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 | |
|---|---|---|---|---|---|---|
1526
Arlo Technologies
ARLO
$1.6B
| $3.73M | 0.01% |
1,536,410
-212,787
| -12% | -$739K |
|
1527
EastGroup Properties
EGP
$11.2B
| $3.73M | 0.01% |
35,730
-68,973
| -66% | -$8.71M |
|
1528
Thermo Fisher Scientific
TMO
$213B
| $3.73M | 0.01% |
13,135
+4,092
| +45% | +$1.29M |
|
1529
AGCO
AGCO
$7.15B
| $3.72M | 0.01% |
78,737
-139,519
| -64% | -$8.86M |
|
1530
CALL
Tesla
TSLA
$1.23T
| $3.72M | 0.01% |
+106,500
| New | +$4.41M |
|
|
FM
1531
DELISTED
iShares Frontier and Select EM ETF
FM
| $3.71M | 0.01% |
173,787
+57,159
| +49% | +$1.58M |
|
|
WBT
1532
DELISTED
Welbilt, Inc.
WBT
| $3.7M | 0.01% |
722,046
-317,961
| -31% | -$3.83M |
|
|
CFFAW
1533
CALL
DELISTED
CF Finance Acquisition Corp. Warrant
CFFAW
| $3.7M | 0.01% |
+360,000
| New | +$331K |
|
1534
Curtiss-Wright
CW
$26.7B
| $3.7M | 0.01% |
40,063
-61,735
| -61% | -$7.91M |
|
1535
Compass Minerals
CMP
$1.23B
| $3.7M | 0.01% |
96,157
+79,003
| +461% | +$4.3M |
|
|
MRC
1536
DELISTED
MRC Global
MRC
| $3.7M | 0.01% |
868,341
+559,922
| +182% | +$5.26M |
|
|
ADVM
1537
DELISTED
Adverum Biotechnologies
ADVM
| $3.69M | 0.01% |
37,801
+35,764
| +1,756% | +$4.17M |
|
1538
Carvana
CVNA
$68.6B
| $3.69M | 0.01% |
+334,820
| New | +$5.18M |
|
1539
Werner Enterprises
WERN
$2.24B
| $3.68M | 0.01% |
101,577
+18,411
| +22% | +$662K |
|
1540
Dave & Buster's
PLAY
$377M
| $3.68M | 0.01% |
281,462
-189,991
| -40% | -$6.51M |
|
|
HCCOW
1541
CALL
DELISTED
Healthcare Merger Corp. Warrants
HCCOW
| $3.67M | 0.01% |
+375,000
| New | +$471K |
|
|
TCF
1542
DELISTED
TCF Financial Corporation Common Stock
TCF
| $3.67M | 0.01% |
162,167
-502,535
| -76% | -$18.9M |
|
1543
Televisa
TV
$1.48B
| $3.67M | 0.01% |
633,477
+280,829
| +80% | +$2.74M |
|
1544
CrowdStrike
CRWD
$194B
| $3.67M | 0.01% |
263,760
-227,624
| -46% | -$3.21M |
|
1545
W.P. Carey
WPC
$16.8B
| $3.67M | 0.01% |
64,550
-13,925
| -18% | -$1.06M |
|
1546
Elanco Animal Health
ELAN
$13.2B
| $3.67M | 0.01% |
163,948
+106,100
| +183% | +$2.91M |
|
1547
Old National Bancorp
ONB
$10.2B
| $3.67M | 0.01% |
278,070
-103,775
| -27% | -$1.73M |
|
1548
STAAR Surgical
STAA
$1.21B
| $3.66M | 0.01% |
113,517
+20,886
| +23% | +$704K |
|
1549
PUT
Northrop Grumman
NOC
$77.1B
| $3.66M | 0.01% |
+12,100
| New | +$4.21M |
|
1550
EXL Service
EXLS
$5.14B
| $3.66M | 0.01% |
351,690
+190,765
| +119% | +$2.6M |
|
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.