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 | |
|---|---|---|---|---|---|---|
1701
CALL
Park Hotels & Resorts
PK
$3.05B
| $3.01M | 0.01% |
+380,000
| New | +$7.14M |
|
1702
International Seaways
INSW
$4.56B
| $3M | 0.01% |
125,660
-56,595
| -31% | -$1.29M |
|
|
GLIBA
1703
DELISTED
GCI Liberty, Inc. Class A Common Stock (DE)
GLIBA
| $3M | 0.01% |
52,673
+41,872
| +388% | +$2.84M |
|
1704
Cinemark Holdings
CNK
$4.36B
| $3M | 0.01% |
294,344
-169,138
| -36% | -$4.34M |
|
|
DISH
1705
PUT
DELISTED
DISH Network Corp.
DISH
| $3M | 0.01% |
+150,000
| New | +$4.86M |
|
1706
PUT
Yum! Brands
YUM
$40.8B
| $3M | 0.01% |
43,700
+23,400
| +115% | +$2.18M |
|
|
FLIC
1707
DELISTED
First of Long Island Corp
FLIC
| $2.99M | 0.01% |
172,532
-27,216
| -14% | -$569K |
|
|
MRSN
1708
DELISTED
Mersana Therapeutics
MRSN
| $2.99M | 0.01% |
20,532
-11,610
| -36% | -$2.03M |
|
1709
Powell Industries
POWL
$7.8B
| $2.99M | 0.01% |
349,506
-315,522
| -47% | -$3.77M |
|
1710
PUT
Altria Group
MO
$113B
| $2.99M | 0.01% |
77,300
-271,200
| -78% | -$12M |
|
|
ORAN
1711
DELISTED
Orange
ORAN
| $2.98M | 0.01% |
+246,832
| New | +$3.35M |
|
1712
Renasant Corp
RNST
$4.05B
| $2.98M | 0.01% |
136,493
-1,017,940
| -88% | -$30.2M |
|
|
ZEPP
1713
Zepp Health
ZEPP
$68.5M
| $2.96M | 0.01% |
56,409
-16,502
| -23% | -$893K |
|
|
EBSB
1714
DELISTED
Meridian Bancorp, Inc.
EBSB
| $2.96M | 0.01% |
263,601
+160,494
| +156% | +$2.66M |
|
|
TGNA
1715
DELISTED
TEGNA Inc
TGNA
| $2.95M | 0.01% |
271,889
+158,422
| +140% | +$2.53M |
|
|
ATRS
1716
DELISTED
Antares Pharma, Inc.
ATRS
| $2.95M | 0.01% |
1,251,352
-460,611
| -27% | -$1.57M |
|
1717
Axogen
AXGN
$2.44B
| $2.94M | 0.01% |
283,081
+196,262
| +226% | +$2.5M |
|
|
CELUW
1718
CALL
DELISTED
Celularity Inc
CELUW
| $2.94M | 0.01% |
+300,000
| New | +$257K |
|
|
LCAHW
1719
CALL
DELISTED
Landcadia Holdings II, Inc. Warrant
LCAHW
| $2.94M | 0.01% |
+300,000
| New | +$212K |
|
1720
CALL
Dollar General
DG
$28.1B
| $2.93M | 0.01% |
19,400
| – | – |
|
1721
PUT
Hartford Financial Services
HIG
$38.8B
| $2.92M | 0.01% |
82,900
+21,900
| +36% | +$1.14M |
|
|
APLT
1722
DELISTED
Applied Therapeutics
APLT
| $2.92M | 0.01% |
+89,324
| New | +$3.61M |
|
|
RCM
1723
DELISTED
R1 RCM Inc. Common Stock
RCM
| $2.91M | 0.01% |
320,366
-383,866
| -55% | -$4.62M |
|
1724
GoPro
GPRO
$131M
| $2.91M | 0.01% |
1,110,650
-253,499
| -19% | -$942K |
|
1725
Vanda Pharmaceuticals
VNDA
$319M
| $2.9M | 0.01% |
280,178
+266,565
| +1,958% | +$3.31M |
|
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.