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 | |
|---|---|---|---|---|---|---|
1051
Norwegian Cruise Line
NCLH
$9.5B
| $14.7M | 0.02% |
251,475
-139,106
| -36% | -$7.34M |
|
1052
Provident Financial Services
PFS
$3.14B
| $14.6M | 0.02% |
594,228
+110,546
| +23% | +$2.73M |
|
|
I
1053
DELISTED
INTELSAT S. A.
I
| $14.6M | 0.02% |
2,080,164
+1,862,959
| +858% | +$29.3M |
|
1054
HighPeak Energy
HPK
$845M
| $14.6M | 0.02% |
1,410,000
+910,000
| +182% | +$9.38M |
|
1055
Take-Two Interactive
TTWO
$45.3B
| $14.6M | 0.02% |
118,868
-186,799
| -61% | -$22.7M |
|
1056
Coty
COTY
$2.49B
| $14.5M | 0.02% |
1,292,779
+573,879
| +80% | +$6.53M |
|
|
1057
CALL
Wells Fargo
WFC
$263B
| $14.5M | 0.02% |
270,300
+40,500
| +18% | +$2.12M |
|
|
SNBR
1058
DELISTED
Sleep Number
SNBR
| $14.5M | 0.02% |
294,936
-104,362
| -26% | -$4.96M |
|
1059
Primerica
PRI
$10B
| $14.5M | 0.02% |
111,231
-57,671
| -34% | -$7.45M |
|
1060
CALL
Mastercard
MA
$494B
| $14.5M | 0.02% |
48,600
-17,600
| -27% | -$4.96M |
|
1061
Winnebago Industries
WGO
$920M
| $14.5M | 0.02% |
273,870
+252,320
| +1,171% | +$11.8M |
|
1062
Four Corners Property Trust
FCPT
$2.87B
| $14.5M | 0.02% |
514,341
+96,895
| +23% | +$2.71M |
|
1063
CALL
DuPont de Nemours
DD
$19.1B
| $14.4M | 0.02% |
+179,250
| New | +$14.9M |
|
1064
Martin Marietta Materials
MLM
$34.8B
| $14.4M | 0.02% |
51,602
-103,554
| -67% | -$27.6M |
|
1065
Vipshop
VIPS
$7.16B
| $14.4M | 0.02% |
1,012,892
+209,149
| +26% | +$2.48M |
|
1066
Dycom Industries
DY
$11.8B
| $14.3M | 0.02% |
304,255
+295,785
| +3,492% | +$14.4M |
|
1067
Curtiss-Wright
CW
$26.4B
| $14.3M | 0.02% |
101,798
-465
| -0.5% | -$63K |
|
|
DERM
1068
DELISTED
Dermira, Inc.
DERM
| $14.3M | 0.02% |
945,455
+536,326
| +131% | +$4.63M |
|
1069
Equity Residential
EQR
$25.6B
| $14.3M | 0.02% |
176,784
-11,811
| -6% | -$1.01M |
|
1070
PUT
Prudential Financial
PRU
$42.9B
| $14.2M | 0.02% |
152,000
+128,900
| +558% | +$11.8M |
|
1071
Flex
FLEX
$38B
| $14.2M | 0.02% |
1,497,895
-1,589,587
| -51% | -$13.7M |
|
1072
State Street Industrial Select Sector SPDR ETF
XLI
$33.2B
| $14.1M | 0.02% |
173,618
+31,820
| +22% | +$2.54M |
|
1073
Intuitive Surgical
ISRG
$132B
| $14.1M | 0.02% |
71,769
-151,881
| -68% | -$28.4M |
|
|
LMNX
1074
DELISTED
Luminex Corp
LMNX
| $14.1M | 0.02% |
610,387
+215,216
| +54% | +$4.44M |
|
1075
TSMC
TSM
$2T
| $14.1M | 0.02% |
243,133
-421,194
| -63% | -$22.3M |
|
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.