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 | |
|---|---|---|---|---|---|---|
|
EXAS
1301
DELISTED
Exact Sciences
EXAS
| $5.12M | 0.01% |
88,337
-75,304
| -46% | -$6.11M |
|
|
GFLU
1302
DELISTED
GFL Environmental Inc. Tangible Equity Units
GFLU
| $5.11M | 0.01% |
+118,960
| New | +$5.34M |
|
1303
Kratos Defense & Security Solutions
KTOS
$8.74B
| $5.1M | 0.01% |
368,407
+346,747
| +1,601% | +$5.98M |
|
1304
CALL
Lockheed Martin
LMT
$134B
| $5.08M | 0.01% |
15,000
+5,000
| +50% | +$1.97M |
|
|
GMHIW
1305
CALL
DELISTED
Gores Metropoulos, Inc. Warrant
GMHIW
| $5.08M | 0.01% |
+500,000
| New | +$809K |
|
1306
Lloyds Banking Group
LYG
$89.5B
| $5.07M | 0.01% |
+3,360,479
| New | +$8.66M |
|
|
ARNA
1307
DELISTED
Arena Pharmaceuticals Inc
ARNA
| $5.06M | 0.01% |
120,483
-99,623
| -45% | -$4.57M |
|
|
RMG.U
1308
DELISTED
RMG Acquisition Corp.
RMG.U
| $5.06M | 0.01% |
500,000
| – | – |
|
|
HIMX
1309
Himax Technologies
HIMX
$2.19B
| $5.06M | 0.01% |
+1,845,848
| New | +$6.94M |
|
1310
Analog Devices
ADI
$179B
| $5.03M | 0.01% |
56,151
-137,096
| -71% | -$15M |
|
1311
Ocular Therapeutix
OCUL
$1.79B
| $5.03M | 0.01% |
1,016,076
+979,183
| +2,654% | +$4.83M |
|
1312
Wabtec
WAB
$49.1B
| $5.03M | 0.01% |
104,458
-826,070
| -89% | -$56.7M |
|
1313
DHT Holdings
DHT
$2.99B
| $5.02M | 0.01% |
654,482
-2,064,970
| -76% | -$13.1M |
|
1314
Cal-Maine
CALM
$4.12B
| $5.02M | 0.01% |
+114,115
| New | +$4.32M |
|
|
SFIX
1315
Stitch Fix
SFIX
$536M
| $5.01M | 0.01% |
394,450
+52,271
| +15% | +$1.13M |
|
|
SP
1316
DELISTED
SP Plus Corporation
SP
| $4.97M | 0.01% |
239,428
+86,766
| +57% | +$3.17M |
|
1317
PUT
iShares MSCI Japan ETF
EWJ
$21.9B
| $4.94M | 0.01% |
+100,000
| New | +$5.5M |
|
1318
Tractor Supply
TSCO
$16.1B
| $4.93M | 0.01% |
291,610
-834,815
| -74% | -$15M |
|
1319
Conduent
CNDT
$244M
| $4.93M | 0.01% |
2,010,814
+166,123
| +9% | +$658K |
|
|
DCH
1320
Dauch Corp
DCH
$1.34B
| $4.91M | 0.01% |
1,360,354
+1,059,248
| +352% | +$7.87M |
|
|
NP
1321
DELISTED
Neenah, Inc. Common Stock
NP
| $4.89M | 0.01% |
113,331
+14,688
| +15% | +$870K |
|
|
ASTSW
1322
CALL
DELISTED
AST SpaceMobile, Inc. Warrant
ASTSW
| $4.88M | 0.01% |
+500,000
| New | +$428K |
|
1323
Synchrony
SYF
$24.7B
| $4.88M | 0.01% |
302,978
+185,734
| +158% | +$5.42M |
|
1324
argenx
ARGX
$53.4B
| $4.85M | 0.01% |
36,833
+2,597
| +8% | +$380K |
|
1325
Materion
MTRN
$4.39B
| $4.83M | 0.01% |
138,034
-183,793
| -57% | -$9.11M |
|
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.