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 | |
|---|---|---|---|---|---|---|
|
AFMD
1576
DELISTED
Affimed
AFMD
| $3.52M | 0.01% |
223,106
-22,597
| -9% | -$538K |
|
1577
Grupo Aeroportuario del Sureste
ASR
$8.27B
| $3.52M | 0.01% |
37,433
+35,883
| +2,315% | +$6.07M |
|
1578
Credicorp
BAP
$31.8B
| $3.52M | 0.01% |
24,601
-20,320
| -45% | -$3.84M |
|
|
ZEN
1579
CALL
DELISTED
ZENDESK INC
ZEN
| $3.51M | 0.01% |
54,800
-45,200
| -45% | -$3.53M |
|
|
LGHL
1580
Lion Group Holding
LGHL
$853K
| $3.5M | 0.01% |
1
| – | – |
|
1581
Royal Caribbean
RCL
$85.1B
| $3.5M | 0.01% |
108,916
+9,514
| +10% | +$869K |
|
|
EMBJ
1582
Embraer S.A. ADS
EMBJ
$12.2B
| $3.5M | 0.01% |
473,181
+354,291
| +298% | +$5.36M |
|
|
FMBI
1583
DELISTED
First Midwest Bancorp Inc/IL
FMBI
| $3.5M | 0.01% |
264,507
+253,766
| +2,363% | +$4.78M |
|
1584
First Solar
FSLR
$22.7B
| $3.5M | 0.01% |
+96,981
| New | +$4.61M |
|
1585
Hyliion Holdings
HYLN
$635M
| $3.49M | 0.01% |
355,404
| – | – |
|
|
TRTX
1586
TPG RE Finance Trust
TRTX
$612M
| $3.48M | 0.01% |
634,752
+7,390
| +1% | +$128K |
|
1587
Markel Group
MKL
$23.3B
| $3.46M | 0.01% |
3,723
-4,482
| -55% | -$5.13M |
|
1588
Navient
NAVI
$789M
| $3.45M | 0.01% |
455,737
-877,253
| -66% | -$10.5M |
|
|
FITB
1589
Fifth Third Bancorp
FITB
$51.2B
| $3.45M | 0.01% |
232,533
-1,187,558
| -84% | -$29.6M |
|
1590
Darling Ingredients
DAR
$9.64B
| $3.45M | 0.01% |
180,061
+165,681
| +1,152% | +$4.2M |
|
1591
Graco
GGG
$12.9B
| $3.45M | 0.01% |
70,791
-385,546
| -84% | -$19.8M |
|
1592
CALL
Becton Dickinson
BDX
$45.6B
| $3.45M | 0.01% |
15,375
-78,105
| -84% | -$19.3M |
|
1593
Teck Resources
TECK
$29.6B
| $3.44M | 0.01% |
455,715
-1,136,487
| -71% | -$13.6M |
|
|
TRIT
1594
DELISTED
Triterras, Inc. Class A Ordinary Shares
TRIT
| $3.44M | 0.01% |
350,000
+250,000
| +250% | +$2.48M |
|
|
APTS
1595
DELISTED
Preferred Apartment Communities, Inc.
APTS
| $3.44M | 0.01% |
479,064
+415,281
| +651% | +$4.51M |
|
1596
Empire State Realty Trust
ESRT
$872M
| $3.43M | 0.01% |
382,481
+195,938
| +105% | +$2.4M |
|
|
LVGO
1597
DELISTED
Livongo Health, Inc. Common Stock
LVGO
| $3.42M | 0.01% |
119,968
+67,067
| +127% | +$1.74M |
|
1598
Ryman Hospitality Properties
RHP
$8.43B
| $3.42M | 0.01% |
95,412
-608,478
| -86% | -$42M |
|
1599
Kontoor Brands
KTB
$4.63B
| $3.42M | 0.01% |
178,413
+25,818
| +17% | +$921K |
|
1600
CALL
argenx
ARGX
$53.4B
| $3.41M | 0.01% |
+25,900
| New | +$3.79M |
|
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.