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 | |
|---|---|---|---|---|---|---|
1726
National Grid
NGG
$79.3B
| $6.16M | 0.01% |
111,073
+95,626
| +619% | +$4.91M |
|
1727
Teekay
TK
$1.01B
| $6.15M | 0.01% |
+1,156,761
| New | +$5.72M |
|
1728
W.P. Carey
WPC
$16.6B
| $6.15M | 0.01% |
78,475
-23,389
| -23% | -$1.96M |
|
1729
NVR
NVR
$17.1B
| $6.14M | 0.01% |
1,613
-10,798
| -87% | -$40M |
|
1730
BancFirst
BANF
$3.83B
| $6.14M | 0.01% |
98,319
+21,228
| +28% | +$1.25M |
|
|
SHOE
1731
Shoe Station Group
SHOE
$422M
| $6.13M | 0.01% |
328,918
+285,342
| +655% | +$5.04M |
|
|
LOTZ
1732
DELISTED
CarLotz, Inc. Class A Common Stock
LOTZ
| $6.13M | 0.01% |
+613,645
| New | +$6.08M |
|
1733
CrowdStrike
CRWD
$185B
| $6.13M | 0.01% |
491,384
+459,732
| +1,452% | +$6.03M |
|
1734
Caesarstone
CSTE
$71.2M
| $6.13M | 0.01% |
406,476
+303,182
| +294% | +$4.86M |
|
|
WW
1735
PUT
DELISTED
WW International
WW
| $6.11M | 0.01% |
160,000
-337,700
| -68% | -$12.8M |
|
1736
iShares Short Maturity Bond ETF
NEAR
$4.83B
| $6.1M | 0.01% |
121,470
-52
| -0% | -$2.62K |
|
1737
WillScot Mobile Mini Holdings
WSC
$4.4B
| $6.1M | 0.01% |
330,083
+12,331
| +4% | +$207K |
|
1738
PUT
WisdomTree India Earnings Fund ETF
EPI
$2.05B
| $6.1M | 0.01% |
245,000
| – | – |
|
1739
Cincinnati Financial
CINF
$27.6B
| $6.08M | 0.01% |
57,808
-20,137
| -26% | -$2.2M |
|
1740
Meritage Homes
MTH
$4.8B
| $6.08M | 0.01% |
198,910
-17,910
| -8% | -$615K |
|
|
AYR
1741
DELISTED
Aircastle Ltd
AYR
| $6.06M | 0.01% |
189,441
-91,275
| -33% | -$2.64M |
|
|
RST
1742
DELISTED
ROSETTA STONE INC
RST
| $6.06M | 0.01% |
+333,980
| New | +$5.69M |
|
|
SPAQ.WS
1743
CALL
DELISTED
Spartan Energy Acquisition Corp. Warrants, each whole warrant exercisable for one Class A common sto
SPAQ.WS
| $6.06M | 0.01% |
+595,600
| New | +$340K |
|
1744
CALL
Ionis Pharmaceuticals
IONS
$8.95B
| $6.04M | 0.01% |
100,000
-50,000
| -33% | -$2.98M |
|
1745
Zumiez
ZUMZ
$330M
| $6.04M | 0.01% |
174,895
+57,085
| +48% | +$1.81M |
|
1746
Vodafone
VOD
$37.3B
| $6.04M | 0.01% |
312,420
-974,694
| -76% | -$19.4M |
|
1747
iShares 5-10 Year Investment Grade Corporate Bond ETF
IGIB
$18.5B
| $6.04M | 0.01% |
104,131
+43,271
| +71% | +$2.5M |
|
|
CLDR
1748
DELISTED
Cloudera, Inc.
CLDR
| $6.03M | 0.01% |
+518,174
| New | +$4.96M |
|
1749
PUT
NetEase
NTES
$83.3B
| $6.01M | 0.01% |
98,000
+23,000
| +31% | +$1.35M |
|
1750
Frontline
FRO
$8.73B
| $6.01M | 0.01% |
467,195
-711,058
| -60% | -$7.75M |
|
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.