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 | |
|---|---|---|---|---|---|---|
3001
Vince Holding Corp
VNCE
$79.9M
| $952K | ﹤0.01% |
+55,019
| New | +$1.15M |
|
3002
Strategic Education
STRA
$1.98B
| $948K | ﹤0.01% |
5,966
-24,243
| -80% | -$3.37M |
|
|
SPPI
3003
CALL
DELISTED
Spectrum Pharmaceuticals Inc
SPPI
| $946K | ﹤0.01% |
+260,000
| New | +$2.1M |
|
3004
Republic Bancorp
RBCAA
$1.96B
| $944K | ﹤0.01% |
20,166
-10,873
| -35% | -$492K |
|
3005
Mativ Holdings
MATV
$479M
| $943K | ﹤0.01% |
22,454
-6,300
| -22% | -$262K |
|
3006
Jacobs Solutions
J
$16B
| $941K | ﹤0.01% |
+12,670
| New | +$959K |
|
3007
PUT
EOG Resources
EOG
$77.7B
| $938K | ﹤0.01% |
11,200
+6,000
| +115% | +$440K |
|
3008
Park-Ohio Holdings
PKOH
$550M
| $938K | ﹤0.01% |
27,883
+18,566
| +199% | +$585K |
|
3009
Ingersoll Rand
IR
$33.1B
| $937K | ﹤0.01% |
25,535
+15,989
| +167% | +$525K |
|
|
HALL
3010
DELISTED
Hallmark Financial Services, Inc.
HALL
| $934K | ﹤0.01% |
+5,318
| New | +$972K |
|
|
PINE
3011
Alpine Income Property Trust
PINE
$336M
| $926K | ﹤0.01% |
+48,678
| New | +$916K |
|
|
BEAT
3012
CALL
DELISTED
BioTelemetry, Inc.
BEAT
| $926K | ﹤0.01% |
+20,000
| New | +$866K |
|
3013
CALL
Orthofix Medical
OFIX
$492M
| $924K | ﹤0.01% |
20,000
+10,000
| +100% | +$470K |
|
|
LAND
3014
Gladstone Land Corp
LAND
$365M
| $921K | ﹤0.01% |
+71,020
| New | +$872K |
|
3015
America's Car Mart
CRMT
$25.9M
| $920K | ﹤0.01% |
8,393
+4,139
| +97% | +$401K |
|
|
AUD
3016
DELISTED
Audacy, Inc.
AUD
| $919K | ﹤0.01% |
198,066
+147,133
| +289% | +$615K |
|
3017
iShares Russell 3000 ETF
IWV
$19.2B
| $917K | ﹤0.01% |
4,865
+1,814
| +59% | +$327K |
|
3018
CALL
Public Storage
PSA
$61.5B
| $916K | ﹤0.01% |
+4,300
| New | +$954K |
|
3019
Scholastic
SCHL
$774M
| $915K | ﹤0.01% |
23,804
+16,096
| +209% | +$607K |
|
3020
Virgin Galactic
SPCE
$315M
| $912K | ﹤0.01% |
3,947
-62,500
| -94% | -$12.2M |
|
|
SPPI
3021
PUT
DELISTED
Spectrum Pharmaceuticals Inc
SPPI
| $910K | ﹤0.01% |
250,000
-468,600
| -65% | -$3.79M |
|
3022
Photronics
PLAB
$1.65B
| $907K | ﹤0.01% |
57,522
+44,057
| +327% | +$554K |
|
3023
Relmada Therapeutics
RLMD
$540M
| $905K | ﹤0.01% |
+23,201
| New | +$705K |
|
|
AVYA
3024
CALL
DELISTED
Avaya Holdings Corp. Common Stock
AVYA
| $899K | ﹤0.01% |
66,600
-196,700
| -75% | -$2.42M |
|
|
TMQ
3025
Trilogy Metals
TMQ
$504M
| $898K | ﹤0.01% |
345,410
-149,379
| -30% | -$289K |
|
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.