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 | |
|---|---|---|---|---|---|---|
1651
Bilibili
BILI
$7.75B
| $6.83M | 0.01% |
366,959
-285,281
| -44% | -$4.63M |
|
1652
Jazz Pharmaceuticals
JAZZ
$16.1B
| $6.83M | 0.01% |
45,765
+41,157
| +893% | +$5.6M |
|
1653
Public Storage
PSA
$62.3B
| $6.81M | 0.01% |
31,975
-106,579
| -77% | -$23.7M |
|
|
ETRN
1654
DELISTED
Equitrans Midstream Corporation Common Stock
ETRN
| $6.81M | 0.01% |
509,395
-617,268
| -55% | -$7.66M |
|
1655
Capital Southwest
CSWC
$1.47B
| $6.8M | 0.01% |
327,006
+95,464
| +41% | +$2.07M |
|
1656
iShares National Muni Bond ETF
MUB
$45.2B
| $6.8M | 0.01% |
59,716
+27,953
| +88% | +$3.18M |
|
|
TPIC
1657
DELISTED
TPI Composites
TPIC
| $6.8M | 0.01% |
367,370
-2,171
| -0.6% | -$39.8K |
|
|
ARCH
1658
DELISTED
Arch Resources, Inc.
ARCH
| $6.78M | 0.01% |
94,535
+82,325
| +674% | +$6.31M |
|
1659
CALL
iShares US Real Estate ETF
IYR
$4.74B
| $6.76M | 0.01% |
72,600
-289,500
| -80% | -$26.8M |
|
1660
Genworth Financial
GNW
$3.85B
| $6.75M | 0.01% |
1,534,398
+1,273,810
| +489% | +$5.36M |
|
1661
CALL
State Street SPDR S&P Biotech ETF
XBI
$9.95B
| $6.74M | 0.01% |
70,900
| – | – |
|
1662
Compañía de Cervecerías Unidas
CCU
$2.18B
| $6.74M | 0.01% |
355,172
+339,855
| +2,219% | +$6.74M |
|
|
SJR
1663
DELISTED
Shaw Communications Inc.
SJR
| $6.74M | 0.01% |
+331,926
| New | +$6.69M |
|
|
AFMD
1664
DELISTED
Affimed
AFMD
| $6.73M | 0.01% |
245,703
-152,155
| -38% | -$4.07M |
|
1665
Magnachip Semiconductor
MX
$112M
| $6.73M | 0.01% |
579,439
+307,231
| +113% | +$3.6M |
|
1666
Campbell Soup
CPB
$6.86B
| $6.72M | 0.01% |
136,058
-605,213
| -82% | -$28.7M |
|
1667
Idexx Laboratories
IDXX
$45.1B
| $6.7M | 0.01% |
+25,662
| New | +$6.76M |
|
1668
Impinj
PI
$4.02B
| $6.7M | 0.01% |
259,071
+46,605
| +22% | +$1.45M |
|
|
BIG
1669
DELISTED
Big Lots, Inc.
BIG
| $6.68M | 0.01% |
232,492
-183,503
| -44% | -$4.24M |
|
1670
Southern Copper
SCCO
$135B
| $6.67M | 0.01% |
169,358
+46,086
| +37% | +$1.6M |
|
1671
Pan American Silver
PAAS
$17.6B
| $6.66M | 0.01% |
281,156
-1,968,921
| -88% | -$36.5M |
|
1672
Takeda Pharmaceutical
TAK
$56.7B
| $6.65M | 0.01% |
+337,271
| New | +$6.45M |
|
|
VRN
1673
DELISTED
Veren
VRN
| $6.65M | 0.01% |
1,488,548
+850,102
| +133% | +$3.32M |
|
1674
Alaunos Therapeutics
TCRT
$4.71M
| $6.64M | 0.01% |
9,383
+7,716
| +463% | +$5.31M |
|
1675
FTI Consulting
FCN
$5.25B
| $6.63M | 0.01% |
59,911
-14,023
| -19% | -$1.53M |
|
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.