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 | |
|---|---|---|---|---|---|---|
1451
CALL
eBay
EBAY
$52.1B
| $8.93M | 0.01% |
+247,200
| New | +$8.96M |
|
1452
Vanguard Mortgage-Backed Securities ETF
VMBS
$15.5B
| $8.92M | 0.01% |
167,844
+146,255
| +677% | +$7.78M |
|
1453
Interactive Brokers
IBKR
$40.5B
| $8.92M | 0.01% |
765,204
-103,848
| -12% | -$1.22M |
|
|
ITCI
1454
DELISTED
Intra-Cellular Therapies Inc.
ITCI
| $8.92M | 0.01% |
259,854
-977,114
| -79% | -$11.7M |
|
1455
Ironwood Pharmaceuticals
IRWD
$626M
| $8.9M | 0.01% |
668,917
-362,381
| -35% | -$4M |
|
1456
iShares TIPS Bond ETF
TIP
$14.5B
| $8.89M | 0.01% |
76,306
+53,996
| +242% | +$6.28M |
|
|
PTR
1457
DELISTED
PETROCHINA COMPANY LIMITED ADS (REP 100 H SHARES)
PTR
| $8.89M | 0.01% |
176,647
+35,180
| +25% | +$1.73M |
|
1458
CALL
Honeywell
HON
$78.3B
| $8.88M | 0.01% |
106,312
-1,592
| -1% | -$260K |
|
|
ABMD
1459
CALL
DELISTED
Abiomed Inc
ABMD
| $8.87M | 0.01% |
52,000
-62,100
| -54% | -$11.5M |
|
1460
CALL
Xerox
XRX
$360M
| $8.85M | 0.01% |
+240,000
| New | +$8.39M |
|
1461
PUT
United Rentals
URI
$67.9B
| $8.84M | 0.01% |
53,000
+5,500
| +12% | +$799K |
|
1462
TC Energy
TRP
$70.5B
| $8.83M | 0.01% |
165,614
-230,828
| -58% | -$11.8M |
|
1463
Huntington Ingalls Industries
HII
$11.8B
| $8.83M | 0.01% |
35,180
-57,065
| -62% | -$13.5M |
|
1464
Nice
NICE
$5.94B
| $8.82M | 0.01% |
56,843
-103,621
| -65% | -$15.8M |
|
1465
Antero Resources
AR
$10.5B
| $8.81M | 0.01% |
3,092,714
-2,792,488
| -47% | -$7.13M |
|
1466
CALL
United Therapeutics
UTHR
$26.1B
| $8.81M | 0.01% |
100,000
-50,000
| -33% | -$4.4M |
|
|
CYBR
1467
DELISTED
CyberArk
CYBR
| $8.81M | 0.01% |
75,539
-67,808
| -47% | -$7.61M |
|
|
MIME
1468
DELISTED
Mimecast Limited
MIME
| $8.81M | 0.01% |
202,987
-373,169
| -65% | -$15.5M |
|
|
NATI
1469
DELISTED
National Instruments Corp
NATI
| $8.8M | 0.01% |
207,877
+6,437
| +3% | +$269K |
|
|
SFIX
1470
Stitch Fix
SFIX
$563M
| $8.78M | 0.01% |
342,179
+324,653
| +1,852% | +$7.54M |
|
1471
PUT
ExxonMobil
XOM
$634B
| $8.76M | 0.01% |
125,600
+400
| +0.3% | +$27.7K |
|
|
EQC
1472
DELISTED
Equity Commonwealth
EQC
| $8.74M | 0.01% |
266,278
+36,463
| +16% | +$1.17M |
|
1473
CALL
Incyte
INCY
$26B
| $8.73M | 0.01% |
+100,000
| New | +$8.54M |
|
1474
Perdoceo Education
PRDO
$2.06B
| $8.72M | 0.01% |
474,299
-550,297
| -54% | -$8.95M |
|
1475
Walmart Inc
WMT
$900B
| $8.69M | 0.01% |
219,411
-861,075
| -80% | -$34.2M |
|
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.