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 | |
|---|---|---|---|---|---|---|
3026
Vanguard Short-Term Treasury ETF
VGSH
$29.3B
| $358K | ﹤0.01% |
5,741
-53,702
| -90% | -$3.3M |
|
|
TGH
3027
DELISTED
Textainer Group Holdings limited
TGH
| $358K | ﹤0.01% |
43,514
-196,844
| -82% | -$1.8M |
|
|
ALNA
3028
DELISTED
Allena Pharmaceuticals
ALNA
| $358K | ﹤0.01% |
371,576
-181,470
| -33% | -$363K |
|
3029
Adtran
ADTN
$641M
| $357K | ﹤0.01% |
46,487
-118,428
| -72% | -$1.01M |
|
3030
Boston Omaha
BOC
$438M
| $357K | ﹤0.01% |
+19,717
| New | +$378K |
|
3031
Imperial Oil
IMO
$60.6B
| $356K | ﹤0.01% |
+31,591
| New | +$659K |
|
3032
Park National Corp
PRK
$3.75B
| $356K | ﹤0.01% |
4,585
-325
| -7% | -$30.3K |
|
3033
Weyco Group
WEYS
$418M
| $356K | ﹤0.01% |
+17,650
| New | +$396K |
|
|
SOGP
3034
Sound Group
SOGP
$53.2M
| $355K | ﹤0.01% |
+5,072
| New | +$470K |
|
|
AGFS
3035
DELISTED
AgroFresh Solutions Inc
AGFS
| $355K | ﹤0.01% |
216,327
+12,960
| +6% | +$27.9K |
|
3036
Arcutis Biotherapeutics
ARQT
$3.39B
| $354K | ﹤0.01% |
+11,884
| New | +$319K |
|
|
TMQ
3037
Trilogy Metals
TMQ
$608M
| $354K | ﹤0.01% |
260,450
-84,960
| -25% | -$160K |
|
3038
Twilio
TWLO
$29.3B
| $354K | ﹤0.01% |
+3,952
| New | +$434K |
|
3039
Vanguard Total Bond Market
BND
$158B
| $353K | ﹤0.01% |
4,135
-138,857
| -97% | -$11.8M |
|
3040
Milestone Pharmaceuticals
MIST
$143M
| $353K | ﹤0.01% |
191,858
+162,364
| +550% | +$2.81M |
|
3041
TELA Bio
TELA
$41M
| $353K | ﹤0.01% |
45,171
-9,252
| -17% | -$125K |
|
3042
Viemed Healthcare
VMD
$376M
| $353K | ﹤0.01% |
+74,107
| New | +$367K |
|
|
TTM
3043
DELISTED
Tata Motors Limited
TTM
| $353K | ﹤0.01% |
74,737
-369,115
| -83% | -$3.7M |
|
3044
Crescent Capital BDC
CCAP
$416M
| $352K | ﹤0.01% |
+36,449
| New | +$503K |
|
3045
iShares MSCI South Korea ETF
EWY
$24.6B
| $352K | ﹤0.01% |
7,500
-12,470
| -62% | -$702K |
|
3046
Cytosorbents Corp
CTSO
$24.2M
| $351K | ﹤0.01% |
+45,469
| New | +$230K |
|
|
ONEM
3047
DELISTED
1Life Healthcare
ONEM
| $351K | ﹤0.01% |
+19,360
| New | +$424K |
|
3048
Progyny
PGNY
$2.46B
| $349K | ﹤0.01% |
16,492
-118,537
| -88% | -$3.26M |
|
|
TPHS
3049
DELISTED
Trinity Place Holdings Inc.com
TPHS
| $349K | ﹤0.01% |
191,914
-6,734
| -3% | -$19.4K |
|
|
SFUN
3050
DELISTED
Fang Holdings Limited American Depositary Shares (each representing ten Class A Ordinary Shares)
SFUN
| $349K | ﹤0.01% |
25,849
-9,816
| -28% | -$237K |
|
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.