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 | |
|---|---|---|---|---|---|---|
3426
CALL
Eaton
ETN
$150B
| $445K | ﹤0.01% |
4,700
-30,200
| -87% | -$2.68M |
|
|
FL
3427
CALL
DELISTED
Foot Locker
FL
| $444K | ﹤0.01% |
+11,400
| New | +$480K |
|
|
NPTN
3428
DELISTED
NEOPHOTONICS CORP
NPTN
| $444K | ﹤0.01% |
50,395
-375,866
| -88% | -$2.81M |
|
3429
First Western Financial
MYFW
$308M
| $443K | ﹤0.01% |
26,875
+1,588
| +6% | +$26K |
|
3430
CALL
Whirlpool
WHR
$2.49B
| $443K | ﹤0.01% |
+3,000
| New | +$453K |
|
3431
CorVel
CRVL
$3.14B
| $440K | ﹤0.01% |
15,105
-55,284
| -79% | -$1.47M |
|
3432
Kodak
KODK
$812M
| $440K | ﹤0.01% |
94,677
-31,623
| -25% | -$87.5K |
|
|
UCB
3433
United Community Banks
UCB
$4.27B
| $440K | ﹤0.01% |
14,245
-47
| -0.3% | -$1.42K |
|
|
ALYA
3434
DELISTED
Alithya Group Inc Class A Subordinate Voting Shares
ALYA
| $440K | ﹤0.01% |
155,894
-35,666
| -19% | -$95.2K |
|
3435
Peapack-Gladstone Financial
PGC
$846M
| $439K | ﹤0.01% |
14,214
+3,400
| +31% | +$100K |
|
|
SWAV
3436
PUT
DELISTED
Shockwave Medical, Inc. Common Stock
SWAV
| $439K | ﹤0.01% |
+10,000
| New | +$369K |
|
3437
Ambev
ABEV
$48.4B
| $437K | ﹤0.01% |
+93,731
| New | +$416K |
|
3438
Graham Corp
GHM
$1.17B
| $437K | ﹤0.01% |
19,974
+7,938
| +66% | +$171K |
|
|
HABT
3439
DELISTED
The Habit Restaurants, Inc. - Class A
HABT
| $436K | ﹤0.01% |
41,833
-24,536
| -37% | -$244K |
|
3440
PUT
Bath & Body Works
BBWI
$4.13B
| $435K | ﹤0.01% |
29,688
| – | – |
|
|
CNBKA
3441
DELISTED
Century Bancorp Inc/Mass
CNBKA
| $435K | ﹤0.01% |
4,837
-1,641
| -25% | -$143K |
|
3442
Schwab International Equity ETF
SCHF
$65.5B
| $434K | ﹤0.01% |
25,804
+5,172
| +25% | +$85.1K |
|
3443
Triumph Financial Inc
TFIN
$1.84B
| $434K | ﹤0.01% |
11,408
-12,373
| -52% | -$427K |
|
|
PCTI
3444
DELISTED
PCTEL, Inc. Common Stock
PCTI
| $434K | ﹤0.01% |
51,196
-23,203
| -31% | -$193K |
|
|
SYKE
3445
DELISTED
SYKES Enterprises Inc
SYKE
| $434K | ﹤0.01% |
11,736
-10,907
| -48% | -$369K |
|
3446
Immersion
IMMR
$254M
| $433K | ﹤0.01% |
58,323
+42,490
| +268% | +$318K |
|
3447
Peabody Energy
BTU
$2.83B
| $432K | ﹤0.01% |
47,393
-12,301
| -21% | -$141K |
|
3448
AC Immune
ACIU
$236M
| $426K | ﹤0.01% |
49,978
-72,828
| -59% | -$485K |
|
3449
Blackbaud
BLKB
$1.65B
| $425K | ﹤0.01% |
5,344
-19,845
| -79% | -$1.66M |
|
3450
White Mountains Insurance
WTM
$5.46B
| $425K | ﹤0.01% |
+381
| New | +$416K |
|
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.