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 | |
|---|---|---|---|---|---|---|
1151
United Bankshares
UBSI
$6.63B
| $6.21M | 0.01% |
269,075
-232,080
| -46% | -$7.29M |
|
1152
Cartesian Therapeutics
RNAC
$229M
| $6.21M | 0.01% |
85,835
+39,392
| +85% | +$3.8M |
|
1153
ManpowerGroup
MAN
$2.44B
| $6.2M | 0.01% |
117,032
+96,266
| +464% | +$8.02M |
|
1154
PUT
Kroger
KR
$35.4B
| $6.19M | 0.01% |
205,500
+134,300
| +189% | +$3.94M |
|
1155
Four Corners Property Trust
FCPT
$2.81B
| $6.19M | 0.01% |
330,777
-183,564
| -36% | -$4.96M |
|
1156
Hancock Whitney
HWC
$6.2B
| $6.16M | 0.01% |
315,383
+202,193
| +179% | +$6.98M |
|
|
ONC
1157
CALL
BeOne Medicines Ltd
ONC
$32.8B
| $6.16M | 0.01% |
+50,000
| New | +$7.82M |
|
|
THBRW
1158
CALL
DELISTED
Thunder Bridge Acquisition II, Ltd. Warrants
THBRW
| $6.16M | 0.01% |
+625,000
| New | +$705K |
|
1159
SPX Corp
SPXC
$11B
| $6.13M | 0.01% |
187,742
+61,305
| +48% | +$2.76M |
|
1160
The Greenbrier Companies
GBX
$1.52B
| $6.11M | 0.01% |
+344,670
| New | +$8.18M |
|
1161
Urban Outfitters
URBN
$6.35B
| $6.11M | 0.01% |
429,096
-561,207
| -57% | -$13M |
|
|
BBBY
1162
DELISTED
Bed Bath & Beyond Inc
BBBY
| $6.11M | 0.01% |
1,450,709
+1,353,194
| +1,388% | +$15.8M |
|
1163
Boeing
BA
$171B
| $6.09M | 0.01% |
40,870
-134,801
| -77% | -$36.9M |
|
|
BRSL
1164
Brightstar Lottery PLC
BRSL
$1.84B
| $6.09M | 0.01% |
1,023,301
+726,839
| +245% | +$8.28M |
|
|
DOC
1165
DELISTED
PHYSICIANS REALTY TRUST
DOC
| $6.09M | 0.01% |
436,621
-863,686
| -66% | -$15.9M |
|
1166
Lithia Motors
LAD
$8.47B
| $6.08M | 0.01% |
74,336
-20,831
| -22% | -$2.51M |
|
1167
Planet Fitness
PLNT
$4.42B
| $6.06M | 0.01% |
124,378
-247,944
| -67% | -$17.3M |
|
|
WWE
1168
CALL
DELISTED
World Wrestling Entertainment
WWE
| $6.05M | 0.01% |
+178,300
| New | +$8.64M |
|
|
AVLR
1169
DELISTED
Avalara, Inc.
AVLR
| $6.05M | 0.01% |
81,053
-99,565
| -55% | -$8.12M |
|
|
ATVI
1170
CALL
DELISTED
Activision Blizzard
ATVI
| $6.04M | 0.01% |
101,600
+53,100
| +109% | +$3.15M |
|
1171
Blackbaud
BLKB
$1.94B
| $6.04M | 0.01% |
108,642
+103,298
| +1,933% | +$7.31M |
|
|
COR
1172
DELISTED
Coresite Realty Corporation
COR
| $6.01M | 0.01% |
51,868
-121,117
| -70% | -$13.5M |
|
|
MPT
1173
Medical Properties Trust
MPT
$2.77B
| $6.01M | 0.01% |
347,677
-189,163
| -35% | -$3.96M |
|
1174
Spruce Power Holding Corp
SPRU
$35.8M
| $6.01M | 0.01% |
75,806
+72,999
| +2,601% | +$5.81M |
|
1175
Sempra
SRE
$57.9B
| $5.99M | 0.01% |
106,022
+33,106
| +45% | +$2.35M |
|
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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.