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 | |
|---|---|---|---|---|---|---|
1201
Cushman & Wakefield Ltd
CWK
$3.2B
| $12.2M | 0.02% |
598,426
+465,324
| +350% | +$8.76M |
|
1202
AptarGroup
ATR
$8.8B
| $12.2M | 0.02% |
105,640
+13,603
| +15% | +$1.55M |
|
1203
Northwest Natural Holdings
NWN
$2.18B
| $12.2M | 0.02% |
165,588
+150,051
| +966% | +$10.4M |
|
|
YMAB
1204
DELISTED
Y-mAbs Therapeutics
YMAB
| $12.2M | 0.02% |
389,295
+204,489
| +111% | +$6.05M |
|
1205
Knight Transportation
KNX
$11.4B
| $12.1M | 0.02% |
338,205
-24,301
| -7% | -$893K |
|
|
KREF
1206
KKR Real Estate Finance Trust
KREF
$471M
| $12.1M | 0.02% |
590,966
+253,313
| +75% | +$5.06M |
|
|
XLNX
1207
PUT
DELISTED
Xilinx Inc
XLNX
| $12.1M | 0.02% |
+123,300
| New | +$11.6M |
|
1208
PUT
Colgate-Palmolive
CL
$74.2B
| $12.1M | 0.02% |
+175,100
| New | +$11.9M |
|
1209
FS KKR Capital
FSK
$3.08B
| $12M | 0.02% |
490,998
-11,896
| -2% | -$284K |
|
|
RUTH
1210
DELISTED
Ruth's Hospitality Group, Inc.
RUTH
| $12M | 0.02% |
552,811
+81,834
| +17% | +$1.8M |
|
1211
HubSpot
HUBS
$12.2B
| $12M | 0.02% |
75,896
-133,314
| -64% | -$20.4M |
|
1212
American Financial Group
AFG
$12B
| $12M | 0.02% |
109,603
-57,368
| -34% | -$6.14M |
|
|
ITCI
1213
PUT
DELISTED
Intra-Cellular Therapies Inc.
ITCI
| $12M | 0.02% |
+350,000
| New | +$4.2M |
|
|
CUK
1214
DELISTED
Carnival PLC
CUK
| $12M | 0.02% |
249,315
-67,751
| -21% | -$2.86M |
|
1215
Agnico Eagle Mines
AEM
$71.9B
| $12M | 0.02% |
194,620
+36,509
| +23% | +$2.12M |
|
1216
Vanguard Total Bond Market
BND
$158B
| $12M | 0.02% |
142,992
-23,636
| -14% | -$1.99M |
|
1217
Exelixis
EXEL
$14.2B
| $12M | 0.02% |
680,548
+166,229
| +32% | +$2.82M |
|
1218
Workiva
WK
$3.28B
| $12M | 0.02% |
284,915
+227,345
| +395% | +$9.58M |
|
1219
T. Rowe Price
TROW
$26.1B
| $12M | 0.02% |
98,323
-6,858
| -7% | -$810K |
|
1220
Gartner
IT
$10.4B
| $12M | 0.02% |
+77,722
| New | +$11.9M |
|
1221
Alerian MLP ETF
AMLP
$12.9B
| $12M | 0.02% |
+281,761
| New | +$11.8M |
|
|
SCS
1222
DELISTED
Steelcase
SCS
| $12M | 0.02% |
585,133
+11,335
| +2% | +$210K |
|
1223
Installed Building Products
IBP
$6.47B
| $12M | 0.02% |
173,728
+72,977
| +72% | +$4.92M |
|
|
ATNX
1224
DELISTED
Athenex, Inc. Common Stock
ATNX
| $12M | 0.02% |
39,179
-13,588
| -26% | -$3.59M |
|
|
TGE
1225
DELISTED
Tallgrass Energy, LP Class A Shares
TGE
| $11.9M | 0.01% |
+539,463
| New | +$10.3M |
|
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.