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 |
AGN
Allergan plc
AGN
|
+$200M |
| 2 |
Danaher
DHR
|
+$146M |
| 3 |
iShares 1-5 Year Investment Grade Corporate Bond ETF
IGSB
|
+$138M |
| 4 |
Procter & Gamble
PG
|
+$122M |
| 5 |
RDS.B
Royal Dutch Shell PLC ADS Class B
RDS.B
|
+$109M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$3.89B |
| 2 |
Microsoft
MSFT
|
+$380M |
| 3 |
Alibaba
BABA
|
+$352M |
| 4 |
Wells Fargo
WFC
|
+$245M |
| 5 |
American Electric Power
AEP
|
+$243M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 11.41% |
| 2 | Technology | 7.27% |
| 3 | Financials | 6.46% |
| 4 | Consumer Discretionary | 5.3% |
| 5 | Industrials | 4.98% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
FFG
2751
DELISTED
FBL Financial Group
FFG
| $586K | ﹤0.01% |
12,562
-40,541
| -76% | -$2.06M |
|
2752
Option Care Health
OPCH
$3.55B
| $584K | ﹤0.01% |
+61,649
| New | +$904K |
|
2753
Atlanticus Holdings
ATLC
$1.68B
| $582K | ﹤0.01% |
+58,640
| New | +$687K |
|
2754
Lennox International
LII
$15.4B
| $582K | ﹤0.01% |
3,203
-11,334
| -78% | -$2.62M |
|
2755
PUT
Alphabet (Google) Class C
GOOG
$4.4T
| $581K | ﹤0.01% |
10,000
-198,000
| -95% | -$13.4M |
|
2756
Vanguard FTSE All-World ex-US ETF
VEU
$68B
| $580K | ﹤0.01% |
14,128
-1,255
| -8% | -$61.7K |
|
2757
Marcus & Millichap
MMI
$1.18B
| $579K | ﹤0.01% |
21,374
+9,179
| +75% | +$309K |
|
2758
State Street SPDR S&P Bank ETF
KBE
$1.68B
| $575K | ﹤0.01% |
+21,313
| New | +$853K |
|
2759
Matinas BioPharma
MTNB
$1.76M
| $575K | ﹤0.01% |
19,170
+17,284
| +916% | +$1.04M |
|
|
KZR
2760
DELISTED
Kezar Life Sciences
KZR
| $574K | ﹤0.01% |
13,169
+10,868
| +472% | +$442K |
|
|
HR
2761
DELISTED
Healthcare Realty Trust Incorporated
HR
| $574K | ﹤0.01% |
20,561
-83,490
| -80% | -$2.83M |
|
2762
PUT
CONMED
CNMD
$1.48B
| $573K | ﹤0.01% |
+10,000
| New | +$922K |
|
2763
CALL
International Flavors & Fragrances
IFF
$22.5B
| $572K | ﹤0.01% |
+5,600
| New | +$697K |
|
2764
Origin Bancorp
OBK
$1.69B
| $571K | ﹤0.01% |
28,221
-28,973
| -51% | -$906K |
|
2765
CALL
Aecom
ACM
$9.63B
| $570K | ﹤0.01% |
+19,100
| New | +$817K |
|
2766
Solid Biosciences
SLDB
$859M
| $569K | ﹤0.01% |
15,880
-59,542
| -79% | -$2.95M |
|
|
HT
2767
DELISTED
Hersha Hospitality Trust Priority Class A Common Shares of Beneficial Interest
HT
| $568K | ﹤0.01% |
158,632
-414,849
| -72% | -$4.52M |
|
2768
UMB Financial
UMBF
$11.2B
| $567K | ﹤0.01% |
12,234
-130,822
| -91% | -$7.96M |
|
2769
ACI Worldwide
ACIW
$5.88B
| $565K | ﹤0.01% |
23,408
-194,224
| -89% | -$6.2M |
|
2770
AngloGold Ashanti
AU
$44.8B
| $565K | ﹤0.01% |
33,968
-29,946
| -47% | -$588K |
|
2771
iShares MSCI China ETF
MCHI
$6.32B
| $564K | ﹤0.01% |
+9,860
| New | +$610K |
|
2772
PUT
Ulta Beauty
ULTA
$23.2B
| $562K | ﹤0.01% |
3,200
-14,700
| -82% | -$3.67M |
|
|
FARO
2773
DELISTED
Faro Technologies
FARO
| $561K | ﹤0.01% |
12,601
-54,153
| -81% | -$2.81M |
|
2774
Hawaiian Electric Industries
HE
$2.17B
| $561K | ﹤0.01% |
13,032
-1,249
| -9% | -$57.8K |
|
2775
Veeva Systems
VEEV
$34.7B
| $561K | ﹤0.01% |
3,590
-66,234
| -95% | -$9.71M |
|
Similar funds
Millennium Management's Q1 2020 Portfolio in Review
As of Q1 2020, Millennium Management held 4,928 positions worth $44.5B, down 44% from $79.9B the previous quarter. Its ten largest holdings account for 18% of the portfolio.
Millennium Management withdrew a net $21.4B in Q1 2020, closing 1,154 positions and reducing 1,745 holdings. Its most notable exit was Becton Dickinson, an estimated $152M position sold in full.
By sector, the portfolio is most concentrated in Healthcare at 11% of assets, up from 9.7% a quarter earlier, followed by Technology and Financials.
Against the trend, Millennium Management opened a new position in Danaher worth $133M.
- Millennium Management's largest Q1 2020 buy was Danaher: 1,082,448 shares worth $133M.
- Millennium Management added most to Allergan plc in Q1 2020, an estimated $200M increase.
- Millennium Management's biggest Q1 2020 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $3.89B.
- Millennium Management fully exited Becton Dickinson in Q1 2020, selling an estimated $152M.
- Millennium Management's ten largest holdings make up 18% of its $44.5B portfolio in Q1 2020.
- Millennium Management opened 789 new positions and closed 1,154 in Q1 2020.
- Millennium Management's portfolio value fell 44% quarter-over-quarter to $44.5B.
Based on Millennium Management's 13F filing for Q1 2020, filed 14 May 2020.