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 | |
|---|---|---|---|---|---|---|
676
Guardant Health
GH
$19.3B
| $26.2M | 0.03% |
334,704
+207,105
| +162% | +$14.9M |
|
677
InterDigital
IDCC
$6.65B
| $26.1M | 0.03% |
478,264
+142,656
| +43% | +$7.88M |
|
678
Jabil
JBL
$31.8B
| $26M | 0.03% |
628,347
-527,469
| -46% | -$20.2M |
|
679
Royal Bank of Canada
RY
$289B
| $26M | 0.03% |
+327,855
| New | +$26.4M |
|
|
HBI
680
DELISTED
Hanesbrands
HBI
| $25.9M | 0.03% |
+1,746,217
| New | +$26.5M |
|
|
SKX
681
DELISTED
Skechers
SKX
| $25.8M | 0.03% |
598,363
-210,973
| -26% | -$8.32M |
|
682
PUT
CSX Corp
CSX
$95.6B
| $25.8M | 0.03% |
1,070,700
+269,700
| +34% | +$6.38M |
|
683
PUT
Monster Beverage
MNST
$93.2B
| $25.7M | 0.03% |
809,800
+20,600
| +3% | +$605K |
|
684
Dell
DELL
$273B
| $25.7M | 0.03% |
987,818
-436,362
| -31% | -$11.4M |
|
685
Kinross Gold
KGC
$28.4B
| $25.7M | 0.03% |
5,417,573
-4,141,923
| -43% | -$18.7M |
|
|
VVNT
686
DELISTED
Vivint Smart Home, Inc. Class A Common Stock
VVNT
| $25.7M | 0.03% |
2,494,621
+680,189
| +37% | +$6.96M |
|
687
PUT
Honeywell
HON
$77.2B
| $25.6M | 0.03% |
206,789
+131,246
| +174% | +$21.5M |
|
688
HEICO Corp
HEI
$49.5B
| $25.6M | 0.03% |
224,214
+171,122
| +322% | +$21.1M |
|
689
CNO Financial Group
CNO
$4.96B
| $25.6M | 0.03% |
1,410,616
-241,637
| -15% | -$4.11M |
|
690
Air Products & Chemicals
APD
$65.2B
| $25.5M | 0.03% |
108,701
+44,951
| +71% | +$10.1M |
|
691
uniQure
QURE
$2.65B
| $25.5M | 0.03% |
355,548
+233,895
| +192% | +$12.8M |
|
692
Domino's
DPZ
$11.5B
| $25.4M | 0.03% |
86,594
+63,041
| +268% | +$17.4M |
|
|
SGEN
693
DELISTED
Seagen Inc. Common Stock
SGEN
| $25.4M | 0.03% |
222,372
+141,043
| +173% | +$15M |
|
694
Labcorp
LH
$24.5B
| $25.4M | 0.03% |
174,787
-331,601
| -65% | -$47.9M |
|
695
Glaukos
GKOS
$8.86B
| $25.3M | 0.03% |
465,052
+438,443
| +1,648% | +$26.7M |
|
696
CALL
Medtronic
MDT
$109B
| $25.3M | 0.03% |
223,100
+129,100
| +137% | +$14.2M |
|
697
AerCap
AER
$23.8B
| $25.3M | 0.03% |
410,928
+163,754
| +66% | +$9.63M |
|
698
DaVita
DVA
$15.2B
| $25.2M | 0.03% |
336,272
-18,868
| -5% | -$1.25M |
|
699
MacroGenics
MGNX
$250M
| $25.2M | 0.03% |
2,314,831
-829,086
| -26% | -$8.21M |
|
700
Western Alliance Bancorporation
WAL
$9.06B
| $25.2M | 0.03% |
441,808
-408,293
| -48% | -$20.9M |
|
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.