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 | |
|---|---|---|---|---|---|---|
|
FSFG
3576
DELISTED
First Savings Financial Group
FSFG
| $334K | ﹤0.01% |
14,913
-9,843
| -40% | -$212K |
|
|
DEA
3577
Easterly Government Properties
DEA
$1.17B
| $333K | ﹤0.01% |
5,621
-4,949
| -47% | -$279K |
|
3578
PUT
Canadian Pacific Kansas City
CP
$81.4B
| $331K | ﹤0.01% |
+6,500
| New | +$305K |
|
3579
Williams-Sonoma
WSM
$27.8B
| $331K | ﹤0.01% |
9,024
-35,256
| -80% | -$1.22M |
|
|
CFB
3580
DELISTED
CrossFirst Bankshares, Inc. Common Stock
CFB
| $330K | ﹤0.01% |
22,883
-20,918
| -48% | -$282K |
|
3581
CALL
Dollar Tree
DLTR
$24.4B
| $329K | ﹤0.01% |
3,500
-96,500
| -97% | -$10.1M |
|
3582
Natural Health Trends
NHTC
$15.6M
| $329K | ﹤0.01% |
61,137
-30,258
| -33% | -$194K |
|
3583
Fabrinet
FN
$16.1B
| $328K | ﹤0.01% |
5,065
-6,543
| -56% | -$379K |
|
|
LBC
3584
DELISTED
Luther Burbank Corporation Common Stock
LBC
| $327K | ﹤0.01% |
28,356
-29,479
| -51% | -$336K |
|
3585
PUT
Becton Dickinson
BDX
$45.8B
| $326K | ﹤0.01% |
1,230
-9,840
| -89% | -$2.45M |
|
3586
Carter's
CRI
$1.45B
| $326K | ﹤0.01% |
2,982
-74,870
| -96% | -$7.58M |
|
3587
CALL
Neogen
NEOG
$2B
| $326K | ﹤0.01% |
10,000
-10,000
| -50% | -$329K |
|
|
RLH
3588
DELISTED
Red Lions Hotel Corporation
RLH
| $326K | ﹤0.01% |
87,466
+70,401
| +413% | +$329K |
|
3589
Liberty Global Class C
LBTYK
$3.4B
| $325K | ﹤0.01% |
14,919
-158,011
| -91% | -$3.55M |
|
3590
S&T Bancorp
STBA
$1.92B
| $325K | ﹤0.01% |
8,056
-293,162
| -97% | -$11.1M |
|
|
CPL
3591
DELISTED
CPFL Energia S.A.
CPL
| $325K | ﹤0.01% |
18,835
-1,741
| -8% | -$27.6K |
|
|
PACD
3592
DELISTED
Pacific Drilling S.A. Common Shares
PACD
| $325K | ﹤0.01% |
79,753
-72,800
| -48% | -$228K |
|
3593
Cameco
CCJ
$37.9B
| $324K | ﹤0.01% |
36,386
-277,790
| -88% | -$2.57M |
|
3594
CALL
Nike
NKE
$63.9B
| $324K | ﹤0.01% |
3,200
-2,600
| -45% | -$245K |
|
3595
Sasol
SSL
$7.03B
| $324K | ﹤0.01% |
14,973
-408,286
| -96% | -$7.81M |
|
3596
Omega Flex
OFLX
$306M
| $323K | ﹤0.01% |
+3,011
| New | +$294K |
|
3597
PDF Solutions
PDFS
$1.87B
| $323K | ﹤0.01% |
19,151
+643
| +3% | +$9.86K |
|
|
HQL
3598
abrdn Life Sciences Investors
HQL
$589M
| $321K | ﹤0.01% |
18,419
+3,894
| +27% | +$63.9K |
|
3599
CALL
Kohl's
KSS
$2.16B
| $321K | ﹤0.01% |
+6,300
| New | +$320K |
|
3600
Lennar Class B
LEN.B
$20.7B
| $321K | ﹤0.01% |
7,560
-2,114
| -22% | -$93.9K |
|
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.