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 | |
|---|---|---|---|---|---|---|
3476
Service Corp International
SCI
$11.7B
| $400K | ﹤0.01% |
8,690
-87,065
| -91% | -$3.93M |
|
3477
iShares S&P Small-Cap 600 Value ETF
IJS
$8.2B
| $399K | ﹤0.01% |
4,966
+1,106
| +29% | +$85.7K |
|
3478
CALL
Constellation Brands
STZ
$22.5B
| $398K | ﹤0.01% |
+2,100
| New | +$397K |
|
3479
CALL
ConocoPhillips
COP
$139B
| $397K | ﹤0.01% |
6,100
| – | – |
|
3480
Nabors Industries
NBR
$1.12B
| $397K | ﹤0.01% |
2,760
-2,276
| -45% | -$240K |
|
3481
Tredegar Corp
TG
$263M
| $397K | ﹤0.01% |
17,741
-9,325
| -34% | -$196K |
|
3482
Delek US
DK
$3.85B
| $396K | ﹤0.01% |
+11,815
| New | +$426K |
|
3483
Wingstop
WING
$3.67B
| $396K | ﹤0.01% |
4,595
-129,094
| -97% | -$10.7M |
|
3484
Independent Bank
INDB
$4.1B
| $395K | ﹤0.01% |
4,749
-18,122
| -79% | -$1.48M |
|
|
SCHW
3485
PUT
Charles Schwab
SCHW
$184B
| $395K | ﹤0.01% |
8,300
+2,100
| +34% | +$92.6K |
|
3486
Telecom Argentina
TEO
$5.86B
| $395K | ﹤0.01% |
+34,763
| New | +$349K |
|
|
THR
3487
DELISTED
Thermon Group Holdings
THR
| $395K | ﹤0.01% |
14,742
-6,289
| -30% | -$159K |
|
|
AIOT
3488
PowerFleet Inc
AIOT
$525M
| $395K | ﹤0.01% |
60,706
+32,319
| +114% | +$195K |
|
|
DSM
3489
BNY Mellon Strategic Municipal Bond Fund
DSM
$291M
| $393K | ﹤0.01% |
+49,173
| New | +$409K |
|
|
OXLC
3490
Oxford Lane Capital
OXLC
$854M
| $392K | ﹤0.01% |
+9,618
| New | +$427K |
|
3491
Personalis
PSNL
$1.27B
| $392K | ﹤0.01% |
35,937
-18,831
| -34% | -$196K |
|
3492
CALL
Trip.com Group
TCOM
$28.5B
| $392K | ﹤0.01% |
+11,700
| New | +$377K |
|
3493
INNOVATE Corp
VATE
$106M
| $392K | ﹤0.01% |
18,070
-14,376
| -44% | -$316K |
|
|
MNTV
3494
DELISTED
Momentive Global Inc. Common Stock
MNTV
| $392K | ﹤0.01% |
21,949
-89,309
| -80% | -$1.57M |
|
3495
Diodes
DIOD
$3.69B
| $391K | ﹤0.01% |
+6,929
| New | +$321K |
|
3496
Kratos Defense & Security Solutions
KTOS
$9.12B
| $390K | ﹤0.01% |
21,660
-21,667
| -50% | -$402K |
|
|
MDLA
3497
DELISTED
Medallia, Inc.
MDLA
| $389K | ﹤0.01% |
12,516
-13,347
| -52% | -$394K |
|
3498
West Bancorporation
WTBA
$477M
| $388K | ﹤0.01% |
+15,145
| New | +$360K |
|
|
AGFSW
3499
CALL
DELISTED
AgroFresh Solutions Inc Warrants
AGFSW
| $387K | ﹤0.01% |
150,000
| – | – |
|
3500
Marchex
MCHX
$79.3M
| $386K | ﹤0.01% |
102,176
-147,718
| -59% | -$531K |
|
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.