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 |
L3Harris
LHX
|
+$282M |
| 2 |
Ameren
AEE
|
+$239M |
| 3 |
Restaurant Brands International
QSR
|
+$192M |
| 4 |
Lowe's Companies
LOW
|
+$190M |
| 5 |
Las Vegas Sands
LVS
|
+$164M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
LyondellBasell Industries
LYB
|
+$441M |
| 2 |
WP
Worldpay, Inc.
WP
|
+$429M |
| 3 |
LLL
L3 Technologies, Inc.
LLL
|
+$412M |
| 4 |
RHT
Red Hat Inc
RHT
|
+$399M |
| 5 |
APC
Anadarko Petroleum
APC
|
+$304M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 10.82% |
| 2 | Financials | 10.34% |
| 3 | Technology | 9.47% |
| 4 | Consumer Discretionary | 8.69% |
| 5 | Industrials | 8.57% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
KDMN
1076
DELISTED
Kadmon Holdings, Inc.
KDMN
| $13M | 0.02% |
5,168,469
+2,087,903
| +68% | +$5.18M |
|
1077
Kimberly-Clark
KMB
$37B
| $13M | 0.02% |
91,482
-997,343
| -92% | -$137M |
|
1078
Chesapeake Utilities
CPK
$3.26B
| $13M | 0.02% |
136,234
+73,041
| +116% | +$6.83M |
|
|
PMT
1079
PennyMac Mortgage Investment
PMT
$839M
| $13M | 0.02% |
583,914
-33,353
| -5% | -$735K |
|
1080
Berkshire Hathaway Class B
BRK.B
$1.07T
| $13M | 0.02% |
62,268
-54,230
| -47% | -$11.2M |
|
1081
Micron Technology
MU
$1.02T
| $12.9M | 0.02% |
301,948
-372,761
| -55% | -$16.9M |
|
1082
Caterpillar
CAT
$402B
| $12.9M | 0.02% |
102,381
-108,200
| -51% | -$13.7M |
|
1083
Paylocity
PCTY
$6.97B
| $12.9M | 0.02% |
132,481
-255,684
| -66% | -$26.2M |
|
1084
Red Rock Resorts
RRR
$3.8B
| $12.9M | 0.02% |
633,304
-124,722
| -16% | -$2.6M |
|
|
ATNX
1085
DELISTED
Athenex, Inc. Common Stock
ATNX
| $12.8M | 0.02% |
52,767
+30,482
| +137% | +$9.97M |
|
|
BBL
1086
DELISTED
BHP Group Plc American Depositary Shares (Each representing two Ordinary Shares)
BBL
| $12.8M | 0.02% |
299,489
-154,987
| -34% | -$7.07M |
|
|
CSGS
1087
DELISTED
CSG Systems International
CSGS
| $12.8M | 0.02% |
248,063
-105,078
| -30% | -$5.38M |
|
|
PGRE
1088
DELISTED
Paramount Group
PGRE
| $12.8M | 0.02% |
958,780
+770,211
| +408% | +$10.4M |
|
|
AKRX
1089
DELISTED
Akorn Inc
AKRX
| $12.8M | 0.02% |
3,360,605
+1,817,745
| +118% | +$6.49M |
|
1090
Envista
NVST
$4.34B
| $12.8M | 0.02% |
+458,013
| New | +$12.8M |
|
1091
Lithia Motors
LAD
$7.88B
| $12.7M | 0.02% |
96,259
+80,774
| +522% | +$10.3M |
|
1092
Alcon
ALC
$32.8B
| $12.7M | 0.02% |
+218,445
| New | +$13.1M |
|
1093
Analog Devices
ADI
$181B
| $12.7M | 0.02% |
113,941
+15,243
| +15% | +$1.73M |
|
|
DEACU
1094
DELISTED
Diamond Eagle Acquisition Corp. Unit
DEACU
| $12.7M | 0.02% |
1,250,000
| – | – |
|
1095
Rexford Industrial Realty
REXR
$8.63B
| $12.7M | 0.02% |
288,707
-150,398
| -34% | -$6.43M |
|
1096
PUT
AbbVie
ABBV
$454B
| $12.7M | 0.02% |
+167,800
| New | +$11.5M |
|
|
AVP
1097
DELISTED
Avon Products, Inc.
AVP
| $12.7M | 0.02% |
2,887,289
+613,713
| +27% | +$2.59M |
|
1098
Integra LifeSciences
IART
$1.52B
| $12.7M | 0.02% |
+211,431
| New | +$12.6M |
|
1099
PUT
Chipotle Mexican Grill
CMG
$42.6B
| $12.7M | 0.02% |
755,000
+385,000
| +104% | +$6.14M |
|
1100
CALL
DexCom
DXCM
$28.3B
| $12.7M | 0.02% |
340,000
+292,000
| +608% | +$11.3M |
|
Similar funds
Millennium Management's Q3 2019 Portfolio in Review
As of Q3 2019, Millennium Management held 4,833 positions worth $63.3B, down 4.9% from $66.5B the previous quarter. Its ten largest holdings account for 7.2% of the portfolio.
Millennium Management's Q3 2019 filing shows 843 new, 1,522 increased, 1,651 reduced and 727 closed positions. Its largest new stake was L3Harris: 1,378,220 shares worth $288M. The largest sale was LyondellBasell Industries, an estimated $441M.
By sector, the portfolio is most concentrated in Healthcare at 11% of assets, down from 12% a quarter earlier, followed by Financials and Technology.
- Millennium Management's largest Q3 2019 buy was L3Harris: 1,378,220 shares worth $288M.
- Millennium Management added most to Ameren in Q3 2019, an estimated $239M increase.
- Millennium Management's biggest Q3 2019 reduction was LyondellBasell Industries, cutting an estimated $441M.
- Millennium Management fully exited Worldpay, Inc. in Q3 2019, selling an estimated $429M.
- Millennium Management's ten largest holdings make up 7.2% of its $63.3B portfolio in Q3 2019.
- Millennium Management opened 843 new positions and closed 727 in Q3 2019.
- Millennium Management's portfolio value fell 4.9% quarter-over-quarter to $63.3B.
Based on Millennium Management's 13F filing for Q3 2019, filed 14 Nov 2019.