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 | |
|---|---|---|---|---|---|---|
|
ADSW
751
DELISTED
Advanced Disposal Services Inc
ADSW
| $23.3M | 0.03% |
709,885
-1,923,688
| -73% | -$63.1M |
|
752
M&T Bank
MTB
$36B
| $23.3M | 0.03% |
137,273
-19,213
| -12% | -$3.12M |
|
|
SIEN
753
DELISTED
Sientra, Inc.
SIEN
| $23.2M | 0.03% |
259,018
-65,215
| -20% | -$4.91M |
|
|
NVO
754
CALL
Novo Nordisk
NVO
$220B
| $23.2M | 0.03% |
800,000
-100,000
| -11% | -$2.77M |
|
|
WW
755
CALL
DELISTED
WW International
WW
| $23.1M | 0.03% |
605,000
+545,000
| +908% | +$20.7M |
|
756
Equity Lifestyle Properties
ELS
$12.6B
| $23.1M | 0.03% |
328,205
-484,989
| -60% | -$33.7M |
|
757
PUT
State Street Communication Services Select Sector SPDR ETF
XLC
$22.1B
| $23.1M | 0.03% |
430,500
-342,700
| -44% | -$17.7M |
|
758
PPG Industries
PPG
$26.4B
| $23M | 0.03% |
172,455
+19,048
| +12% | +$2.41M |
|
759
Alkermes
ALKS
$8.79B
| $23M | 0.03% |
1,127,720
-1,045,550
| -48% | -$20.8M |
|
760
Analog Devices
ADI
$181B
| $23M | 0.03% |
193,247
+79,306
| +70% | +$8.94M |
|
761
Seagate
STX
$185B
| $22.9M | 0.03% |
385,463
+245,238
| +175% | +$14.1M |
|
762
Arbor Realty Trust
ABR
$977M
| $22.9M | 0.03% |
1,595,225
+136,803
| +9% | +$1.94M |
|
763
Incyte
INCY
$23.7B
| $22.9M | 0.03% |
261,824
-14,036
| -5% | -$1.2M |
|
764
PUT
Edwards Lifesciences
EW
$47.8B
| $22.8M | 0.03% |
293,100
-308,400
| -51% | -$24.1M |
|
765
PUT
TJX Companies
TJX
$173B
| $22.8M | 0.03% |
372,800
+253,000
| +211% | +$15M |
|
766
Gibraltar Industries
ROCK
$1.36B
| $22.7M | 0.03% |
449,772
+58,164
| +15% | +$2.92M |
|
767
iShares MSCI Japan ETF
EWJ
$21.7B
| $22.6M | 0.03% |
380,687
+72,990
| +24% | +$4.3M |
|
768
Trinity Industries
TRN
$2.95B
| $22.5M | 0.03% |
1,016,961
+13,853
| +1% | +$282K |
|
769
DHT Holdings
DHT
$2.95B
| $22.5M | 0.03% |
2,719,452
+1,677,082
| +161% | +$12.4M |
|
|
NSTG
770
DELISTED
NanoString Technologies, Inc.
NSTG
| $22.5M | 0.03% |
808,652
+292,669
| +57% | +$7.1M |
|
771
Affiliated Managers Group
AMG
$9.61B
| $22.4M | 0.03% |
264,786
+152,143
| +135% | +$12.5M |
|
|
RTN
772
DELISTED
Raytheon Company
RTN
| $22.4M | 0.03% |
101,839
-83,866
| -45% | -$17.7M |
|
773
Element Solutions
ESI
$9.22B
| $22.3M | 0.03% |
1,907,442
+1,605,640
| +532% | +$17.7M |
|
774
CALL
State Street Health Care Select Sector SPDR ETF
XLV
$42.2B
| $22.3M | 0.03% |
218,600
-359,200
| -62% | -$34.5M |
|
775
Arrow Electronics
ARW
$10.9B
| $22.2M | 0.03% |
262,499
+102,700
| +64% | +$8.17M |
|
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.