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 |
AGN
Allergan plc
AGN
|
+$200M |
| 2 |
Danaher
DHR
|
+$146M |
| 3 |
iShares 1-5 Year Investment Grade Corporate Bond ETF
IGSB
|
+$138M |
| 4 |
Procter & Gamble
PG
|
+$122M |
| 5 |
RDS.B
Royal Dutch Shell PLC ADS Class B
RDS.B
|
+$109M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$3.89B |
| 2 |
Microsoft
MSFT
|
+$380M |
| 3 |
Alibaba
BABA
|
+$352M |
| 4 |
Wells Fargo
WFC
|
+$245M |
| 5 |
American Electric Power
AEP
|
+$243M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 11.41% |
| 2 | Technology | 7.27% |
| 3 | Financials | 6.46% |
| 4 | Consumer Discretionary | 5.3% |
| 5 | Industrials | 4.98% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
2551
Shenandoah Telecom
SHEN
$714M
| $823K | ﹤0.01% |
+16,716
| New | +$743K |
|
2552
CALL
Enbridge
ENB
$114B
| $820K | ﹤0.01% |
+28,200
| New | +$1.05M |
|
2553
iQIYI
IQ
$1.24B
| $818K | ﹤0.01% |
45,978
+29,503
| +179% | +$663K |
|
2554
CALL
FMC
FMC
$1.38B
| $817K | ﹤0.01% |
+10,000
| New | +$928K |
|
|
CYBR
2555
DELISTED
CyberArk
CYBR
| $814K | ﹤0.01% |
9,515
-66,024
| -87% | -$7.61M |
|
2556
Carlyle Secured Lending
CGBD
$714M
| $813K | ﹤0.01% |
155,770
-136,146
| -47% | -$1.61M |
|
2557
Myriad Genetics
MYGN
$301M
| $813K | ﹤0.01% |
56,812
-681,426
| -92% | -$14.4M |
|
|
MOR
2558
DELISTED
MorphoSys AG American Depositary Shares
MOR
| $813K | ﹤0.01% |
33,109
+17,603
| +114% | +$518K |
|
|
APXTU
2559
DELISTED
Apex Technology Acquisition Corporation Unit
APXTU
| $812K | ﹤0.01% |
80,000
-910,000
| -92% | -$9.59M |
|
2560
CALL
Motorola Solutions
MSI
$73.2B
| $811K | ﹤0.01% |
+6,100
| New | +$1.02M |
|
2561
PUT
XPO
XPO
$23.5B
| $809K | ﹤0.01% |
+47,997
| New | +$1.28M |
|
2562
CALL
Okta
OKTA
$25.8B
| $807K | ﹤0.01% |
+6,600
| New | +$828K |
|
|
WBA
2563
PUT
DELISTED
Walgreens Boots Alliance
WBA
| $805K | ﹤0.01% |
17,600
-64,600
| -79% | -$3.28M |
|
2564
PUT
Philips
PHG
$25.9B
| $803K | ﹤0.01% |
+25,162
| New | +$890K |
|
|
IBKC
2565
DELISTED
IBERIABANK Corp
IBKC
| $802K | ﹤0.01% |
22,176
-200,523
| -90% | -$12.5M |
|
|
CNH
2566
CNH Industrial
CNH
$13.6B
| $793K | ﹤0.01% |
162,436
-88,437
| -35% | -$690K |
|
|
AXE
2567
DELISTED
Anixter International Inc
AXE
| $793K | ﹤0.01% |
9,021
-15,614
| -63% | -$1.48M |
|
2568
PUT
MGM Resorts International
MGM
$11.6B
| $792K | ﹤0.01% |
67,100
-189,000
| -74% | -$4.86M |
|
|
CODX
2569
Co-Diagnostics
CODX
$5.56M
| $791K | ﹤0.01% |
+3,460
| New | +$600K |
|
2570
Marcus Corp
MCS
$949M
| $791K | ﹤0.01% |
64,223
+21,232
| +49% | +$534K |
|
2571
Concrete Pumping Holdings
BBCP
$492M
| $790K | ﹤0.01% |
+276,381
| New | +$1.34M |
|
|
MBCN
2572
DELISTED
Middlefield Banc Corp
MBCN
| $790K | ﹤0.01% |
+49,965
| New | +$1.13M |
|
2573
Telus
TU
$15B
| $787K | ﹤0.01% |
+49,884
| New | +$924K |
|
2574
CALL
Marvell Technology
MRVL
$192B
| $785K | ﹤0.01% |
+34,700
| New | +$832K |
|
2575
CALL
General Dynamics
GD
$104B
| $781K | ﹤0.01% |
+5,900
| New | +$980K |
|
Similar funds
Millennium Management's Q1 2020 Portfolio in Review
As of Q1 2020, Millennium Management held 4,928 positions worth $44.5B, down 44% from $79.9B the previous quarter. Its ten largest holdings account for 18% of the portfolio.
Millennium Management withdrew a net $21.4B in Q1 2020, closing 1,154 positions and reducing 1,745 holdings. Its most notable exit was Becton Dickinson, an estimated $152M position sold in full.
By sector, the portfolio is most concentrated in Healthcare at 11% of assets, up from 9.7% a quarter earlier, followed by Technology and Financials.
Against the trend, Millennium Management opened a new position in Danaher worth $133M.
- Millennium Management's largest Q1 2020 buy was Danaher: 1,082,448 shares worth $133M.
- Millennium Management added most to Allergan plc in Q1 2020, an estimated $200M increase.
- Millennium Management's biggest Q1 2020 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $3.89B.
- Millennium Management fully exited Becton Dickinson in Q1 2020, selling an estimated $152M.
- Millennium Management's ten largest holdings make up 18% of its $44.5B portfolio in Q1 2020.
- Millennium Management opened 789 new positions and closed 1,154 in Q1 2020.
- Millennium Management's portfolio value fell 44% quarter-over-quarter to $44.5B.
Based on Millennium Management's 13F filing for Q1 2020, filed 14 May 2020.