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 | |
|---|---|---|---|---|---|---|
2576
iShares JPMorgan USD Emerging Markets Bond ETF
EMB
$14.7B
| $779K | ﹤0.01% |
8,062
-94,095
| -92% | -$10.4M |
|
2577
FuelCell Energy
FCEL
$1.74B
| $779K | ﹤0.01% |
+17,188
| New | +$970K |
|
2578
Tucows
TCX
$155M
| $779K | ﹤0.01% |
+16,147
| New | +$904K |
|
|
WPRT
2579
Westport Fuel Systems
WPRT
$35.1M
| $779K | ﹤0.01% |
82,773
+57,242
| +224% | +$1.18M |
|
2580
Barrett Business Services
BBSI
$985M
| $776K | ﹤0.01% |
78,260
+53,440
| +215% | +$935K |
|
2581
CALL
CenterPoint Energy
CNP
$26.8B
| $773K | ﹤0.01% |
50,000
-23,000
| -32% | -$528K |
|
2582
Alphabet (Google) Class C
GOOG
$4.39T
| $773K | ﹤0.01% |
13,300
-2,380,620
| -99% | -$162M |
|
2583
Community Bank
CBU
$3.49B
| $771K | ﹤0.01% |
13,119
-63,589
| -83% | -$4.12M |
|
2584
Park-Ohio Holdings
PKOH
$593M
| $771K | ﹤0.01% |
40,688
+12,805
| +46% | +$337K |
|
2585
SolarEdge
SEDG
$2.22B
| $771K | ﹤0.01% |
9,422
-154,502
| -94% | -$16.3M |
|
2586
Viasat
VSAT
$11.3B
| $771K | ﹤0.01% |
21,468
-51,172
| -70% | -$2.95M |
|
2587
Ubiquiti
UI
$34.7B
| $768K | ﹤0.01% |
5,422
-123,072
| -96% | -$18.8M |
|
2588
Graphic Packaging
GPK
$3.52B
| $767K | ﹤0.01% |
62,909
-2,419,882
| -97% | -$35.6M |
|
2589
CALL
Monster Beverage
MNST
$92.7B
| $765K | ﹤0.01% |
+27,200
| New | +$874K |
|
2590
Lumentum
LITE
$66.2B
| $760K | ﹤0.01% |
10,314
+1,212
| +13% | +$95.4K |
|
|
BELFB
2591
Bel Fuse Inc Class B
BELFB
$4.3B
| $757K | ﹤0.01% |
77,749
-3,703
| -5% | -$53.9K |
|
2592
CALL
Royal Caribbean
RCL
$87.5B
| $756K | ﹤0.01% |
23,500
+18,100
| +335% | +$1.65M |
|
|
BSTC
2593
DELISTED
BioSpecifics Technologies Corp.
BSTC
| $755K | ﹤0.01% |
13,348
+9,792
| +275% | +$558K |
|
2594
CALL
Analog Devices
ADI
$184B
| $753K | ﹤0.01% |
8,400
-19,400
| -70% | -$2.12M |
|
2595
Evolus
EOLS
$404M
| $753K | ﹤0.01% |
181,418
-395,891
| -69% | -$3.36M |
|
2596
CALL
Etsy
ETSY
$8.07B
| $753K | ﹤0.01% |
19,600
-160,400
| -89% | -$7.84M |
|
|
ANH
2597
DELISTED
Anworth Mortgage Asset Corporation
ANH
| $753K | ﹤0.01% |
666,434
+489,419
| +276% | +$1.49M |
|
2598
Crawford & Co Class B
CRD.B
$576M
| $752K | ﹤0.01% |
117,650
-11,935
| -9% | -$94.4K |
|
2599
Arcos Dorados Holdings
ARCO
$1.8B
| $748K | ﹤0.01% |
230,056
-1,162,292
| -83% | -$7.39M |
|
2600
Rocky Brands
RCKY
$373M
| $745K | ﹤0.01% |
38,480
+30,425
| +378% | +$749K |
|
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.