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 | |
|---|---|---|---|---|---|---|
326
Nike
NKE
$62.7B
| $27.3M | 0.06% |
330,166
-385,368
| -54% | -$35.9M |
|
|
CY
327
DELISTED
Cypress Semiconductor
CY
| $27.3M | 0.06% |
1,169,103
-3,190,651
| -73% | -$72.9M |
|
328
RingCentral
RNG
$4.48B
| $27.2M | 0.06% |
128,522
-173,373
| -57% | -$35.7M |
|
|
329
CALL
Alibaba
BABA
$279B
| $27.2M | 0.06% |
140,000
+24,100
| +21% | +$5.03M |
|
330
Alkermes
ALKS
$8.39B
| $27.2M | 0.06% |
1,885,442
+757,722
| +67% | +$13.5M |
|
331
PUT
iShares MSCI EAFE ETF
EFA
$78.5B
| $26.7M | 0.06% |
500,000
| – | – |
|
332
PUT
CME Group
CME
$96.1B
| $26.6M | 0.06% |
153,900
+69,200
| +82% | +$13.8M |
|
|
AJRD
333
DELISTED
Aerojet Rocketdyne Holdings
AJRD
| $26.6M | 0.06% |
636,000
-267,462
| -30% | -$13.1M |
|
334
DexCom
DXCM
$28.8B
| $26.4M | 0.06% |
392,568
-985,540
| -72% | -$61.3M |
|
335
Charter Communications
CHTR
$16.9B
| $26.3M | 0.06% |
60,378
-175,022
| -74% | -$85.6M |
|
336
CALL
Salesforce
CRM
$148B
| $26.2M | 0.06% |
182,000
+34,800
| +24% | +$5.97M |
|
337
OGE Energy
OGE
$9.76B
| $26.2M | 0.06% |
851,954
+394,888
| +86% | +$16M |
|
338
Johnson Controls International
JCI
$87.8B
| $26M | 0.06% |
965,413
+243,573
| +34% | +$9.07M |
|
339
Cooper Companies
COO
$14.2B
| $25.9M | 0.06% |
376,240
+102,792
| +38% | +$8.37M |
|
340
Deere & Co
DE
$162B
| $25.8M | 0.06% |
186,960
-200,392
| -52% | -$31.7M |
|
341
Kroger
KR
$35.4B
| $25.8M | 0.06% |
857,395
+762,096
| +800% | +$22.4M |
|
342
West Pharmaceutical
WST
$23.9B
| $25.8M | 0.06% |
169,421
-279,048
| -62% | -$43M |
|
343
Skillsoft
SKIL
$65.6M
| $25.7M | 0.06% |
129,303
+124,303
| +2,486% | +$26M |
|
344
PUT
IBM
IBM
$209B
| $25.5M | 0.06% |
240,475
-104,391
| -30% | -$13.2M |
|
|
JNPR
345
DELISTED
Juniper Networks
JNPR
| $25.4M | 0.06% |
1,327,904
-716,981
| -35% | -$16.1M |
|
346
Qiagen
QGEN
$8.55B
| $25.4M | 0.06% |
575,714
-222,770
| -28% | -$8.7M |
|
347
Avery Dennison
AVY
$13.4B
| $25.4M | 0.06% |
249,021
+245,959
| +8,033% | +$30.2M |
|
348
SS&C Technologies
SSNC
$18.6B
| $25.3M | 0.06% |
577,280
-994,821
| -63% | -$56.2M |
|
349
General Motors
GM
$80B
| $25.3M | 0.06% |
1,216,965
-1,550,583
| -56% | -$47.3M |
|
350
CALL
Pfizer
PFE
$142B
| $25.3M | 0.06% |
815,374
-666,866
| -45% | -$22.7M |
|
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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.