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 | |
|---|---|---|---|---|---|---|
2651
BlueLinx
BXC
$430M
| $1.79M | ﹤0.01% |
+125,866
| New | +$2.58M |
|
2652
CALL
Union Pacific
UNP
$174B
| $1.79M | ﹤0.01% |
9,900
-100
| -1% | -$17.1K |
|
2653
iShares MSCI EAFE Value ETF
EFV
$28.3B
| $1.79M | ﹤0.01% |
35,814
-8,662
| -19% | -$425K |
|
2654
YPF
YPF
$19.7B
| $1.79M | ﹤0.01% |
154,320
-40,442
| -21% | -$392K |
|
2655
CryoPort
CYRX
$753M
| $1.78M | ﹤0.01% |
108,423
-51,327
| -32% | -$764K |
|
2656
Schwab US Broad Market ETF
SCHB
$42.3B
| $1.77M | ﹤0.01% |
138,498
+19,170
| +16% | +$235K |
|
2657
CALL
Truist Financial
TFC
$63.9B
| $1.77M | ﹤0.01% |
+58,600
| New | +$3.17M |
|
|
AHT
2658
Ashford Hospitality Trust
AHT
$20.8M
| $1.77M | ﹤0.01% |
636
-54
| -8% | -$151K |
|
|
RVNC
2659
DELISTED
Revance Therapeutics, Inc.
RVNC
| $1.77M | ﹤0.01% |
+109,199
| New | +$1.69M |
|
2660
Regis Corp
RGS
$68.4M
| $1.77M | ﹤0.01% |
4,951
+1,579
| +47% | +$585K |
|
2661
Customers Bancorp
CUBI
$2.66B
| $1.77M | ﹤0.01% |
74,253
-125,671
| -63% | -$2.89M |
|
2662
BJs Wholesale Club
BJ
$12.8B
| $1.76M | ﹤0.01% |
77,448
-971,217
| -93% | -$24M |
|
2663
NETGEAR
NTGR
$612M
| $1.76M | ﹤0.01% |
71,745
-15,152
| -17% | -$414K |
|
|
SRCI
2664
DELISTED
SRC Energy Inc
SRCI
| $1.76M | ﹤0.01% |
426,569
+108,134
| +34% | +$411K |
|
2665
Hooker Furnishings Corp
HOFT
$147M
| $1.75M | ﹤0.01% |
68,198
-63,785
| -48% | -$1.5M |
|
|
AVX
2666
DELISTED
AVX Corporation
AVX
| $1.75M | ﹤0.01% |
+85,419
| New | +$1.47M |
|
2667
Mueller Industries
MLI
$14.5B
| $1.75M | ﹤0.01% |
220,024
+147,944
| +205% | +$1.13M |
|
2668
CALL
Plains All American Pipeline
PAA
$17.6B
| $1.74M | ﹤0.01% |
+94,700
| New | +$1.74M |
|
2669
PUT
GSK
GSK
$107B
| $1.74M | ﹤0.01% |
+29,600
| New | +$1.65M |
|
2670
Magnite
MGNI
$2.83B
| $1.74M | ﹤0.01% |
213,043
+83,589
| +65% | +$687K |
|
|
SF
2671
Stifel
SF
$12.4B
| $1.74M | ﹤0.01% |
64,390
-24,534
| -28% | -$641K |
|
|
SILV
2672
DELISTED
SilverCrest Metals Inc. Common Shares
SILV
| $1.73M | ﹤0.01% |
256,419
+213,755
| +501% | +$1.26M |
|
2673
Axos Financial
AX
$5.58B
| $1.73M | ﹤0.01% |
56,966
-240,150
| -81% | -$7.02M |
|
2674
Pricesmart
PSMT
$5.94B
| $1.72M | ﹤0.01% |
+24,257
| New | +$1.74M |
|
2675
Waterstone Financial
WSBF
$371M
| $1.72M | ﹤0.01% |
90,547
+60,611
| +202% | +$1.12M |
|
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.