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 | |
|---|---|---|---|---|---|---|
1401
ATI
ATI
$25.5B
| $9.49M | 0.01% |
459,545
+399,004
| +659% | +$8.65M |
|
1402
Casey's General Stores
CASY
$31.7B
| $9.49M | 0.01% |
+59,713
| New | +$9.88M |
|
1403
CALL
Texas Instruments
TXN
$253B
| $9.49M | 0.01% |
74,000
+5,800
| +9% | +$716K |
|
1404
CALL
iShares MSCI Brazil ETF
EWZ
$9.13B
| $9.49M | 0.01% |
200,000
-246,500
| -55% | -$10.8M |
|
1405
CALL
Centene
CNC
$31.6B
| $9.49M | 0.01% |
150,900
+100,900
| +202% | +$5.47M |
|
1406
FMC
FMC
$1.37B
| $9.47M | 0.01% |
94,845
-372,921
| -80% | -$34.7M |
|
|
VER
1407
DELISTED
VEREIT, Inc.
VER
| $9.46M | 0.01% |
204,780
-41,178
| -17% | -$1.97M |
|
1408
Urban Edge Properties
UE
$2.92B
| $9.45M | 0.01% |
492,534
+300,305
| +156% | +$6.07M |
|
1409
NorthWestern Energy
NWE
$4.45B
| $9.44M | 0.01% |
131,759
-120,900
| -48% | -$8.71M |
|
|
VRNT
1410
DELISTED
Verint Systems
VRNT
| $9.42M | 0.01% |
334,175
+278,983
| +505% | +$6.8M |
|
1411
CALL
IBM
IBM
$214B
| $9.41M | 0.01% |
73,429
+60,982
| +490% | +$7.93M |
|
|
CVSA
1412
Covista Inc
CVSA
$4.3B
| $9.41M | 0.01% |
268,964
+194,356
| +261% | +$6.69M |
|
1413
UFP Industries
UFPI
$5.14B
| $9.4M | 0.01% |
197,133
+107,610
| +120% | +$5.07M |
|
1414
Mercer International
MERC
$45.6M
| $9.39M | 0.01% |
763,715
+137,193
| +22% | +$1.67M |
|
1415
Intuit
INTU
$85.6B
| $9.39M | 0.01% |
35,838
-141,833
| -80% | -$37.1M |
|
1416
State Street SPDR S&P Biotech ETF
XBI
$10.1B
| $9.38M | 0.01% |
98,673
-145,554
| -60% | -$12.6M |
|
1417
Markel Group
MKL
$25.5B
| $9.38M | 0.01% |
8,205
-2,214
| -21% | -$2.52M |
|
|
XIFR
1418
XPLR Infrastructure LP
XIFR
$1.11B
| $9.38M | 0.01% |
178,056
+99,247
| +126% | +$5.16M |
|
1419
Banner Corp
BANR
$2.4B
| $9.35M | 0.01% |
165,230
+31,656
| +24% | +$1.75M |
|
|
NVTA
1420
DELISTED
Invitae Corporation
NVTA
| $9.34M | 0.01% |
+579,094
| New | +$10.2M |
|
1421
Principal Financial Group
PFG
$24.6B
| $9.34M | 0.01% |
+169,825
| New | +$9.3M |
|
1422
Enpro
NPO
$6.63B
| $9.34M | 0.01% |
139,609
+109,994
| +371% | +$7.31M |
|
|
THOR
1423
DELISTED
Synthorx, Inc. Common Stock
THOR
| $9.34M | 0.01% |
+133,591
| New | +$3.82M |
|
|
FLY
1424
DELISTED
Fly Leasing Limited
FLY
| $9.33M | 0.01% |
476,099
-266,236
| -36% | -$5.31M |
|
|
SGI
1425
Somnigroup International
SGI
$15.2B
| $9.26M | 0.01% |
425,476
+23,652
| +6% | +$495K |
|
Similar funds
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.