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 | |
|---|---|---|---|---|---|---|
|
QVCGA
1551
DELISTED
QVC Group Inc Series A
QVCGA
| $7.98M | 0.01% |
19,510
+16,096
| +471% | +$7.25M |
|
1552
CALL
Etsy
ETSY
$8.21B
| $7.97M | 0.01% |
+180,000
| New | +$8.57M |
|
1553
Hims & Hers Health
HIMS
$6.79B
| $7.97M | 0.01% |
+805,000
| New | +$7.94M |
|
1554
Ryder
R
$9.98B
| $7.96M | 0.01% |
146,535
-28,676
| -16% | -$1.49M |
|
1555
United Parcel Service
UPS
$89.7B
| $7.95M | 0.01% |
+67,899
| New | +$8.04M |
|
|
KW
1556
DELISTED
Kennedy-Wilson Holdings
KW
| $7.94M | 0.01% |
356,064
+293,880
| +473% | +$6.59M |
|
|
CBPX
1557
DELISTED
CONTINENTAL BUILDING PRODUCTS, INC.
CBPX
| $7.94M | 0.01% |
217,922
-813,425
| -79% | -$26.8M |
|
|
TERP
1558
DELISTED
TerraForm Power, Inc
TERP
| $7.93M | 0.01% |
+515,275
| New | +$8.3M |
|
|
CDMO
1559
DELISTED
Avid Bioservices, Inc. Common Stock
CDMO
| $7.91M | 0.01% |
1,030,623
+203,339
| +25% | +$1.19M |
|
1560
Haemonetics
HAE
$3.75B
| $7.9M | 0.01% |
68,762
-90,897
| -57% | -$11M |
|
1561
Nexstar Media Group
NXST
$5.92B
| $7.88M | 0.01% |
67,248
-37,663
| -36% | -$3.94M |
|
1562
New York Times
NYT
$12.2B
| $7.88M | 0.01% |
244,872
-20,386
| -8% | -$633K |
|
1563
Southwest Airlines
LUV
$22.7B
| $7.87M | 0.01% |
145,856
+113,430
| +350% | +$6.29M |
|
1564
Apogee Enterprises
APOG
$873M
| $7.86M | 0.01% |
241,886
-65,486
| -21% | -$2.44M |
|
1565
PUT
Assurant
AIZ
$14B
| $7.85M | 0.01% |
+59,900
| New | +$7.71M |
|
1566
Teva Pharmaceuticals
TEVA
$36.9B
| $7.84M | 0.01% |
799,866
-1,100,093
| -58% | -$9.82M |
|
1567
PUT
CarMax
KMX
$8.36B
| $7.84M | 0.01% |
89,400
+300
| +0.3% | +$28.2K |
|
|
MNR
1568
DELISTED
Monmouth Real Estate Investment Corp
MNR
| $7.82M | 0.01% |
539,816
-476,206
| -47% | -$7.04M |
|
|
EFC
1569
Ellington Financial
EFC
$1.7B
| $7.81M | 0.01% |
426,138
+266,913
| +168% | +$4.88M |
|
1570
IPG Photonics
IPGP
$3.57B
| $7.8M | 0.01% |
53,836
+47,292
| +723% | +$6.58M |
|
1571
CALL
Chipotle Mexican Grill
CMG
$43B
| $7.79M | 0.01% |
465,000
+50,000
| +12% | +$802K |
|
1572
Akamai
AKAM
$16.3B
| $7.78M | 0.01% |
90,051
+14,450
| +19% | +$1.26M |
|
1573
Gabelli Dividend & Income Trust
GDV
$2.62B
| $7.77M | 0.01% |
+354,176
| New | +$7.43M |
|
1574
Albany International
AIN
$2.16B
| $7.75M | 0.01% |
+102,111
| New | +$8.48M |
|
|
PRTY
1575
DELISTED
Party City Holdco Inc.
PRTY
| $7.74M | 0.01% |
+3,306,170
| New | +$12.4M |
|
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.