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 | |
|---|---|---|---|---|---|---|
3201
STMicroelectronics
STM
$47.1B
| $267K | ﹤0.01% |
+12,483
| New | +$329K |
|
|
BRFS
3202
DELISTED
BRF SA
BRFS
| $266K | ﹤0.01% |
91,618
-1,211,899
| -93% | -$7.63M |
|
3203
ENI
E
$76.5B
| $266K | ﹤0.01% |
13,402
+1,200
| +10% | +$30.4K |
|
3204
Glacier Bancorp
GBCI
$6.51B
| $266K | ﹤0.01% |
7,826
-72,556
| -90% | -$2.89M |
|
3205
Sumitomo Mitsui Financial
SMFG
$161B
| $266K | ﹤0.01% |
+55,605
| New | +$358K |
|
3206
PUT
GSK
GSK
$103B
| $265K | ﹤0.01% |
5,600
-24,000
| -81% | -$1.28M |
|
3207
City Holding Co
CHCO
$2.06B
| $264K | ﹤0.01% |
3,974
-19,946
| -83% | -$1.47M |
|
3208
Cato Corp
CATO
$68.5M
| $263K | ﹤0.01% |
24,661
-44,303
| -64% | -$670K |
|
|
JBGS
3209
JBG SMITH
JBGS
$711M
| $263K | ﹤0.01% |
+8,274
| New | +$311K |
|
3210
Bristow Group
VTOL
$1.31B
| $263K | ﹤0.01% |
24,634
-12,965
| -34% | -$230K |
|
|
WUBA
3211
DELISTED
58.com Inc
WUBA
| $263K | ﹤0.01% |
5,396
-71,285
| -93% | -$4.1M |
|
|
HUIZ
3212
Huize Holding Ltd
HUIZ
| $262K | ﹤0.01% |
+6,383
| New | +$321K |
|
3213
The GEO Group
GEO
$4.2B
| $261K | ﹤0.01% |
21,434
-1,454
| -6% | -$22.2K |
|
|
FL
3214
CALL
DELISTED
Foot Locker
FL
| $260K | ﹤0.01% |
11,800
+400
| +4% | +$13.6K |
|
|
PPD
3215
DELISTED
PPD, Inc. Common Stock
PPD
| $260K | ﹤0.01% |
+14,614
| New | +$367K |
|
3216
PUT
3M
MMM
$93.9B
| $259K | ﹤0.01% |
+2,272
| New | +$299K |
|
|
SCPH
3217
DELISTED
scPharmaceuticals
SCPH
| $259K | ﹤0.01% |
+35,059
| New | +$254K |
|
|
MANT
3218
DELISTED
Mantech International Corp
MANT
| $259K | ﹤0.01% |
3,563
-32,528
| -90% | -$2.54M |
|
|
AY
3219
DELISTED
Atlantica Sustainable Infrastructure plc Ordinary Shares
AY
| $258K | ﹤0.01% |
11,570
-467,928
| -98% | -$12.6M |
|
3220
iShares 0-1 Year Treasury Bond ETF
SHV
$20.6B
| $257K | ﹤0.01% |
2,316
-215,816
| -99% | -$23.9M |
|
3221
CALL
Akamai
AKAM
$17.8B
| $256K | ﹤0.01% |
2,800
| – | – |
|
3222
Marriott Vacations Worldwide
VAC
$3.49B
| $256K | ﹤0.01% |
4,607
-20,828
| -82% | -$2.16M |
|
3223
Organogenesis Holdings
ORGO
$305M
| $255K | ﹤0.01% |
78,956
-82,830
| -51% | -$355K |
|
|
ITIC
3224
Investors Title Co
ITIC
$546M
| $253K | ﹤0.01% |
+1,980
| New | +$305K |
|
|
LNW
3225
DELISTED
Light & Wonder
LNW
| $253K | ﹤0.01% |
26,111
-19,328
| -43% | -$395K |
|
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.