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 | |
|---|---|---|---|---|---|---|
|
LSEA
1226
DELISTED
Landsea Homes
LSEA
| $5.64M | 0.01% |
544,748
+269,748
| +98% | +$2.79M |
|
1227
Corning
GLW
$119B
| $5.63M | 0.01% |
274,257
+164,521
| +150% | +$4.29M |
|
1228
Sunrun
RUN
$2.34B
| $5.63M | 0.01% |
557,600
+479,571
| +615% | +$7.87M |
|
1229
Sonoco
SON
$5.57B
| $5.63M | 0.01% |
121,497
+70,523
| +138% | +$3.76M |
|
1230
CALL
eBay
EBAY
$50.6B
| $5.62M | 0.01% |
186,900
-60,300
| -24% | -$2.1M |
|
|
CLR
1231
DELISTED
CONTINENTAL RESOURCES INC.
CLR
| $5.61M | 0.01% |
734,780
-1,640,276
| -69% | -$36.6M |
|
1232
Antero Midstream
AM
$10.4B
| $5.6M | 0.01% |
2,668,418
+2,634,780
| +7,833% | +$12.6M |
|
1233
Automatic Data Processing
ADP
$106B
| $5.6M | 0.01% |
40,949
-188,732
| -82% | -$30.4M |
|
1234
DXC Technology
DXC
$1.82B
| $5.6M | 0.01% |
428,785
-453,051
| -51% | -$12M |
|
1235
PUT
United Airlines
UAL
$39.4B
| $5.58M | 0.01% |
176,900
-775,000
| -81% | -$51.2M |
|
|
SPLK
1236
DELISTED
Splunk Inc
SPLK
| $5.58M | 0.01% |
44,202
-75,838
| -63% | -$11.2M |
|
1237
iShares Core US Aggregate Bond ETF
AGG
$137B
| $5.56M | 0.01% |
48,227
-134,774
| -74% | -$15.4M |
|
|
NVO
1238
Novo Nordisk
NVO
$208B
| $5.56M | 0.01% |
184,714
-1,523,972
| -89% | -$45.4M |
|
1239
Nordic American Tanker
NAT
$1.38B
| $5.55M | 0.01% |
1,226,353
-200,140
| -14% | -$722K |
|
|
SHLL.WS
1240
CALL
DELISTED
Tortoise Acquisition Corp. Warrants, each whole warrant exercisable for one share of Class A common
SHLL.WS
| $5.55M | 0.01% |
565,010
+65,010
| +13% | +$29.5K |
|
1241
Emcor
EME
$35.2B
| $5.55M | 0.01% |
90,553
+74,934
| +480% | +$5.78M |
|
|
KPLTW
1242
CALL
DELISTED
Katapult Holdings Warrant
KPLTW
| $5.54M | 0.01% |
+575,000
| New | +$571K |
|
1243
International Flavors & Fragrances
IFF
$20.2B
| $5.53M | 0.01% |
54,210
-481,004
| -90% | -$59.9M |
|
1244
Zymeworks
ZYME
$1.61B
| $5.53M | 0.01% |
155,901
-290,661
| -65% | -$11.9M |
|
1245
PennyMac Financial
PFSI
$3.92B
| $5.53M | 0.01% |
250,068
+127,878
| +105% | +$4.12M |
|
1246
PUT
Norfolk Southern
NSC
$75.4B
| $5.52M | 0.01% |
37,800
+13,300
| +54% | +$2.46M |
|
1247
Under Armour Class C
UA
$2.77B
| $5.51M | 0.01% |
683,630
+549,811
| +411% | +$7.89M |
|
1248
WaFd
WAFD
$2.72B
| $5.51M | 0.01% |
212,121
+120,791
| +132% | +$3.86M |
|
|
SRDX
1249
DELISTED
Surmodics
SRDX
| $5.5M | 0.01% |
165,146
+40,882
| +33% | +$1.48M |
|
|
EBIX
1250
DELISTED
Ebix Inc
EBIX
| $5.5M | 0.01% |
362,061
-18,040
| -5% | -$514K |
|
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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.