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 | |
|---|---|---|---|---|---|---|
|
TGNA
2626
DELISTED
TEGNA Inc
TGNA
| $1.89M | ﹤0.01% |
113,467
+96,317
| +562% | +$1.5M |
|
2627
Monarch Casino & Resort
MCRI
$2.2B
| $1.89M | ﹤0.01% |
+38,973
| New | +$1.73M |
|
2628
Shutterstock
SSTK
$209M
| $1.89M | ﹤0.01% |
44,074
+36,916
| +516% | +$1.48M |
|
|
TRST
2629
Trustco Bank Corp NY
TRST
$953M
| $1.89M | ﹤0.01% |
+43,565
| New | +$1.86M |
|
|
XRN
2630
Chiron Real Estate Inc
XRN
$535M
| $1.88M | ﹤0.01% |
28,472
-25,499
| -47% | -$1.6M |
|
2631
PUT
Teleflex
TFX
$5.96B
| $1.88M | ﹤0.01% |
+5,000
| New | +$1.72M |
|
2632
Buckle
BKE
$2.32B
| $1.88M | ﹤0.01% |
+69,358
| New | +$1.65M |
|
2633
Allogene Therapeutics
ALLO
$625M
| $1.87M | ﹤0.01% |
+71,893
| New | +$1.98M |
|
2634
CALL
Intercontinental Exchange
ICE
$87.2B
| $1.86M | ﹤0.01% |
20,100
+4,500
| +29% | +$418K |
|
|
UCTT
2635
Ultra Clean Holdings
UCTT
$3.12B
| $1.86M | ﹤0.01% |
79,151
-230,431
| -74% | -$4.66M |
|
|
ATRI
2636
DELISTED
Atrion Corp
ATRI
| $1.85M | ﹤0.01% |
2,466
+902
| +58% | +$680K |
|
|
EXAS
2637
CALL
DELISTED
Exact Sciences
EXAS
| $1.85M | ﹤0.01% |
20,000
+5,000
| +33% | +$440K |
|
|
ENDP
2638
DELISTED
Endo International plc
ENDP
| $1.85M | ﹤0.01% |
393,571
-1,254,123
| -76% | -$5.6M |
|
2639
PUT
Service Corp International
SCI
$11.8B
| $1.84M | ﹤0.01% |
40,000
| – | – |
|
|
TRHC
2640
DELISTED
Tabula Rasa HealthCare, Inc. Common Stock
TRHC
| $1.84M | ﹤0.01% |
37,812
+19,112
| +102% | +$895K |
|
2641
Peoples Bancorp
PEBO
$1.51B
| $1.84M | ﹤0.01% |
53,075
+5,172
| +11% | +$169K |
|
2642
Quad
QUAD
$479M
| $1.84M | ﹤0.01% |
+393,046
| New | +$2.46M |
|
|
NETI
2643
DELISTED
Eneti Inc.
NETI
| $1.84M | ﹤0.01% |
28,828
-49,328
| -63% | -$3M |
|
|
TRQ
2644
DELISTED
Turquoise Hill Resources Ltd
TRQ
| $1.83M | ﹤0.01% |
249,029
+226,590
| +1,010% | +$1.17M |
|
|
VEDL
2645
DELISTED
Vedanta Limited American Depostary Shares (Each representing four equity shares)
VEDL
| $1.83M | ﹤0.01% |
212,201
+187,310
| +753% | +$1.57M |
|
2646
CALL
Avantor
AVTR
$9.73B
| $1.81M | ﹤0.01% |
100,000
+80,000
| +400% | +$1.27M |
|
2647
CALL
Chemours
CC
$2.48B
| $1.81M | ﹤0.01% |
100,000
+24,800
| +33% | +$412K |
|
2648
Ashland
ASH
$3.34B
| $1.8M | ﹤0.01% |
23,579
-350,891
| -94% | -$26.6M |
|
2649
Mistras Group
MG
$477M
| $1.8M | ﹤0.01% |
126,499
-66,957
| -35% | -$947K |
|
|
DPLO
2650
DELISTED
DIPLOMAT PHARMACY, INC.
DPLO
| $1.8M | ﹤0.01% |
449,747
-993,844
| -69% | -$4.67M |
|
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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.