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 | |
|---|---|---|---|---|---|---|
1276
CALL
CSX Corp
CSX
$94.2B
| $11.2M | 0.01% |
465,300
+81,600
| +21% | +$1.93M |
|
1277
PUT
Truist Financial
TFC
$64.7B
| $11.2M | 0.01% |
+250,800
| New | +$13.6M |
|
1278
Ecopetrol
EC
$32.5B
| $11.1M | 0.01% |
558,459
+522,881
| +1,470% | +$9.64M |
|
|
CTXS
1279
DELISTED
Citrix Systems Inc
CTXS
| $11.1M | 0.01% |
100,408
-21,115
| -17% | -$2.27M |
|
|
BBT
1280
Beacon Financial Corp
BBT
$2.51B
| $11.1M | 0.01% |
338,617
-117,315
| -26% | -$3.68M |
|
1281
PUT
Skyworks Solutions
SWKS
$9.73B
| $11.1M | 0.01% |
92,100
+23,600
| +34% | +$2.32M |
|
1282
Essent Group
ESNT
$6.21B
| $11.1M | 0.01% |
213,745
-143,022
| -40% | -$7.46M |
|
|
TPC
1283
Tutor Perini Cor
TPC
$4.31B
| $11.1M | 0.01% |
862,435
+851,217
| +7,588% | +$13.1M |
|
|
ABMD
1284
PUT
DELISTED
Abiomed Inc
ABMD
| $11.1M | 0.01% |
65,000
+62,000
| +2,067% | +$11.5M |
|
|
TWTR
1285
PUT
DELISTED
Twitter, Inc.
TWTR
| $11.1M | 0.01% |
+345,800
| New | +$11.4M |
|
|
DLPH
1286
DELISTED
Delphi Technologies PLC Ordinary Shares
DLPH
| $11.1M | 0.01% |
862,526
-961,425
| -53% | -$12.4M |
|
|
FRC
1287
DELISTED
First Republic Bank
FRC
| $11M | 0.01% |
+93,912
| New | +$10.1M |
|
1288
CarGurus
CARG
$3.28B
| $11M | 0.01% |
313,269
+281,002
| +871% | +$9.93M |
|
1289
Silicon Motion
SIMO
$7.51B
| $11M | 0.01% |
217,280
-48,781
| -18% | -$2.09M |
|
1290
Otter Tail
OTTR
$3.93B
| $11M | 0.01% |
214,797
+97,546
| +83% | +$5.06M |
|
|
SEM
1291
DELISTED
Select Medical
SEM
| $11M | 0.01% |
873,346
+694,693
| +389% | +$7.48M |
|
1292
Arcos Dorados Holdings
ARCO
$1.77B
| $11M | 0.01% |
1,392,348
+839,839
| +152% | +$6.06M |
|
1293
PUT
Baidu
BIDU
$35.7B
| $11M | 0.01% |
86,800
-7,800
| -8% | -$887K |
|
|
HZNP
1294
DELISTED
Horizon Therapeutics Public Limited Company Ordinary Shares
HZNP
| $10.9M | 0.01% |
301,928
-704,337
| -70% | -$21.6M |
|
1295
Telefônica Brasil
VIV
$21B
| $10.9M | 0.01% |
760,568
+86,193
| +13% | +$1.15M |
|
|
BPYU
1296
DELISTED
Brookfield Property REIT Inc. Class A Common Stock
BPYU
| $10.9M | 0.01% |
589,537
-323,652
| -35% | -$6.13M |
|
1297
Companhia Siderúrgica Nacional
SID
$1.46B
| $10.9M | 0.01% |
3,149,522
+3,117,597
| +9,765% | +$9.7M |
|
1298
Powell Industries
POWL
$7.32B
| $10.9M | 0.01% |
665,028
+197,307
| +42% | +$2.77M |
|
|
SNP
1299
DELISTED
CHINA PETROLEUM & CHEMICAL CORPORATION ADS (REP 100 ORDINARY H SHARES)
SNP
| $10.8M | 0.01% |
180,390
+61,341
| +52% | +$3.56M |
|
|
OPTU
1300
Optimum Communications Inc
OPTU
$298M
| $10.8M | 0.01% |
395,882
-806,399
| -67% | -$22.3M |
|
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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.