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 | |
|---|---|---|---|---|---|---|
|
EFC
1251
Ellington Financial
EFC
$1.67B
| $5.49M | 0.01% |
961,691
+535,553
| +126% | +$8.34M |
|
1252
Bloom Energy
BE
$60.6B
| $5.49M | 0.01% |
1,049,538
+480,458
| +84% | +$4.07M |
|
1253
CALL
United States Oil Fund
USO
$2.15B
| $5.47M | 0.01% |
162,500
+100,000
| +160% | +$7.7M |
|
1254
Huazhu Hotels Group
HTHT
$13.1B
| $5.47M | 0.01% |
190,237
+128,581
| +209% | +$4.37M |
|
|
STL
1255
DELISTED
Sterling Bancorp
STL
| $5.46M | 0.01% |
522,978
+160,254
| +44% | +$2.76M |
|
1256
National Fuel Gas
NFG
$7.82B
| $5.46M | 0.01% |
146,364
+23,449
| +19% | +$961K |
|
|
LACQ
1257
DELISTED
Leisure Acquisition Corp.
LACQ
| $5.46M | 0.01% |
500,000
| – | – |
|
1258
Kimco Realty
KIM
$17.2B
| $5.44M | 0.01% |
+562,473
| New | +$9.66M |
|
1259
BorgWarner
BWA
$13.1B
| $5.43M | 0.01% |
+253,183
| New | +$7.32M |
|
1260
CTS Corp
CTS
$1.83B
| $5.42M | 0.01% |
217,939
+85,427
| +64% | +$2.32M |
|
1261
nVent Electric
NVT
$24.9B
| $5.42M | 0.01% |
321,374
-1,617,398
| -83% | -$37.7M |
|
1262
H.B. Fuller
FUL
$2.97B
| $5.41M | 0.01% |
+193,542
| New | +$8.13M |
|
1263
Virtus Investment Partners
VRTS
$1.06B
| $5.4M | 0.01% |
70,958
-17,537
| -20% | -$1.98M |
|
1264
Cogent Communications
CCOI
$676M
| $5.4M | 0.01% |
65,873
+57,667
| +703% | +$4.36M |
|
1265
Mattel
MAT
$4.38B
| $5.4M | 0.01% |
612,665
+394,836
| +181% | +$4.84M |
|
1266
Tenaris
TS
$28.9B
| $5.39M | 0.01% |
447,172
-1,505,240
| -77% | -$27.7M |
|
1267
Commault Systems
CVLT
$4.88B
| $5.39M | 0.01% |
133,082
-96,519
| -42% | -$4.17M |
|
1268
Brighthouse Financial
BHF
$3.56B
| $5.37M | 0.01% |
222,360
-300,806
| -57% | -$10.6M |
|
|
MFAC.WS
1269
CALL
DELISTED
Megalith Financial Acquisition Corp. Warrants, each warrant exercisable for one share of Class A Com
MFAC.WS
| $5.36M | 0.01% |
+521,156
| New | +$203K |
|
1270
PUT
Public Storage
PSA
$60.5B
| $5.36M | 0.01% |
+27,000
| New | +$5.78M |
|
|
VNET
1271
VNET Group
VNET
$2.04B
| $5.36M | 0.01% |
386,357
-243,429
| -39% | -$2.99M |
|
1272
Central Pacific Financial
CPF
$1.02B
| $5.35M | 0.01% |
336,715
-164,700
| -33% | -$4.05M |
|
1273
Golar LNG
GLNG
$5B
| $5.35M | 0.01% |
678,959
-448,361
| -40% | -$4.92M |
|
|
PRVB
1274
DELISTED
Provention Bio, Inc. Common Stock
PRVB
| $5.33M | 0.01% |
579,866
+542,553
| +1,454% | +$6.99M |
|
1275
First Bancorp
FBNC
$2.6B
| $5.33M | 0.01% |
230,956
-197,825
| -46% | -$6.46M |
|
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.