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 | |
|---|---|---|---|---|---|---|
1876
PUT
Axsome Therapeutics
AXSM
$11.7B
| $5.17M | 0.01% |
+50,000
| New | +$2.02M |
|
1877
Coeur Mining
CDE
$15.1B
| $5.16M | 0.01% |
638,223
-1,349,147
| -68% | -$8.32M |
|
|
CTT
1878
DELISTED
CATCHMARK TIMBER TRUST, INC.
CTT
| $5.16M | 0.01% |
449,575
-53,899
| -11% | -$614K |
|
1879
ProShares Ultra VIX Short-Term Futures ETF
UVXY
$259M
| $5.16M | 0.01% |
160
+152
| +1,900% | +$7M |
|
1880
Verra Mobility
VRRM
$775M
| $5.16M | 0.01% |
368,505
+217,856
| +145% | +$3.13M |
|
|
OAC.U
1881
DELISTED
Oaktree Acquisition Corp.
OAC.U
| $5.16M | 0.01% |
505,360
| – | – |
|
|
SRDX
1882
DELISTED
Surmodics
SRDX
| $5.15M | 0.01% |
124,264
+36,575
| +42% | +$1.54M |
|
|
FSB
1883
DELISTED
Franklin Financial Network, Inc.
FSB
| $5.14M | 0.01% |
149,883
+75,318
| +101% | +$2.48M |
|
|
STEL
1884
DELISTED
Stellar Bancorp
STEL
| $5.14M | 0.01% |
165,225
+40,208
| +32% | +$1.18M |
|
1885
Santander
BSBR
$38.2B
| $5.14M | 0.01% |
442,476
+353,535
| +397% | +$3.79M |
|
|
CSII
1886
DELISTED
Cardiovascular Systems, Inc.
CSII
| $5.14M | 0.01% |
105,781
-66,743
| -39% | -$3.04M |
|
1887
Caleres
CAL
$432M
| $5.14M | 0.01% |
216,362
-367,764
| -63% | -$8.31M |
|
1888
Rogers Corp
ROG
$2.08B
| $5.14M | 0.01% |
41,201
-35,559
| -46% | -$4.81M |
|
1889
Invesco S&P 500 Low Volatility ETF
SPLV
$7.24B
| $5.14M | 0.01% |
88,066
+29,114
| +49% | +$1.67M |
|
1890
Azenta
AZTA
$1.3B
| $5.13M | 0.01% |
122,354
-97,701
| -44% | -$4.1M |
|
1891
Artisan Partners
APAM
$2.86B
| $5.13M | 0.01% |
158,580
+136,660
| +623% | +$3.95M |
|
1892
SAP
SAP
$215B
| $5.12M | 0.01% |
38,203
-34,801
| -48% | -$4.57M |
|
1893
Century Communities
CCS
$1.98B
| $5.11M | 0.01% |
186,770
+171,910
| +1,157% | +$5.03M |
|
1894
CALL
Iovance Biotherapeutics
IOVA
$2.04B
| $5.1M | 0.01% |
+184,400
| New | +$4.19M |
|
1895
CALL
Teva Pharmaceuticals
TEVA
$40.4B
| $5.1M | 0.01% |
+520,000
| New | +$4.64M |
|
1896
OFG Bancorp
OFG
$2.21B
| $5.09M | 0.01% |
+215,539
| New | +$4.71M |
|
1897
Fortuna Silver Mines
FSM
$2.54B
| $5.09M | 0.01% |
1,247,126
-1,337,328
| -52% | -$4.37M |
|
1898
PUT
Union Pacific
UNP
$174B
| $5.08M | 0.01% |
+28,100
| New | +$4.81M |
|
|
RMG.U
1899
DELISTED
RMG Acquisition Corp.
RMG.U
| $5.08M | 0.01% |
500,000
| – | – |
|
1900
PUT
Palo Alto Networks
PANW
$256B
| $5.06M | 0.01% |
131,400
+11,400
| +10% | +$431K |
|
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.