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 | |
|---|---|---|---|---|---|---|
|
EFOR
1001
Everforth Inc
EFOR
$884M
| $15.5M | 0.02% |
218,459
-289,503
| -57% | -$18.9M |
|
1002
iShares China Large-Cap ETF
FXI
$4.22B
| $15.5M | 0.02% |
354,887
+254,990
| +255% | +$10.6M |
|
1003
Sprouts Farmers Market
SFM
$7.23B
| $15.5M | 0.02% |
799,919
+460,407
| +136% | +$8.92M |
|
1004
Ericsson
ERIC
$31.8B
| $15.4M | 0.02% |
1,759,332
+1,428,380
| +432% | +$12.6M |
|
|
GLUU
1005
DELISTED
Glu Mobile Inc.
GLUU
| $15.4M | 0.02% |
2,549,020
+2,367,176
| +1,302% | +$13.5M |
|
|
ALXN
1006
DELISTED
Alexion Pharmaceuticals
ALXN
| $15.4M | 0.02% |
142,348
-273,213
| -66% | -$29.2M |
|
|
ESPR
1007
DELISTED
Esperion Therapeutics
ESPR
| $15.4M | 0.02% |
258,151
+176,164
| +215% | +$7.92M |
|
1008
Golub Capital BDC
GBDC
$3.36B
| $15.4M | 0.02% |
851,528
+761,902
| +850% | +$13.4M |
|
1009
PUT
Trane Technologies
TT
$107B
| $15.4M | 0.02% |
115,800
-10,500
| -8% | -$1.33M |
|
1010
Visteon
VC
$2.82B
| $15.4M | 0.02% |
177,445
-146,409
| -45% | -$13M |
|
1011
State Street Health Care Select Sector SPDR ETF
XLV
$42.2B
| $15.4M | 0.02% |
150,787
-34,051
| -18% | -$3.27M |
|
1012
Kinder Morgan
KMI
$70.6B
| $15.4M | 0.02% |
725,412
+431,376
| +147% | +$8.73M |
|
1013
FirstService
FSV
$6.45B
| $15.3M | 0.02% |
164,962
+149,788
| +987% | +$14.1M |
|
|
PRSP
1014
DELISTED
Perspecta Inc. Common Stock
PRSP
| $15.3M | 0.02% |
579,464
-257,600
| -31% | -$6.86M |
|
1015
PUT
Vulcan Materials
VMC
$36.9B
| $15.3M | 0.02% |
106,200
-200
| -0.2% | -$28.6K |
|
1016
Towne Bank
TOWN
$3.45B
| $15.2M | 0.02% |
548,023
+133,043
| +32% | +$3.73M |
|
1017
Assurant
AIZ
$13.7B
| $15.2M | 0.02% |
116,250
-208,564
| -64% | -$26.8M |
|
|
MINI
1018
DELISTED
Mobile Mini Inc
MINI
| $15.2M | 0.02% |
401,236
+80,752
| +25% | +$3.04M |
|
|
IMGN
1019
DELISTED
Immunogen Inc
IMGN
| $15.2M | 0.02% |
2,969,579
+1,046,725
| +54% | +$3.55M |
|
|
QTNT
1020
DELISTED
Quotient Limited Ordinary Shares
QTNT
| $15.2M | 0.02% |
39,845
+10,308
| +35% | +$3.42M |
|
|
TSG
1021
DELISTED
The Stars Group Inc.
TSG
| $15.1M | 0.02% |
580,285
+563,585
| +3,375% | +$12.6M |
|
|
EXAS
1022
DELISTED
Exact Sciences
EXAS
| $15.1M | 0.02% |
163,641
-118,438
| -42% | -$10.4M |
|
1023
ServiceNow
NOW
$109B
| $15.1M | 0.02% |
267,880
-308,925
| -54% | -$16.3M |
|
1024
Selective Insurance
SIGI
$5.53B
| $15.1M | 0.02% |
231,277
-195,716
| -46% | -$13.5M |
|
|
CCH.U
1025
DELISTED
Collier Creek Holdings Units, each consisting of one Class A ordinary share, $0.0001 par value, and
CCH.U
| $15.1M | 0.02% |
1,400,000
| – | – |
|
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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.