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 | |
|---|---|---|---|---|---|---|
2701
The Bancorp
TBBK
$2.81B
| $1.64M | ﹤0.01% |
126,538
+78,597
| +164% | +$881K |
|
|
PEGI
2702
DELISTED
Pattern Energy Group Inc. Class A
PEGI
| $1.64M | ﹤0.01% |
+61,234
| New | +$1.66M |
|
2703
MeiraGTx Holdings
MGTX
$1.08B
| $1.64M | ﹤0.01% |
81,747
-123,219
| -60% | -$2.11M |
|
2704
Mercury Systems
MRCY
$5.41B
| $1.63M | ﹤0.01% |
23,620
+17,233
| +270% | +$1.24M |
|
2705
Adtran
ADTN
$675M
| $1.63M | ﹤0.01% |
164,915
-140,875
| -46% | -$1.34M |
|
2706
TripAdvisor
TRIP
$1.7B
| $1.63M | ﹤0.01% |
+53,475
| New | +$1.8M |
|
|
SCHW
2707
CALL
Charles Schwab
SCHW
$182B
| $1.62M | ﹤0.01% |
34,100
+1,000
| +3% | +$44.1K |
|
2708
Civista Bancshares
CIVB
$608M
| $1.62M | ﹤0.01% |
67,483
+35,701
| +112% | +$792K |
|
|
XOG
2709
DELISTED
Extraction Oil & Gas, Inc. Common Stock
XOG
| $1.62M | ﹤0.01% |
763,229
+376,469
| +97% | +$770K |
|
2710
Grupo Aeroportuario Centro Norte
OMAB
$5.14B
| $1.62M | ﹤0.01% |
26,961
+20,138
| +295% | +$1.1M |
|
2711
Arista Networks
ANET
$199B
| $1.61M | ﹤0.01% |
126,944
+88,704
| +232% | +$1.17M |
|
2712
PUT
Analog Devices
ADI
$172B
| $1.6M | ﹤0.01% |
13,500
| – | – |
|
|
RYZ
2713
Ryerson Holding Corp
RYZ
$1.49B
| $1.6M | ﹤0.01% |
+135,448
| New | +$1.34M |
|
2714
Warrior Met Coal
HCC
$4.17B
| $1.6M | ﹤0.01% |
+75,513
| New | +$1.54M |
|
|
VIVO
2715
DELISTED
Meridian Bioscience Inc
VIVO
| $1.59M | ﹤0.01% |
163,011
+133,897
| +460% | +$1.26M |
|
2716
Adecoagro
AGRO
$1.4B
| $1.59M | ﹤0.01% |
189,923
-113,436
| -37% | -$760K |
|
2717
Blackstone Mortgage Trust
BXMT
$2.77B
| $1.59M | ﹤0.01% |
42,704
+16,704
| +64% | +$608K |
|
2718
KLA
KLAC
$222B
| $1.59M | ﹤0.01% |
89,200
-779,070
| -90% | -$13.1M |
|
2719
VanEck JP Morgan EM Local Currency Bond ETF
EMLC
$4.76B
| $1.59M | ﹤0.01% |
+46,687
| New | +$1.56M |
|
2720
Beyond Meat
BYND
$274M
| $1.58M | ﹤0.01% |
20,906
+10,222
| +96% | +$948K |
|
2721
PUT
Toll Brothers
TOL
$14B
| $1.58M | ﹤0.01% |
+40,000
| New | +$1.6M |
|
2722
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
$26.4B
| $1.58M | ﹤0.01% |
4,206
-39,131
| -90% | -$14.1M |
|
2723
Accel Entertainment
ACEL
$1B
| $1.58M | ﹤0.01% |
+126,096
| New | +$1.37M |
|
|
FFWM
2724
DELISTED
First Foundation Inc
FFWM
| $1.57M | ﹤0.01% |
90,194
-218,631
| -71% | -$3.52M |
|
2725
RE/MAX Holdings
RMAX
$198M
| $1.57M | ﹤0.01% |
40,769
-351,191
| -90% | -$12.6M |
|
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.