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 | |
|---|---|---|---|---|---|---|
|
LBAI
2601
DELISTED
Lakeland Bancorp Inc
LBAI
| $744K | ﹤0.01% |
68,840
-139,242
| -67% | -$2.06M |
|
2602
Equinor
EQNR
$90.8B
| $742K | ﹤0.01% |
+60,936
| New | +$985K |
|
2603
PUT
Hershey
HSY
$36B
| $742K | ﹤0.01% |
5,600
+2,500
| +81% | +$369K |
|
2604
CALL
Seagate
STX
$191B
| $742K | ﹤0.01% |
15,200
+11,300
| +290% | +$603K |
|
2605
Ichor Holdings
ICHR
$2.32B
| $741K | ﹤0.01% |
38,674
-369,384
| -91% | -$11.2M |
|
2606
Welltower
WELL
$170B
| $739K | ﹤0.01% |
16,142
-8,714
| -35% | -$643K |
|
|
VERO
2607
DELISTED
Venus Concept
VERO
| $738K | ﹤0.01% |
1,259
+770
| +157% | +$742K |
|
|
RPAI
2608
DELISTED
RETAIL PROPERTIES OF AMERICA, INC.
RPAI
| $738K | ﹤0.01% |
142,694
-3,873,379
| -96% | -$40.9M |
|
2609
Liberty Latin America Class A
LILA
$1.67B
| $737K | ﹤0.01% |
+109,486
| New | +$1.1M |
|
2610
Comstock Resources
CRK
$3.82B
| $736K | ﹤0.01% |
136,550
+54,232
| +66% | +$323K |
|
2611
CALL
TransDigm Group
TDG
$69.8B
| $736K | ﹤0.01% |
+2,300
| New | +$1.25M |
|
2612
Texas Pacific Land
TPL
$26.4B
| $735K | ﹤0.01% |
17,406
+12,123
| +229% | +$888K |
|
|
CEO
2613
DELISTED
CNOOC Limited
CEO
| $735K | ﹤0.01% |
7,102
+5,778
| +436% | +$822K |
|
2614
Millicom
TIGO
$15.4B
| $734K | ﹤0.01% |
25,850
-2,020
| -7% | -$84.6K |
|
2615
Eagle Bancorp Montana
EBMT
$187M
| $733K | ﹤0.01% |
+45,191
| New | +$877K |
|
|
OTIC
2616
DELISTED
Otonomy, Inc.
OTIC
| $733K | ﹤0.01% |
372,324
+58,456
| +19% | +$180K |
|
2617
Paycom
PAYC
$8.17B
| $732K | ﹤0.01% |
+3,623
| New | +$993K |
|
2618
Blackstone
BX
$109B
| $731K | ﹤0.01% |
16,050
-18,519
| -54% | -$1.02M |
|
2619
Noodles & Co
NDLS
$109M
| $731K | ﹤0.01% |
19,397
+14,083
| +265% | +$752K |
|
2620
Phibro Animal Health
PAHC
$1.45B
| $729K | ﹤0.01% |
30,167
-164,892
| -85% | -$4.03M |
|
|
BRY
2621
DELISTED
Berry Corp
BRY
| $726K | ﹤0.01% |
301,373
-20,172
| -6% | -$124K |
|
2622
Pan American Silver
PAAS
$20.4B
| $726K | ﹤0.01% |
50,661
-230,495
| -82% | -$4.79M |
|
|
ATCO
2623
DELISTED
Atlas Corp.
ATCO
| $726K | ﹤0.01% |
+94,370
| New | +$1.04M |
|
2624
Midland States Bancorp
MSBI
$713M
| $725K | ﹤0.01% |
41,443
-15,315
| -27% | -$372K |
|
2625
Nutanix
NTNX
$16.5B
| $725K | ﹤0.01% |
45,906
-612,896
| -93% | -$17.2M |
|
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.