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 | |
|---|---|---|---|---|---|---|
1551
Matthews International
MATW
$866M
| $3.66M | 0.01% |
151,291
+143,796
| +1,919% | +$4.58M |
|
1552
Trimble
TRMB
$13.2B
| $3.66M | 0.01% |
114,937
+79,418
| +224% | +$3.11M |
|
1553
iHeartMedia
IHRT
$543M
| $3.65M | 0.01% |
499,864
+325,665
| +187% | +$4.79M |
|
1554
PUT
United Rentals
URI
$67.2B
| $3.64M | 0.01% |
35,400
-17,600
| -33% | -$2.33M |
|
1555
ATI
ATI
$25.6B
| $3.64M | 0.01% |
428,390
-31,155
| -7% | -$498K |
|
1556
CALL
Take-Two Interactive
TTWO
$45.4B
| $3.64M | 0.01% |
30,700
-16,500
| -35% | -$1.95M |
|
|
CCX.U
1557
DELISTED
Churchill Capital Corp II
CCX.U
| $3.64M | 0.01% |
352,126
-2,547,875
| -88% | -$28.5M |
|
|
FRC
1558
DELISTED
First Republic Bank
FRC
| $3.64M | 0.01% |
44,245
-49,667
| -53% | -$5.26M |
|
1559
Pinterest
PINS
$13.4B
| $3.64M | 0.01% |
235,512
+175,284
| +291% | +$3.41M |
|
1560
AC Immune
ACIU
$223M
| $3.63M | 0.01% |
525,679
+475,701
| +952% | +$3.72M |
|
1561
PUT
Domino's
DPZ
$11.5B
| $3.63M | 0.01% |
+11,200
| New | +$3.45M |
|
1562
Ashland
ASH
$3.33B
| $3.63M | 0.01% |
72,424
+48,845
| +207% | +$3.36M |
|
|
AVDL
1563
DELISTED
Avadel Pharmaceuticals
AVDL
| $3.61M | 0.01% |
454,896
-173,931
| -28% | -$1.34M |
|
1564
PUT
Johnson Controls International
JCI
$88.8B
| $3.6M | 0.01% |
133,700
-113,600
| -46% | -$4.23M |
|
|
AMRN
1565
PUT
Amarin Corp
AMRN
$299M
| $3.6M | 0.01% |
+45,000
| New | +$15M |
|
1566
Sibanye-Stillwater
SBSW
$6.26B
| $3.6M | 0.01% |
762,040
-1,700,028
| -69% | -$15.2M |
|
1567
Caesarstone
CSTE
$72.3M
| $3.59M | 0.01% |
339,388
-67,088
| -17% | -$818K |
|
|
CDMO
1568
DELISTED
Avid Bioservices, Inc. Common Stock
CDMO
| $3.58M | 0.01% |
700,169
-330,454
| -32% | -$2M |
|
|
CADE
1569
DELISTED
Cadence Bank
CADE
| $3.58M | 0.01% |
+189,085
| New | +$5M |
|
|
GNMK
1570
DELISTED
GenMark Diagnostics, Inc
GNMK
| $3.57M | 0.01% |
866,382
+756,322
| +687% | +$3.55M |
|
1571
Tenet Healthcare
THC
$20.5B
| $3.56M | 0.01% |
247,334
-161,643
| -40% | -$4.64M |
|
1572
Liberty Global Class C
LBTYK
$3.53B
| $3.56M | 0.01% |
226,560
+211,641
| +1,419% | +$3.98M |
|
1573
LCI Industries
LCII
$2.49B
| $3.54M | 0.01% |
53,008
+3,773
| +8% | +$368K |
|
|
OSB
1574
DELISTED
Norbord Inc.
OSB
| $3.54M | 0.01% |
298,917
-75,420
| -20% | -$1.9M |
|
1575
HEICO Corp
HEI
$49.8B
| $3.53M | 0.01% |
47,287
-176,927
| -79% | -$19.3M |
|
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.