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 | |
|---|---|---|---|---|---|---|
2451
Strategy Inc
MSTR
$35.7B
| $1.82M | ﹤0.01% |
126,380
+89,870
| +246% | +$1.24M |
|
2452
HUTCHMED
HCM
$1.85B
| $1.82M | ﹤0.01% |
+59,407
| New | +$1.48M |
|
2453
Scholastic
SCHL
$789M
| $1.81M | ﹤0.01% |
+45,644
| New | +$1.88M |
|
2454
PUT
JPMorgan Chase
JPM
$933B
| $1.81M | ﹤0.01% |
+17,900
| New | +$1.84M |
|
|
SYNH
2455
CALL
DELISTED
Syneos Health, Inc. Class A Common Stock
SYNH
| $1.81M | ﹤0.01% |
+35,000
| New | +$1.7M |
|
2456
CALL
Oneok
OKE
$56.1B
| $1.81M | ﹤0.01% |
+25,900
| New | +$1.68M |
|
2457
Vera Bradley
VRA
$99.2M
| $1.81M | ﹤0.01% |
136,477
-644,713
| -83% | -$6.59M |
|
2458
Banc of California
BANC
$2.91B
| $1.81M | ﹤0.01% |
130,567
+87,042
| +200% | +$1.3M |
|
2459
iShares MSCI ACWI ex US ETF
ACWX
$11.5B
| $1.8M | ﹤0.01% |
+39,017
| New | +$1.76M |
|
2460
CALL
Henry Schein
HSIC
$9.7B
| $1.8M | ﹤0.01% |
30,000
-8,250
| -22% | -$498K |
|
|
TEI
2461
Templeton Emerging Markets Income Fund
TEI
$314M
| $1.8M | ﹤0.01% |
175,648
-162,914
| -48% | -$1.67M |
|
2462
British American Tobacco
BTI
$133B
| $1.79M | ﹤0.01% |
+42,899
| New | +$1.56M |
|
2463
iShares MSCI ACWI ETF
ACWI
$32.7B
| $1.79M | ﹤0.01% |
+24,748
| New | +$1.72M |
|
2464
Origin Bancorp
OBK
$1.69B
| $1.79M | ﹤0.01% |
52,448
+44,248
| +540% | +$1.54M |
|
|
HOME
2465
CALL
DELISTED
At Home Group Inc.
HOME
| $1.79M | ﹤0.01% |
+100,000
| New | +$2.22M |
|
2466
Magnachip Semiconductor
MX
$116M
| $1.78M | ﹤0.01% |
241,265
-270,686
| -53% | -$1.92M |
|
2467
Cincinnati Financial
CINF
$26.8B
| $1.78M | ﹤0.01% |
20,766
-4,612
| -18% | -$381K |
|
2468
DHT Holdings
DHT
$2.99B
| $1.78M | ﹤0.01% |
+399,629
| New | +$1.71M |
|
|
TEN
2469
DELISTED
Tenneco Inc. Class A Voting Common Stock
TEN
| $1.78M | ﹤0.01% |
80,280
-54,655
| -41% | -$1.72M |
|
|
ARE.PRD
2470
DELISTED
Alexandria Real Estate Equities Inc 7.00% Series D Preferred Stock
ARE.PRD
| $1.78M | ﹤0.01% |
46,941
+314
| +0.7% | +$11.4K |
|
|
AGEN
2471
Agenus
AGEN
$329M
| $1.77M | ﹤0.01% |
30,322
-21,718
| -42% | -$1.35M |
|
2472
Harmony Gold Mining
HMY
$10.1B
| $1.77M | ﹤0.01% |
930,197
-1,296,216
| -58% | -$2.54M |
|
2473
CALL
Waters Corp
WAT
$37.3B
| $1.76M | ﹤0.01% |
7,000
+5,000
| +250% | +$1.14M |
|
|
SHYF
2474
DELISTED
The Shyft Group
SHYF
| $1.76M | ﹤0.01% |
199,216
-229,153
| -53% | -$1.96M |
|
2475
PUT
Gentex
GNTX
$5.03B
| $1.76M | ﹤0.01% |
85,000
| – | – |
|
Similar funds
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.