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 |
L3Harris
LHX
|
+$282M |
| 2 |
Ameren
AEE
|
+$239M |
| 3 |
Restaurant Brands International
QSR
|
+$192M |
| 4 |
Lowe's Companies
LOW
|
+$190M |
| 5 |
Las Vegas Sands
LVS
|
+$164M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
LyondellBasell Industries
LYB
|
+$441M |
| 2 |
WP
Worldpay, Inc.
WP
|
+$429M |
| 3 |
LLL
L3 Technologies, Inc.
LLL
|
+$412M |
| 4 |
RHT
Red Hat Inc
RHT
|
+$399M |
| 5 |
APC
Anadarko Petroleum
APC
|
+$304M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 10.82% |
| 2 | Financials | 10.34% |
| 3 | Technology | 9.47% |
| 4 | Consumer Discretionary | 8.69% |
| 5 | Industrials | 8.57% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
226
Automatic Data Processing
ADP
$100B
| $63.8M | 0.1% |
395,060
-85,599
| -18% | -$14.1M |
|
227
SBA Communications
SBAC
$18.4B
| $62.6M | 0.1% |
259,476
-179,217
| -41% | -$44.3M |
|
228
Trane Technologies
TT
$106B
| $62.5M | 0.1% |
507,499
-330,108
| -39% | -$40.3M |
|
229
PUT
Wells Fargo
WFC
$261B
| $62.4M | 0.1% |
1,236,600
+1,213,200
| +5,185% | +$57.2M |
|
230
American Tower
AMT
$77.7B
| $62.3M | 0.1% |
281,711
+174,919
| +164% | +$38.2M |
|
231
CALL
Broadcom
AVGO
$1.82T
| $62.3M | 0.1% |
2,256,000
+404,000
| +22% | +$11.5M |
|
232
CALL
Booking.com
BKNG
$138B
| $61.8M | 0.1% |
787,500
+345,000
| +78% | +$26.7M |
|
233
Portland General Electric
POR
$6.02B
| $61.5M | 0.1% |
1,090,229
+867,938
| +390% | +$48.3M |
|
234
CALL
Visa
V
$677B
| $61M | 0.1% |
+354,800
| New | +$63.2M |
|
235
Paychex
PAYX
$40.4B
| $60.7M | 0.1% |
733,222
+377,750
| +106% | +$31.4M |
|
236
Brown & Brown
BRO
$22.9B
| $60.5M | 0.1% |
1,676,432
+1,408,970
| +527% | +$50.4M |
|
237
Elevance Health
ELV
$81.9B
| $60.3M | 0.1% |
+251,339
| New | +$68.9M |
|
238
Cboe Global Markets
CBOE
$29.8B
| $60M | 0.09% |
521,898
-79,797
| -13% | -$9.23M |
|
239
PUT
Boeing
BA
$165B
| $59.8M | 0.09% |
157,300
+141,300
| +883% | +$50.5M |
|
240
Gold Fields
GFI
$29.2B
| $59.8M | 0.09% |
12,146,466
+10,715,680
| +749% | +$58.3M |
|
241
CenterPoint Energy
CNP
$29.1B
| $59.5M | 0.09% |
1,970,178
-1,415,527
| -42% | -$40.8M |
|
242
PUT
PepsiCo
PEP
$186B
| $59.2M | 0.09% |
431,500
+391,300
| +973% | +$52M |
|
243
UnitedHealth
UNH
$382B
| $59.1M | 0.09% |
272,142
-318,779
| -54% | -$76.9M |
|
244
HEICO Corp Class A
HEI.A
$35.4B
| $59.1M | 0.09% |
607,299
+113,605
| +23% | +$12M |
|
|
PE
245
DELISTED
PARSLEY ENERGY INC
PE
| $59.1M | 0.09% |
3,517,271
-431,415
| -11% | -$7.41M |
|
246
Cadence Design Systems
CDNS
$90B
| $59M | 0.09% |
892,964
+557,292
| +166% | +$39.2M |
|
247
Equinix
EQIX
$107B
| $58.2M | 0.09% |
100,878
-99,080
| -50% | -$53.2M |
|
248
Aecom
ACM
$9.07B
| $58.1M | 0.09% |
1,545,890
+1,204,844
| +353% | +$43.4M |
|
249
W.R. Berkley
WRB
$28B
| $57.8M | 0.09% |
1,799,748
+102,069
| +6% | +$3.19M |
|
250
O-I Glass
OI
$1.39B
| $57.7M | 0.09% |
5,614,748
+4,448,734
| +382% | +$57.4M |
|
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Millennium Management's Q3 2019 Portfolio in Review
As of Q3 2019, Millennium Management held 4,833 positions worth $63.3B, down 4.9% from $66.5B the previous quarter. Its ten largest holdings account for 7.2% of the portfolio.
Millennium Management's Q3 2019 filing shows 843 new, 1,522 increased, 1,651 reduced and 727 closed positions. Its largest new stake was L3Harris: 1,378,220 shares worth $288M. The largest sale was LyondellBasell Industries, an estimated $441M.
By sector, the portfolio is most concentrated in Healthcare at 11% of assets, down from 12% a quarter earlier, followed by Financials and Technology.
- Millennium Management's largest Q3 2019 buy was L3Harris: 1,378,220 shares worth $288M.
- Millennium Management added most to Ameren in Q3 2019, an estimated $239M increase.
- Millennium Management's biggest Q3 2019 reduction was LyondellBasell Industries, cutting an estimated $441M.
- Millennium Management fully exited Worldpay, Inc. in Q3 2019, selling an estimated $429M.
- Millennium Management's ten largest holdings make up 7.2% of its $63.3B portfolio in Q3 2019.
- Millennium Management opened 843 new positions and closed 727 in Q3 2019.
- Millennium Management's portfolio value fell 4.9% quarter-over-quarter to $63.3B.
Based on Millennium Management's 13F filing for Q3 2019, filed 14 Nov 2019.