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 | |
|---|---|---|---|---|---|---|
|
HMLP
1726
DELISTED
HOEGH LNG PARTNERS LP
HMLP
| $2.9M | 0.01% |
395,582
+163,504
| +70% | +$2.02M |
|
1727
ChargePoint
CHPT
$143M
| $2.9M | 0.01% |
+15,000
| New | +$2.97M |
|
|
LCAHU
1728
DELISTED
Landcadia Holdings II, Inc. Unit
LCAHU
| $2.89M | 0.01% |
294,962
-750,000
| -72% | -$7.58M |
|
|
UBA
1729
DELISTED
Urstadt Biddle Properties Inc. Class A
UBA
| $2.89M | 0.01% |
+204,969
| New | +$4.23M |
|
|
JIH.WS
1730
CALL
DELISTED
Juniper Industrial Holdings, Inc. Redeemable warrants included as part of the units
JIH.WS
| $2.89M | 0.01% |
+300,000
| New | +$243K |
|
|
CADE
1731
DELISTED
Cadence Bancorporation
CADE
| $2.88M | 0.01% |
440,176
-641,740
| -59% | -$8.85M |
|
1732
Chewy
CHWY
$9.46B
| $2.88M | 0.01% |
76,743
-30,975
| -29% | -$910K |
|
1733
HealthStream
HSTM
$837M
| $2.87M | 0.01% |
+120,011
| New | +$3.02M |
|
1734
PUT
Ross Stores
ROST
$80.9B
| $2.87M | 0.01% |
33,000
-15,100
| -31% | -$1.61M |
|
1735
Cabaletta Bio
CABA
$435M
| $2.87M | 0.01% |
392,815
+152,865
| +64% | +$2.1M |
|
|
BBT
1736
Beacon Financial Corp
BBT
$2.69B
| $2.87M | 0.01% |
192,963
-145,654
| -43% | -$3.68M |
|
|
PTLA
1737
DELISTED
Portola Pharmaceuticals, Inc.
PTLA
| $2.87M | 0.01% |
402,113
+305,344
| +316% | +$3.81M |
|
|
WMGI
1738
CALL
DELISTED
Wright Medical Group Inc
WMGI
| $2.87M | 0.01% |
100,000
-550,000
| -85% | -$16.3M |
|
1739
Consolidated Edison
ED
$39.7B
| $2.84M | 0.01% |
36,424
-114,003
| -76% | -$10M |
|
1740
CALL
TechnipFMC
FTI
$27.1B
| $2.84M | 0.01% |
+565,824
| New | +$6.21M |
|
|
RESI
1741
DELISTED
Front Yard Residential Corporation Common Stock
RESI
| $2.84M | 0.01% |
237,438
-129,928
| -35% | -$1.52M |
|
1742
CALL
Thermo Fisher Scientific
TMO
$214B
| $2.84M | 0.01% |
+10,000
| New | +$3.15M |
|
1743
PUT
Ford
F
$57.7B
| $2.83M | 0.01% |
586,000
+372,500
| +174% | +$2.79M |
|
|
ZIXI
1744
DELISTED
Zix Corporation
ZIXI
| $2.83M | 0.01% |
656,532
+646,302
| +6,318% | +$4.35M |
|
1745
Chubb
CB
$134B
| $2.82M | 0.01% |
+25,254
| New | +$3.62M |
|
|
ALX
1746
Alexander's
ALX
$1.36B
| $2.82M | 0.01% |
10,213
-7,576
| -43% | -$2.37M |
|
1747
BWX Technologies
BWXT
$15.9B
| $2.81M | 0.01% |
57,603
+50,346
| +694% | +$2.99M |
|
1748
Cadence Design Systems
CDNS
$92.8B
| $2.79M | 0.01% |
42,285
-49,339
| -54% | -$3.42M |
|
1749
Kiniksa Pharmaceuticals
KNSA
$5.66B
| $2.78M | 0.01% |
179,629
-29,792
| -14% | -$466K |
|
|
SINA
1750
DELISTED
Sina Corp
SINA
| $2.78M | 0.01% |
87,281
-58,445
| -40% | -$2.15M |
|
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.