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 | |
|---|---|---|---|---|---|---|
|
IVC
1101
DELISTED
Invacare Corporation
IVC
| $13.7M | 0.02% |
1,519,247
-1,017,684
| -40% | -$8.56M |
|
1102
Capri Holdings
CPRI
$1.88B
| $13.7M | 0.02% |
357,842
+98,297
| +38% | +$3.39M |
|
|
THS
1103
DELISTED
Treehouse Foods
THS
| $13.6M | 0.02% |
281,260
-52,506
| -16% | -$2.69M |
|
1104
Morningstar
MORN
$7.4B
| $13.6M | 0.02% |
90,071
+74,058
| +462% | +$11.4M |
|
1105
Fastenal
FAST
$55.2B
| $13.6M | 0.02% |
737,636
+452,608
| +159% | +$8.09M |
|
|
HRC
1106
PUT
DELISTED
HILL-ROM HOLDINGS, INC.
HRC
| $13.6M | 0.02% |
120,000
+100,000
| +500% | +$10.5M |
|
|
NPAUU
1107
DELISTED
New Providence Acquisition Corp. Unit
NPAUU
| $13.6M | 0.02% |
1,324,961
-39
| -0% | -$396 |
|
1108
Alnylam Pharmaceuticals
ALNY
$38.3B
| $13.6M | 0.02% |
118,262
-98,962
| -46% | -$9.87M |
|
1109
Consolidated Edison
ED
$41.8B
| $13.6M | 0.02% |
150,427
+88,172
| +142% | +$7.9M |
|
1110
Algonquin Power & Utilities
AQN
$4.72B
| $13.6M | 0.02% |
961,555
+935,771
| +3,629% | +$13M |
|
1111
Ichor Holdings
ICHR
$2.38B
| $13.6M | 0.02% |
+408,058
| New | +$12.2M |
|
1112
PUT
Southwest Airlines
LUV
$22.8B
| $13.6M | 0.02% |
+251,500
| New | +$13.9M |
|
1113
CALL
US Bancorp
USB
$99.7B
| $13.6M | 0.02% |
228,600
-15,300
| -6% | -$885K |
|
1114
PUT
iShares China Large-Cap ETF
FXI
$4.27B
| $13.5M | 0.02% |
309,600
-299,700
| -49% | -$12.5M |
|
1115
PUT
VanEck Oil Services ETF
OIH
$2B
| $13.5M | 0.02% |
50,935
| – | – |
|
|
HUYA
1116
Huya Inc
HUYA
$556M
| $13.5M | 0.02% |
751,862
+554,261
| +280% | +$11.7M |
|
|
KSU
1117
PUT
DELISTED
Kansas City Southern
KSU
| $13.5M | 0.02% |
+88,000
| New | +$12.9M |
|
|
UNVR
1118
DELISTED
Univar Solutions Inc.
UNVR
| $13.4M | 0.02% |
554,790
+347,248
| +167% | +$7.86M |
|
1119
Old Dominion Freight Line
ODFL
$47.4B
| $13.4M | 0.02% |
212,412
+204,294
| +2,517% | +$12.5M |
|
|
EPAY
1120
CALL
DELISTED
Bottomline Technologies Inc
EPAY
| $13.4M | 0.02% |
+250,000
| New | +$11.4M |
|
|
ZGNX
1121
DELISTED
Zogenix, Inc.
ZGNX
| $13.4M | 0.02% |
256,774
-995,563
| -79% | -$45.6M |
|
1122
Protolabs
PRLB
$1.79B
| $13.4M | 0.02% |
131,614
+84,853
| +181% | +$8.41M |
|
1123
Middleby
MIDD
$6.16B
| $13.3M | 0.02% |
121,299
+117,788
| +3,355% | +$13.5M |
|
1124
Royal Caribbean
RCL
$86.1B
| $13.3M | 0.02% |
99,402
-227,163
| -70% | -$26.5M |
|
|
JIH.U
1125
DELISTED
Juniper Industrial Holdings, Inc. Units, each consisting of one share of Class A common stock, $0.00
JIH.U
| $13.3M | 0.02% |
+1,300,000
| New | +$13.1M |
|
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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.