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 | |
|---|---|---|---|---|---|---|
2876
Celestica
CLS
$41.7B
| $471K | ﹤0.01% |
134,453
-258,229
| -66% | -$1.78M |
|
|
RDUS
2877
CALL
DELISTED
Radius Health, Inc.
RDUS
| $471K | ﹤0.01% |
+36,200
| New | +$645K |
|
2878
PUT
Deckers Outdoor
DECK
$13.5B
| $469K | ﹤0.01% |
+21,000
| New | +$584K |
|
2879
Howmet Aerospace
HWM
$117B
| $469K | ﹤0.01% |
38,111
-57,792
| -60% | -$1.2M |
|
2880
Verra Mobility
VRRM
$852M
| $469K | ﹤0.01% |
65,722
-302,783
| -82% | -$4.03M |
|
2881
TD Synnex
SNX
$21B
| $468K | ﹤0.01% |
12,800
-98,976
| -89% | -$6.07M |
|
2882
PUT
Xerox
XRX
$412M
| $468K | ﹤0.01% |
24,700
-70,000
| -74% | -$2.22M |
|
|
FOE
2883
CALL
DELISTED
Ferro Corporation
FOE
| $468K | ﹤0.01% |
+50,000
| New | +$636K |
|
2884
CALL
Ubiquiti
UI
$34.4B
| $467K | ﹤0.01% |
+3,300
| New | +$504K |
|
2885
WPP
WPP
$4.45B
| $466K | ﹤0.01% |
13,794
-2,568
| -16% | -$140K |
|
2886
Nomura Holdings
NMR
$29B
| $465K | ﹤0.01% |
108,806
-210,788
| -66% | -$1M |
|
2887
West Bancorporation
WTBA
$482M
| $465K | ﹤0.01% |
28,439
+13,294
| +88% | +$287K |
|
|
KDNY
2888
DELISTED
Chinook Therapeutics, Inc. Common Stock
KDNY
| $465K | ﹤0.01% |
33,961
+30,812
| +978% | +$364K |
|
|
CHMI
2889
Cherry Hill Mortgage Investment Corp
CHMI
$89.6M
| $464K | ﹤0.01% |
74,877
-75,526
| -50% | -$990K |
|
|
ENLC
2890
DELISTED
ENLINK MIDSTREAM, LLC
ENLC
| $463K | ﹤0.01% |
421,299
-131,443
| -24% | -$517K |
|
|
MORF
2891
DELISTED
Morphic Holding, Inc. Common Stock
MORF
| $461K | ﹤0.01% |
+31,378
| New | +$526K |
|
2892
Tootsie Roll Industries
TR
$2.99B
| $460K | ﹤0.01% |
15,287
-10,265
| -40% | -$289K |
|
|
SREV
2893
DELISTED
ServiceSource International, Inc.
SREV
| $460K | ﹤0.01% |
524,668
+490,724
| +1,446% | +$729K |
|
|
FPRX
2894
DELISTED
Five Prime Therapeutics, Inc.
FPRX
| $460K | ﹤0.01% |
202,666
+35,953
| +22% | +$153K |
|
2895
DHI Group
DHX
$181M
| $459K | ﹤0.01% |
212,446
-55,304
| -21% | -$148K |
|
2896
Kornit Digital
KRNT
$781M
| $459K | ﹤0.01% |
+18,433
| New | +$690K |
|
2897
Dorian LPG
LPG
$1.84B
| $458K | ﹤0.01% |
52,527
-140,090
| -73% | -$1.65M |
|
|
BGFV
2898
DELISTED
Big 5 Sporting Goods
BGFV
| $457K | ﹤0.01% |
427,479
+307,376
| +256% | +$850K |
|
2899
Tilly's
TLYS
$127M
| $457K | ﹤0.01% |
110,572
-377,668
| -77% | -$2.78M |
|
2900
PUT
Travelers Companies
TRV
$79.8B
| $457K | ﹤0.01% |
+4,600
| New | +$572K |
|
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.