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 | |
|---|---|---|---|---|---|---|
|
OPP
3376
RiverNorth/DoubleLine Strategic Opportunity Fund
OPP
$190M
| $480K | ﹤0.01% |
+29,550
| New | +$493K |
|
3377
PUT
Church & Dwight Co
CHD
$23.7B
| $478K | ﹤0.01% |
6,800
-150,100
| -96% | -$10.7M |
|
|
DMC
3378
Del Monte Corp
DMC
$1.37B
| $477K | ﹤0.01% |
+13,627
| New | +$436K |
|
|
IPHA
3379
Innate Pharma
IPHA
$166M
| $477K | ﹤0.01% |
+74,242
| New | +$456K |
|
3380
Standard BioTools
LAB
$311M
| $476K | ﹤0.01% |
136,924
+77,997
| +132% | +$274K |
|
|
STMP
3381
DELISTED
Stamps.com, Inc.
STMP
| $476K | ﹤0.01% |
+5,703
| New | +$475K |
|
3382
InflaRx
IFRX
$249M
| $475K | ﹤0.01% |
120,070
-40,451
| -25% | -$118K |
|
3383
Oportun Financial
OPRT
$264M
| $474K | ﹤0.01% |
19,921
-107,776
| -84% | -$1.99M |
|
3384
Schwab US Dividend Equity ETF
SCHD
$104B
| $473K | ﹤0.01% |
24,483
-21,615
| -47% | -$405K |
|
3385
Sysco
SYY
$40.8B
| $473K | ﹤0.01% |
5,533
-470
| -8% | -$38.1K |
|
3386
Milestone Pharmaceuticals
MIST
$133M
| $472K | ﹤0.01% |
29,494
+5,790
| +24% | +$102K |
|
|
ICBK
3387
DELISTED
County Bancorp, Inc. Common Stock
ICBK
| $472K | ﹤0.01% |
18,430
-4,941
| -21% | -$115K |
|
|
EXTN
3388
DELISTED
Exterran Corporation
EXTN
| $471K | ﹤0.01% |
60,118
-289,814
| -83% | -$2.69M |
|
|
CNST
3389
CALL
DELISTED
Constellation Pharmaceuticals, Inc.
CNST
| $471K | ﹤0.01% |
+10,000
| New | +$289K |
|
3390
Hess Midstream
HESM
$5.13B
| $470K | ﹤0.01% |
+20,708
| New | +$433K |
|
|
LGF.A
3391
DELISTED
Lions Gate Entertainment Corp. Class A Voting Shares
LGF.A
| $470K | ﹤0.01% |
44,088
-168,558
| -79% | -$1.55M |
|
|
UCFC
3392
DELISTED
United Community Financial Corp
UCFC
| $470K | ﹤0.01% |
40,325
-32,708
| -45% | -$365K |
|
|
KG
3393
Kestrel Group
KG
$68M
| $469K | ﹤0.01% |
31,264
-12,434
| -28% | -$167K |
|
|
EBTC
3394
DELISTED
Enterprise Bancorp
EBTC
| $466K | ﹤0.01% |
13,764
+4,185
| +44% | +$130K |
|
3395
Medtronic
MDT
$111B
| $466K | ﹤0.01% |
4,109
-293,134
| -99% | -$32.2M |
|
3396
United Fire Group
UFCS
$1.35B
| $465K | ﹤0.01% |
10,629
-24,880
| -70% | -$1.11M |
|
3397
Digi International
DGII
$2.53B
| $464K | ﹤0.01% |
+26,204
| New | +$416K |
|
3398
iShares Core S&P US Value ETF
IUSV
$27.5B
| $464K | ﹤0.01% |
+7,360
| New | +$444K |
|
|
ITI
3399
DELISTED
Iteris, Inc.
ITI
| $464K | ﹤0.01% |
92,938
-247,671
| -73% | -$1.26M |
|
|
LORL
3400
DELISTED
Loral Space and Communications, Inc.
LORL
| $464K | ﹤0.01% |
+14,348
| New | +$526K |
|
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.