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 | |
|---|---|---|---|---|---|---|
426
Cisco
CSCO
$450B
| $44.5M | 0.06% |
928,234
-1,125,038
| -55% | -$52.3M |
|
427
Tenaris
TS
$29.1B
| $44.2M | 0.06% |
1,952,412
+1,287,198
| +194% | +$27.7M |
|
428
PUT
IBM
IBM
$202B
| $44.2M | 0.06% |
344,866
+341,310
| +9,598% | +$44.4M |
|
429
PUT
Expedia Group
EXPE
$31.2B
| $44.2M | 0.06% |
408,500
+65,700
| +19% | +$7.71M |
|
430
Amphenol
APH
$188B
| $44M | 0.06% |
+1,626,988
| New | +$41.5M |
|
431
Dentsply Sirona
XRAY
$2.59B
| $44M | 0.06% |
777,507
+722,490
| +1,313% | +$40.3M |
|
432
Xcel Energy
XEL
$51B
| $43.8M | 0.05% |
690,650
+605,994
| +716% | +$37.9M |
|
|
RETA
433
DELISTED
Reata Pharmaceuticals, Inc. Class A Common Stock
RETA
| $43.7M | 0.05% |
213,683
+21,108
| +11% | +$3.85M |
|
|
FITB
434
Fifth Third Bancorp
FITB
$52B
| $43.7M | 0.05% |
1,420,091
-4,452,615
| -76% | -$131M |
|
435
T-Mobile US
TMUS
$193B
| $43.5M | 0.05% |
555,284
+375,605
| +209% | +$29.6M |
|
436
PUT
CVS Health
CVS
$137B
| $43.5M | 0.05% |
585,700
+357,200
| +156% | +$25.1M |
|
437
Insulet
PODD
$11.3B
| $43.2M | 0.05% |
252,565
+236,488
| +1,471% | +$39.4M |
|
438
CALL
PepsiCo
PEP
$186B
| $43M | 0.05% |
314,900
+105,500
| +50% | +$14.4M |
|
439
PUT
American Express
AXP
$223B
| $43M | 0.05% |
345,300
+132,200
| +62% | +$15.8M |
|
440
GE Aerospace
GE
$367B
| $42.9M | 0.05% |
+770,866
| New | +$39.8M |
|
441
Mid-America Apartment Communities
MAA
$15.6B
| $42.8M | 0.05% |
324,671
-93,303
| -22% | -$12.5M |
|
442
Methanex
MEOH
$4.32B
| $42.7M | 0.05% |
1,105,154
-86,189
| -7% | -$3.23M |
|
443
American Homes 4 Rent
AMH
$12B
| $42.6M | 0.05% |
1,623,761
+396,822
| +32% | +$10.4M |
|
444
Realty Income
O
$61.2B
| $42.5M | 0.05% |
595,570
+554,281
| +1,342% | +$41.3M |
|
445
CF Industries
CF
$19.2B
| $42.4M | 0.05% |
888,407
+101,975
| +13% | +$4.77M |
|
446
Acadia Pharmaceuticals
ACAD
$4.25B
| $42.3M | 0.05% |
988,313
-32,551
| -3% | -$1.42M |
|
447
Rockwell Automation
ROK
$51.4B
| $42.3M | 0.05% |
208,513
-140,646
| -40% | -$26.1M |
|
448
Hewlett Packard
HPE
$63.2B
| $42.1M | 0.05% |
2,656,397
+408,144
| +18% | +$6.52M |
|
449
NextEra Energy
NEE
$187B
| $42.1M | 0.05% |
695,364
+345,536
| +99% | +$20.2M |
|
|
WBC
450
DELISTED
WABCO HOLDINGS INC.
WBC
| $42M | 0.05% |
310,263
-214,198
| -41% | -$28.9M |
|
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.