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 | |
|---|---|---|---|---|---|---|
1851
Veracyte
VCYT
$3.58B
| $2.41M | 0.01% |
+99,230
| New | +$2.5M |
|
1852
Acadia Realty Trust
AKR
$3.07B
| $2.41M | 0.01% |
194,564
-198,948
| -51% | -$4.49M |
|
|
ANAT
1853
DELISTED
American National Group, Inc. Common Stock
ANAT
| $2.41M | 0.01% |
+29,246
| New | +$2.96M |
|
1854
Harmony Gold Mining
HMY
$10.3B
| $2.41M | 0.01% |
1,104,510
+43,258
| +4% | +$142K |
|
1855
AerCap
AER
$24.2B
| $2.4M | 0.01% |
105,448
-305,480
| -74% | -$15.1M |
|
|
MYOK
1856
DELISTED
MyoKardia, Inc. Common Stock
MYOK
| $2.4M | 0.01% |
+51,228
| New | +$3.28M |
|
1857
iShares US Home Construction ETF
ITB
$2.25B
| $2.4M | 0.01% |
82,968
+13,857
| +20% | +$593K |
|
1858
Designer Brands
DBI
$331M
| $2.4M | 0.01% |
+481,020
| New | +$6.23M |
|
1859
Nektar Therapeutics
NKTR
$2.38B
| $2.39M | 0.01% |
8,932
-34,563
| -79% | -$10.7M |
|
|
CZZ
1860
DELISTED
Cosan Limited
CZZ
| $2.39M | 0.01% |
194,399
-361,783
| -65% | -$6.92M |
|
1861
PUT
Archer Daniels Midland
ADM
$37.6B
| $2.39M | 0.01% |
67,900
+19,300
| +40% | +$789K |
|
1862
Hanmi Financial
HAFC
$949M
| $2.39M | 0.01% |
220,195
+136,128
| +162% | +$2.17M |
|
1863
NETGEAR
NTGR
$648M
| $2.38M | 0.01% |
104,238
+32,493
| +45% | +$730K |
|
|
ORBC
1864
DELISTED
ORBCOMM, Inc.
ORBC
| $2.38M | 0.01% |
974,153
+37,727
| +4% | +$123K |
|
1865
CALL
Lumentum
LITE
$60.7B
| $2.37M | 0.01% |
+32,200
| New | +$2.53M |
|
1866
Middlesex Water
MSEX
$1.07B
| $2.36M | 0.01% |
39,312
+15,756
| +67% | +$997K |
|
1867
NextCure
NXTC
$17.9M
| $2.36M | 0.01% |
5,310
+939
| +21% | +$501K |
|
1868
BellRing Brands
BRBR
$1.51B
| $2.36M | 0.01% |
138,460
-69,873
| -34% | -$1.41M |
|
1869
Main Street Capital
MAIN
$5.18B
| $2.36M | 0.01% |
115,137
+109,325
| +1,881% | +$4.09M |
|
1870
E.W. Scripps
SSP
$258M
| $2.36M | 0.01% |
+312,848
| New | +$3.86M |
|
1871
ASE Group
ASX
$80.7B
| $2.35M | 0.01% |
629,810
-244,634
| -28% | -$1.15M |
|
1872
La-Z-Boy
LZB
$1.64B
| $2.35M | 0.01% |
114,544
-67,189
| -37% | -$1.91M |
|
1873
Coca-Cola
KO
$374B
| $2.35M | 0.01% |
53,132
-946,181
| -95% | -$51.1M |
|
|
PIC.WS
1874
CALL
DELISTED
Pivotal Investment Corporation II Redeemable Warrants, each whole warrant exercisable for shares of
PIC.WS
| $2.34M | 0.01% |
+236,400
| New | +$187K |
|
1875
Trustmark
TRMK
$2.8B
| $2.34M | 0.01% |
+100,440
| New | +$2.99M |
|
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.