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 | |
|---|---|---|---|---|---|---|
1776
Jones Lang LaSalle
JLL
$16.8B
| $2.67M | 0.01% |
26,397
-92,065
| -78% | -$13.8M |
|
1777
Adient
ADNT
$1.64B
| $2.67M | 0.01% |
293,776
+226,516
| +337% | +$4.56M |
|
|
SIEN
1778
DELISTED
Sientra, Inc.
SIEN
| $2.66M | 0.01% |
133,472
-125,546
| -48% | -$6.55M |
|
1779
Rollins
ROL
$18.4B
| $2.63M | 0.01% |
109,298
-1,109,628
| -91% | -$27.4M |
|
|
BEST
1780
DELISTED
BEST Inc. American Depositary Shares, each representing twenty (20) Class A Ordinary Shares
BEST
| $2.63M | 0.01% |
24,605
-90,855
| -79% | -$10.1M |
|
1781
Monro
MNRO
$400M
| $2.63M | 0.01% |
+60,068
| New | +$3.64M |
|
1782
Pinnacle West Capital
PNW
$12.2B
| $2.63M | 0.01% |
34,716
-54,820
| -61% | -$4.97M |
|
1783
US Physical Therapy
USPH
$1.2B
| $2.63M | 0.01% |
38,123
+35,375
| +1,287% | +$3.73M |
|
1784
Ares Capital
ARCC
$13.8B
| $2.62M | 0.01% |
243,064
-801,768
| -77% | -$13.5M |
|
|
AD
1785
Array Digital Infrastructure
AD
$3.03B
| $2.62M | 0.01% |
89,316
-261,125
| -75% | -$8.53M |
|
1786
Veru
VERU
$36.1M
| $2.61M | 0.01% |
79,937
+74,602
| +1,398% | +$2.8M |
|
|
CTXS
1787
DELISTED
Citrix Systems Inc
CTXS
| $2.61M | 0.01% |
18,467
-81,941
| -82% | -$9.77M |
|
1788
Hudbay
HBM
$10.4B
| $2.61M | 0.01% |
1,375,462
+436,504
| +46% | +$1.21M |
|
1789
Polaris
PII
$4.05B
| $2.61M | 0.01% |
+54,259
| New | +$4.45M |
|
|
XOMA
1790
DELISTED
Xoma
XOMA
| $2.61M | 0.01% |
128,184
+45,034
| +54% | +$1.04M |
|
1791
PJT Partners
PJT
$4.35B
| $2.6M | 0.01% |
60,011
-385,394
| -87% | -$16.9M |
|
1792
CRA International
CRAI
$1.17B
| $2.6M | 0.01% |
77,861
-18,193
| -19% | -$867K |
|
1793
Outfront Media
OUT
$5.56B
| $2.6M | 0.01% |
196,058
-1,042,972
| -84% | -$25.5M |
|
1794
Stoke Therapeutics
STOK
$1.83B
| $2.6M | 0.01% |
113,493
-208,888
| -65% | -$5.16M |
|
|
CZR
1795
DELISTED
Caesars Entertainment Corporation
CZR
| $2.6M | 0.01% |
384,072
-9,212,886
| -96% | -$108M |
|
1796
PUT
ASML
ASML
$632B
| $2.59M | 0.01% |
+9,900
| New | +$2.82M |
|
|
AGRX
1797
DELISTED
Agile Therapeutics
AGRX
| $2.58M | 0.01% |
694
+641
| +1,209% | +$3.68M |
|
1798
Passage Bio
PASG
$15M
| $2.58M | 0.01% |
+8,193
| New | +$2.56M |
|
|
GOEV
1799
DELISTED
Canoo Inc. Class A Common Stock
GOEV
| $2.58M | 0.01% |
+555
| New | +$2.6M |
|
1800
Federal Realty Investment Trust
FRT
$10.7B
| $2.56M | 0.01% |
34,367
-16,642
| -33% | -$1.92M |
|
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.