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 | |
|---|---|---|---|---|---|---|
3176
iShares Core S&P Small-Cap ETF
IJR
$112B
| $278K | ﹤0.01% |
4,957
-449,630
| -99% | -$33.5M |
|
3177
Ziff Davis
ZD
$1.94B
| $278K | ﹤0.01% |
4,277
-9,825
| -70% | -$767K |
|
|
MRO
3178
PUT
DELISTED
Marathon Oil Corporation
MRO
| $278K | ﹤0.01% |
84,400
-22,500
| -21% | -$207K |
|
|
SRT
3179
DELISTED
Startek Inc.
SRT
| $278K | ﹤0.01% |
74,008
-4,060
| -5% | -$27.2K |
|
3180
Central Garden & Pet Co
CENT
$2.76B
| $277K | ﹤0.01% |
12,610
-169,925
| -93% | -$4.02M |
|
3181
CALL
Marriott International
MAR
$94.2B
| $277K | ﹤0.01% |
3,700
-27,800
| -88% | -$3.46M |
|
3182
Citizens Community Bancorp
CZWI
$210M
| $276K | ﹤0.01% |
42,752
-3,763
| -8% | -$40.3K |
|
3183
MGE Energy Inc
MGEE
$3.03B
| $276K | ﹤0.01% |
+4,214
| New | +$314K |
|
3184
Sonic Automotive
SAH
$2.74B
| $276K | ﹤0.01% |
20,756
-3,098
| -13% | -$80.8K |
|
3185
Travel + Leisure Co
TNL
$4.77B
| $276K | ﹤0.01% |
12,711
-45,716
| -78% | -$1.91M |
|
3186
Loews
L
$23.7B
| $275K | ﹤0.01% |
7,909
-37,063
| -82% | -$1.75M |
|
3187
IES Holdings
IESC
$15.6B
| $274K | ﹤0.01% |
15,499
-7,674
| -33% | -$179K |
|
|
AEGN
3188
DELISTED
Aegion Corp
AEGN
| $274K | ﹤0.01% |
15,294
-118,123
| -89% | -$2.34M |
|
3189
CALL
W.W. Grainger
GWW
$60.7B
| $273K | ﹤0.01% |
+1,100
| New | +$325K |
|
3190
Korro Bio
KRRO
$166M
| $273K | ﹤0.01% |
306
-2,289
| -88% | -$2.47M |
|
3191
PUT
MongoDB
MDB
$30.3B
| $273K | ﹤0.01% |
+2,000
| New | +$295K |
|
3192
State Street SPDR Nuveen ICE Short Term Municipal Bond ETF
SHM
$3.47B
| $273K | ﹤0.01% |
5,576
-55,924
| -91% | -$2.73M |
|
3193
Fabrinet
FN
$18.7B
| $272K | ﹤0.01% |
4,977
-88
| -2% | -$5.32K |
|
|
ALYA
3194
DELISTED
Alithya Group Inc Class A Subordinate Voting Shares
ALYA
| $272K | ﹤0.01% |
154,690
-1,204
| -0.8% | -$3.06K |
|
3195
Establishment Labs
ESTA
$2.69B
| $271K | ﹤0.01% |
18,733
-57,892
| -76% | -$1.28M |
|
3196
Cenovus Energy
CVE
$51.1B
| $270K | ﹤0.01% |
133,770
-133,935
| -50% | -$939K |
|
3197
Rhinebeck Bancorp
RBKB
$190M
| $270K | ﹤0.01% |
42,397
-188
| -0.4% | -$1.88K |
|
3198
Sutro Biopharma
STRO
$416M
| $270K | ﹤0.01% |
2,648
-682
| -20% | -$71.7K |
|
|
IMMU
3199
PUT
DELISTED
Immunomedics Inc
IMMU
| $270K | ﹤0.01% |
20,000
| – | – |
|
3200
Nexa Resources
NEXA
$1.86B
| $268K | ﹤0.01% |
+76,916
| New | +$543K |
|
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.