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 | |
|---|---|---|---|---|---|---|
1026
Kemper
KMPR
$1.67B
| $7.55M | 0.02% |
101,554
+26,756
| +36% | +$2M |
|
|
GOOD
1027
Gladstone Commercial Corp
GOOD
$605M
| $7.53M | 0.02% |
524,634
+194,020
| +59% | +$3.69M |
|
1028
Universal Display
OLED
$3.68B
| $7.5M | 0.02% |
56,901
+5,521
| +11% | +$950K |
|
|
IBTX
1029
DELISTED
Independent Bank Group, Inc.
IBTX
| $7.49M | 0.02% |
316,277
+123,516
| +64% | +$5.67M |
|
1030
CALL
Intuitive Surgical
ISRG
$127B
| $7.48M | 0.02% |
45,300
-157,800
| -78% | -$28.9M |
|
1031
PUT
Prudential Financial
PRU
$42.4B
| $7.47M | 0.02% |
143,200
-8,800
| -6% | -$699K |
|
1032
Associated Banc-Corp
ASB
$5.83B
| $7.46M | 0.02% |
583,393
-324,176
| -36% | -$5.82M |
|
1033
Gen Digital
GEN
$16.4B
| $7.46M | 0.02% |
398,759
-251,863
| -39% | -$5.45M |
|
1034
CALL
Advanced Micro Devices
AMD
$776B
| $7.45M | 0.02% |
163,700
+86,200
| +111% | +$4.15M |
|
|
CTRA
1035
DELISTED
Coterra Energy
CTRA
| $7.43M | 0.02% |
432,323
-97,280
| -18% | -$1.54M |
|
|
JKS
1036
JinkoSolar
JKS
$793M
| $7.42M | 0.02% |
499,682
+476,086
| +2,018% | +$9.99M |
|
1037
First Financial Bankshares
FFIN
$5.04B
| $7.41M | 0.02% |
275,992
+260,867
| +1,725% | +$8.17M |
|
1038
KALA BIO
KALA
$14.1M
| $7.4M | 0.02% |
337
+117
| +53% | +$1.87M |
|
1039
Crane NXT
CXT
$2.99B
| $7.4M | 0.02% |
433,134
+19,309
| +5% | +$496K |
|
|
VER
1040
DELISTED
VEREIT, Inc.
VER
| $7.39M | 0.02% |
302,301
+97,521
| +48% | +$4.12M |
|
|
FPAC.WS
1041
CALL
DELISTED
Far Point Acquisition Corporation Warrants, exercisable for one share of Class A Common Stock for $1
FPAC.WS
| $7.39M | 0.02% |
729,999
+629,999
| +630% | +$934K |
|
1042
First Majestic Silver
AG
$7.41B
| $7.36M | 0.02% |
1,189,220
+411,074
| +53% | +$3.68M |
|
|
TLMD
1043
DELISTED
SOC Telemed, Inc. Class A Common Stock
TLMD
| $7.35M | 0.02% |
+750,000
| New | +$7.4M |
|
|
CIT
1044
DELISTED
CIT Group Inc.
CIT
| $7.33M | 0.02% |
424,425
+150,103
| +55% | +$5.67M |
|
1045
Primerica
PRI
$9.98B
| $7.33M | 0.02% |
82,783
-28,448
| -26% | -$3.25M |
|
1046
PUT
Zoom
ZM
$28.2B
| $7.31M | 0.02% |
+50,000
| New | +$4.93M |
|
1047
Pool Corp
POOL
$6.75B
| $7.29M | 0.02% |
+37,058
| New | +$7.89M |
|
1048
Helmerich & Payne
HP
$3.45B
| $7.28M | 0.02% |
465,370
-1,324,742
| -74% | -$46.7M |
|
1049
Orion
OEC
$381M
| $7.28M | 0.02% |
976,177
-500,863
| -34% | -$7.25M |
|
1050
PVH
PVH
$4B
| $7.28M | 0.02% |
193,338
-273,665
| -59% | -$20.9M |
|
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.