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 | |
|---|---|---|---|---|---|---|
1526
AB InBev
BUD
$161B
| $8.21M | 0.01% |
100,136
-20,895
| -17% | -$1.74M |
|
1527
Turning Point Brands
TPB
$1.56B
| $8.21M | 0.01% |
287,088
-75,790
| -21% | -$1.9M |
|
|
SCTL
1528
DELISTED
Societal CDMO, Inc. Common Stock
SCTL
| $8.2M | 0.01% |
447,143
+319,685
| +251% | +$4.59M |
|
1529
Unum
UNM
$14B
| $8.19M | 0.01% |
281,016
-786,834
| -74% | -$22.9M |
|
|
VNE
1530
DELISTED
Veoneer, Inc.
VNE
| $8.19M | 0.01% |
524,058
+132,709
| +34% | +$2.14M |
|
1531
CALL
Cognizant
CTSH
$23.8B
| $8.18M | 0.01% |
131,900
+30,000
| +29% | +$1.85M |
|
1532
Amkor Technology
AMKR
$11.3B
| $8.18M | 0.01% |
628,923
+310,486
| +98% | +$3.7M |
|
|
REVG
1533
DELISTED
REV Group
REVG
| $8.17M | 0.01% |
667,662
+73,721
| +12% | +$933K |
|
1534
CALL
Delta Air Lines
DAL
$58.8B
| $8.14M | 0.01% |
139,200
-43,900
| -24% | -$2.46M |
|
1535
Plug Power
PLUG
$2.73B
| $8.13M | 0.01% |
2,574,159
+2,249,131
| +692% | +$6.84M |
|
1536
Harmonic Inc
HLIT
$1.2B
| $8.12M | 0.01% |
1,041,111
+598,612
| +135% | +$4.47M |
|
|
FTACU
1537
DELISTED
FinTech Acquisition Corp. III Unit
FTACU
| $8.1M | 0.01% |
750,000
| – | – |
|
1538
iShares 1-5 Year Investment Grade Corporate Bond ETF
IGSB
$23B
| $8.09M | 0.01% |
150,746
+110,132
| +271% | +$5.91M |
|
1539
Repay Holdings
RPAY
$344M
| $8.07M | 0.01% |
550,803
+275,497
| +100% | +$3.85M |
|
1540
Dillards
DDS
$9.2B
| $8.07M | 0.01% |
109,800
-49,517
| -31% | -$3.51M |
|
1541
CALL
Morgan Stanley
MS
$333B
| $8.06M | 0.01% |
157,700
+3,100
| +2% | +$147K |
|
1542
Domo
DOMO
$177M
| $8.05M | 0.01% |
+370,732
| New | +$6.85M |
|
1543
Pinnacle West Capital
PNW
$12.8B
| $8.05M | 0.01% |
89,536
-74,644
| -45% | -$6.73M |
|
1544
CALL
Philip Morris
PM
$312B
| $8.05M | 0.01% |
+94,600
| New | +$7.8M |
|
|
ATRS
1545
DELISTED
Antares Pharma, Inc.
ATRS
| $8.05M | 0.01% |
1,711,963
+1,697,572
| +11,796% | +$6.95M |
|
1546
Molson Coors Class B
TAP
$7.97B
| $8.04M | 0.01% |
+149,263
| New | +$8.03M |
|
1547
Grupo Cibest SA
CIB
$21.1B
| $8.03M | 0.01% |
146,574
+54,193
| +59% | +$2.8M |
|
1548
Microvast
MVST
$256M
| $8.01M | 0.01% |
804,290
-3,800
| -0.5% | -$37.7K |
|
1549
Hyatt Hotels
H
$17.8B
| $8.01M | 0.01% |
89,250
-216,813
| -71% | -$16.9M |
|
|
VLRS
1550
Controladora Vuela Compania de Aviacion
VLRS
$910M
| $7.99M | 0.01% |
767,186
-340,168
| -31% | -$3.63M |
|
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.