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 | |
|---|---|---|---|---|---|---|
376
FedEx
FDX
$73B
| $24.1M | 0.05% |
198,551
-344,340
| -63% | -$48.5M |
|
377
PUT
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$34.3B
| $24M | 0.05% |
194,000
+129,000
| +198% | +$16.4M |
|
378
PUT
State Street Consumer Discretionary Select Sector SPDR ETF
XLY
$21.9B
| $23.9M | 0.05% |
488,200
-5,139,000
| -91% | -$303M |
|
|
THBR
379
DELISTED
Thunder Bridge Acquisition II, Ltd. Class A Ordinary Shares
THBR
| $23.8M | 0.05% |
2,415,424
+1,725,247
| +250% | +$17.1M |
|
|
WORK
380
DELISTED
Slack Technologies, Inc.
WORK
| $23.8M | 0.05% |
885,801
+837,836
| +1,747% | +$20.2M |
|
381
Avient
AVNT
$3.36B
| $23.7M | 0.05% |
1,246,983
-880,104
| -41% | -$24.6M |
|
382
Bilibili
BILI
$7.83B
| $23.6M | 0.05% |
1,008,411
+641,452
| +175% | +$15.5M |
|
383
Sea Limited
SE
$65.1B
| $23.6M | 0.05% |
532,521
-143,231
| -21% | -$6.42M |
|
384
Ulta Beauty
ULTA
$22.2B
| $23.5M | 0.05% |
133,914
+1,683
| +1% | +$420K |
|
385
Teladoc Health
TDOC
$1.2B
| $23.5M | 0.05% |
151,447
+113,438
| +298% | +$13.2M |
|
|
GB
386
DELISTED
Global Blue Group Holding
GB
| $23.5M | 0.05% |
2,319,253
+2,168,753
| +1,441% | +$22.7M |
|
|
DNKN
387
DELISTED
Dunkin' Brands Group, Inc.
DNKN
| $23.4M | 0.05% |
441,064
-158,923
| -26% | -$11M |
|
|
MLNX
388
DELISTED
Mellanox Technologies, Ltd.
MLNX
| $23.2M | 0.05% |
191,206
-332,170
| -63% | -$39.1M |
|
|
TWTR
389
PUT
DELISTED
Twitter, Inc.
TWTR
| $23.1M | 0.05% |
942,500
+596,700
| +173% | +$19.3M |
|
390
PUT
Lowe's Companies
LOW
$118B
| $23.1M | 0.05% |
+268,600
| New | +$29.3M |
|
391
CALL
Eli Lilly
LLY
$1.03T
| $23.1M | 0.05% |
+166,300
| New | +$22.8M |
|
392
Reliance Steel & Aluminium
RS
$20.5B
| $23.1M | 0.05% |
263,268
+256,658
| +3,883% | +$27.4M |
|
393
AB InBev
BUD
$166B
| $22.9M | 0.05% |
519,831
+419,695
| +419% | +$27.4M |
|
394
Diamondback Energy
FANG
$56.2B
| $22.9M | 0.05% |
875,108
+367,679
| +72% | +$23.2M |
|
395
Biogen
BIIB
$30.7B
| $22.9M | 0.05% |
72,335
-447,279
| -86% | -$136M |
|
396
Dick's Sporting Goods
DKS
$17.9B
| $22.8M | 0.05% |
1,071,957
+265,843
| +33% | +$10.2M |
|
397
The Mosaic Company
MOS
$7.24B
| $22.7M | 0.05% |
2,096,927
+1,914,663
| +1,050% | +$32.5M |
|
398
CMS Energy
CMS
$22.7B
| $22.7M | 0.05% |
385,846
-1,076,500
| -74% | -$68.9M |
|
399
Agnico Eagle Mines
AEM
$76.3B
| $22.6M | 0.05% |
567,158
+372,538
| +191% | +$19.6M |
|
400
SLB Ltd
SLB
$72.6B
| $22.5M | 0.05% |
1,668,585
+1,617,263
| +3,151% | +$46.8M |
|
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.