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 | |
|---|---|---|---|---|---|---|
2901
W&T Offshore
WTI
$484M
| $457K | ﹤0.01% |
268,999
+196,223
| +270% | +$669K |
|
2902
CALL
Johnson Controls International
JCI
$93.1B
| $456K | ﹤0.01% |
16,900
+4,600
| +37% | +$171K |
|
2903
State Street SPDR Bloomberg Short Term High Yield Bond ETF
SJNK
$4.75B
| $455K | ﹤0.01% |
19,304
+9,004
| +87% | +$234K |
|
2904
S&T Bancorp
STBA
$1.85B
| $455K | ﹤0.01% |
16,656
+8,600
| +107% | +$300K |
|
2905
Alta Equipment Group
ALTG
$243M
| $454K | ﹤0.01% |
106,344
-18,941
| -15% | -$162K |
|
2906
VolitionRx Ltd
VNRX
$9.58M
| $454K | ﹤0.01% |
+7,306
| New | +$609K |
|
|
CYBR
2907
PUT
DELISTED
CyberArk
CYBR
| $453K | ﹤0.01% |
+5,300
| New | +$611K |
|
2908
CALL
Check Point Software Technologies
CHKP
$12.8B
| $452K | ﹤0.01% |
4,500
| – | – |
|
2909
Invesco Mortgage Capital
IVR
$761M
| $452K | ﹤0.01% |
13,241
+3,055
| +30% | +$449K |
|
2910
Townsquare Media
TSQ
$114M
| $452K | ﹤0.01% |
+98,021
| New | +$811K |
|
2911
Vipshop
VIPS
$7.46B
| $452K | ﹤0.01% |
28,995
-983,897
| -97% | -$14M |
|
2912
EPAM Systems
EPAM
$5.74B
| $451K | ﹤0.01% |
2,431
-10,061
| -81% | -$2.17M |
|
|
GTT
2913
DELISTED
GTT Communications, Inc.
GTT
| $450K | ﹤0.01% |
56,648
+27,101
| +92% | +$327K |
|
2914
A10 Networks
ATEN
$2.22B
| $449K | ﹤0.01% |
72,299
-13,077
| -15% | -$83.6K |
|
2915
NBT Bancorp
NBTB
$2.77B
| $449K | ﹤0.01% |
13,869
-13,776
| -50% | -$505K |
|
|
LTRPA
2916
DELISTED
Liberty TripAdvisor Holdings, Inc. Series A
LTRPA
| $449K | ﹤0.01% |
249,434
-21,852
| -8% | -$110K |
|
|
SPNE
2917
DELISTED
SeaSpine Holdings Corporation Common Stock
SPNE
| $449K | ﹤0.01% |
54,938
-59,444
| -52% | -$783K |
|
2918
BioNTech
BNTX
$23.2B
| $448K | ﹤0.01% |
7,673
-132,532
| -95% | -$5.16M |
|
2919
Community Health Systems
CYH
$416M
| $447K | ﹤0.01% |
133,782
-61,098
| -31% | -$248K |
|
2920
Equity Bancshares
EQBK
$1.06B
| $446K | ﹤0.01% |
+25,855
| New | +$651K |
|
2921
Movado Group
MOV
$867M
| $446K | ﹤0.01% |
+37,742
| New | +$596K |
|
2922
CALL
ASML
ASML
$645B
| $445K | ﹤0.01% |
+1,700
| New | +$484K |
|
2923
Varonis Systems
VRNS
$4.98B
| $445K | ﹤0.01% |
20,982
-122,493
| -85% | -$3.21M |
|
2924
PUT
Emerson Electric
EMR
$90.6B
| $443K | ﹤0.01% |
9,300
-21,900
| -70% | -$1.44M |
|
2925
State Street Financial Select Sector SPDR ETF
XLF
$58.6B
| $443K | ﹤0.01% |
21,300
-296,719
| -93% | -$8.17M |
|
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.