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 | |
|---|---|---|---|---|---|---|
|
WBA
1901
DELISTED
Walgreens Boots Alliance
WBA
| $5.05M | 0.01% |
85,664
-222,751
| -72% | -$12.8M |
|
1902
American Public Education
APEI
$940M
| $5.05M | 0.01% |
184,270
+23,096
| +14% | +$564K |
|
1903
RPC Inc
RES
$1.13B
| $5.04M | 0.01% |
962,824
+699,147
| +265% | +$3.14M |
|
|
GWB
1904
DELISTED
Great Western Bancorp, Inc.
GWB
| $5.04M | 0.01% |
145,235
-83,453
| -36% | -$2.88M |
|
|
BHVN
1905
DELISTED
Biohaven Pharmaceutical Holding Company Ltd.
BHVN
| $5.04M | 0.01% |
+92,643
| New | +$4.59M |
|
1906
CALL
Packaging Corp of America
PKG
$22.2B
| $5.04M | 0.01% |
45,000
+29,800
| +196% | +$3.29M |
|
1907
Kimberly-Clark
KMB
$37.6B
| $5.03M | 0.01% |
36,594
-54,888
| -60% | -$7.42M |
|
1908
Solid Biosciences
SLDB
$792M
| $5.03M | 0.01% |
75,422
+22,555
| +43% | +$2.49M |
|
1909
Ralph Lauren
RL
$22.4B
| $5.03M | 0.01% |
42,874
-469,224
| -92% | -$49.4M |
|
1910
Sanofi
SNY
$107B
| $5.03M | 0.01% |
+100,100
| New | +$4.69M |
|
|
1911
CALL
Sanofi
SNY
$107B
| $5.02M | 0.01% |
+100,000
| New | +$4.68M |
|
1912
Black Hills Corp
BKH
$5.55B
| $5.02M | 0.01% |
+63,892
| New | +$4.92M |
|
1913
Interparfums
IPAR
$4.07B
| $5.02M | 0.01% |
69,010
-53,164
| -44% | -$3.87M |
|
|
FLIC
1914
DELISTED
First of Long Island Corp
FLIC
| $5.01M | 0.01% |
199,748
-38,137
| -16% | -$910K |
|
1915
Mitek Systems
MITK
$756M
| $5.01M | 0.01% |
+654,711
| New | +$5.52M |
|
1916
PUT
L3Harris
LHX
$55.4B
| $5.01M | 0.01% |
+25,300
| New | +$5.07M |
|
|
OPLN
1917
Openlane
OPLN
$4.28B
| $5M | 0.01% |
229,606
-796,807
| -78% | -$18.2M |
|
1918
Red Rock Resorts
RRR
$3.84B
| $5M | 0.01% |
208,807
-424,497
| -67% | -$9.44M |
|
1919
CALL
TG Therapeutics
TGTX
$8.19B
| $5M | 0.01% |
+450,000
| New | +$3.42M |
|
|
SHLL.WS
1920
CALL
DELISTED
Tortoise Acquisition Corp. Warrants, each whole warrant exercisable for one share of Class A common
SHLL.WS
| $5M | 0.01% |
+500,000
| New | +$266K |
|
1921
John Wiley & Sons Class A
WLY
$2.83B
| $4.99M | 0.01% |
102,909
-265,787
| -72% | -$12.4M |
|
1922
Bright Horizons
BFAM
$4.35B
| $4.98M | 0.01% |
33,156
-15,146
| -31% | -$2.27M |
|
1923
Anika Therapeutics
ANIK
$215M
| $4.98M | 0.01% |
96,014
-95,947
| -50% | -$5.57M |
|
1924
MakeMyTrip
MMYT
$5.38B
| $4.98M | 0.01% |
+217,319
| New | +$5.26M |
|
1925
Vanguard Value ETF
VTV
$188B
| $4.97M | 0.01% |
41,456
+32,133
| +345% | +$3.71M |
|
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.