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 | |
|---|---|---|---|---|---|---|
|
RSX
1376
DELISTED
VanEck Russia ETF
RSX
| $4.53M | 0.01% |
271,334
+167,068
| +160% | +$3.73M |
|
|
VG
1377
DELISTED
Vonage Holdings Corporation
VG
| $4.52M | 0.01% |
625,182
-3,743,338
| -86% | -$30.5M |
|
1378
TIM SA
TIMB
$9.16B
| $4.51M | 0.01% |
371,078
-217,366
| -37% | -$3.87M |
|
|
S
1379
DELISTED
Sprint Corporation
S
| $4.51M | 0.01% |
523,302
-2,560,172
| -83% | -$18M |
|
1380
Cloudflare
NET
$99B
| $4.51M | 0.01% |
192,000
+174,042
| +969% | +$3.39M |
|
|
WIRE
1381
DELISTED
Encore Wire Corp
WIRE
| $4.51M | 0.01% |
107,360
+7,728
| +8% | +$399K |
|
1382
Vertiv
VRT
$93B
| $4.5M | 0.01% |
520,050
+254,377
| +96% | +$2.81M |
|
|
GDYNW
1383
CALL
DELISTED
Grid Dynamics Holdings, Inc. Warrant
GDYNW
| $4.5M | 0.01% |
+562,133
| New | +$944K |
|
1384
Carriage Services
CSV
$641M
| $4.48M | 0.01% |
277,547
+62,422
| +29% | +$1.35M |
|
|
IRBT
1385
DELISTED
iRobot
IRBT
| $4.48M | 0.01% |
+109,592
| New | +$5.26M |
|
1386
Evercore
EVR
$12.4B
| $4.47M | 0.01% |
97,128
-829,207
| -90% | -$55.5M |
|
1387
Camping World
CWH
$639M
| $4.47M | 0.01% |
784,894
-714,221
| -48% | -$8.97M |
|
|
XLNX
1388
PUT
DELISTED
Xilinx Inc
XLNX
| $4.47M | 0.01% |
57,300
-66,000
| -54% | -$5.75M |
|
1389
Fortune Brands Innovations
FBIN
$5.88B
| $4.46M | 0.01% |
+120,594
| New | +$6.37M |
|
1390
IPG Photonics
IPGP
$3.61B
| $4.44M | 0.01% |
40,292
-13,544
| -25% | -$1.77M |
|
1391
PUT
Verisk Analytics
VRSK
$25.4B
| $4.43M | 0.01% |
+31,800
| New | +$4.98M |
|
|
KDMN
1392
DELISTED
Kadmon Holdings, Inc.
KDMN
| $4.43M | 0.01% |
1,057,830
-4,346,210
| -80% | -$18.7M |
|
1393
Datadog
DDOG
$95.4B
| $4.42M | 0.01% |
122,721
+67,993
| +124% | +$2.8M |
|
1394
Fortuna Silver Mines
FSM
$2.55B
| $4.41M | 0.01% |
1,908,186
+661,060
| +53% | +$2.24M |
|
1395
Amphenol
APH
$198B
| $4.41M | 0.01% |
241,760
-1,385,228
| -85% | -$33M |
|
|
BZUN
1396
Baozun
BZUN
$167M
| $4.41M | 0.01% |
157,663
-15,171
| -9% | -$478K |
|
1397
Hackett Group
HCKT
$270M
| $4.4M | 0.01% |
345,624
+41,892
| +14% | +$629K |
|
1398
First American
FAF
$7.66B
| $4.39M | 0.01% |
103,614
-212,486
| -67% | -$12.1M |
|
|
GWPH
1399
DELISTED
GW Pharmaceuticals Plc American Depositary Shares
GWPH
| $4.39M | 0.01% |
50,165
-146,824
| -75% | -$15.5M |
|
1400
Ameriprise Financial
AMP
$48.3B
| $4.39M | 0.01% |
42,852
+3,691
| +9% | +$547K |
|
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.