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 | |
|---|---|---|---|---|---|---|
|
NTUS
3176
CALL
DELISTED
Natus Medical Inc
NTUS
| $660K | ﹤0.01% |
+20,000
| New | +$641K |
|
3177
PUT
CF Industries
CF
$19.6B
| $659K | ﹤0.01% |
+13,800
| New | +$646K |
|
3178
AvalonBay Communities
AVB
$27.5B
| $658K | ﹤0.01% |
3,138
-81,492
| -96% | -$17.5M |
|
3179
Paylocity
PCTY
$7.75B
| $658K | ﹤0.01% |
5,446
-127,035
| -96% | -$13.9M |
|
|
OPOF
3180
DELISTED
Old Point Financial
OPOF
| $657K | ﹤0.01% |
23,884
-305
| -1% | -$8.16K |
|
3181
CALL
Shake Shack
SHAK
$2.54B
| $655K | ﹤0.01% |
+11,000
| New | +$791K |
|
3182
iShares Silver Trust
SLV
$27.7B
| $655K | ﹤0.01% |
+39,292
| New | +$636K |
|
|
EVBN
3183
DELISTED
Evans Bancorp Inc
EVBN
| $655K | ﹤0.01% |
16,336
-4,072
| -20% | -$159K |
|
|
ETJ
3184
Eaton Vance Risk-Managed Diversified Equity Income Fund
ETJ
$556M
| $653K | ﹤0.01% |
69,978
-95,178
| -58% | -$886K |
|
3185
MediciNova
MNOV
$63.5M
| $653K | ﹤0.01% |
+96,884
| New | +$729K |
|
3186
Intrepid Potash
IPI
$476M
| $651K | ﹤0.01% |
24,010
+22,969
| +2,206% | +$624K |
|
3187
Green Plains
GPRE
$1.15B
| $649K | ﹤0.01% |
42,058
-201,451
| -83% | -$2.74M |
|
3188
First Mid Bancshares
FMBH
$1.4B
| $648K | ﹤0.01% |
+18,371
| New | +$642K |
|
|
DAY
3189
DELISTED
Dayforce
DAY
| $648K | ﹤0.01% |
+9,539
| New | +$527K |
|
3190
CDW
CDW
$18.9B
| $645K | ﹤0.01% |
+4,519
| New | +$598K |
|
3191
Oil States International
OIS
$466M
| $645K | ﹤0.01% |
39,553
-1,131,593
| -97% | -$17.2M |
|
|
HIL
3192
DELISTED
Hill International, Inc. Common Stock
HIL
| $644K | ﹤0.01% |
203,877
-145,966
| -42% | -$436K |
|
|
P
3193
Everpure Inc
P
$23B
| $643K | ﹤0.01% |
37,577
-895,078
| -96% | -$15.8M |
|
3194
CALL
BlackBerry
BB
$4.58B
| $642K | ﹤0.01% |
100,000
| – | – |
|
|
ASNA
3195
DELISTED
Ascena Retail Group, Inc.
ASNA
| $642K | ﹤0.01% |
83,783
-262,287
| -76% | -$2.15M |
|
3196
Franco-Nevada
FNV
$41.3B
| $640K | ﹤0.01% |
6,199
-170,330
| -96% | -$16.5M |
|
3197
PIMCO Active Bond Exchange-Traded Fund
BOND
$8.4B
| $639K | ﹤0.01% |
5,924
+1,932
| +48% | +$209K |
|
|
THQ
3198
abrdn Healthcare Opportunities Fund
THQ
$784M
| $639K | ﹤0.01% |
+33,498
| New | +$606K |
|
|
TVRD
3199
Tvardi Therapeutics
TVRD
$20.1M
| $639K | ﹤0.01% |
+1,103
| New | +$774K |
|
3200
Adicet Bio
ACET
$77.6M
| $638K | ﹤0.01% |
3,824
+3,474
| +993% | +$1.76M |
|
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.