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 | |
|---|---|---|---|---|---|---|
1126
International Paper
IP
$23.3B
| $13.2M | 0.02% |
+303,820
| New | +$12.7M |
|
1127
CALL
Zoetis
ZTS
$32.5B
| $13.2M | 0.02% |
+100,100
| New | +$12.4M |
|
|
TWTR
1128
CALL
DELISTED
Twitter, Inc.
TWTR
| $13.2M | 0.02% |
+412,900
| New | +$13.6M |
|
|
AVLR
1129
DELISTED
Avalara, Inc.
AVLR
| $13.2M | 0.02% |
180,618
+45,495
| +34% | +$3.3M |
|
1130
Yum China
YUMC
$15.6B
| $13.2M | 0.02% |
275,272
+83,386
| +43% | +$3.71M |
|
1131
PUT
Intercontinental Exchange
ICE
$86.6B
| $13.2M | 0.02% |
142,600
+124,800
| +701% | +$11.6M |
|
1132
Invesco QQQ Trust
QQQ
$445B
| $13.2M | 0.02% |
61,987
-216,856
| -78% | -$43.4M |
|
1133
Patrick Industries
PATK
$2.92B
| $13.2M | 0.02% |
376,769
+167,396
| +80% | +$5.44M |
|
1134
PUT
Eli Lilly
LLY
$1.09T
| $13.1M | 0.02% |
100,000
+95,600
| +2,173% | +$11.1M |
|
|
GOL
1135
DELISTED
Gol Linhas Aéreas Inteligentes S.A. American Depositary Shares (Each representing Ten Preferred Shares)
GOL
| $13.1M | 0.02% |
727,361
-539,648
| -43% | -$9.18M |
|
|
CXP
1136
DELISTED
COLUMBIA PROPERTY TRUST, INC.
CXP
| $13.1M | 0.02% |
628,417
+85,040
| +16% | +$1.74M |
|
|
FIT
1137
PUT
DELISTED
Fitbit, Inc. Class A common stock
FIT
| $13.1M | 0.02% |
2,000,000
+1,793,200
| +867% | +$10.5M |
|
1138
Medifast
MED
$108M
| $13.1M | 0.02% |
119,582
+96,983
| +429% | +$9.39M |
|
1139
Frontdoor
FTDR
$5.22B
| $13.1M | 0.02% |
276,312
-170,031
| -38% | -$7.96M |
|
|
TIF
1140
CALL
DELISTED
Tiffany & Co.
TIF
| $13.1M | 0.02% |
+98,000
| New | +$11.6M |
|
1141
Pacific Biosciences
PACB
$432M
| $13.1M | 0.02% |
2,540,590
+651,690
| +35% | +$3.31M |
|
|
MRSH
1142
Marsh
MRSH
$91.5B
| $13.1M | 0.02% |
117,194
-16,745
| -13% | -$1.75M |
|
1143
Edgewell Personal Care
EPC
$1.3B
| $13.1M | 0.02% |
421,515
+386,174
| +1,093% | +$12.5M |
|
1144
CALL
Charter Communications
CHTR
$16.7B
| $13M | 0.02% |
26,900
-32,800
| -55% | -$15.1M |
|
1145
Philips
PHG
$24.8B
| $13M | 0.02% |
335,316
+182,226
| +119% | +$6.59M |
|
|
PMT
1146
PennyMac Mortgage Investment
PMT
$854M
| $13M | 0.02% |
583,301
-613
| -0.1% | -$13.9K |
|
1147
CALL
Walt Disney
DIS
$172B
| $13M | 0.02% |
89,800
-14,500
| -14% | -$2.02M |
|
1148
PUT
Carnival Corporation Ltd
CCL
$38.7B
| $13M | 0.02% |
+255,500
| New | +$11.4M |
|
1149
Pacira BioSciences
PCRX
$1.06B
| $13M | 0.02% |
286,680
-352,459
| -55% | -$15M |
|
1150
Ares Management
ARES
$28.8B
| $13M | 0.02% |
363,759
-482,633
| -57% | -$15M |
|
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.