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 | |
|---|---|---|---|---|---|---|
1476
CALL
JD.com
JD
$42.9B
| $8.69M | 0.01% |
246,700
-3,300
| -1% | -$106K |
|
|
RETA
1477
PUT
DELISTED
Reata Pharmaceuticals, Inc. Class A Common Stock
RETA
| $8.69M | 0.01% |
42,500
-92,500
| -69% | -$16.9M |
|
1478
Kura Oncology
KURA
$826M
| $8.66M | 0.01% |
+629,727
| New | +$9.33M |
|
|
SIVB
1479
DELISTED
SVB Financial Group
SIVB
| $8.66M | 0.01% |
34,479
-129,333
| -79% | -$29.4M |
|
1480
G-III Apparel Group
GIII
$1.55B
| $8.65M | 0.01% |
258,364
-171,373
| -40% | -$4.85M |
|
1481
PUT
eHealth
EHTH
$43.2M
| $8.65M | 0.01% |
90,000
+60,000
| +200% | +$4.66M |
|
1482
Modine Manufacturing
MOD
$11B
| $8.63M | 0.01% |
1,120,436
+926,830
| +479% | +$8.31M |
|
1483
CALL
Prudential Financial
PRU
$43B
| $8.62M | 0.01% |
91,900
+89,300
| +3,435% | +$8.2M |
|
1484
Silicon Laboratories
SLAB
$7.17B
| $8.62M | 0.01% |
74,280
+59,886
| +416% | +$6.57M |
|
1485
Watts Water Technologies
WTS
$11.6B
| $8.6M | 0.01% |
86,161
-79,798
| -48% | -$7.57M |
|
1486
BrightView Holdings
BV
$1.3B
| $8.59M | 0.01% |
509,158
+235,421
| +86% | +$4.09M |
|
1487
Invesco Senior Loan ETF
BKLN
$6.97B
| $8.56M | 0.01% |
375,344
+244,446
| +187% | +$5.52M |
|
1488
3M
MMM
$94.1B
| $8.56M | 0.01% |
58,012
-419,466
| -88% | -$58.8M |
|
|
NLSN
1489
DELISTED
Nielsen Holdings plc
NLSN
| $8.52M | 0.01% |
419,885
+315,977
| +304% | +$6.42M |
|
1490
PUT
MGM Resorts International
MGM
$11.8B
| $8.52M | 0.01% |
+256,100
| New | +$7.8M |
|
1491
WSFS Financial
WSFS
$4.2B
| $8.51M | 0.01% |
+193,475
| New | +$8.46M |
|
|
CMA
1492
DELISTED
Comerica
CMA
| $8.51M | 0.01% |
118,606
-894,674
| -88% | -$61.4M |
|
1493
PUT
Cencora
COR
$62.2B
| $8.5M | 0.01% |
+100,000
| New | +$8.57M |
|
1494
RELX
RELX
$66B
| $8.5M | 0.01% |
336,438
+184,577
| +122% | +$4.41M |
|
1495
Unifirst Corp
UNF
$5.43B
| $8.5M | 0.01% |
42,066
+558
| +1% | +$113K |
|
1496
VanEck Semiconductor ETF
SMH
$63.8B
| $8.49M | 0.01% |
120,108
+83,110
| +225% | +$5.44M |
|
1497
Church & Dwight Co
CHD
$23.7B
| $8.48M | 0.01% |
120,503
-243,620
| -67% | -$17.3M |
|
1498
SM Energy
SM
$7.11B
| $8.47M | 0.01% |
753,887
+59,426
| +9% | +$535K |
|
1499
Live Oak Bancshares
LOB
$1.99B
| $8.47M | 0.01% |
445,588
+246,523
| +124% | +$4.56M |
|
|
MAPS
1500
DELISTED
WM TECHNOLOGY INC A
MAPS
| $8.47M | 0.01% |
+854,296
| New | +$8.44M |
|
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.