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 | |
|---|---|---|---|---|---|---|
951
CALL
State Street SPDR S&P Retail ETF
XRT
$448M
| $16.8M | 0.02% |
365,300
-43,100
| -11% | -$1.9M |
|
952
Nutrien
NTR
$32.4B
| $16.8M | 0.02% |
349,760
+335,342
| +2,326% | +$16.2M |
|
953
iShares Floating Rate Bond ETF
FLOT
$10.2B
| $16.8M | 0.02% |
328,970
+88,832
| +37% | +$4.52M |
|
|
JHG
954
DELISTED
Janus Henderson
JHG
| $16.7M | 0.02% |
684,449
+334,001
| +95% | +$7.96M |
|
955
PUT
General Motors
GM
$78.7B
| $16.7M | 0.02% |
456,500
+6,500
| +1% | +$236K |
|
|
IBKC
956
DELISTED
IBERIABANK Corp
IBKC
| $16.7M | 0.02% |
222,699
-53,979
| -20% | -$4.01M |
|
957
Henry Schein
HSIC
$9.64B
| $16.6M | 0.02% |
+249,358
| New | +$16.5M |
|
958
Heron Therapeutics
HRTX
$86.9M
| $16.6M | 0.02% |
707,544
+140,613
| +25% | +$3.11M |
|
959
QuidelOrtho
QDEL
$1.15B
| $16.6M | 0.02% |
221,487
+22,528
| +11% | +$1.46M |
|
960
Gen Digital
GEN
$16.1B
| $16.6M | 0.02% |
650,622
-74,659
| -10% | -$1.82M |
|
|
MODN
961
DELISTED
MODEL N, INC.
MODN
| $16.5M | 0.02% |
471,823
+158,047
| +50% | +$4.81M |
|
962
Orthofix Medical
OFIX
$481M
| $16.5M | 0.02% |
358,247
+243,722
| +213% | +$11.5M |
|
963
Agios Pharmaceuticals
AGIO
$2.2B
| $16.5M | 0.02% |
346,203
+133,095
| +62% | +$5.03M |
|
964
Tesla
TSLA
$1.22T
| $16.5M | 0.02% |
590,655
-436,350
| -42% | -$9.47M |
|
|
PINC
965
DELISTED
Premier
PINC
| $16.4M | 0.02% |
433,922
+77,432
| +22% | +$2.73M |
|
|
OPB
966
DELISTED
Opus Bank Common Stock
OPB
| $16.4M | 0.02% |
634,277
+412,125
| +186% | +$10.2M |
|
|
ATH
967
DELISTED
Athene Holding Ltd. Class A Common Shares
ATH
| $16.4M | 0.02% |
347,669
+301,617
| +655% | +$13.1M |
|
968
MGP Ingredients
MGPI
$384M
| $16.3M | 0.02% |
336,861
+34,982
| +12% | +$1.64M |
|
969
Suncor Energy
SU
$75.6B
| $16.3M | 0.02% |
496,358
-2,169,076
| -81% | -$67.7M |
|
|
HCCOU
970
DELISTED
Healthcare Merger Corp. Units
HCCOU
| $16.3M | 0.02% |
+1,570,000
| New | +$16.5M |
|
|
WBT
971
DELISTED
Welbilt, Inc.
WBT
| $16.2M | 0.02% |
1,040,007
+580,941
| +127% | +$9.94M |
|
972
Southwest Gas
SWX
$6.66B
| $16.2M | 0.02% |
213,532
+13,273
| +7% | +$1.08M |
|
|
CVGW
973
DELISTED
Calavo Growers
CVGW
| $16.2M | 0.02% |
178,877
+105,629
| +144% | +$9.44M |
|
974
Puma Biotechnology
PBYI
$407M
| $16.2M | 0.02% |
1,850,306
+1,172,911
| +173% | +$9.71M |
|
|
LSXMK
975
DELISTED
Liberty Media Corporation Series C Liberty SiriusXM Common Stock
LSXMK
| $16.2M | 0.02% |
441,236
+112,301
| +34% | +$3.92M |
|
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.