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 | |
|---|---|---|---|---|---|---|
|
ALXN
1301
CALL
DELISTED
Alexion Pharmaceuticals
ALXN
| $10.8M | 0.01% |
100,000
-50,000
| -33% | -$5.35M |
|
1302
Gray Television
GTN
$430M
| $10.8M | 0.01% |
+503,922
| New | +$9.36M |
|
|
CRC
1303
DELISTED
California Resources Corporation
CRC
| $10.8M | 0.01% |
1,193,936
+121,945
| +11% | +$988K |
|
1304
PUT
Ziff Davis
ZD
$1.95B
| $10.8M | 0.01% |
+132,250
| New | +$10.9M |
|
1305
Virtus Investment Partners
VRTS
$1.14B
| $10.8M | 0.01% |
88,495
+31,700
| +56% | +$3.54M |
|
1306
Angi Inc
ANGI
$252M
| $10.8M | 0.01% |
126,985
+67,918
| +115% | +$5.07M |
|
|
IPHI
1307
DELISTED
INPHI CORPORATION
IPHI
| $10.7M | 0.01% |
144,948
-316,513
| -69% | -$21.7M |
|
1308
America Movil
AMX
$77.2B
| $10.7M | 0.01% |
669,875
+371,389
| +124% | +$5.81M |
|
|
IBTX
1309
DELISTED
Independent Bank Group, Inc.
IBTX
| $10.7M | 0.01% |
192,761
-234,012
| -55% | -$13M |
|
1310
Innovative Industrial Properties
IIPR
$1.76B
| $10.7M | 0.01% |
140,801
+134,598
| +2,170% | +$10.4M |
|
1311
PUT
Quest Diagnostics
DGX
$26B
| $10.7M | 0.01% |
+100,000
| New | +$10.4M |
|
1312
Monolithic Power Systems
MPWR
$63B
| $10.7M | 0.01% |
59,954
+2,912
| +5% | +$465K |
|
|
NEWR
1313
DELISTED
New Relic, Inc.
NEWR
| $10.7M | 0.01% |
162,216
+153,293
| +1,718% | +$9.96M |
|
1314
Fair Isaac
FICO
$31B
| $10.6M | 0.01% |
28,417
-93,632
| -77% | -$31.5M |
|
|
NVEE
1315
DELISTED
NV5 Global
NVEE
| $10.6M | 0.01% |
843,676
+830,076
| +6,104% | +$12.1M |
|
1316
KRONOS Worldwide
KRO
$712M
| $10.6M | 0.01% |
791,278
+142,071
| +22% | +$1.86M |
|
1317
Universal Display
OLED
$3.85B
| $10.6M | 0.01% |
51,380
-47,332
| -48% | -$8.94M |
|
|
LCAHU
1318
DELISTED
Landcadia Holdings II, Inc. Unit
LCAHU
| $10.6M | 0.01% |
1,044,962
| – | – |
|
1319
MSC Industrial Direct
MSM
$6.97B
| $10.6M | 0.01% |
134,833
+7,231
| +6% | +$534K |
|
|
CRCM
1320
DELISTED
CARE.COM, INC.
CRCM
| $10.6M | 0.01% |
703,748
-334,472
| -32% | -$4.02M |
|
1321
Check Point Software Technologies
CHKP
$14.1B
| $10.6M | 0.01% |
95,290
+89,960
| +1,688% | +$10.1M |
|
1322
VanEck Oil Services ETF
OIH
$1.99B
| $10.6M | 0.01% |
39,895
-6,164
| -13% | -$1.47M |
|
1323
iShares Core S&P 500 ETF
IVV
$871B
| $10.5M | 0.01% |
32,547
+8,495
| +35% | +$2.63M |
|
1324
PUT
US Foods
USFD
$22.3B
| $10.5M | 0.01% |
+250,000
| New | +$10M |
|
|
QTS
1325
DELISTED
QTS REALTY TRUST, INC.
QTS
| $10.5M | 0.01% |
192,792
-152,223
| -44% | -$7.98M |
|
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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.