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 | |
|---|---|---|---|---|---|---|
|
TRIT
2976
DELISTED
Triterras, Inc. Class A Ordinary Shares
TRIT
| $995K | ﹤0.01% |
+100,000
| New | +$985K |
|
|
SVC
2977
Service Properties Trust
SVC
$1.05B
| $994K | ﹤0.01% |
8,175
-29,129
| -78% | -$3.55M |
|
|
BRW
2978
Saba Capital Income & Opportunities Fund
BRW
$336M
| $993K | ﹤0.01% |
99,106
+77,851
| +366% | +$751K |
|
2979
Badger Meter
BMI
$3.87B
| $988K | ﹤0.01% |
15,211
-204,617
| -93% | -$12.1M |
|
2980
McGrath RentCorp
MGRC
$2.87B
| $985K | ﹤0.01% |
12,874
-67,160
| -84% | -$4.87M |
|
|
TRTN
2981
DELISTED
Triton International Limited
TRTN
| $984K | ﹤0.01% |
24,468
-165,222
| -87% | -$6.11M |
|
|
CMRX
2982
DELISTED
Chimerix, Inc.
CMRX
| $983K | ﹤0.01% |
484,167
+185,154
| +62% | +$341K |
|
2983
Invesco DB Commodity Index Tracking Fund
DBC
$1.69B
| $982K | ﹤0.01% |
+61,549
| New | +$956K |
|
2984
PagerDuty
PD
$830M
| $977K | ﹤0.01% |
41,782
+30,426
| +268% | +$748K |
|
|
GRMN
2985
CALL
Garmin
GRMN
$56.9B
| $976K | ﹤0.01% |
+10,000
| New | +$932K |
|
2986
Vericel Corp
VCEL
$2.38B
| $976K | ﹤0.01% |
56,070
+28,095
| +100% | +$478K |
|
|
TRHC
2987
PUT
DELISTED
Tabula Rasa HealthCare, Inc. Common Stock
TRHC
| $974K | ﹤0.01% |
20,000
+15,000
| +300% | +$702K |
|
|
OSG
2988
Octave Specialty Group
OSG
$257M
| $972K | ﹤0.01% |
45,061
+16,050
| +55% | +$329K |
|
2989
LendingTree
TREE
$551M
| $971K | ﹤0.01% |
3,201
-10,140
| -76% | -$3.36M |
|
|
GNTY
2990
DELISTED
Guaranty Bancshares
GNTY
| $969K | ﹤0.01% |
32,435
+4,167
| +15% | +$121K |
|
2991
Northrim BanCorp
NRIM
$593M
| $963K | ﹤0.01% |
+100,556
| New | +$962K |
|
|
ACGN
2992
DELISTED
Aceragen Inc
ACGN
| $963K | ﹤0.01% |
31,152
-24,323
| -44% | -$905K |
|
2993
James River Group Holdings
JRVR
$219M
| $961K | ﹤0.01% |
+23,315
| New | +$916K |
|
2994
CALL
Smith & Nephew
SNN
$13.7B
| $961K | ﹤0.01% |
20,000
-200,000
| -91% | -$9.03M |
|
2995
Quanex
NX
$825M
| $960K | ﹤0.01% |
56,178
-23,392
| -29% | -$440K |
|
|
PLYM
2996
DELISTED
Plymouth Industrial REIT
PLYM
| $959K | ﹤0.01% |
52,153
-53,269
| -51% | -$981K |
|
2997
iShares Core MSCI Total International Stock ETF
IXUS
$56.8B
| $958K | ﹤0.01% |
+15,482
| New | +$928K |
|
2998
Direxion Daily FTSE China Bull 3X ETF
YINN
$758M
| $954K | ﹤0.01% |
2,158
+184
| +9% | +$69.4K |
|
|
IPHS
2999
DELISTED
Innophos Holdings, Inc.
IPHS
| $954K | ﹤0.01% |
29,842
-54,010
| -64% | -$1.74M |
|
|
DHC
3000
Diversified Healthcare Trust
DHC
$2.15B
| $953K | ﹤0.01% |
112,873
-174,630
| -61% | -$1.47M |
|
Similar funds
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.