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 | |
|---|---|---|---|---|---|---|
3326
CALL
Emerson Electric
EMR
$92.1B
| $210K | ﹤0.01% |
+4,400
| New | +$290K |
|
3327
CALL
HP
HPQ
$25.8B
| $210K | ﹤0.01% |
12,100
-211,000
| -95% | -$4.27M |
|
3328
Plumas Bancorp
PLBC
$426M
| $210K | ﹤0.01% |
+11,337
| New | +$274K |
|
3329
CALL
TJX Companies
TJX
$176B
| $210K | ﹤0.01% |
4,400
-56,100
| -93% | -$3.23M |
|
3330
Applied Industrial Technologies
AIT
$13.2B
| $209K | ﹤0.01% |
4,573
-39,035
| -90% | -$2.31M |
|
3331
Farmers National Banc Corp
FMNB
$940M
| $209K | ﹤0.01% |
17,959
+4,271
| +31% | +$63.2K |
|
3332
Talos Energy
TALO
$2.36B
| $209K | ﹤0.01% |
36,429
-84,877
| -70% | -$1.51M |
|
|
GMS
3333
DELISTED
GMS Inc
GMS
| $208K | ﹤0.01% |
+13,201
| New | +$313K |
|
3334
Henry Schein
HSIC
$10.1B
| $208K | ﹤0.01% |
4,120
-245,238
| -98% | -$15.6M |
|
3335
Inseego
INSG
$120M
| $208K | ﹤0.01% |
3,345
-8,011
| -71% | -$578K |
|
|
XONE
3336
DELISTED
The ExOne Company
XONE
| $208K | ﹤0.01% |
+32,616
| New | +$215K |
|
|
SFBS
3337
ServisFirst Bancshares
SFBS
$4.92B
| $207K | ﹤0.01% |
7,049
-9,229
| -57% | -$323K |
|
3338
Wabash National
WNC
$508M
| $207K | ﹤0.01% |
28,706
+5,111
| +22% | +$57.3K |
|
3339
Pinnacle Financial Partners Inc
PNFP
$16.2B
| $206K | ﹤0.01% |
+5,497
| New | +$298K |
|
3340
VirnetX Holding Corp
VHC
$59.4M
| $206K | ﹤0.01% |
+1,880
| New | +$178K |
|
|
HOUS
3341
DELISTED
Anywhere Real Estate
HOUS
| $205K | ﹤0.01% |
68,031
+54,510
| +403% | +$480K |
|
3342
Spire
SR
$4.71B
| $205K | ﹤0.01% |
+2,753
| New | +$221K |
|
|
VAR
3343
PUT
DELISTED
Varian Medical Systems, Inc.
VAR
| $205K | ﹤0.01% |
2,000
-8,000
| -80% | -$1.06M |
|
3344
Insteel Industries
IIIN
$638M
| $204K | ﹤0.01% |
+15,374
| New | +$305K |
|
|
SDI
3345
DELISTED
Standard Diversified Inc. Class A Common Stock
SDI
| $204K | ﹤0.01% |
+18,735
| New | +$225K |
|
3346
Dow Inc
DOW
$21.2B
| $203K | ﹤0.01% |
6,943
-2,171
| -24% | -$92.3K |
|
|
BDSI
3347
DELISTED
BioDelivery Sciences International, Inc.
BDSI
| $203K | ﹤0.01% |
53,661
-381,398
| -88% | -$1.87M |
|
3348
CALL
Eaton
ETN
$175B
| $202K | ﹤0.01% |
2,600
-2,100
| -45% | -$193K |
|
|
FLNT
3349
Fluent
FLNT
$105M
| $202K | ﹤0.01% |
28,755
+5,853
| +26% | +$80K |
|
3350
CALL
Global Payments
GPN
$23.6B
| $202K | ﹤0.01% |
+1,400
| New | +$256K |
|
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.