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 | |
|---|---|---|---|---|---|---|
|
PROS
3276
DELISTED
ProSight Global, Inc.
PROS
| $566K | ﹤0.01% |
35,109
-274,434
| -89% | -$4.63M |
|
|
VIE
3277
DELISTED
Viela Bio, Inc. Common Stock
VIE
| $566K | ﹤0.01% |
+20,861
| New | +$526K |
|
3278
Cohen & Steers
CNS
$4.2B
| $565K | ﹤0.01% |
+9,004
| New | +$570K |
|
3279
Community Health Systems
CYH
$382M
| $565K | ﹤0.01% |
194,880
+57,662
| +42% | +$200K |
|
|
SURF
3280
DELISTED
Surface Oncology, Inc. Common Stock
SURF
| $562K | ﹤0.01% |
298,831
-191,330
| -39% | -$319K |
|
3281
Barrett Business Services
BBSI
$1.01B
| $561K | ﹤0.01% |
24,820
-54,980
| -69% | -$1.22M |
|
3282
Metallus
MTUS
$833M
| $561K | ﹤0.01% |
71,317
+12,187
| +21% | +$76.4K |
|
|
JNCE
3283
DELISTED
Jounce Therapeutics, Inc. Common Stock
JNCE
| $561K | ﹤0.01% |
64,289
-94,294
| -59% | -$510K |
|
3284
First Internet Bancorp
INBK
$233M
| $560K | ﹤0.01% |
+23,620
| New | +$537K |
|
3285
REX American Resources
REX
$1.39B
| $560K | ﹤0.01% |
40,962
+10,728
| +35% | +$148K |
|
3286
AdaptHealth
AHCO
$1.47B
| $558K | ﹤0.01% |
+50,835
| New | +$505K |
|
|
PRVB
3287
DELISTED
Provention Bio, Inc. Common Stock
PRVB
| $556K | ﹤0.01% |
37,313
+15,989
| +75% | +$142K |
|
3288
PUT
Cummins
CMI
$83.6B
| $555K | ﹤0.01% |
3,100
-3,900
| -56% | -$686K |
|
|
KDMN
3289
CALL
DELISTED
Kadmon Holdings, Inc.
KDMN
| $555K | ﹤0.01% |
+122,500
| New | +$448K |
|
3290
Weibo
WB
$1.97B
| $554K | ﹤0.01% |
11,954
-7,892
| -40% | -$369K |
|
3291
Investar Holding Corp
ISTR
$411M
| $553K | ﹤0.01% |
23,030
+10,229
| +80% | +$252K |
|
|
MOR
3292
DELISTED
MorphoSys AG American Depositary Shares
MOR
| $553K | ﹤0.01% |
15,506
-51,860
| -77% | -$1.55M |
|
3293
CALL
Alaska Air
ALK
$5.11B
| $549K | ﹤0.01% |
+8,100
| New | +$553K |
|
|
DUO
3294
Fangdd Network Group
DUO
$23.5M
| $549K | ﹤0.01% |
+10
| New | +$495K |
|
3295
Vanguard Long-Term Bond ETF
BLV
$5.74B
| $546K | ﹤0.01% |
+5,440
| New | +$551K |
|
3296
Mirum Pharmaceuticals
MIRM
$6.56B
| $546K | ﹤0.01% |
22,271
-103,153
| -82% | -$1.1M |
|
3297
Gogo Inc
GOGO
$525M
| $545K | ﹤0.01% |
85,193
-729,469
| -90% | -$4.25M |
|
|
MEET
3298
DELISTED
The Meet Group, Inc. Common Stock
MEET
| $544K | ﹤0.01% |
108,525
-132,344
| -55% | -$622K |
|
|
B
3299
DELISTED
Barnes Group Inc.
B
| $543K | ﹤0.01% |
8,766
-3,776
| -30% | -$218K |
|
3300
Cogent Communications
CCOI
$635M
| $540K | ﹤0.01% |
8,206
-417,961
| -98% | -$25.2M |
|
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.