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 | |
|---|---|---|---|---|---|---|
1276
Douglas Dynamics
PLOW
$1.02B
| $5.33M | 0.01% |
149,973
+22,569
| +18% | +$1.06M |
|
1277
First Horizon
FHN
$12.2B
| $5.32M | 0.01% |
660,189
-2,218,442
| -77% | -$30.8M |
|
1278
NNN REIT
NNN
$9.04B
| $5.3M | 0.01% |
164,767
-934,641
| -85% | -$46.9M |
|
1279
Crocs
CROX
$6.14B
| $5.3M | 0.01% |
311,704
+306,102
| +5,464% | +$9.75M |
|
1280
CALL
Tyson Foods
TSN
$20.4B
| $5.29M | 0.01% |
+91,400
| New | +$6.83M |
|
1281
PUT
VanEck Semiconductor ETF
SMH
$65.2B
| $5.27M | 0.01% |
+90,000
| New | +$6.07M |
|
1282
Pilgrim's Pride
PPC
$6.51B
| $5.26M | 0.01% |
290,333
-932,990
| -76% | -$22.8M |
|
1283
Trip.com Group
TCOM
$29.6B
| $5.25M | 0.01% |
223,910
-356,299
| -61% | -$11.1M |
|
|
MXIM
1284
DELISTED
Maxim Integrated Products
MXIM
| $5.23M | 0.01% |
107,578
-480,701
| -82% | -$27.6M |
|
1285
Rush Enterprises Class A
RUSHA
$6.2B
| $5.21M | 0.01% |
367,407
-303,786
| -45% | -$5.48M |
|
|
DEACW
1286
CALL
DELISTED
Diamond Eagle Acquisition Corp. Warrant
DEACW
| $5.2M | 0.01% |
+421,666
| New | +$1.78M |
|
1287
Ingevity
NGVT
$2.51B
| $5.2M | 0.01% |
147,786
-71,376
| -33% | -$4.17M |
|
1288
Golub Capital BDC
GBDC
$3.34B
| $5.19M | 0.01% |
422,035
-429,493
| -50% | -$7.03M |
|
1289
Assured Guaranty
AGO
$3.66B
| $5.18M | 0.01% |
201,001
+124,452
| +163% | +$5.15M |
|
1290
iShares MSCI Mexico ETF
EWW
$1.92B
| $5.17M | 0.01% |
182,484
+169,624
| +1,319% | +$7.07M |
|
1291
Heartland Express
HTLD
$948M
| $5.17M | 0.01% |
+278,386
| New | +$5.29M |
|
1292
Delek US
DK
$4.16B
| $5.17M | 0.01% |
327,894
+316,079
| +2,675% | +$7.5M |
|
1293
Ollie's Bargain Outlet
OLLI
$4.44B
| $5.17M | 0.01% |
111,480
-343,830
| -76% | -$17.6M |
|
|
TEN
1294
Tsakos Energy Navigation Ltd
TEN
$1.21B
| $5.15M | 0.01% |
315,987
+174,207
| +123% | +$2.67M |
|
1295
WIX.com
WIX
$2.3B
| $5.15M | 0.01% |
51,038
-32,232
| -39% | -$4.21M |
|
1296
Crown Holdings
CCK
$12.8B
| $5.14M | 0.01% |
88,614
-896,889
| -91% | -$62.4M |
|
1297
WisdomTree
WT
$2.96B
| $5.14M | 0.01% |
2,207,369
-1,039,137
| -32% | -$4.02M |
|
1298
NIO
NIO
$12.2B
| $5.14M | 0.01% |
1,849,665
+1,523,486
| +467% | +$5.67M |
|
|
VCRA
1299
DELISTED
VOCERA COMMUNICATIONS, INC.
VCRA
| $5.13M | 0.01% |
241,393
-118,227
| -33% | -$2.69M |
|
1300
Targa Resources
TRGP
$58B
| $5.13M | 0.01% |
741,880
-411,467
| -36% | -$12.2M |
|
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.