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 | |
|---|---|---|---|---|---|---|
|
AVPTW
1401
CALL
DELISTED
AvePoint Inc Warrant
AVPTW
| $4.39M | 0.01% |
+449,900
| New | +$522K |
|
1402
Arvinas
ARVN
$518M
| $4.39M | 0.01% |
108,825
-141,791
| -57% | -$6.63M |
|
1403
Intuitive Surgical
ISRG
$127B
| $4.38M | 0.01% |
26,523
-45,246
| -63% | -$8.29M |
|
|
ACRE
1404
Ares Commercial Real Estate
ACRE
$236M
| $4.38M | 0.01% |
625,926
+374,998
| +149% | +$5.31M |
|
1405
Zebra Technologies
ZBRA
$14B
| $4.36M | 0.01% |
23,719
-159,490
| -87% | -$35.8M |
|
1406
Provident Financial Services
PFS
$3.22B
| $4.35M | 0.01% |
338,342
-255,886
| -43% | -$5.2M |
|
1407
Etsy
ETSY
$7.75B
| $4.35M | 0.01% |
113,162
-140,721
| -55% | -$6.87M |
|
1408
Flowserve
FLS
$9.71B
| $4.35M | 0.01% |
182,020
-203,059
| -53% | -$8.2M |
|
1409
Methanex
MEOH
$4.3B
| $4.35M | 0.01% |
357,114
-748,040
| -68% | -$21.5M |
|
1410
CALL
Domino's
DPZ
$11.5B
| $4.34M | 0.01% |
13,400
+12,400
| +1,240% | +$3.83M |
|
|
GMHIU
1411
DELISTED
Gores Metropoulos, Inc. Unit
GMHIU
| $4.34M | 0.01% |
420,000
-1,500,000
| -78% | -$16.7M |
|
|
PAEWW
1412
CALL
DELISTED
PAE Incorporated Warrants
PAEWW
| $4.34M | 0.01% |
+668,466
| New | +$1.41M |
|
|
JHG
1413
DELISTED
Janus Henderson
JHG
| $4.33M | 0.01% |
282,946
-401,503
| -59% | -$8.83M |
|
1414
Spectrum Brands
SPB
$2.04B
| $4.33M | 0.01% |
118,969
-658,953
| -85% | -$35.6M |
|
|
LMNX
1415
DELISTED
Luminex Corp
LMNX
| $4.32M | 0.01% |
156,854
-453,533
| -74% | -$11.1M |
|
1416
Landstar System
LSTR
$5.93B
| $4.32M | 0.01% |
45,037
+8,154
| +22% | +$868K |
|
|
TRHC
1417
DELISTED
Tabula Rasa HealthCare, Inc. Common Stock
TRHC
| $4.3M | 0.01% |
82,329
+44,517
| +118% | +$2.41M |
|
1418
ExxonMobil
XOM
$644B
| $4.3M | 0.01% |
113,354
-281,778
| -71% | -$15.6M |
|
1419
Evertec
EVTC
$1.88B
| $4.3M | 0.01% |
189,260
-108,683
| -36% | -$3.33M |
|
|
GNFT
1420
DELISTED
Genfit
GNFT
| $4.3M | 0.01% |
298,331
+232,640
| +354% | +$3.96M |
|
1421
Houlihan Lokey
HLI
$8.77B
| $4.3M | 0.01% |
+82,418
| New | +$4.27M |
|
|
SGI
1422
Somnigroup International
SGI
$13.7B
| $4.29M | 0.01% |
392,608
-32,868
| -8% | -$624K |
|
|
THBRU
1423
DELISTED
Thunder Bridge Acquisition II, Ltd. Units
THBRU
| $4.28M | 0.01% |
420,000
-1,250,000
| -75% | -$13.1M |
|
1424
Truist Financial
TFC
$63.3B
| $4.28M | 0.01% |
138,613
-481,893
| -78% | -$22.8M |
|
1425
PUT
HCA Healthcare
HCA
$87.2B
| $4.27M | 0.01% |
47,500
+3,800
| +9% | +$492K |
|
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.