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 | |
|---|---|---|---|---|---|---|
1176
Bread Financial
BFH
$4.37B
| $5.99M | 0.01% |
+223,020
| New | +$15.2M |
|
1177
PUT
eHealth
EHTH
$42.2M
| $5.99M | 0.01% |
42,500
-47,500
| -53% | -$5.45M |
|
1178
Gildan
GIL
$10.3B
| $5.98M | 0.01% |
468,654
+329,448
| +237% | +$7.95M |
|
|
JOYY
1179
JOYY Inc
JOYY
$3.71B
| $5.98M | 0.01% |
112,236
+6,072
| +6% | +$352K |
|
|
WRI
1180
DELISTED
Weingarten Realty Investors
WRI
| $5.98M | 0.01% |
414,267
-797,568
| -66% | -$21M |
|
1181
iShares China Large-Cap ETF
FXI
$4.37B
| $5.97M | 0.01% |
158,994
-195,893
| -55% | -$7.97M |
|
|
AVNS
1182
DELISTED
Avanos Medical
AVNS
| $5.96M | 0.01% |
+221,458
| New | +$6.61M |
|
1183
GCM Grosvenor
GCMG
$754M
| $5.96M | 0.01% |
579,553
+459,977
| +385% | +$4.73M |
|
1184
Heron Therapeutics
HRTX
$93.9M
| $5.96M | 0.01% |
507,854
-199,690
| -28% | -$3.75M |
|
1185
CarGurus
CARG
$3.27B
| $5.95M | 0.01% |
314,376
+1,107
| +0.4% | +$31.7K |
|
|
THWWW
1186
CALL
DELISTED
Target Hospitality Corp. Warrant expiring 3/15/2024
THWWW
| $5.95M | 0.01% |
2,990,800
+2,001,600
| +202% | +$1.07M |
|
1187
SL Green Realty
SLG
$3.76B
| $5.95M | 0.01% |
142,581
-328,918
| -70% | -$25.6M |
|
1188
MongoDB
MDB
$27.1B
| $5.95M | 0.01% |
43,550
+1,306
| +3% | +$193K |
|
1189
Alamos Gold
AGI
$11.6B
| $5.93M | 0.01% |
1,185,714
-495,018
| -29% | -$2.91M |
|
1190
Aurinia Pharmaceuticals
AUPH
$1.91B
| $5.92M | 0.01% |
408,096
-1,536,998
| -79% | -$27.1M |
|
1191
CALL
Comcast
CMCSA
$85B
| $5.9M | 0.01% |
171,700
-379,000
| -69% | -$16M |
|
1192
Southwest Airlines
LUV
$22B
| $5.89M | 0.01% |
165,515
+19,659
| +13% | +$974K |
|
1193
CubeSmart
CUBE
$9.39B
| $5.89M | 0.01% |
219,894
+207,722
| +1,707% | +$6.24M |
|
1194
Greif
GEF
$4.92B
| $5.88M | 0.01% |
189,052
+177,868
| +1,590% | +$6.74M |
|
|
SWCH
1195
DELISTED
Switch, Inc. Class A Common Stock
SWCH
| $5.85M | 0.01% |
405,679
-451,322
| -53% | -$6.86M |
|
1196
Yelp
YELP
$1.45B
| $5.84M | 0.01% |
324,203
-207,521
| -39% | -$6.31M |
|
1197
InMode
INMD
$870M
| $5.84M | 0.01% |
543,628
+533,336
| +5,182% | +$9.43M |
|
1198
New Jersey Resources
NJR
$5.84B
| $5.84M | 0.01% |
172,028
+109,426
| +175% | +$4.27M |
|
1199
Freshpet
FRPT
$2.93B
| $5.82M | 0.01% |
91,097
+82,358
| +942% | +$5.29M |
|
1200
Qualys
QLYS
$5.1B
| $5.82M | 0.01% |
66,860
-250,662
| -79% | -$21M |
|
Similar funds
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.