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 | |
|---|---|---|---|---|---|---|
3001
RLJ Lodging Trust
RLJ
$1.87B
| $375K | ﹤0.01% |
+48,601
| New | +$653K |
|
3002
Universal Corp
UVV
$1.3B
| $373K | ﹤0.01% |
8,447
-277
| -3% | -$13.8K |
|
3003
Asure Software
ASUR
$248M
| $372K | ﹤0.01% |
+62,476
| New | +$485K |
|
|
UHT
3004
Universal Health Realty Income Trust
UHT
$589M
| $372K | ﹤0.01% |
3,691
-1,467
| -28% | -$162K |
|
3005
PUT
Masco
MAS
$15.2B
| $370K | ﹤0.01% |
+10,700
| New | +$467K |
|
3006
Dime Commercial Bancshares
DCOM
$1.83B
| $369K | ﹤0.01% |
17,420
+4,771
| +38% | +$135K |
|
3007
W.W. Grainger
GWW
$60.7B
| $368K | ﹤0.01% |
1,479
-218,734
| -99% | -$64.7M |
|
3008
BP
BP
$106B
| $367K | ﹤0.01% |
15,038
-2,762,354
| -99% | -$89.3M |
|
|
Y
3009
DELISTED
Alleghany Corp
Y
| $366K | ﹤0.01% |
663
-8,525
| -93% | -$6.13M |
|
3010
CBRE Group
CBRE
$43.8B
| $365K | ﹤0.01% |
+9,683
| New | +$535K |
|
3011
Harmonic Inc
HLIT
$1.3B
| $365K | ﹤0.01% |
63,376
-977,735
| -94% | -$6.56M |
|
|
AVTA
3012
DELISTED
Avantax, Inc. Common Stock
AVTA
| $365K | ﹤0.01% |
+30,256
| New | +$584K |
|
3013
SB Financial Group
SBFG
$166M
| $364K | ﹤0.01% |
+34,415
| New | +$571K |
|
|
NBIS
3014
CALL
Nebius Group N.V.
NBIS
$55.6B
| $364K | ﹤0.01% |
+10,700
| New | +$441K |
|
3015
Citi Trends
CTRN
$606M
| $363K | ﹤0.01% |
40,747
+18,721
| +85% | +$362K |
|
3016
CALL
Deckers Outdoor
DECK
$13.5B
| $362K | ﹤0.01% |
+16,200
| New | +$451K |
|
3017
Genpact
G
$5.98B
| $362K | ﹤0.01% |
12,382
-53,132
| -81% | -$2.08M |
|
3018
Oxford Square Capital
OXSQ
$158M
| $362K | ﹤0.01% |
141,796
-76,615
| -35% | -$382K |
|
3019
First Hawaiian
FHB
$3.38B
| $361K | ﹤0.01% |
21,852
-47,237
| -68% | -$1.19M |
|
3020
Commerce Bancshares
CBSH
$8.58B
| $360K | ﹤0.01% |
+9,582
| New | +$454K |
|
|
OPOF
3021
DELISTED
Old Point Financial
OPOF
| $360K | ﹤0.01% |
23,839
-45
| -0.2% | -$1.09K |
|
|
B
3022
DELISTED
Barnes Group Inc.
B
| $360K | ﹤0.01% |
8,617
-149
| -2% | -$8.41K |
|
|
CSGS
3023
DELISTED
CSG Systems International
CSGS
| $359K | ﹤0.01% |
8,572
-191,691
| -96% | -$9.12M |
|
|
EXTN
3024
DELISTED
Exterran Corporation
EXTN
| $359K | ﹤0.01% |
74,815
+14,697
| +24% | +$88.1K |
|
3025
Corporacion America
CAAP
$4.24B
| $358K | ﹤0.01% |
193,595
-151,297
| -44% | -$681K |
|
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.