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 | |
|---|---|---|---|---|---|---|
1751
Asbury Automotive
ABG
$4.26B
| $2.78M | 0.01% |
50,300
+39,770
| +378% | +$3.46M |
|
1752
Bruker
BRKR
$9.73B
| $2.77M | 0.01% |
77,169
-153,370
| -67% | -$7.11M |
|
1753
NMI Holdings
NMIH
$3.33B
| $2.77M | 0.01% |
238,312
+142,682
| +149% | +$3.77M |
|
1754
Badger Meter
BMI
$3.99B
| $2.77M | 0.01% |
51,595
+36,384
| +239% | +$2.22M |
|
1755
WisdomTree India Earnings Fund ETF
EPI
$2.04B
| $2.76M | 0.01% |
170,517
+150,434
| +749% | +$3.35M |
|
|
RMO
1756
DELISTED
Romeo Power, Inc.
RMO
| $2.75M | 0.01% |
276,700
| – | – |
|
1757
Allot
ALLT
$387M
| $2.74M | 0.01% |
289,991
+228,224
| +369% | +$2.28M |
|
1758
PUT
Boston Scientific
BSX
$71.7B
| $2.74M | 0.01% |
83,900
-116,200
| -58% | -$4.54M |
|
|
ODP
1759
DELISTED
ODP
ODP
| $2.72M | 0.01% |
+165,828
| New | +$3.71M |
|
|
FINV
1760
FinVolution Group
FINV
$1.17B
| $2.71M | 0.01% |
1,525,102
+263,950
| +21% | +$524K |
|
|
CZR
1761
CALL
DELISTED
Caesars Entertainment Corporation
CZR
| $2.71M | 0.01% |
+401,400
| New | +$4.72M |
|
1762
Eli Lilly
LLY
$1,000B
| $2.71M | 0.01% |
19,546
-267,023
| -93% | -$36.7M |
|
|
GLOP
1763
DELISTED
GASLOG PARTNERS LP
GLOP
| $2.71M | 0.01% |
1,214,092
+1,182,934
| +3,797% | +$8.57M |
|
|
AGTC
1764
DELISTED
Applied Genetic Technologies Corporation
AGTC
| $2.7M | 0.01% |
+823,988
| New | +$4.34M |
|
1765
HNI Corp
HNI
$3.43B
| $2.7M | 0.01% |
107,282
+6,728
| +7% | +$223K |
|
1766
Hamilton Lane
HLNE
$5.25B
| $2.7M | 0.01% |
48,798
+25,806
| +112% | +$1.61M |
|
1767
Omeros
OMER
$891M
| $2.7M | 0.01% |
+201,798
| New | +$2.68M |
|
1768
Vanguard FTSE Emerging Markets ETF
VWO
$121B
| $2.69M | 0.01% |
80,174
-181,840
| -69% | -$7.41M |
|
1769
PUT
Mercado Libre
MELI
$96.4B
| $2.69M | 0.01% |
+5,500
| New | +$3.39M |
|
|
ESPR
1770
DELISTED
Esperion Therapeutics
ESPR
| $2.69M | 0.01% |
85,165
-172,986
| -67% | -$9.13M |
|
|
LTM
1771
DELISTED
LATAM Airlines Group S.A American Depositary Shares (Each representing 1 Common Share)
LTM
| $2.69M | 0.01% |
1,013,264
+583,073
| +136% | +$4.19M |
|
1772
Comtech Telecommunications
CMTL
$50M
| $2.68M | 0.01% |
201,915
+15,781
| +8% | +$444K |
|
|
HES
1773
PUT
DELISTED
Hess
HES
| $2.68M | 0.01% |
80,500
-66,800
| -45% | -$3.61M |
|
1774
Haemonetics
HAE
$3.95B
| $2.67M | 0.01% |
26,821
-41,941
| -61% | -$4.55M |
|
|
DBVT
1775
DBV Technologies
DBVT
$798M
| $2.67M | 0.01% |
68,033
+38,909
| +134% | +$3.49M |
|
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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.