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 | |
|---|---|---|---|---|---|---|
2926
PUT
Under Armour
UAA
$2.88B
| $442K | ﹤0.01% |
48,000
-28,600
| -37% | -$460K |
|
2927
CALL
State Street Communication Services Select Sector SPDR ETF
XLC
$22.3B
| $442K | ﹤0.01% |
10,000
-200,000
| -95% | -$10.3M |
|
2928
Travelers Companies
TRV
$79.8B
| $440K | ﹤0.01% |
4,432
+89
| +2% | +$11.1K |
|
2929
Brown-Forman Class B
BF.B
$13B
| $438K | ﹤0.01% |
+7,893
| New | +$508K |
|
2930
Grupo Aeroportuario Centro Norte
OMAB
$5.29B
| $438K | ﹤0.01% |
16,259
-10,702
| -40% | -$560K |
|
2931
PUT
Pinduoduo
PDD
$129B
| $436K | ﹤0.01% |
+12,100
| New | +$442K |
|
2932
Westamerica Bancorp
WABC
$1.38B
| $436K | ﹤0.01% |
7,414
-24,560
| -77% | -$1.53M |
|
2933
PUT
Agnico Eagle Mines
AEM
$83.8B
| $434K | ﹤0.01% |
+10,900
| New | +$574K |
|
2934
Triumph Financial Inc
TFIN
$1.87B
| $432K | ﹤0.01% |
16,600
+5,192
| +46% | +$180K |
|
2935
INNOVATE Corp
VATE
$106M
| $431K | ﹤0.01% |
27,826
+9,756
| +54% | +$281K |
|
2936
Belden
BDC
$5.01B
| $430K | ﹤0.01% |
+11,909
| New | +$546K |
|
2937
Hexcel
HXL
$7.89B
| $430K | ﹤0.01% |
11,571
-47,432
| -80% | -$3.06M |
|
|
BRG
2938
DELISTED
Bluerock Residential Growth REIT, Inc.
BRG
| $430K | ﹤0.01% |
77,267
+25,305
| +49% | +$263K |
|
|
DISCK
2939
DELISTED
Discovery, Inc. Series C Common Stock
DISCK
| $429K | ﹤0.01% |
24,460
-302,389
| -93% | -$7.8M |
|
|
MCHB
2940
Mechanics Bancorp
MCHB
$3.68B
| $427K | ﹤0.01% |
+19,205
| New | +$556K |
|
|
BRSP
2941
BrightSpire Capital
BRSP
$633M
| $423K | ﹤0.01% |
107,264
-293,377
| -73% | -$3.22M |
|
2942
CALL
Twist Bioscience
TWST
$7.21B
| $422K | ﹤0.01% |
+13,800
| New | +$371K |
|
2943
Oil States International
OIS
$502M
| $420K | ﹤0.01% |
206,888
+167,335
| +423% | +$1.54M |
|
2944
Transocean
RIG
$5.69B
| $420K | ﹤0.01% |
361,725
-1,126,839
| -76% | -$4.4M |
|
|
SCWX
2945
DELISTED
SecureWorks Corp Class A Common Stock
SCWX
| $420K | ﹤0.01% |
36,485
-50,100
| -58% | -$714K |
|
|
VIA
2946
DELISTED
Via Renewables, Inc. Class A Common Stock
VIA
| $420K | ﹤0.01% |
13,410
-13,198
| -50% | -$579K |
|
2947
Northern Oil and Gas
NOG
$2.15B
| $418K | ﹤0.01% |
63,108
-294,211
| -82% | -$4.3M |
|
2948
Standex International
SXI
$3.95B
| $418K | ﹤0.01% |
8,528
+5,099
| +149% | +$335K |
|
2949
Tapestry
TPR
$32.2B
| $418K | ﹤0.01% |
32,311
-2,162,844
| -99% | -$50.7M |
|
|
NLSN
2950
DELISTED
Nielsen Holdings plc
NLSN
| $418K | ﹤0.01% |
33,352
-386,533
| -92% | -$7.24M |
|
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.