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 | |
|---|---|---|---|---|---|---|
|
CDTX
3451
DELISTED
Cidara Therapeutics
CDTX
| $133K | ﹤0.01% |
2,684
-2,050
| -43% | -$123K |
|
3452
Oportun Financial
OPRT
$276M
| $133K | ﹤0.01% |
12,578
-7,343
| -37% | -$141K |
|
|
PEI
3453
DELISTED
Pennsylvania Real Estate Investment Trust
PEI
| $133K | ﹤0.01% |
9,712
-6,109
| -39% | -$296K |
|
3454
MediciNova
MNOV
$64M
| $132K | ﹤0.01% |
35,501
-61,383
| -63% | -$319K |
|
3455
Urban One Class D
UONEK
$26.1M
| $129K | ﹤0.01% |
13,554
-150
| -1% | -$2.52K |
|
|
BVH
3456
DELISTED
Bluegreen Vacations Holding Corporation
BVH
| $129K | ﹤0.01% |
11,147
-15,367
| -58% | -$261K |
|
3457
Griffon
GFF
$4.29B
| $128K | ﹤0.01% |
10,143
-20,156
| -67% | -$364K |
|
|
PMT
3458
PennyMac Mortgage Investment
PMT
$831M
| $128K | ﹤0.01% |
12,039
-571,262
| -98% | -$11.3M |
|
3459
The Bancorp
TBBK
$3B
| $127K | ﹤0.01% |
20,889
-105,649
| -83% | -$1.13M |
|
|
CMO
3460
DELISTED
Capstead Mortgage Corp.
CMO
| $127K | ﹤0.01% |
30,332
-6,731
| -18% | -$48K |
|
|
RNWK
3461
DELISTED
RealNetworks Inc
RNWK
| $127K | ﹤0.01% |
173,755
-26,756
| -13% | -$29.8K |
|
|
LDL
3462
DELISTED
Lydall, Inc.
LDL
| $125K | ﹤0.01% |
+19,367
| New | +$317K |
|
|
WPG
3463
DELISTED
Washington Prime Group Inc.
WPG
| $125K | ﹤0.01% |
+17,232
| New | +$405K |
|
|
CYAD
3464
DELISTED
Celyad Oncology SA American Depositary Shares
CYAD
| $124K | ﹤0.01% |
17,018
-934
| -5% | -$8.88K |
|
|
SRG
3465
Seritage Growth Properties
SRG
$137M
| $123K | ﹤0.01% |
+13,543
| New | +$422K |
|
3466
Nephros
NEPH
$39M
| $122K | ﹤0.01% |
20,012
-2,489
| -11% | -$21.1K |
|
|
CLSD
3467
DELISTED
Clearside Biomedical
CLSD
| $121K | ﹤0.01% |
4,746
-11,991
| -72% | -$443K |
|
3468
PUT
APA Corp
APA
$12.7B
| $120K | ﹤0.01% |
+28,600
| New | +$637K |
|
|
SY
3469
So-Young International
SY
$200M
| $120K | ﹤0.01% |
11,732
+1,177
| +11% | +$14.4K |
|
|
TRIB
3470
Trinity Biotech
TRIB
$7.43M
| $120K | ﹤0.01% |
727
-327
| -31% | -$51.4K |
|
|
TCS
3471
DELISTED
THE CONTAINER STORE GROUP, INC.
TCS
| $120K | ﹤0.01% |
+3,385
| New | +$188K |
|
|
SWN
3472
DELISTED
Southwestern Energy Company
SWN
| $120K | ﹤0.01% |
71,078
-95,562
| -57% | -$166K |
|
|
KWY
3473
Kingsway Corp
KWY
$266M
| $119K | ﹤0.01% |
60,059
-5,148
| -8% | -$9.64K |
|
3474
Myers Industries
MYE
$1.38B
| $119K | ﹤0.01% |
11,088
-4,424
| -29% | -$64.5K |
|
3475
PUT
Occidental Petroleum
OXY
$54.8B
| $119K | ﹤0.01% |
10,266
-111,034
| -92% | -$3.65M |
|
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.