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 |
L3Harris
LHX
|
+$282M |
| 2 |
Ameren
AEE
|
+$239M |
| 3 |
Restaurant Brands International
QSR
|
+$192M |
| 4 |
Lowe's Companies
LOW
|
+$190M |
| 5 |
Las Vegas Sands
LVS
|
+$164M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
LyondellBasell Industries
LYB
|
+$441M |
| 2 |
WP
Worldpay, Inc.
WP
|
+$429M |
| 3 |
LLL
L3 Technologies, Inc.
LLL
|
+$412M |
| 4 |
RHT
Red Hat Inc
RHT
|
+$399M |
| 5 |
APC
Anadarko Petroleum
APC
|
+$304M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 10.82% |
| 2 | Financials | 10.34% |
| 3 | Technology | 9.47% |
| 4 | Consumer Discretionary | 8.69% |
| 5 | Industrials | 8.57% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
576
Vail Resorts
MTN
$5.39B
| $29M | 0.05% |
127,550
-83,132
| -39% | -$19.6M |
|
577
PUT
Medtronic
MDT
$109B
| $29M | 0.05% |
266,900
+211,900
| +385% | +$22.1M |
|
|
TCO
578
DELISTED
Taubman Centers Inc.
TCO
| $29M | 0.05% |
709,879
+196,344
| +38% | +$7.99M |
|
579
Ashland
ASH
$3.04B
| $28.9M | 0.05% |
374,470
+286,314
| +325% | +$21.7M |
|
|
CHNG
580
DELISTED
Change Healthcare Inc. Common Stock
CHNG
| $28.8M | 0.05% |
2,381,959
+1,250,563
| +111% | +$17.2M |
|
581
CALL
PepsiCo
PEP
$190B
| $28.7M | 0.05% |
209,400
+152,800
| +270% | +$20.3M |
|
582
PUT
T-Mobile US
TMUS
$196B
| $28.7M | 0.05% |
364,300
+19,300
| +6% | +$1.51M |
|
583
Lincoln National
LNC
$7.99B
| $28.5M | 0.05% |
472,527
-88,245
| -16% | -$5.28M |
|
584
PUT
Delta Air Lines
DAL
$56.5B
| $28.3M | 0.04% |
492,000
+131,800
| +37% | +$7.81M |
|
585
Keurig Dr Pepper
KDP
$41B
| $28.3M | 0.04% |
+1,035,931
| New | +$28.9M |
|
586
Schneider National
SNDR
$6.4B
| $28.3M | 0.04% |
1,302,676
+452,308
| +53% | +$8.91M |
|
|
IPHI
587
DELISTED
INPHI CORPORATION
IPHI
| $28.2M | 0.04% |
461,461
-172,299
| -27% | -$10.5M |
|
588
Darling Ingredients
DAR
$9.55B
| $28.2M | 0.04% |
1,472,229
+470,100
| +47% | +$9.19M |
|
|
CBPX
589
DELISTED
CONTINENTAL BUILDING PRODUCTS, INC.
CBPX
| $28.1M | 0.04% |
1,031,347
+891,598
| +638% | +$22.5M |
|
590
Bread Financial
BFH
$4.35B
| $28.1M | 0.04% |
274,653
-33,986
| -11% | -$3.83M |
|
591
Baidu
BIDU
$35.8B
| $27.9M | 0.04% |
271,938
+167,248
| +160% | +$18M |
|
|
AUY
592
DELISTED
Yamana Gold, Inc.
AUY
| $27.7M | 0.04% |
8,720,120
+962,270
| +12% | +$3.07M |
|
593
Halliburton
HAL
$27.3B
| $27.7M | 0.04% |
1,469,494
+974,425
| +197% | +$20.2M |
|
|
TWNK
594
DELISTED
Hostess Brands, Inc. Class A Common Stock
TWNK
| $27.6M | 0.04% |
1,971,799
-2,556,987
| -56% | -$36.2M |
|
595
Sibanye-Stillwater
SBSW
$5.93B
| $27.4M | 0.04% |
5,078,198
-1,722,639
| -25% | -$8.78M |
|
|
HZNP
596
DELISTED
Horizon Therapeutics Public Limited Company Ordinary Shares
HZNP
| $27.4M | 0.04% |
1,006,265
-632,356
| -39% | -$16.4M |
|
597
Church & Dwight Co
CHD
$23.5B
| $27.4M | 0.04% |
364,123
-56,327
| -13% | -$4.27M |
|
598
Kosmos Energy
KOS
$1.47B
| $27.3M | 0.04% |
4,374,999
-5,652,311
| -56% | -$34.7M |
|
599
DMC Global
BOOM
$119M
| $27.2M | 0.04% |
619,022
+534,869
| +636% | +$26.9M |
|
600
Post Holdings
POST
$4.16B
| $27.2M | 0.04% |
392,976
+4,691
| +1% | +$320K |
|
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Millennium Management's Q3 2019 Portfolio in Review
As of Q3 2019, Millennium Management held 4,833 positions worth $63.3B, down 4.9% from $66.5B the previous quarter. Its ten largest holdings account for 7.2% of the portfolio.
Millennium Management's Q3 2019 filing shows 843 new, 1,522 increased, 1,651 reduced and 727 closed positions. Its largest new stake was L3Harris: 1,378,220 shares worth $288M. The largest sale was LyondellBasell Industries, an estimated $441M.
By sector, the portfolio is most concentrated in Healthcare at 11% of assets, down from 12% a quarter earlier, followed by Financials and Technology.
- Millennium Management's largest Q3 2019 buy was L3Harris: 1,378,220 shares worth $288M.
- Millennium Management added most to Ameren in Q3 2019, an estimated $239M increase.
- Millennium Management's biggest Q3 2019 reduction was LyondellBasell Industries, cutting an estimated $441M.
- Millennium Management fully exited Worldpay, Inc. in Q3 2019, selling an estimated $429M.
- Millennium Management's ten largest holdings make up 7.2% of its $63.3B portfolio in Q3 2019.
- Millennium Management opened 843 new positions and closed 727 in Q3 2019.
- Millennium Management's portfolio value fell 4.9% quarter-over-quarter to $63.3B.
Based on Millennium Management's 13F filing for Q3 2019, filed 14 Nov 2019.