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 | |
|---|---|---|---|---|---|---|
601
CALL
Costco
COST
$422B
| $29.8M | 0.04% |
101,400
-200
| -0.2% | -$59.4K |
|
602
Ollie's Bargain Outlet
OLLI
$4.1B
| $29.7M | 0.04% |
455,310
+362,664
| +391% | +$23M |
|
603
OneMain Financial
OMF
$7.01B
| $29.7M | 0.04% |
704,285
-157,318
| -18% | -$6.36M |
|
604
Lumen
LUMN
$6.4B
| $29.7M | 0.04% |
2,245,873
+573,977
| +34% | +$7.7M |
|
605
PUT
PNC Financial Services
PNC
$100B
| $29.5M | 0.04% |
184,600
+181,100
| +5,174% | +$27.2M |
|
606
CALL
Micron Technology
MU
$978B
| $29.4M | 0.04% |
547,500
-189,200
| -26% | -$9.03M |
|
607
Wolverine World Wide
WWW
$1.56B
| $29.4M | 0.04% |
872,388
+447,658
| +105% | +$14M |
|
608
Johnson Controls International
JCI
$86.4B
| $29.4M | 0.04% |
721,840
-207,254
| -22% | -$8.75M |
|
609
Clean Harbors
CLH
$16.1B
| $29.3M | 0.04% |
341,834
+265,776
| +349% | +$21.6M |
|
|
RARX
610
DELISTED
Ra Pharmaceuticals, Inc. Common Stock
RARX
| $29.2M | 0.04% |
621,166
+488,888
| +370% | +$21.6M |
|
|
STAY
611
DELISTED
Extended Stay America, Inc. Paired Share Unit
STAY
| $29.1M | 0.04% |
1,957,336
+1,555,162
| +387% | +$22.6M |
|
612
Universal Health Services
UHS
$9.75B
| $29.1M | 0.04% |
202,564
+193,774
| +2,204% | +$27.6M |
|
613
Compañía de Minas Buenaventura
BVN
$7.83B
| $29M | 0.04% |
1,922,959
+1,893,684
| +6,469% | +$28.1M |
|
614
PUT
MetLife
MET
$61.6B
| $29M | 0.04% |
569,400
+496,500
| +681% | +$24M |
|
615
PUT
Seagate
STX
$179B
| $29M | 0.04% |
486,900
+369,600
| +315% | +$21.2M |
|
|
MNDT
616
DELISTED
Mandiant, Inc. Common Stock
MNDT
| $28.8M | 0.04% |
1,744,915
+1,313,345
| +304% | +$21.1M |
|
|
TXNM
617
TXNM Energy Inc
TXNM
$6.47B
| $28.8M | 0.04% |
567,682
+307,876
| +119% | +$15.5M |
|
|
MGLN
618
DELISTED
Magellan Health Services, Inc.
MGLN
| $28.7M | 0.04% |
366,805
+135,998
| +59% | +$9.56M |
|
619
Jack Henry & Associates
JKHY
$11B
| $28.7M | 0.04% |
196,978
-10,630
| -5% | -$1.55M |
|
620
Atlassian
TEAM
$23.8B
| $28.6M | 0.04% |
237,956
+136,931
| +136% | +$16.7M |
|
621
Qiagen
QGEN
$8.56B
| $28.6M | 0.04% |
798,484
+678,098
| +563% | +$25.2M |
|
|
LOGM
622
DELISTED
LogMein, Inc.
LOGM
| $28.6M | 0.04% |
333,661
+131,085
| +65% | +$9.73M |
|
|
LSXMA
623
DELISTED
Liberty Media Corporation Series A Liberty SiriusXM Common Stock
LSXMA
| $28.5M | 0.04% |
817,431
+217,701
| +36% | +$7.2M |
|
624
CALL
Verizon
VZ
$198B
| $28.5M | 0.04% |
464,900
+17,900
| +4% | +$1.08M |
|
625
Orion
OEC
$380M
| $28.5M | 0.04% |
1,477,040
-447,516
| -23% | -$8.09M |
|
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.