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 | |
|---|---|---|---|---|---|---|
|
MASI
3126
DELISTED
Masimo
MASI
| $723K | ﹤0.01% |
4,577
-10,020
| -69% | -$1.51M |
|
|
PRSU
3127
Pursuit Attractions and Hospitality Inc
PRSU
$1.45B
| $723K | ﹤0.01% |
10,706
+3,229
| +43% | +$209K |
|
3128
Lumentum
LITE
$46.9B
| $722K | ﹤0.01% |
9,102
-196,451
| -96% | -$12.9M |
|
3129
CALL
Royal Caribbean
RCL
$86.8B
| $721K | ﹤0.01% |
5,400
-9,500
| -64% | -$1.11M |
|
|
TCRR
3130
DELISTED
TCR2 Therapeutics Inc. Common Stock
TCRR
| $717K | ﹤0.01% |
+50,212
| New | +$776K |
|
3131
Safety Insurance
SAFT
$1.51B
| $715K | ﹤0.01% |
7,731
+689
| +10% | +$67.2K |
|
3132
PUT
Hain Celestial
HAIN
$44.6M
| $714K | ﹤0.01% |
27,500
-222,500
| -89% | -$5.32M |
|
3133
SouthState Bank Corp
SSB
$10.3B
| $713K | ﹤0.01% |
8,221
-30,127
| -79% | -$2.44M |
|
|
VNTR
3134
DELISTED
Venator Materials PLC
VNTR
| $712K | ﹤0.01% |
185,995
-219,992
| -54% | -$715K |
|
3135
Alarm.com
ALRM
$2.75B
| $711K | ﹤0.01% |
16,538
+6,673
| +68% | +$301K |
|
3136
CALL
Ford
F
$60.9B
| $710K | ﹤0.01% |
76,300
-1,777,300
| -96% | -$16M |
|
3137
iShares Russell Mid-Cap Growth ETF
IWP
$19.4B
| $710K | ﹤0.01% |
9,302
+6,328
| +213% | +$464K |
|
3138
X4 Pharmaceuticals
XFOR
$377M
| $710K | ﹤0.01% |
2,211
-4,077
| -65% | -$1.46M |
|
3139
Tootsie Roll Industries
TR
$2.97B
| $709K | ﹤0.01% |
25,552
-33,932
| -57% | -$959K |
|
3140
Culp Inc
CULP
$45.2M
| $708K | ﹤0.01% |
52,004
+16,951
| +48% | +$260K |
|
|
TEN
3141
DELISTED
Tenneco Inc. Class A Voting Common Stock
TEN
| $708K | ﹤0.01% |
54,041
-243,180
| -82% | -$3.19M |
|
3142
CALL
Hershey
HSY
$37.3B
| $706K | ﹤0.01% |
+4,800
| New | +$712K |
|
3143
CALL
Leidos
LDOS
$14.4B
| $705K | ﹤0.01% |
+7,200
| New | +$635K |
|
3144
Ormat Technologies
ORA
$5.8B
| $705K | ﹤0.01% |
9,454
+5,420
| +134% | +$410K |
|
3145
TELA Bio
TELA
$30.3M
| $705K | ﹤0.01% |
+54,423
| New | +$666K |
|
3146
AAR Corp
AIR
$5.4B
| $703K | ﹤0.01% |
+15,589
| New | +$677K |
|
|
GRFS
3147
PUT
Grifois
GRFS
$5.55B
| $699K | ﹤0.01% |
+30,000
| New | +$654K |
|
3148
PUT
VF Corp
VFC
$5.92B
| $698K | ﹤0.01% |
+7,000
| New | +$627K |
|
3149
Tilray
TLRY
$493M
| $697K | ﹤0.01% |
+4,070
| New | +$842K |
|
3150
Chemours
CC
$2.48B
| $695K | ﹤0.01% |
38,405
-200,827
| -84% | -$3.34M |
|
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.