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 |
L3Harris
LHX
|
+$282M |
| 2 |
Ameren
AEE
|
+$239M |
| 3 |
Restaurant Brands International
QSR
|
+$192M |
| 4 |
Lowe's Companies
LOW
|
+$190M |
| 5 |
Las Vegas Sands
LVS
|
+$164M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
LyondellBasell Industries
LYB
|
+$441M |
| 2 |
WP
Worldpay, Inc.
WP
|
+$429M |
| 3 |
LLL
L3 Technologies, Inc.
LLL
|
+$412M |
| 4 |
RHT
Red Hat Inc
RHT
|
+$399M |
| 5 |
APC
Anadarko Petroleum
APC
|
+$304M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 10.82% |
| 2 | Financials | 10.34% |
| 3 | Technology | 9.47% |
| 4 | Consumer Discretionary | 8.69% |
| 5 | Industrials | 8.57% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
301
Lam Research
LRCX
$382B
| $50.7M | 0.08% |
2,192,190
+447,860
| +26% | +$9.4M |
|
302
CALL
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
$3.42B
| $50.4M | 0.08% |
563,375
-165,550
| -23% | -$15.6M |
|
303
TransDigm Group
TDG
$69.2B
| $50.3M | 0.08% |
96,578
+22,494
| +30% | +$11.5M |
|
304
RPM International
RPM
$13.7B
| $50.3M | 0.08% |
730,660
+707,947
| +3,117% | +$46.9M |
|
305
Copart
CPRT
$25.9B
| $50.2M | 0.08% |
2,499,172
+2,475,244
| +10,345% | +$48M |
|
|
ZGNX
306
DELISTED
Zogenix, Inc.
ZGNX
| $50.1M | 0.08% |
1,252,337
-341,374
| -21% | -$15.7M |
|
307
iShares 20+ Year Treasury Bond ETF
TLT
$42.1B
| $50.1M | 0.08% |
350,062
+277,162
| +380% | +$38.5M |
|
|
ALDR
308
DELISTED
Alder Biopharmaceuticals
ALDR
| $50.1M | 0.08% |
2,654,751
+2,300,799
| +650% | +$26.3M |
|
309
Northrop Grumman
NOC
$77B
| $49.8M | 0.08% |
132,944
+129,968
| +4,367% | +$46M |
|
310
US Bancorp
USB
$99.6B
| $49.4M | 0.08% |
891,802
+633,337
| +245% | +$34.2M |
|
311
Trimble
TRMB
$12.3B
| $49.3M | 0.08% |
1,270,618
+648,326
| +104% | +$26.1M |
|
312
Robert Half
RHI
$3.61B
| $49.3M | 0.08% |
885,787
-73,770
| -8% | -$4.16M |
|
313
Ralph Lauren
RL
$22.2B
| $48.9M | 0.08% |
512,098
+114,374
| +29% | +$11.3M |
|
314
PUT
Bristol-Myers Squibb
BMY
$127B
| $48.8M | 0.08% |
962,300
+932,300
| +3,108% | +$43.8M |
|
315
CALL
iShares Russell 2000 ETF
IWM
$80.9B
| $48.7M | 0.08% |
321,500
+48,300
| +18% | +$7.38M |
|
316
Woodward
WWD
$25B
| $48.6M | 0.08% |
450,767
-6,546
| -1% | -$720K |
|
|
SBNY
317
DELISTED
Signature Bank
SBNY
| $48.3M | 0.08% |
404,928
-11,068
| -3% | -$1.34M |
|
|
SEE
318
DELISTED
Sealed Air
SEE
| $48M | 0.08% |
1,156,722
-1,494,466
| -56% | -$63.3M |
|
319
PUT
State Street SPDR S&P Biotech ETF
XBI
$10.1B
| $48M | 0.08% |
629,300
+134,000
| +27% | +$11.1M |
|
320
CALL
iPath Series B S&P 500 VIX Short-Term Futures ETN
VXX
$162M
| $48M | 0.08% |
+31,563
| New | +$50.3M |
|
|
ONCE
321
DELISTED
Spark Therapeutics, Inc. Common Stock
ONCE
| $47.9M | 0.08% |
493,633
-169,216
| -26% | -$16.9M |
|
322
Norfolk Southern
NSC
$78.8B
| $47.8M | 0.08% |
266,167
-239,152
| -47% | -$44M |
|
323
PUT
Walt Disney
DIS
$165B
| $47.8M | 0.08% |
366,800
+247,800
| +208% | +$34.3M |
|
324
CALL
State Street Financial Select Sector SPDR ETF
XLF
$55.6B
| $47.7M | 0.08% |
1,702,300
+965,100
| +131% | +$26.6M |
|
325
Netflix
NFLX
$292B
| $47.6M | 0.08% |
1,780,230
-1,123,240
| -39% | -$35.1M |
|
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Millennium Management's Q3 2019 Portfolio in Review
As of Q3 2019, Millennium Management held 4,833 positions worth $63.3B, down 4.9% from $66.5B the previous quarter. Its ten largest holdings account for 7.2% of the portfolio.
Millennium Management's Q3 2019 filing shows 843 new, 1,522 increased, 1,651 reduced and 727 closed positions. Its largest new stake was L3Harris: 1,378,220 shares worth $288M. The largest sale was LyondellBasell Industries, an estimated $441M.
By sector, the portfolio is most concentrated in Healthcare at 11% of assets, down from 12% a quarter earlier, followed by Financials and Technology.
- Millennium Management's largest Q3 2019 buy was L3Harris: 1,378,220 shares worth $288M.
- Millennium Management added most to Ameren in Q3 2019, an estimated $239M increase.
- Millennium Management's biggest Q3 2019 reduction was LyondellBasell Industries, cutting an estimated $441M.
- Millennium Management fully exited Worldpay, Inc. in Q3 2019, selling an estimated $429M.
- Millennium Management's ten largest holdings make up 7.2% of its $63.3B portfolio in Q3 2019.
- Millennium Management opened 843 new positions and closed 727 in Q3 2019.
- Millennium Management's portfolio value fell 4.9% quarter-over-quarter to $63.3B.
Based on Millennium Management's 13F filing for Q3 2019, filed 14 Nov 2019.