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 | |
|---|---|---|---|---|---|---|
|
ENFC
2726
DELISTED
Entegra Financial Corp.
ENFC
| $1.57M | ﹤0.01% |
51,953
+21,761
| +72% | +$654K |
|
|
OGI
2727
Organigram Holdings
OGI
$131M
| $1.56M | ﹤0.01% |
159,630
+155,111
| +3,432% | +$1.83M |
|
|
S
2728
PUT
DELISTED
Sprint Corporation
S
| $1.56M | ﹤0.01% |
300,000
| – | – |
|
|
IGD
2729
Voya Global Equity Dividend and Premium Opportunity Fund
IGD
$509M
| $1.56M | ﹤0.01% |
252,001
+206,006
| +448% | +$1.26M |
|
2730
PUT
MGIC Investment
MTG
$6.47B
| $1.56M | ﹤0.01% |
+110,000
| New | +$1.52M |
|
2731
Bridgewater Bancshares
BWB
$580M
| $1.56M | ﹤0.01% |
112,903
+87,074
| +337% | +$1.1M |
|
2732
PUT
iShares MSCI South Korea ETF
EWY
$20.1B
| $1.55M | ﹤0.01% |
25,000
| – | – |
|
|
GB
2733
DELISTED
Global Blue Group Holding
GB
| $1.55M | ﹤0.01% |
+150,500
| New | +$1.54M |
|
2734
Harvard Bioscience
HBIO
$27.6M
| $1.55M | ﹤0.01% |
50,952
-13,581
| -21% | -$391K |
|
2735
Axogen
AXGN
$2.2B
| $1.55M | ﹤0.01% |
86,819
-488,049
| -85% | -$7.21M |
|
2736
El Pollo Loco
LOCO
$503M
| $1.55M | ﹤0.01% |
102,473
+54,151
| +112% | +$757K |
|
|
WMC
2737
DELISTED
Western Asset Mortgage Capital Corporation
WMC
| $1.55M | ﹤0.01% |
14,968
-4,199
| -22% | -$426K |
|
2738
State Street Communication Services Select Sector SPDR ETF
XLC
$22.5B
| $1.54M | ﹤0.01% |
28,754
-203,471
| -88% | -$10.5M |
|
|
VSTO
2739
DELISTED
Vista Outdoor Inc.
VSTO
| $1.54M | ﹤0.01% |
205,540
+147,837
| +256% | +$1.11M |
|
|
MSC
2740
Studio City International Holdings
MSC
$339M
| $1.53M | ﹤0.01% |
77,584
-13,959
| -15% | -$272K |
|
2741
CALL
Bruker
BRKR
$9.4B
| $1.53M | ﹤0.01% |
30,000
+20,000
| +200% | +$952K |
|
2742
Arcus Biosciences
RCUS
$3.33B
| $1.52M | ﹤0.01% |
150,949
-37,550
| -20% | -$316K |
|
|
BFX
2743
DELISTED
BowFlex Inc.
BFX
| $1.52M | ﹤0.01% |
870,329
-371,300
| -30% | -$579K |
|
2744
Century Aluminum
CENX
$4.22B
| $1.52M | ﹤0.01% |
202,187
+26,147
| +15% | +$181K |
|
2745
GrafTech
EAF
$184M
| $1.51M | ﹤0.01% |
13,017
-1,838
| -12% | -$231K |
|
|
ALNA
2746
DELISTED
Allena Pharmaceuticals
ALNA
| $1.51M | ﹤0.01% |
553,046
+68,421
| +14% | +$225K |
|
2747
CALL
LivaNova
LIVN
$4.47B
| $1.51M | ﹤0.01% |
+20,000
| New | +$1.52M |
|
2748
CALL
Coca-Cola
KO
$383B
| $1.51M | ﹤0.01% |
27,200
+23,200
| +580% | +$1.25M |
|
2749
Fulcrum Therapeutics
FULC
$241M
| $1.5M | ﹤0.01% |
90,181
-220,889
| -71% | -$2.11M |
|
|
ADAM
2750
Adamas Trust
ADAM
$777M
| $1.5M | ﹤0.01% |
60,208
-8,956
| -13% | -$222K |
|
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.