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 | |
|---|---|---|---|---|---|---|
826
PUT
State Street Communication Services Select Sector SPDR ETF
XLC
$22.3B
| $10.2M | 0.02% |
230,500
-200,000
| -46% | -$10.3M |
|
827
ICU Medical
ICUI
$4.21B
| $10.2M | 0.02% |
+50,445
| New | +$9.71M |
|
|
ABMD
828
CALL
DELISTED
Abiomed Inc
ABMD
| $10.2M | 0.02% |
70,000
+18,000
| +35% | +$2.99M |
|
|
FG
829
DELISTED
FGL Holdings Ordinary Shares
FG
| $10.2M | 0.02% |
+1,036,174
| New | +$10.9M |
|
|
PXD
830
DELISTED
Pioneer Natural Resource Co.
PXD
| $10.2M | 0.02% |
144,749
-214,024
| -60% | -$25.4M |
|
831
ASML
ASML
$626B
| $10.1M | 0.02% |
38,708
-33,600
| -46% | -$9.56M |
|
|
UNVR
832
DELISTED
Univar Solutions Inc.
UNVR
| $10.1M | 0.02% |
944,318
+389,528
| +70% | +$7.23M |
|
|
LTC
833
LTC Properties
LTC
$2.06B
| $10.1M | 0.02% |
327,506
+323,032
| +7,220% | +$13.8M |
|
834
Neurocrine Biosciences
NBIX
$16.8B
| $10.1M | 0.02% |
116,800
-269,258
| -70% | -$26.4M |
|
|
MGLN
835
DELISTED
Magellan Health Services, Inc.
MGLN
| $10.1M | 0.02% |
209,533
-157,272
| -43% | -$10.1M |
|
836
PUT
NetEase
NTES
$85.3B
| $10.1M | 0.02% |
157,000
+59,000
| +60% | +$3.88M |
|
|
GNOG
837
DELISTED
Golden Nugget Online Gaming, Inc. Class A Common Stock
GNOG
| $10.1M | 0.02% |
1,028,410
+746,812
| +265% | +$7.41M |
|
|
SGEN
838
DELISTED
Seagen Inc. Common Stock
SGEN
| $10.1M | 0.02% |
87,312
-135,060
| -61% | -$15M |
|
|
CHPMU
839
DELISTED
CHP Merger Corp. Unit
CHPMU
| $10.1M | 0.02% |
1,017,749
-982,251
| -49% | -$10.1M |
|
|
TMX
840
DELISTED
Terminix Global Holdings, Inc.
TMX
| $10M | 0.02% |
371,682
-1,134,246
| -75% | -$38.7M |
|
841
Kodiak Sciences
KOD
$2.6B
| $10M | 0.02% |
210,256
+3,468
| +2% | +$208K |
|
|
842
State Street Communication Services Select Sector SPDR ETF
XLC
$22.3B
| $10M | 0.02% |
226,472
+197,718
| +688% | +$10.2M |
|
843
Principal Financial Group
PFG
$24.3B
| $9.98M | 0.02% |
318,582
+148,757
| +88% | +$7.04M |
|
|
HSKA
844
DELISTED
Heska Corp
HSKA
| $9.97M | 0.02% |
180,264
+76,015
| +73% | +$6.88M |
|
845
East-West Bancorp
EWBC
$17.9B
| $9.94M | 0.02% |
+385,979
| New | +$16.1M |
|
|
SWAV
846
DELISTED
Shockwave Medical, Inc. Common Stock
SWAV
| $9.92M | 0.02% |
298,985
-296,870
| -50% | -$11.8M |
|
847
Peloton Interactive
PTON
$2.77B
| $9.91M | 0.02% |
373,403
+335,349
| +881% | +$9.33M |
|
848
Ligand Pharmaceuticals
LGND
$5.76B
| $9.91M | 0.02% |
218,381
+183,731
| +530% | +$10.4M |
|
849
AXIS Capital
AXS
$7.68B
| $9.9M | 0.02% |
256,211
+56,379
| +28% | +$3.15M |
|
850
Canadian Pacific Kansas City
CP
$78.1B
| $9.9M | 0.02% |
225,345
-1,356,890
| -86% | -$66.8M |
|
Similar funds
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.