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 | |
|---|---|---|---|---|---|---|
3526
Sutro Biopharma
STRO
$393M
| $366K | ﹤0.01% |
3,330
+726
| +28% | +$74.8K |
|
|
DTP
3527
DELISTED
DTE Energy Company 2019 Corporate Units
DTP
| $366K | ﹤0.01% |
+7,128
| New | +$357K |
|
3528
CALL
Albemarle
ALB
$13.3B
| $365K | ﹤0.01% |
+5,000
| New | +$334K |
|
3529
iShares MSCI Thailand ETF
THD
$364M
| $365K | ﹤0.01% |
+4,168
| New | +$366K |
|
|
CDTX
3530
DELISTED
Cidara Therapeutics
CDTX
| $364K | ﹤0.01% |
+4,734
| New | +$217K |
|
|
FONR
3531
DELISTED
Fonar
FONR
| $364K | ﹤0.01% |
18,483
-11,358
| -38% | -$228K |
|
3532
PUT
Chemours
CC
$2.57B
| $362K | ﹤0.01% |
+20,000
| New | +$332K |
|
3533
Helios Technologies
HLIO
$2.56B
| $361K | ﹤0.01% |
+7,809
| New | +$335K |
|
|
BGFV
3534
DELISTED
Big 5 Sporting Goods
BGFV
| $360K | ﹤0.01% |
120,103
-191,183
| -61% | -$523K |
|
|
INVX
3535
Innovex International
INVX
$1.79B
| $360K | ﹤0.01% |
7,680
-62,787
| -89% | -$2.87M |
|
3536
Biglari Holdings Class B
BH
$1.18B
| $359K | ﹤0.01% |
+3,141
| New | +$320K |
|
3537
Smart Sand
SND
$178M
| $359K | ﹤0.01% |
142,342
-41,034
| -22% | -$101K |
|
3538
PUT
uniQure
QURE
$2.52B
| $358K | ﹤0.01% |
5,000
-15,000
| -75% | -$824K |
|
3539
WhiteHorse Finance
WHF
$139M
| $358K | ﹤0.01% |
+26,164
| New | +$366K |
|
|
JE
3540
DELISTED
Just Energy Group Inc
JE
| $358K | ﹤0.01% |
+6,463
| New | +$465K |
|
3541
PIMCO Corporate & Income Opportunity Fund
PTY
$2.49B
| $357K | ﹤0.01% |
+18,800
| New | +$348K |
|
3542
Avista
AVA
$3.46B
| $356K | ﹤0.01% |
7,404
-16,921
| -70% | -$806K |
|
|
MYD
3543
DELISTED
BlackRock MuniYield Fund
MYD
| $356K | ﹤0.01% |
+24,013
| New | +$351K |
|
3544
CALL
Diamondback Energy
FANG
$53.5B
| $353K | ﹤0.01% |
+3,800
| New | +$316K |
|
3545
Cass Information Systems
CASS
$720M
| $352K | ﹤0.01% |
6,101
-2,209
| -27% | -$124K |
|
3546
Gorman-Rupp
GRC
$2.18B
| $352K | ﹤0.01% |
9,375
-12,391
| -57% | -$451K |
|
|
PRMW
3547
DELISTED
Primo Water Corporation
PRMW
| $352K | ﹤0.01% |
31,378
+404
| +1% | +$4.48K |
|
|
ERF
3548
DELISTED
Enerplus Corporation
ERF
| $351K | ﹤0.01% |
+49,296
| New | +$322K |
|
|
KBAL
3549
DELISTED
Kimball International
KBAL
| $351K | ﹤0.01% |
+16,977
| New | +$350K |
|
3550
PCB Bancorp
PCB
$401M
| $350K | ﹤0.01% |
20,265
-14,737
| -42% | -$248K |
|
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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.