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 | |
|---|---|---|---|---|---|---|
1876
CALL
Capital One
COF
$134B
| $2.34M | 0.01% |
46,400
-9,900
| -18% | -$870K |
|
|
CURO
1877
DELISTED
CURO Group Holdings Corp.
CURO
| $2.34M | 0.01% |
440,995
+82,601
| +23% | +$789K |
|
1878
Ribbon Communications
RBBN
$373M
| $2.34M | 0.01% |
+770,874
| New | +$2.32M |
|
|
HOFV
1879
DELISTED
Hall of Fame Resort & Entertainment Co
HOFV
| $2.33M | 0.01% |
+14,856
| New | +$2.43M |
|
|
LUNA
1880
DELISTED
Luna Innovations Incorporated
LUNA
| $2.33M | 0.01% |
378,710
-31,125
| -8% | -$230K |
|
|
HTBK
1881
DELISTED
Heritage Commerce
HTBK
| $2.32M | 0.01% |
302,440
-22,562
| -7% | -$239K |
|
1882
Cemex
CX
$17.1B
| $2.32M | 0.01% |
1,093,059
+183,328
| +20% | +$620K |
|
|
DOCU
1883
DocuSign
DOCU
$10.5B
| $2.32M | 0.01% |
25,075
-5,908
| -19% | -$475K |
|
1884
PUT
Ollie's Bargain Outlet
OLLI
$4.51B
| $2.32M | 0.01% |
+50,000
| New | +$2.56M |
|
1885
United Rentals
URI
$69.5B
| $2.32M | 0.01% |
22,520
+6,844
| +44% | +$907K |
|
|
ETRN
1886
DELISTED
Equitrans Midstream Corporation Common Stock
ETRN
| $2.31M | 0.01% |
460,188
-49,207
| -10% | -$431K |
|
1887
PUT
Centene
CNC
$31.5B
| $2.31M | 0.01% |
+38,870
| New | +$2.36M |
|
|
SGEN
1888
PUT
DELISTED
Seagen Inc. Common Stock
SGEN
| $2.31M | 0.01% |
+20,000
| New | +$2.21M |
|
1889
American International
AIG
$41.8B
| $2.31M | 0.01% |
95,086
-1,165,948
| -92% | -$50M |
|
|
CBAY
1890
DELISTED
Cymabay Therapeutics
CBAY
| $2.31M | 0.01% |
1,557,140
-1,436,505
| -48% | -$2.41M |
|
|
MASI
1891
CALL
DELISTED
Masimo
MASI
| $2.3M | 0.01% |
13,000
+5,000
| +63% | +$858K |
|
1892
Beyond Meat
BYND
$316M
| $2.3M | 0.01% |
34,498
+13,592
| +65% | +$1.32M |
|
1893
Canadian National Railway
CNI
$76.1B
| $2.3M | 0.01% |
29,596
-500,455
| -94% | -$43.6M |
|
1894
PUT
Corning
GLW
$126B
| $2.3M | 0.01% |
+111,900
| New | +$2.92M |
|
1895
Tennant Co
TNC
$1.46B
| $2.29M | 0.01% |
39,576
-1,589
| -4% | -$117K |
|
|
FSCT
1896
DELISTED
ForeScout Technologies, Inc. Common Stock
FSCT
| $2.28M | 0.01% |
72,304
-227,347
| -76% | -$7.11M |
|
1897
JetBlue
JBLU
$2.35B
| $2.28M | 0.01% |
254,265
-820,261
| -76% | -$13.6M |
|
|
SASR
1898
DELISTED
Sandy Spring Bancorp Inc
SASR
| $2.27M | 0.01% |
100,462
-53,121
| -35% | -$1.69M |
|
1899
CALL
Target
TGT
$67.8B
| $2.27M | 0.01% |
+24,400
| New | +$2.71M |
|
1900
PUT
Qorvo
QRVO
$7.89B
| $2.27M | 0.01% |
28,100
-71,900
| -72% | -$7.19M |
|
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.