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 | |
|---|---|---|---|---|---|---|
2926
KLX Energy Services
KLXE
$43.1M
| $1.11M | ﹤0.01% |
34,638
-32,647
| -49% | -$1.21M |
|
2927
PUT
Wynn Resorts
WYNN
$10.3B
| $1.11M | ﹤0.01% |
8,000
+400
| +5% | +$48.7K |
|
2928
Koppers
KOP
$946M
| $1.1M | ﹤0.01% |
28,901
-246,783
| -90% | -$8.67M |
|
2929
CALL
Hartford Financial Services
HIG
$39.9B
| $1.1M | ﹤0.01% |
+18,100
| New | +$1.09M |
|
2930
Newell Brands
NWL
$2.21B
| $1.1M | ﹤0.01% |
57,122
-608,258
| -91% | -$11.7M |
|
2931
CALL
Bio-Techne
TECH
$11.2B
| $1.1M | ﹤0.01% |
+20,000
| New | +$1.05M |
|
2932
PUT
DexCom
DXCM
$29B
| $1.09M | ﹤0.01% |
20,000
-20,000
| -50% | -$949K |
|
2933
CALL
Marriott Vacations Worldwide
VAC
$3.53B
| $1.09M | ﹤0.01% |
+8,500
| New | +$995K |
|
2934
PUT
Corpay
CPAY
$25.7B
| $1.09M | ﹤0.01% |
3,800
+300
| +9% | +$88.5K |
|
|
PARAA
2935
DELISTED
Paramount Global Class A
PARAA
| $1.09M | ﹤0.01% |
24,276
-92,854
| -79% | -$3.93M |
|
|
BXRX
2936
DELISTED
Baudax Bio, Inc. Common Stock
BXRX
| $1.08M | ﹤0.01% |
+112
| New | +$956K |
|
2937
Peloton Interactive
PTON
$2.85B
| $1.08M | ﹤0.01% |
38,054
-713,354
| -95% | -$19.2M |
|
2938
CALL
LeMaitre Vascular
LMAT
$2.37B
| $1.08M | ﹤0.01% |
+30,000
| New | +$1.04M |
|
2939
Brink's
BCO
$5.01B
| $1.08M | ﹤0.01% |
11,885
-63,588
| -84% | -$5.62M |
|
2940
Sunrun
RUN
$2.26B
| $1.08M | ﹤0.01% |
78,029
-517,623
| -87% | -$7.72M |
|
2941
Senseonics Holdings Inc
SENS
$254M
| $1.08M | ﹤0.01% |
58,863
+1,351
| +2% | +$26.6K |
|
|
WORK
2942
DELISTED
Slack Technologies, Inc.
WORK
| $1.08M | ﹤0.01% |
47,965
-320,882
| -87% | -$7.14M |
|
|
ORTX
2943
DELISTED
Orchard Therapeutics plc American Depositary Shares
ORTX
| $1.07M | ﹤0.01% |
7,792
-30,548
| -80% | -$3.71M |
|
2944
Cohen & Steers Quality Income Realty Fund
RQI
$1.71B
| $1.07M | ﹤0.01% |
+71,800
| New | +$1.08M |
|
2945
ADMA Biologics
ADMA
$2.02B
| $1.06M | ﹤0.01% |
266,101
-596,418
| -69% | -$2.6M |
|
2946
Alamo Group
ALG
$1.91B
| $1.06M | ﹤0.01% |
8,474
-13,488
| -61% | -$1.58M |
|
|
MGI
2947
DELISTED
MoneyGram International, Inc. New
MGI
| $1.06M | ﹤0.01% |
504,448
+184,922
| +58% | +$594K |
|
2948
CALL
Abeona Therapeutics
ABEO
$355M
| $1.06M | ﹤0.01% |
12,912
+2,912
| +29% | +$205K |
|
2949
Paysign
PAYS
$517M
| $1.06M | ﹤0.01% |
104,053
+39,846
| +62% | +$419K |
|
2950
Brown-Forman Class A
BF.A
$13.7B
| $1.05M | ﹤0.01% |
16,704
-1,809
| -10% | -$111K |
|
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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.