Preferred Stock, $1.00 par value
AIZP
| $1.6M | ﹤0.01% |
+15,326
| New | +$1.57M |
|
|
XRN
2433
Chiron Real Estate Inc
XRN
$516M
| $1.59M | ﹤0.01% |
45,830
+36,093
| +371% | +$1.34M |
|
|
SCS
2434
DELISTED
Steelcase
SCS
| $1.59M | ﹤0.01% |
116,974
+38,403
| +49% | +$563K |
|
2435
Hain Celestial
HAIN
$44.4M
| $1.58M | ﹤0.01% |
49,258
+36,496
| +286% | +$1.33M |
|
2436
Trustmark
TRMK
$2.77B
| $1.58M | ﹤0.01% |
50,698
+32,322
| +176% | +$1.04M |
|
2437
CALL
Energy Transfer Partners
ET
$69.6B
| $1.58M | ﹤0.01% |
+111,100
| New | +$1.85M |
|
2438
VanEck High Yield Muni ETF
HYD
$4.44B
| $1.58M | ﹤0.01% |
25,480
-4,345
| -15% | -$269K |
|
2439
Johnson Controls International
JCI
$87.2B
| $1.58M | ﹤0.01% |
44,777
+9,226
| +26% | +$350K |
|
|
ONCE
2440
DELISTED
Spark Therapeutics, Inc. Common Stock
ONCE
| $1.58M | ﹤0.01% |
+23,699
| New | +$1.37M |
|
|
TUES
2441
DELISTED
Tuesday Morning Corp
TUES
| $1.57M | ﹤0.01% |
398,474
-212,273
| -35% | -$688K |
|
|
INAP
2442
DELISTED
Internap Corporation
INAP
| $1.57M | ﹤0.01% |
+142,704
| New | +$2M |
|
|
MULE
2443
DELISTED
MuleSoft, Inc.
MULE
| $1.57M | ﹤0.01% |
35,688
-1,109,121
| -97% | -$33M |
|
|
TESS
2444
DELISTED
Tessco Technologies Inc
TESS
| $1.57M | ﹤0.01% |
+67,644
| New | +$1.47M |
|
2445
Gaia
GAIA
$46.8M
| $1.56M | ﹤0.01% |
100,863
+45,207
| +81% | +$594K |
|
2446
Flotek Industries
FTK
$847M
| $1.56M | ﹤0.01% |
42,622
+34,903
| +452% | +$1.22M |
|
2447
Vanguard High Dividend Yield ETF
VYM
$80.9B
| $1.56M | ﹤0.01% |
18,912
+3,774
| +25% | +$324K |
|
|
NWY
2448
DELISTED
New York & Co Inc
NWY
| $1.56M | ﹤0.01% |
460,886
+439,141
| +2,020% | +$1.3M |
|
2449
Assembly Biosciences
ASMB
$516M
| $1.55M | ﹤0.01% |
2,633
-8,506
| -76% | -$5.27M |
|
2450
Innovative Industrial Properties
IIPR
$1.76B
| $1.55M | ﹤0.01% |
+58,014
| New | +$1.6M |
|
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Millennium Management's Q1 2018 Portfolio in Review
As of Q1 2018, Millennium Management held 4,417 positions worth $74.9B, up 3.4% from $72.5B the previous quarter. Its ten largest holdings account for 6.3% of the portfolio.
Millennium Management deployed $3.3B of net new capital in Q1 2018, opening 664 new positions and adding to 1,467 existing holdings. Its largest new stake was Tiffany & Co.: 1,078,847 shares worth $105M.
By sector, the portfolio is most concentrated in Financials at 14% of assets, down from 14% a quarter earlier, followed by Healthcare and Technology.
On the sell side, the largest reduction was State Street SPDR S&P 500 ETF Trust, an estimated $552M trimmed.
- Millennium Management's largest Q1 2018 buy was Tiffany & Co.: 1,078,847 shares worth $105M.
- Millennium Management added most to Boston Scientific in Q1 2018, an estimated $240M increase.
- Millennium Management's biggest Q1 2018 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $552M.
- Millennium Management fully exited Equinix in Q1 2018, selling an estimated $152M.
- Millennium Management's ten largest holdings make up 6.3% of its $74.9B portfolio in Q1 2018.
- Millennium Management opened 664 new positions and closed 833 in Q1 2018.
- Millennium Management's portfolio value rose 3.4% quarter-over-quarter to $74.9B.
Based on Millennium Management's 13F filing for Q1 2018, filed 15 May 2018.