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
|
+$2.72B |
| 2 |
Apple
AAPL
|
+$1.98B |
| 3 |
Microsoft
MSFT
|
+$1.42B |
| 4 |
Alibaba
BABA
|
+$1.03B |
| 5 |
Amazon
AMZN
|
+$924M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Keurig Dr Pepper
KDP
|
+$173M |
| 2 |
FedEx
FDX
|
+$150M |
| 3 |
Oracle
ORCL
|
+$139M |
| 4 |
Linde
LIN
|
+$132M |
| 5 |
PayPal
PYPL
|
+$131M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 10.59% |
| 2 | Consumer Discretionary | 6.81% |
| 3 | Healthcare | 6.77% |
| 4 | Financials | 5.21% |
| 5 | Industrials | 4.86% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1551
WaFd
WAFD
$2.72B
| $11.5M | 0.01% |
446,282
-18,022
| -4% | -$429K |
|
1552
CALL
CVS Health
CVS
$133B
| $11.5M | 0.01% |
168,000
-85,900
| -34% | -$5.59M |
|
|
LINX
1553
DELISTED
Linx S.A.
LINX
| $11.4M | 0.01% |
1,612,163
-55,720
| -3% | -$376K |
|
|
QS.WS
1554
CALL
DELISTED
QuantumScape Corporation Warrants, each whole warrant exercisable for one share of Class A common st
QS.WS
| $11.4M | 0.01% |
+135,000
| New | +$3.08M |
|
1555
PUT
Royal Caribbean
RCL
$85.1B
| $11.4M | 0.01% |
152,500
+2,500
| +2% | +$174K |
|
|
AVID
1556
DELISTED
Avid Technology Inc
AVID
| $11.4M | 0.01% |
716,996
+655,966
| +1,075% | +$7.34M |
|
1557
PUT
iQIYI
IQ
$1.23B
| $11.4M | 0.01% |
+650,000
| New | +$14.7M |
|
1558
iShares JPMorgan USD Emerging Markets Bond ETF
EMB
$15B
| $11.4M | 0.01% |
97,966
-98,152
| -50% | -$11.1M |
|
1559
KLA
KLAC
$239B
| $11.4M | 0.01% |
438,580
+344,300
| +365% | +$8.02M |
|
1560
APA Corp
APA
$13.2B
| $11.3M | 0.01% |
797,319
-1,520,140
| -66% | -$17.7M |
|
1561
Vaxcyte
PCVX
$7.81B
| $11.3M | 0.01% |
425,824
+330,164
| +345% | +$12.3M |
|
1562
Baidu
BIDU
$37.7B
| $11.3M | 0.01% |
52,247
+48,526
| +1,304% | +$7.21M |
|
|
CNH
1563
CNH Industrial
CNH
$12.7B
| $11.3M | 0.01% |
1,010,444
-3,012,784
| -75% | -$26.2M |
|
|
EFC
1564
Ellington Financial
EFC
$1.67B
| $11.3M | 0.01% |
760,301
+288,929
| +61% | +$4.02M |
|
1565
iShares MSCI Switzerland ETF
EWL
$2.19B
| $11.3M | 0.01% |
252,418
+185,113
| +275% | +$7.86M |
|
|
ATAC.U
1566
DELISTED
Altimar Acquisition Corp Units
ATAC.U
| $11.3M | 0.01% |
+933,790
| New | +$9.85M |
|
1567
CALL
Automatic Data Processing
ADP
$106B
| $11.3M | 0.01% |
63,900
+40,100
| +168% | +$6.59M |
|
1568
Elevance Health
ELV
$81.5B
| $11.3M | 0.01% |
35,047
-43,740
| -56% | -$13.4M |
|
|
CNCE
1569
DELISTED
Concert Pharmaceuticals, Inc.
CNCE
| $11.3M | 0.01% |
890,253
-151,630
| -15% | -$1.73M |
|
|
CANO
1570
CALL
DELISTED
Cano Health, Inc.
CANO
| $11.2M | 0.01% |
+8,384
| New | +$9.59M |
|
1571
Carvana
CVNA
$68.6B
| $11.2M | 0.01% |
234,545
-897,480
| -79% | -$41M |
|
1572
Magnolia Oil & Gas
MGY
$6.09B
| $11.2M | 0.01% |
1,590,070
-127,150
| -7% | -$758K |
|
1573
CALL
FirstEnergy
FE
$28B
| $11.2M | 0.01% |
366,000
-134,000
| -27% | -$4.02M |
|
|
PRTY
1574
DELISTED
Party City Holdco Inc.
PRTY
| $11.2M | 0.01% |
1,817,942
-339,140
| -16% | -$1.32M |
|
1575
Shift4
FOUR
$4.2B
| $11.2M | 0.01% |
148,244
-359,319
| -71% | -$21.5M |
|
Similar funds
Millennium Management's Q4 2020 Portfolio in Review
As of Q4 2020, Millennium Management held 5,904 positions worth $138B, up 170,419% from $81.2M the previous quarter. Its ten largest holdings account for 20% of the portfolio.
Millennium Management deployed $45.7B of net new capital in Q4 2020, opening 1,518 new positions and adding to 1,899 existing holdings. Its largest new stake was Sotera Health: 2,269,458 shares worth $62.3M.
By sector, the portfolio is most concentrated in Technology at 11% of assets, up from 6% a quarter earlier, followed by Consumer Discretionary and Healthcare.
On the sell side, the largest reduction was Keurig Dr Pepper, an estimated $173M trimmed.
- Millennium Management's largest Q4 2020 buy was Sotera Health: 2,269,458 shares worth $62.3M.
- Millennium Management added most to State Street SPDR S&P 500 ETF Trust in Q4 2020, an estimated $2.72B increase.
- Millennium Management's biggest Q4 2020 reduction was Keurig Dr Pepper, cutting an estimated $173M.
- Millennium Management fully exited Clover Health Investments in Q4 2020, selling an estimated $36.7M.
- Millennium Management's ten largest holdings make up 20% of its $138B portfolio in Q4 2020.
- Millennium Management opened 1,518 new positions and closed 754 in Q4 2020.
- Millennium Management's portfolio value rose 170,419% quarter-over-quarter to $138B.
Based on Millennium Management's 13F filing for Q4 2020, filed 16 Feb 2021.