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 | |
|---|---|---|---|---|---|---|
1626
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$16.6B
| $3.32M | 0.01% |
43,069
-1,616,431
| -97% | -$137M |
|
1627
Radware
RDWR
$1.13B
| $3.32M | 0.01% |
+157,437
| New | +$3.7M |
|
|
ZUO
1628
DELISTED
Zuora, Inc.
ZUO
| $3.3M | 0.01% |
410,304
+171,886
| +72% | +$2.26M |
|
1629
Manitowoc
MTW
$510M
| $3.3M | 0.01% |
388,431
-90,208
| -19% | -$1.18M |
|
|
DOOR
1630
DELISTED
MASONITE INTERNATIONAL CORP
DOOR
| $3.3M | 0.01% |
69,569
-29,975
| -30% | -$2.12M |
|
1631
Wingstop
WING
$3.52B
| $3.3M | 0.01% |
41,410
+36,815
| +801% | +$3.15M |
|
1632
Compañía de Minas Buenaventura
BVN
$7.72B
| $3.3M | 0.01% |
452,452
-1,470,507
| -76% | -$16.7M |
|
1633
Bank OZK
OZK
$5.66B
| $3.3M | 0.01% |
197,337
+69,054
| +54% | +$1.77M |
|
1634
Merit Medical Systems
MMSI
$5.2B
| $3.29M | 0.01% |
105,308
-103,011
| -49% | -$3.67M |
|
1635
Visteon
VC
$2.77B
| $3.29M | 0.01% |
68,571
-108,874
| -61% | -$7.9M |
|
1636
FirstCash
FCFS
$9.05B
| $3.29M | 0.01% |
45,823
-175,242
| -79% | -$14.2M |
|
|
DPHCW
1637
CALL
DELISTED
DiamondPeak Holdings Corp. Warrant
DPHCW
| $3.28M | 0.01% |
+333,333
| New | +$271K |
|
1638
World Acceptance Corp
WRLD
$860M
| $3.28M | 0.01% |
60,083
+51,216
| +578% | +$3.96M |
|
1639
PUT
Palo Alto Networks
PANW
$275B
| $3.28M | 0.01% |
120,000
-11,400
| -9% | -$398K |
|
1640
Stantec
STN
$8.19B
| $3.28M | 0.01% |
128,291
+92,287
| +256% | +$2.66M |
|
|
KW
1641
DELISTED
Kennedy-Wilson Holdings
KW
| $3.28M | 0.01% |
244,167
-111,897
| -31% | -$2.23M |
|
1642
Cabot Corp
CBT
$4.65B
| $3.27M | 0.01% |
125,392
+106,805
| +575% | +$4.06M |
|
1643
CALL
DuPont de Nemours
DD
$18.8B
| $3.27M | 0.01% |
76,400
-102,850
| -57% | -$6.29M |
|
1644
Amgen
AMGN
$207B
| $3.26M | 0.01% |
16,092
+15,022
| +1,404% | +$3.28M |
|
1645
American States Water
AWR
$3.39B
| $3.24M | 0.01% |
39,667
-27,160
| -41% | -$2.33M |
|
1646
PUT
DexCom
DXCM
$32.6B
| $3.23M | 0.01% |
48,000
+28,000
| +140% | +$1.74M |
|
1647
PUT
Enphase Energy
ENPH
$5.01B
| $3.23M | 0.01% |
+100,000
| New | +$3.77M |
|
1648
PUT
iShares MSCI Mexico ETF
EWW
$1.97B
| $3.23M | 0.01% |
113,800
-236,200
| -67% | -$9.85M |
|
1649
PUT
American Airlines Group
AAL
$10.7B
| $3.22M | 0.01% |
264,000
-478,300
| -64% | -$10.9M |
|
|
HUYA
1650
Huya Inc
HUYA
$574M
| $3.22M | 0.01% |
189,771
-562,091
| -75% | -$10.4M |
|
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.