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 | |
|---|---|---|---|---|---|---|
1501
Columbia Sportswear
COLM
$3.04B
| $3.86M | 0.01% |
+55,334
| New | +$4.7M |
|
|
SPR
1502
DELISTED
Spirit AeroSystems
SPR
| $3.86M | 0.01% |
161,322
-96,498
| -37% | -$5.34M |
|
1503
Beazer Homes USA
BZH
$877M
| $3.85M | 0.01% |
597,264
+392,898
| +192% | +$4.87M |
|
1504
Mercer International
MERC
$42.3M
| $3.85M | 0.01% |
531,165
-232,550
| -30% | -$2.33M |
|
1505
Beam Therapeutics
BEAM
$2.63B
| $3.84M | 0.01% |
+213,105
| New | +$4.63M |
|
1506
Stewart Information Services
STC
$2.06B
| $3.83M | 0.01% |
143,639
-95,057
| -40% | -$3.49M |
|
|
FTACW
1507
CALL
DELISTED
FinTech Acquisition Corp. III Warrant
FTACW
| $3.83M | 0.01% |
+382,500
| New | +$500K |
|
1508
PUT
Martin Marietta Materials
MLM
$31.5B
| $3.82M | 0.01% |
20,200
-56,000
| -73% | -$13.4M |
|
|
OMN
1509
DELISTED
OMNOVA Solutions Inc.
OMN
| $3.81M | 0.01% |
376,199
+129,746
| +53% | +$1.29M |
|
1510
Santander
BSBR
$42.5B
| $3.81M | 0.01% |
769,966
+327,490
| +74% | +$2.76M |
|
1511
Azenta
AZTA
$1.3B
| $3.81M | 0.01% |
124,985
+2,631
| +2% | +$95.8K |
|
1512
Owens Corning
OC
$11.2B
| $3.81M | 0.01% |
98,132
-1,053,810
| -91% | -$59M |
|
1513
Toronto Dominion Bank
TD
$198B
| $3.8M | 0.01% |
89,621
-348,753
| -80% | -$17.9M |
|
1514
CALL
Prudential Financial
PRU
$42.4B
| $3.78M | 0.01% |
72,500
-19,400
| -21% | -$1.54M |
|
1515
Intercorp Financial Services
IFS
$6.48B
| $3.78M | 0.01% |
136,339
+22,398
| +20% | +$847K |
|
|
SDC
1516
DELISTED
SmileDirectClub, Inc. Class A Common Stock
SDC
| $3.78M | 0.01% |
+808,560
| New | +$7.97M |
|
1517
Ducommun
DCO
$2.7B
| $3.77M | 0.01% |
+151,697
| New | +$5.84M |
|
|
YMAB
1518
DELISTED
Y-mAbs Therapeutics
YMAB
| $3.77M | 0.01% |
144,373
-244,922
| -63% | -$7.11M |
|
1519
CALL
Applied Materials
AMAT
$403B
| $3.77M | 0.01% |
82,200
-216,900
| -73% | -$12.5M |
|
1520
Public Storage
PSA
$60.5B
| $3.76M | 0.01% |
18,940
-13,035
| -41% | -$2.79M |
|
1521
Southern Copper
SCCO
$143B
| $3.76M | 0.01% |
144,046
-25,312
| -15% | -$849K |
|
1522
Enova International
ENVA
$6.33B
| $3.74M | 0.01% |
258,359
-6,849
| -3% | -$136K |
|
|
PDCE
1523
DELISTED
PDC Energy, Inc.
PDCE
| $3.74M | 0.01% |
+602,631
| New | +$10.9M |
|
1524
Domo
DOMO
$174M
| $3.74M | 0.01% |
375,856
+5,124
| +1% | +$103K |
|
|
ALXN
1525
PUT
DELISTED
Alexion Pharmaceuticals
ALXN
| $3.73M | 0.01% |
41,600
+21,600
| +108% | +$2.12M |
|
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.