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 | |
|---|---|---|---|---|---|---|
|
RIDE
551
DELISTED
Lordstown Motors Corp. Class A Common Stock
RIDE
| $16.2M | 0.04% |
103,980
+74,393
| +251% | +$11.1M |
|
552
SiriusXM
SIRI
$9.98B
| $16.2M | 0.04% |
327,150
-367,236
| -53% | -$24M |
|
|
XEC
553
DELISTED
CIMAREX ENERGY CO
XEC
| $16.1M | 0.04% |
957,038
-310,601
| -25% | -$11.2M |
|
554
PUT
Regeneron Pharmaceuticals
REGN
$78.5B
| $16M | 0.04% |
32,800
+17,800
| +119% | +$7.34M |
|
555
Super Micro Computer
SMCI
$18.4B
| $15.9M | 0.04% |
+7,484,920
| New | +$19M |
|
|
CBPO
556
DELISTED
China Biologic Products Holdings, Inc.
CBPO
| $15.9M | 0.04% |
147,566
+127,382
| +631% | +$14.6M |
|
557
ITT
ITT
$17.5B
| $15.9M | 0.04% |
351,038
+185,108
| +112% | +$11.5M |
|
558
Xcel Energy
XEL
$48.8B
| $15.9M | 0.04% |
263,563
-427,087
| -62% | -$27.8M |
|
559
CALL
Booking.com
BKNG
$149B
| $15.9M | 0.04% |
295,000
-615,000
| -68% | -$43.2M |
|
560
Wendy's
WEN
$1.4B
| $15.9M | 0.04% |
1,066,043
-542,065
| -34% | -$10.7M |
|
561
Gartner
IT
$10.1B
| $15.8M | 0.04% |
159,102
+81,380
| +105% | +$11.1M |
|
562
NVR
NVR
$16.5B
| $15.8M | 0.04% |
6,166
+4,553
| +282% | +$16.3M |
|
563
Allstate
ALL
$68B
| $15.8M | 0.04% |
172,355
-772,793
| -82% | -$84M |
|
564
Pegasystems
PEGA
$5.02B
| $15.8M | 0.04% |
443,446
+428,576
| +2,882% | +$18M |
|
565
Commercial Metals
CMC
$7.6B
| $15.8M | 0.04% |
999,141
-62,386
| -6% | -$1.19M |
|
|
DISH
566
DELISTED
DISH Network Corp.
DISH
| $15.7M | 0.04% |
786,618
+744,875
| +1,784% | +$24.2M |
|
567
Toll Brothers
TOL
$13.6B
| $15.6M | 0.04% |
811,863
+792,652
| +4,126% | +$30M |
|
|
CCAC.U
568
DELISTED
CITIC Capital Acquisition Corp. Units, each consisting of one Class A ordinary share, $0.0001 par va
CCAC.U
| $15.6M | 0.04% |
+1,581,000
| New | +$15.8M |
|
|
MRSH
569
Marsh
MRSH
$90.5B
| $15.6M | 0.04% |
180,137
+62,943
| +54% | +$6.71M |
|
570
AES
AES
$10.5B
| $15.5M | 0.03% |
1,142,496
-2,304,676
| -67% | -$41.3M |
|
|
FLIR
571
DELISTED
FLIR Systems, Inc. (DE) Common Stock
FLIR
| $15.5M | 0.03% |
487,231
+421,846
| +645% | +$19.8M |
|
572
CALL
Mastercard
MA
$502B
| $15.5M | 0.03% |
64,300
+15,700
| +32% | +$4.67M |
|
|
PAYA
573
DELISTED
Paya Holdings Inc. Class A Common Stock
PAYA
| $15.5M | 0.03% |
1,550,000
+659,982
| +74% | +$6.7M |
|
574
PUT
NXP Semiconductors
NXPI
$57.8B
| $15.5M | 0.03% |
187,000
-23,400
| -11% | -$2.74M |
|
575
Prosperity Bancshares
PB
$8.97B
| $15.5M | 0.03% |
321,248
-175,842
| -35% | -$11.4M |
|
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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.