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 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$3.83B |
| 2 |
Wells Fargo
WFC
|
+$378M |
| 3 |
Microsoft
MSFT
|
+$253M |
| 4 |
Home Depot
HD
|
+$247M |
| 5 |
Alibaba
BABA
|
+$235M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
CELG
Celgene Corp
CELG
|
+$414M |
| 2 |
Lowe's Companies
LOW
|
+$326M |
| 3 |
Las Vegas Sands
LVS
|
+$265M |
| 4 |
AABA
Altaba Inc
AABA
|
+$249M |
| 5 |
NBL
Noble Energy, Inc.
NBL
|
+$181M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 9.65% |
| 2 | Technology | 8.5% |
| 3 | Financials | 8.48% |
| 4 | Consumer Discretionary | 7.65% |
| 5 | Industrials | 7.15% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
2501
Argan
AGX
$8.13B
| $2.3M | ﹤0.01% |
57,407
+48,434
| +540% | +$1.86M |
|
|
BHR
2502
Braemar Hotels & Resorts
BHR
$160M
| $2.3M | ﹤0.01% |
+257,610
| New | +$2.41M |
|
|
DOCU
2503
DocuSign
DOCU
$10.4B
| $2.3M | ﹤0.01% |
30,983
-790,741
| -96% | -$54.3M |
|
|
KSU
2504
DELISTED
Kansas City Southern
KSU
| $2.29M | ﹤0.01% |
14,946
-92,432
| -86% | -$13.6M |
|
|
SRC
2505
DELISTED
SPIRIT REALTY CAPITAL, INC.
SRC
| $2.29M | ﹤0.01% |
46,503
-150,163
| -76% | -$7.47M |
|
2506
Korro Bio
KRRO
$151M
| $2.27M | ﹤0.01% |
+2,595
| New | +$2.02M |
|
2507
DigitalBridge
DBRG
$2.93B
| $2.27M | ﹤0.01% |
119,616
-78,807
| -40% | -$1.62M |
|
2508
PUT
Zymeworks
ZYME
$1.67B
| $2.27M | ﹤0.01% |
+50,000
| New | +$1.82M |
|
2509
Applied Optoelectronics
AAOI
$7.23B
| $2.27M | ﹤0.01% |
+191,055
| New | +$2.04M |
|
|
XOMA
2510
DELISTED
Xoma
XOMA
| $2.27M | ﹤0.01% |
83,150
+68,991
| +487% | +$1.54M |
|
|
AXE
2511
DELISTED
Anixter International Inc
AXE
| $2.27M | ﹤0.01% |
24,635
+19,413
| +372% | +$1.57M |
|
2512
Scansource
SCSC
$1.15B
| $2.27M | ﹤0.01% |
61,308
+53,511
| +686% | +$1.82M |
|
2513
Worthington Enterprises
WOR
$2.74B
| $2.26M | ﹤0.01% |
87,049
-61,416
| -41% | -$1.44M |
|
2514
Howmet Aerospace
HWM
$111B
| $2.26M | ﹤0.01% |
95,903
-24,193
| -20% | -$540K |
|
2515
Appian
APPN
$1.94B
| $2.26M | ﹤0.01% |
59,202
+33,868
| +134% | +$1.46M |
|
|
SAFM
2516
CALL
DELISTED
Sanderson Farms Inc
SAFM
| $2.26M | ﹤0.01% |
+12,800
| New | +$2.02M |
|
2517
Ligand Pharmaceuticals
LGND
$5.94B
| $2.25M | ﹤0.01% |
34,650
+4,536
| +15% | +$303K |
|
2518
PUT
Archer Daniels Midland
ADM
$38.9B
| $2.25M | ﹤0.01% |
48,600
-9,700
| -17% | -$414K |
|
|
NOAH
2519
Noah Holdings
NOAH
$583M
| $2.25M | ﹤0.01% |
63,483
-198,891
| -76% | -$6.07M |
|
2520
Ooma
OOMA
$589M
| $2.24M | ﹤0.01% |
169,522
+93,405
| +123% | +$1.14M |
|
|
PDLI
2521
DELISTED
PDL BioPharma, Inc.
PDLI
| $2.24M | ﹤0.01% |
690,871
+442,251
| +178% | +$1.28M |
|
2522
Leidos
LDOS
$14.1B
| $2.24M | ﹤0.01% |
22,894
-85,856
| -79% | -$7.57M |
|
2523
Arq
ARQ
$88.4M
| $2.24M | ﹤0.01% |
213,247
+198,841
| +1,380% | +$2.38M |
|
2524
CALL
CONMED
CNMD
$1.41B
| $2.24M | ﹤0.01% |
20,000
+15,000
| +300% | +$1.6M |
|
|
FLXN
2525
DELISTED
Flexion Therapeutics, Inc.
FLXN
| $2.24M | ﹤0.01% |
108,072
+97,228
| +897% | +$1.64M |
|
Similar funds
Millennium Management's Q4 2019 Portfolio in Review
As of Q4 2019, Millennium Management held 4,935 positions worth $79.9B, up 26% from $63.3B the previous quarter. Its ten largest holdings account for 13% of the portfolio.
Millennium Management deployed $9.74B of net new capital in Q4 2019, opening 829 new positions and adding to 1,631 existing holdings. Its largest new stake was International Flavors & Fragrances: 535,214 shares worth $69.1M.
By sector, the portfolio is most concentrated in Healthcare at 9.7% of assets, down from 11% a quarter earlier, followed by Technology and Financials.
On the sell side, the largest reduction was Lowe's Companies, an estimated $326M trimmed.
- Millennium Management's largest Q4 2019 buy was International Flavors & Fragrances: 535,214 shares worth $69.1M.
- Millennium Management added most to State Street SPDR S&P 500 ETF Trust in Q4 2019, an estimated $3.83B increase.
- Millennium Management's biggest Q4 2019 reduction was Lowe's Companies, cutting an estimated $326M.
- Millennium Management fully exited Celgene Corp in Q4 2019, selling an estimated $414M.
- Millennium Management's ten largest holdings make up 13% of its $79.9B portfolio in Q4 2019.
- Millennium Management opened 829 new positions and closed 796 in Q4 2019.
- Millennium Management's portfolio value rose 26% quarter-over-quarter to $79.9B.
Based on Millennium Management's 13F filing for Q4 2019, filed 14 Feb 2020.