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 | |
|---|---|---|---|---|---|---|
2751
Bio-Techne
TECH
$11.2B
| $1.5M | ﹤0.01% |
27,312
-289,028
| -91% | -$15.2M |
|
2752
Middlesex Water
MSEX
$1.07B
| $1.5M | ﹤0.01% |
23,556
+18,539
| +370% | +$1.17M |
|
2753
Saratoga Investment
SAR
$309M
| $1.5M | ﹤0.01% |
59,997
-48,469
| -45% | -$1.22M |
|
2754
Skywest
SKYW
$4.35B
| $1.48M | ﹤0.01% |
22,942
-42,820
| -65% | -$2.61M |
|
2755
Trimble
TRMB
$13.6B
| $1.48M | ﹤0.01% |
35,519
-1,235,099
| -97% | -$49.1M |
|
|
DISH
2756
DELISTED
DISH Network Corp.
DISH
| $1.48M | ﹤0.01% |
41,743
-15,865
| -28% | -$549K |
|
|
HHR
2757
DELISTED
HeadHunter Group PLC American Depositary Shares
HHR
| $1.48M | ﹤0.01% |
68,976
-164,976
| -71% | -$3.17M |
|
2758
NETSCOUT
NTCT
$2.83B
| $1.48M | ﹤0.01% |
61,425
-113,619
| -65% | -$2.69M |
|
2759
ProShares Short S&P500
SH
$928M
| $1.48M | ﹤0.01% |
15,366
+12,420
| +422% | +$1.25M |
|
2760
Insight Enterprises
NSIT
$3.85B
| $1.47M | ﹤0.01% |
+20,922
| New | +$1.32M |
|
|
RPT
2761
Rithm Property Trust
RPT
$94.4M
| $1.47M | ﹤0.01% |
17,109
+13,158
| +333% | +$1.17M |
|
2762
State Street SPDR S&P Dividend ETF
SDY
$22.1B
| $1.47M | ﹤0.01% |
13,630
-8,312
| -38% | -$873K |
|
|
BRT
2763
BRT Apartments
BRT
$284M
| $1.46M | ﹤0.01% |
86,285
+34,640
| +67% | +$583K |
|
|
GEN
2764
DELISTED
Genesis Healthcare, Inc.
GEN
| $1.46M | ﹤0.01% |
892,758
-19,189
| -2% | -$28.8K |
|
2765
iShares Mortgage Real Estate ETF
REM
$549M
| $1.46M | ﹤0.01% |
+32,862
| New | +$1.42M |
|
2766
McCormick & Company Non-Voting
MKC
$14B
| $1.46M | ﹤0.01% |
17,210
+5,132
| +42% | +$425K |
|
2767
CALL
Simon Property Group
SPG
$76.4B
| $1.46M | ﹤0.01% |
+9,800
| New | +$1.47M |
|
|
ECHO
2768
EchoStar
ECHO
$24.3B
| $1.45M | ﹤0.01% |
33,519
-240,315
| -88% | -$9.64M |
|
|
MRO
2769
PUT
DELISTED
Marathon Oil Corporation
MRO
| $1.45M | ﹤0.01% |
106,900
-174,600
| -62% | -$2.13M |
|
|
NSLR
2770
Neostellar Capital Corp
NSLR
$258M
| $1.45M | ﹤0.01% |
263,835
+33,025
| +14% | +$182K |
|
|
BGB
2771
Blackstone Strategic Credit 2027 Term Fund
BGB
$500M
| $1.44M | ﹤0.01% |
+100,413
| New | +$1.42M |
|
|
SCWX
2772
DELISTED
SecureWorks Corp Class A Common Stock
SCWX
| $1.44M | ﹤0.01% |
86,585
-27,484
| -24% | -$355K |
|
2773
Gates Industrial Corporation Ltd.
GTES
$6.31B
| $1.44M | ﹤0.01% |
104,616
-81,881
| -44% | -$932K |
|
2774
Baytex Energy
BTE
$2.96B
| $1.44M | ﹤0.01% |
992,292
+668,440
| +206% | +$826K |
|
|
CWEN.A
2775
DELISTED
Clearway Energy Class A
CWEN.A
| $1.44M | ﹤0.01% |
75,041
+37,280
| +99% | +$687K |
|
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.