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 |
AGN
Allergan plc
AGN
|
+$200M |
| 2 |
Danaher
DHR
|
+$146M |
| 3 |
iShares 1-5 Year Investment Grade Corporate Bond ETF
IGSB
|
+$138M |
| 4 |
Procter & Gamble
PG
|
+$122M |
| 5 |
RDS.B
Royal Dutch Shell PLC ADS Class B
RDS.B
|
+$109M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$3.89B |
| 2 |
Microsoft
MSFT
|
+$380M |
| 3 |
Alibaba
BABA
|
+$352M |
| 4 |
Wells Fargo
WFC
|
+$245M |
| 5 |
American Electric Power
AEP
|
+$243M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 11.41% |
| 2 | Technology | 7.27% |
| 3 | Financials | 6.46% |
| 4 | Consumer Discretionary | 5.3% |
| 5 | Industrials | 4.98% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
801
AvePoint
AVPT
$2.76B
| $10.7M | 0.02% |
+1,095,424
| New | +$10.8M |
|
|
TVTY
802
DELISTED
Tivity Health, Inc. Common Stock
TVTY
| $10.7M | 0.02% |
1,697,452
+375,687
| +28% | +$6.06M |
|
803
TG Therapeutics
TGTX
$7.96B
| $10.7M | 0.02% |
1,084,641
-2,012,402
| -65% | -$25.4M |
|
804
Baker Hughes
BKR
$60B
| $10.7M | 0.02% |
1,014,973
-356,087
| -26% | -$6.69M |
|
|
SJI
805
DELISTED
South Jersey Industries, Inc.
SJI
| $10.6M | 0.02% |
425,841
-286,295
| -40% | -$8.45M |
|
806
CF Industries
CF
$19.2B
| $10.6M | 0.02% |
390,949
-497,458
| -56% | -$18.5M |
|
807
Nucor
NUE
$58.6B
| $10.6M | 0.02% |
+293,142
| New | +$13M |
|
808
Chipotle Mexican Grill
CMG
$47.2B
| $10.6M | 0.02% |
806,500
-1,160,700
| -59% | -$18.4M |
|
|
FISV
809
Fiserv Inc
FISV
$28.8B
| $10.5M | 0.02% |
110,999
-595,471
| -84% | -$66.1M |
|
810
CALL
Illumina
ILMN
$31B
| $10.5M | 0.02% |
39,681
-37,419
| -49% | -$10.5M |
|
811
Celularity
CELU
$18.4M
| $10.5M | 0.02% |
107,524
+68,452
| +175% | +$6.78M |
|
|
SPAQ.U
812
DELISTED
Spartan Energy Acquisition Corp Units (each consisting of one Class A Common Stock and one-third of
SPAQ.U
| $10.5M | 0.02% |
1,000,000
-1,913,563
| -66% | -$19.9M |
|
813
Brown & Brown
BRO
$23.6B
| $10.5M | 0.02% |
288,961
-625,185
| -68% | -$26.4M |
|
|
QTS
814
DELISTED
QTS REALTY TRUST, INC.
QTS
| $10.5M | 0.02% |
180,249
-12,543
| -7% | -$700K |
|
815
PUT
Delta Air Lines
DAL
$57.5B
| $10.4M | 0.02% |
364,800
-621,700
| -63% | -$30.8M |
|
|
IVC
816
DELISTED
Invacare Corporation
IVC
| $10.4M | 0.02% |
1,399,468
-119,779
| -8% | -$928K |
|
817
Copa Holdings
CPA
$5.76B
| $10.4M | 0.02% |
229,495
-23,809
| -9% | -$2.04M |
|
|
FL
818
DELISTED
Foot Locker
FL
| $10.3M | 0.02% |
468,931
-763,030
| -62% | -$25.9M |
|
|
NXRT
819
NexPoint Residential Trust
NXRT
$666M
| $10.3M | 0.02% |
409,842
-83,613
| -17% | -$3.66M |
|
|
THS
820
DELISTED
Treehouse Foods
THS
| $10.3M | 0.02% |
233,937
-47,323
| -17% | -$2.04M |
|
|
NEWR
821
DELISTED
New Relic, Inc.
NEWR
| $10.3M | 0.02% |
223,238
+61,022
| +38% | +$3.56M |
|
822
PUT
Workday
WDAY
$39.6B
| $10.3M | 0.02% |
78,900
+70,500
| +839% | +$11.9M |
|
823
Qualcomm
QCOM
$155B
| $10.2M | 0.02% |
151,248
-983,869
| -87% | -$80.7M |
|
824
Plains GP Holdings
PAGP
$5.21B
| $10.2M | 0.02% |
1,822,911
-2,000,266
| -52% | -$28.1M |
|
|
MIME
825
DELISTED
Mimecast Limited
MIME
| $10.2M | 0.02% |
288,957
+85,970
| +42% | +$3.72M |
|
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Millennium Management's Q1 2020 Portfolio in Review
As of Q1 2020, Millennium Management held 4,928 positions worth $44.5B, down 44% from $79.9B the previous quarter. Its ten largest holdings account for 18% of the portfolio.
Millennium Management withdrew a net $21.4B in Q1 2020, closing 1,154 positions and reducing 1,745 holdings. Its most notable exit was Becton Dickinson, an estimated $152M position sold in full.
By sector, the portfolio is most concentrated in Healthcare at 11% of assets, up from 9.7% a quarter earlier, followed by Technology and Financials.
Against the trend, Millennium Management opened a new position in Danaher worth $133M.
- Millennium Management's largest Q1 2020 buy was Danaher: 1,082,448 shares worth $133M.
- Millennium Management added most to Allergan plc in Q1 2020, an estimated $200M increase.
- Millennium Management's biggest Q1 2020 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $3.89B.
- Millennium Management fully exited Becton Dickinson in Q1 2020, selling an estimated $152M.
- Millennium Management's ten largest holdings make up 18% of its $44.5B portfolio in Q1 2020.
- Millennium Management opened 789 new positions and closed 1,154 in Q1 2020.
- Millennium Management's portfolio value fell 44% quarter-over-quarter to $44.5B.
Based on Millennium Management's 13F filing for Q1 2020, filed 14 May 2020.