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 | |
|---|---|---|---|---|---|---|
3251
Travelers Companies
TRV
$81.1B
| $595K | ﹤0.01% |
4,343
-150,518
| -97% | -$20.5M |
|
|
ADAP
3252
DELISTED
Adaptimmune Therapeutics
ADAP
| $592K | ﹤0.01% |
493,235
-421,181
| -46% | -$449K |
|
3253
Pegasystems
PEGA
$5.09B
| $592K | ﹤0.01% |
+14,870
| New | +$562K |
|
3254
First Trust NASDAQ-100 Technology Index Fund
QTEC
$4.33B
| $590K | ﹤0.01% |
5,899
-341
| -5% | -$31.8K |
|
|
EVBG
3255
DELISTED
Everbridge, Inc. Common Stock
EVBG
| $590K | ﹤0.01% |
7,553
-4,857
| -39% | -$375K |
|
|
NWHM
3256
DELISTED
THE NEW HOME COMPANY INC.
NWHM
| $590K | ﹤0.01% |
126,676
-74,336
| -37% | -$339K |
|
3257
A10 Networks
ATEN
$2.07B
| $587K | ﹤0.01% |
85,376
+68,963
| +420% | +$464K |
|
3258
Neurogene
NGNE
$672M
| $587K | ﹤0.01% |
2,382
-18,078
| -88% | -$1.8M |
|
|
SBBX
3259
DELISTED
SB One Bancorp Common Stock
SBBX
| $585K | ﹤0.01% |
23,465
+3,177
| +16% | +$73.4K |
|
3260
Atlanta Braves Holdings Series B
BATRK
$3.28B
| $584K | ﹤0.01% |
+19,774
| New | +$563K |
|
3261
CALL
Altria Group
MO
$125B
| $584K | ﹤0.01% |
11,700
-68,300
| -85% | -$3.22M |
|
3262
Shore Bancshares
SHBI
$820M
| $583K | ﹤0.01% |
+33,597
| New | +$549K |
|
3263
Open Text
OTEX
$6.28B
| $581K | ﹤0.01% |
13,177
-613,204
| -98% | -$25.8M |
|
3264
Vanguard Tax-Exempt Bond Index Fund
VTEB
$45.2B
| $581K | ﹤0.01% |
+10,848
| New | +$581K |
|
3265
Civeo
CVEO
$356M
| $580K | ﹤0.01% |
37,481
+34,495
| +1,155% | +$432K |
|
3266
Kennametal
KMT
$2.56B
| $580K | ﹤0.01% |
15,717
-307,715
| -95% | -$10.3M |
|
|
ARGO
3267
DELISTED
Argo Group International Holdings, Ltd.
ARGO
| $580K | ﹤0.01% |
8,817
-64,110
| -88% | -$4.19M |
|
3268
iShares MSCI Mexico ETF
EWW
$1.89B
| $579K | ﹤0.01% |
12,860
-171,509
| -93% | -$7.61M |
|
|
COHR
3269
DELISTED
Coherent Inc
COHR
| $578K | ﹤0.01% |
+3,475
| New | +$538K |
|
3270
eGain
EGAN
$186M
| $576K | ﹤0.01% |
72,729
-226,733
| -76% | -$1.75M |
|
3271
Integra LifeSciences
IART
$1.28B
| $574K | ﹤0.01% |
9,841
-201,590
| -95% | -$12M |
|
3272
ORIX
IX
$42.7B
| $574K | ﹤0.01% |
34,435
-22,245
| -39% | -$357K |
|
|
TBHC
3273
DELISTED
The Brand House Collective
TBHC
| $573K | ﹤0.01% |
462,335
-183,016
| -28% | -$245K |
|
3274
Citizens Community Bancorp
CZWI
$212M
| $568K | ﹤0.01% |
46,515
-12,192
| -21% | -$142K |
|
3275
Iridium Communications
IRDM
$4.7B
| $568K | ﹤0.01% |
23,043
+13,644
| +145% | +$327K |
|
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.