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 | |
|---|---|---|---|---|---|---|
826
Sarepta Therapeutics
SRPT
$1.68B
| $20.3M | 0.03% |
157,627
+96,586
| +158% | +$9.75M |
|
|
CHPMU
827
DELISTED
CHP Merger Corp. Unit
CHPMU
| $20.3M | 0.03% |
+2,000,000
| New | +$20.2M |
|
828
OGE Energy
OGE
$10.2B
| $20.3M | 0.03% |
457,066
-205,475
| -31% | -$8.88M |
|
829
Zymeworks
ZYME
$1.69B
| $20.3M | 0.03% |
446,562
-933,195
| -68% | -$33.9M |
|
830
Pediatrix Medical
MD
$2.15B
| $20.3M | 0.03% |
729,754
+389,673
| +115% | +$9.77M |
|
831
Progressive
PGR
$125B
| $20.3M | 0.03% |
280,063
-14,732
| -5% | -$1.06M |
|
|
NEX
832
DELISTED
NexTier Oilfield Solutions Inc.
NEX
| $20.3M | 0.03% |
3,022,973
+1,330,954
| +79% | +$7.18M |
|
833
Telephone and Data Systems
TDS
$3.83B
| $20.2M | 0.03% |
793,848
+475,928
| +150% | +$11.7M |
|
834
LKQ Corp
LKQ
$6.69B
| $20.2M | 0.03% |
564,580
+41,186
| +8% | +$1.4M |
|
835
Dropbox
DBX
$7.13B
| $20.2M | 0.03% |
1,125,357
+620,299
| +123% | +$11.7M |
|
|
WW
836
DELISTED
WW International
WW
| $20.1M | 0.03% |
527,187
+47,418
| +10% | +$1.8M |
|
837
JetBlue
JBLU
$2.02B
| $20.1M | 0.03% |
1,074,526
-3,407,772
| -76% | -$63.3M |
|
838
Myriad Genetics
MYGN
$515M
| $20.1M | 0.03% |
+738,238
| New | +$20.3M |
|
839
CALL
Chevron
CVX
$378B
| $20.1M | 0.03% |
166,800
-262,600
| -61% | -$30.9M |
|
840
PJT Partners
PJT
$4.36B
| $20.1M | 0.03% |
445,405
-81,247
| -15% | -$3.41M |
|
841
Waste Management
WM
$95.5B
| $20.1M | 0.03% |
176,295
-651,897
| -79% | -$73.6M |
|
842
Enviri
NVRI
$620M
| $20.1M | 0.03% |
872,931
+98,364
| +13% | +$2.06M |
|
843
CALL
AutoZone
AZO
$50.2B
| $20M | 0.03% |
16,800
+4,400
| +35% | +$5.08M |
|
|
SAIL
844
DELISTED
SailPoint Technologies Holdings, Inc. Common Stock
SAIL
| $20M | 0.03% |
847,708
+612,603
| +261% | +$13.4M |
|
845
Associated Banc-Corp
ASB
$5.78B
| $20M | 0.03% |
907,569
+237,927
| +36% | +$5.02M |
|
846
RB Global
RBA
$21.7B
| $20M | 0.03% |
465,589
+205,374
| +79% | +$8.55M |
|
847
LPL Financial
LPLA
$26.5B
| $20M | 0.03% |
216,667
-46,408
| -18% | -$3.98M |
|
|
ECOLW
848
CALL
DELISTED
US Ecology, Inc. Warrant
ECOLW
| $20M | 0.03% |
+345,000
| New | +$3.48M |
|
|
TVIX
849
DELISTED
VelocityShares Daily 2x VIX Short Term ETN
TVIX
| $19.9M | 0.02% |
387,683
+321,528
| +486% | +$27.6M |
|
850
TAL Education Group
TAL
$5.86B
| $19.9M | 0.02% |
412,374
+381,381
| +1,231% | +$16.4M |
|
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.