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 | |
|---|---|---|---|---|---|---|
|
PSB
2676
DELISTED
PS Business Parks, Inc.
PSB
| $1.72M | ﹤0.01% |
10,432
+5,464
| +110% | +$961K |
|
2677
PUT
VeriSign
VRSN
$26.3B
| $1.72M | ﹤0.01% |
8,900
+5,400
| +154% | +$1.01M |
|
|
LITS
2678
Lite Strategy Inc
LITS
$32.4M
| $1.71M | ﹤0.01% |
34,467
-38,422
| -53% | -$1.43M |
|
|
PETQ
2679
DELISTED
PetIQ, Inc. Class A Common Stock
PETQ
| $1.71M | ﹤0.01% |
68,161
-33,219
| -33% | -$825K |
|
|
TGI
2680
DELISTED
Triumph Group
TGI
| $1.71M | ﹤0.01% |
67,458
-28,196
| -29% | -$700K |
|
2681
Elanco Animal Health
ELAN
$13.2B
| $1.7M | ﹤0.01% |
57,848
-616,145
| -91% | -$16.7M |
|
2682
Invesco Mortgage Capital
IVR
$759M
| $1.7M | ﹤0.01% |
10,186
-39,476
| -79% | -$6.33M |
|
2683
Lantheus
LNTH
$6.51B
| $1.69M | ﹤0.01% |
+82,555
| New | +$1.67M |
|
|
BBBY
2684
DELISTED
Bed Bath & Beyond Inc
BBBY
| $1.69M | ﹤0.01% |
97,515
-12,196
| -11% | -$171K |
|
|
TEI
2685
Templeton Emerging Markets Income Fund
TEI
$310M
| $1.69M | ﹤0.01% |
183,364
-9,120
| -5% | -$82.2K |
|
|
HOME
2686
CALL
DELISTED
At Home Group Inc.
HOME
| $1.69M | ﹤0.01% |
306,300
-96,200
| -24% | -$783K |
|
2687
Ford
F
$60.9B
| $1.68M | ﹤0.01% |
180,702
-2,094,428
| -92% | -$18.8M |
|
2688
Hanmi Financial
HAFC
$935M
| $1.68M | ﹤0.01% |
+84,067
| New | +$1.62M |
|
|
PCSB
2689
DELISTED
PCSB Financial Corporation
PCSB
| $1.68M | ﹤0.01% |
+82,983
| New | +$1.68M |
|
|
LHCG
2690
DELISTED
LHC Group LLC
LHCG
| $1.68M | ﹤0.01% |
12,177
-29,634
| -71% | -$3.69M |
|
|
BELFB
2691
Bel Fuse Inc Class B
BELFB
$3.45B
| $1.67M | ﹤0.01% |
81,452
+5,586
| +7% | +$91.8K |
|
|
DOO
2692
Bombardier Recreational Products
DOO
$4.48B
| $1.67M | ﹤0.01% |
36,622
-70,013
| -66% | -$3.13M |
|
2693
Exponent
EXPO
$3.19B
| $1.66M | ﹤0.01% |
24,096
-29,239
| -55% | -$1.93M |
|
2694
PUT
Under Armour
UAA
$3.01B
| $1.66M | ﹤0.01% |
+76,600
| New | +$1.49M |
|
2695
Orion Group Holdings
ORN
$368M
| $1.65M | ﹤0.01% |
317,832
-381,293
| -55% | -$1.89M |
|
2696
Nomura Holdings
NMR
$28.3B
| $1.65M | ﹤0.01% |
319,594
-655,899
| -67% | -$3.17M |
|
|
OPI
2697
DELISTED
Office Properties Income Trust
OPI
| $1.65M | ﹤0.01% |
51,275
+43,992
| +604% | +$1.41M |
|
2698
Repligen
RGEN
$6.91B
| $1.65M | ﹤0.01% |
17,791
-7,894
| -31% | -$663K |
|
2699
iShares MSCI Malaysia ETF
EWM
$307M
| $1.64M | ﹤0.01% |
57,677
+3,788
| +7% | +$106K |
|
2700
Midland States Bancorp
MSBI
$697M
| $1.64M | ﹤0.01% |
56,758
+36,532
| +181% | +$1.01M |
|
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.