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 | |
|---|---|---|---|---|---|---|
626
Open Text
OTEX
$5.73B
| $25.6M | 0.04% |
626,381
-77,104
| -11% | -$3.14M |
|
|
EXAS
627
DELISTED
Exact Sciences
EXAS
| $25.5M | 0.04% |
282,079
+272,562
| +2,864% | +$31.1M |
|
628
PUT
Gilead Sciences
GILD
$162B
| $25.4M | 0.04% |
400,600
+266,700
| +199% | +$17.4M |
|
629
Park Hotels & Resorts
PK
$3.03B
| $25.4M | 0.04% |
1,015,499
+189,628
| +23% | +$4.81M |
|
630
Tradeweb Markets
TW
$21.7B
| $25.3M | 0.04% |
684,438
+377,543
| +123% | +$16.7M |
|
631
PUT
American Express
AXP
$229B
| $25.2M | 0.04% |
213,100
-61,400
| -22% | -$7.53M |
|
|
OPLN
632
Openlane
OPLN
$4.25B
| $25.2M | 0.04% |
1,026,413
+937,634
| +1,056% | +$24M |
|
633
Copa Holdings
CPA
$5.65B
| $25.2M | 0.04% |
254,845
+208,781
| +453% | +$21M |
|
634
Energizer
ENR
$1.44B
| $25.1M | 0.04% |
576,043
-129,042
| -18% | -$5.14M |
|
635
Neurocrine Biosciences
NBIX
$17.7B
| $25M | 0.04% |
277,052
+73,342
| +36% | +$6.85M |
|
636
Sun Communities
SUI
$15B
| $24.9M | 0.04% |
167,762
-188,102
| -53% | -$26.6M |
|
637
National Vision
EYE
$1.66B
| $24.9M | 0.04% |
1,033,304
+583,357
| +130% | +$17M |
|
638
CALL
Amgen
AMGN
$203B
| $24.9M | 0.04% |
128,500
-48,900
| -28% | -$9.39M |
|
639
CALL
United Airlines
UAL
$39.1B
| $24.8M | 0.04% |
280,700
+70,500
| +34% | +$6.23M |
|
640
Jones Lang LaSalle
JLL
$15.5B
| $24.8M | 0.04% |
178,070
+134,656
| +310% | +$18.7M |
|
641
M&T Bank
MTB
$36B
| $24.7M | 0.04% |
156,486
+124,480
| +389% | +$19.6M |
|
642
CALL
Charter Communications
CHTR
$15.7B
| $24.6M | 0.04% |
59,700
+14,300
| +31% | +$5.77M |
|
643
Graco
GGG
$13B
| $24.6M | 0.04% |
533,640
+390,080
| +272% | +$18.4M |
|
644
TD Synnex
SNX
$19.6B
| $24.6M | 0.04% |
435,074
-452,530
| -51% | -$21.1M |
|
|
DENN
645
DELISTED
Denny's
DENN
| $24.5M | 0.04% |
1,076,609
+353,294
| +49% | +$7.92M |
|
646
FirstCash
FCFS
$9.06B
| $24.5M | 0.04% |
266,892
+192,532
| +259% | +$19.1M |
|
|
DLPH
647
DELISTED
Delphi Technologies PLC Ordinary Shares
DLPH
| $24.4M | 0.04% |
1,823,951
+518,218
| +40% | +$8.22M |
|
|
VBTX
648
DELISTED
Veritex Holdings
VBTX
| $24.4M | 0.04% |
1,007,168
+593,588
| +144% | +$14.6M |
|
649
Flex
FLEX
$42.5B
| $24.3M | 0.04% |
3,087,482
+1,673,353
| +118% | +$12.9M |
|
650
Pacira BioSciences
PCRX
$1.04B
| $24.3M | 0.04% |
639,139
-844,598
| -57% | -$33.7M |
|
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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.