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 | |
|---|---|---|---|---|---|---|
1426
Chesapeake Utilities
CPK
$3.31B
| $9.24M | 0.01% |
96,376
-39,858
| -29% | -$3.7M |
|
1427
Rapid7
RPD
$642M
| $9.23M | 0.01% |
164,770
+84,191
| +104% | +$4.38M |
|
|
CTRA
1428
DELISTED
Coterra Energy
CTRA
| $9.22M | 0.01% |
529,603
-664,461
| -56% | -$11.5M |
|
1429
Cheer Holding
CHR
$3.56M
| $9.22M | 0.01% |
600
+433
| +259% | +$6.53M |
|
|
MDRX
1430
DELISTED
Veradigm Inc. Common Stock
MDRX
| $9.2M | 0.01% |
937,502
+258,399
| +38% | +$2.72M |
|
|
MIK
1431
DELISTED
Michaels Stores, Inc
MIK
| $9.18M | 0.01% |
1,134,373
+999,654
| +742% | +$8.4M |
|
1432
Archrock
AROC
$6.19B
| $9.16M | 0.01% |
912,657
+709,738
| +350% | +$6.62M |
|
1433
iShares Preferred and Income Securities ETF
PFF
$13.2B
| $9.16M | 0.01% |
243,572
+47,724
| +24% | +$1.78M |
|
|
RCM
1434
DELISTED
R1 RCM Inc. Common Stock
RCM
| $9.14M | 0.01% |
704,232
-268,738
| -28% | -$3.07M |
|
|
SGEN
1435
CALL
DELISTED
Seagen Inc. Common Stock
SGEN
| $9.14M | 0.01% |
+80,000
| New | +$8.48M |
|
1436
Erie Indemnity
ERIE
$12.7B
| $9.14M | 0.01% |
55,052
+38,672
| +236% | +$6.83M |
|
|
I
1437
CALL
DELISTED
INTELSAT S. A.
I
| $9.14M | 0.01% |
1,300,000
+1,000,000
| +333% | +$15.7M |
|
1438
Stoke Therapeutics
STOK
$1.83B
| $9.13M | 0.01% |
322,381
-375,430
| -54% | -$9.44M |
|
1439
Broadridge
BR
$18.3B
| $9.11M | 0.01% |
73,707
+57,655
| +359% | +$7.05M |
|
|
AGS
1440
DELISTED
PlayAGS
AGS
| $9.09M | 0.01% |
749,109
+332,073
| +80% | +$3.79M |
|
1441
IAMGOLD
IAG
$8.24B
| $9.08M | 0.01% |
2,433,981
+229,772
| +10% | +$813K |
|
|
BPFH
1442
DELISTED
Boston Private Financial Holdings, Inc.
BPFH
| $9.07M | 0.01% |
754,327
-41,913
| -5% | -$486K |
|
1443
PUT
Boston Scientific
BSX
$68.5B
| $9.05M | 0.01% |
200,100
-32,300
| -14% | -$1.35M |
|
1444
JB Hunt Transport Services
JBHT
$26.1B
| $9.03M | 0.01% |
77,311
+19,895
| +35% | +$2.29M |
|
|
PAYA
1445
DELISTED
Paya Holdings Inc. Class A Common Stock
PAYA
| $9.01M | 0.01% |
890,018
+690,018
| +345% | +$6.94M |
|
1446
Duluth Holdings
DLTH
$163M
| $8.98M | 0.01% |
853,044
+309,023
| +57% | +$2.88M |
|
|
ARQL
1447
CALL
DELISTED
Arqule Inc
ARQL
| $8.98M | 0.01% |
450,000
-50,000
| -10% | -$580K |
|
|
MBT
1448
DELISTED
Mobile TeleSystems Public Joint Stock Company American Depositary Shares (Each representing 2 Shares
MBT
| $8.97M | 0.01% |
884,260
-2,287,826
| -72% | -$20.9M |
|
1449
Rayonier
RYN
$6.64B
| $8.95M | 0.01% |
301,179
+261,532
| +660% | +$7.12M |
|
|
AUTL
1450
Autolus Therapeutics
AUTL
$386M
| $8.93M | 0.01% |
676,481
-719,661
| -52% | -$9.42M |
|
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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.