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 | |
|---|---|---|---|---|---|---|
1251
iPath Series B S&P 500 VIX Short-Term Futures ETN
VXX
$159M
| $11.5M | 0.01% |
11,859
-7,357
| -38% | -$8.9M |
|
1252
PUT
HF Sinclair
DINO
$16.1B
| $11.5M | 0.01% |
+225,900
| New | +$12M |
|
1253
Conduent
CNDT
$251M
| $11.4M | 0.01% |
1,844,691
+1,296,292
| +236% | +$8.11M |
|
1254
PUT
JD.com
JD
$42.9B
| $11.4M | 0.01% |
324,500
-512,800
| -61% | -$16.5M |
|
1255
Patterson-UTI
PTEN
$3.48B
| $11.4M | 0.01% |
1,088,363
-1,621,471
| -60% | -$14.7M |
|
|
GOOS
1256
Canada Goose Holdings
GOOS
$903M
| $11.4M | 0.01% |
315,228
+299,484
| +1,902% | +$11.6M |
|
1257
LivePerson
LPSN
$22.9M
| $11.4M | 0.01% |
20,545
+7,403
| +56% | +$4.25M |
|
1258
Lattice Semiconductor
LSCC
$16.4B
| $11.4M | 0.01% |
595,639
+478,839
| +410% | +$9.19M |
|
1259
ProPetro Holding
PUMP
$1.31B
| $11.4M | 0.01% |
1,012,841
-356,038
| -26% | -$3.18M |
|
|
CERN
1260
CALL
DELISTED
Cerner Corp
CERN
| $11.4M | 0.01% |
155,000
+83,900
| +118% | +$5.8M |
|
1261
Digital Realty Trust
DLR
$71.5B
| $11.4M | 0.01% |
+94,844
| New | +$11.7M |
|
|
BRFS
1262
DELISTED
BRF SA
BRFS
| $11.3M | 0.01% |
1,303,517
+930,185
| +249% | +$8.02M |
|
|
GCP
1263
DELISTED
GCP Applied Technologies Inc.
GCP
| $11.3M | 0.01% |
499,357
+247,870
| +99% | +$5.34M |
|
1264
RPM International
RPM
$14.3B
| $11.3M | 0.01% |
147,677
-582,983
| -80% | -$42.3M |
|
|
MPT
1265
Medical Properties Trust
MPT
$2.89B
| $11.3M | 0.01% |
+536,840
| New | +$10.9M |
|
1266
NetApp
NTAP
$34.2B
| $11.3M | 0.01% |
181,975
-418,736
| -70% | -$24.4M |
|
|
BDN
1267
Brandywine Realty Trust
BDN
$521M
| $11.3M | 0.01% |
719,188
-594,829
| -45% | -$8.99M |
|
1268
Terreno Realty
TRNO
$7.72B
| $11.3M | 0.01% |
209,219
-154,276
| -42% | -$8.43M |
|
1269
Hercules Capital
HTGC
$3.04B
| $11.3M | 0.01% |
804,712
+299,971
| +59% | +$4.17M |
|
|
ALE
1270
DELISTED
Allete
ALE
| $11.3M | 0.01% |
138,950
-79,855
| -36% | -$6.61M |
|
1271
PNC Financial Services
PNC
$100B
| $11.3M | 0.01% |
70,615
+28,660
| +68% | +$4.3M |
|
1272
CALL
State Street Communication Services Select Sector SPDR ETF
XLC
$22.6B
| $11.3M | 0.01% |
210,000
| – | – |
|
1273
Advance Auto Parts
AAP
$3.54B
| $11.2M | 0.01% |
+70,236
| New | +$11.3M |
|
1274
Etsy
ETSY
$8.21B
| $11.2M | 0.01% |
253,883
+150,078
| +145% | +$7.15M |
|
1275
TIM SA
TIMB
$9.45B
| $11.2M | 0.01% |
588,444
+249,636
| +74% | +$3.93M |
|
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.