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 | |
|---|---|---|---|---|---|---|
1776
Kosmos Energy
KOS
$1.47B
| $5.86M | 0.01% |
1,027,223
-3,347,776
| -77% | -$20.2M |
|
1777
Champion Homes
SKY
$4.41B
| $5.85M | 0.01% |
184,525
-11,027
| -6% | -$344K |
|
|
PTACU
1778
DELISTED
PropTech Acquisition Corporation Unit
PTACU
| $5.84M | 0.01% |
+570,000
| New | +$5.8M |
|
1779
CALL
Waters Corp
WAT
$37.3B
| $5.84M | 0.01% |
25,000
+2,800
| +13% | +$618K |
|
|
SINA
1780
DELISTED
Sina Corp
SINA
| $5.82M | 0.01% |
145,726
-73,451
| -34% | -$2.82M |
|
|
SASR
1781
DELISTED
Sandy Spring Bancorp Inc
SASR
| $5.82M | 0.01% |
153,583
-104,669
| -41% | -$3.69M |
|
1782
PUT
Thermo Fisher Scientific
TMO
$214B
| $5.82M | 0.01% |
17,900
-52,600
| -75% | -$15.9M |
|
1783
Minerva Neurosciences
NERV
$191M
| $5.81M | 0.01% |
102,177
+20,355
| +25% | +$898K |
|
|
GOGL
1784
DELISTED
Golden Ocean Group
GOGL
| $5.81M | 0.01% |
1,000,129
+205,090
| +26% | +$1.18M |
|
1785
PUT
Sysco
SYY
$40.8B
| $5.81M | 0.01% |
67,900
+50,300
| +286% | +$4.07M |
|
|
PDX
1786
PIMCO Dynamic Income Strategy Fund
PDX
$942M
| $5.81M | 0.01% |
351,949
+336,345
| +2,156% | +$5.52M |
|
1787
Valvoline
VVV
$5.06B
| $5.8M | 0.01% |
270,921
-518,726
| -66% | -$11.4M |
|
1788
Kemper
KMPR
$1.81B
| $5.8M | 0.01% |
74,798
-190,300
| -72% | -$14.2M |
|
1789
CALL
Capital One
COF
$128B
| $5.79M | 0.01% |
56,300
+36,100
| +179% | +$3.48M |
|
1790
American States Water
AWR
$3.44B
| $5.79M | 0.01% |
+66,827
| New | +$5.92M |
|
1791
CALL
Take-Two Interactive
TTWO
$46.1B
| $5.78M | 0.01% |
47,200
-10,400
| -18% | -$1.27M |
|
1792
CALL
Plains GP Holdings
PAGP
$5.28B
| $5.76M | 0.01% |
+304,200
| New | +$5.71M |
|
|
TWOU
1793
DELISTED
2U Inc
TWOU
| $5.76M | 0.01% |
8,003
+2,975
| +59% | +$1.85M |
|
1794
Regional Management Corp
RM
$390M
| $5.74M | 0.01% |
191,138
+13,874
| +8% | +$421K |
|
|
TTM
1795
DELISTED
Tata Motors Limited
TTM
| $5.74M | 0.01% |
443,852
-205,561
| -32% | -$2.26M |
|
|
RPLA
1796
DELISTED
Replay Acquisition Corp. Ordinary Shares
RPLA
| $5.73M | 0.01% |
+571,446
| New | +$5.68M |
|
1797
BlackBerry
BB
$4.58B
| $5.73M | 0.01% |
892,355
+824,593
| +1,217% | +$4.53M |
|
1798
Tanger
SKT
$4.78B
| $5.73M | 0.01% |
388,891
-95,011
| -20% | -$1.49M |
|
|
BZUN
1799
Baozun
BZUN
$179M
| $5.72M | 0.01% |
172,834
+167,495
| +3,137% | +$6.64M |
|
|
PLAN
1800
DELISTED
Anaplan, Inc.
PLAN
| $5.72M | 0.01% |
+109,227
| New | +$5.42M |
|
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.