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 | |
|---|---|---|---|---|---|---|
1926
Hancock Whitney
HWC
$6.19B
| $4.97M | 0.01% |
113,190
+51,801
| +84% | +$2.1M |
|
1927
Inogen
INGN
$174M
| $4.97M | 0.01% |
72,690
-274,923
| -79% | -$17.2M |
|
|
WUBA
1928
DELISTED
58.com Inc
WUBA
| $4.96M | 0.01% |
76,681
-17,841
| -19% | -$1M |
|
1929
Liberty Media Series C
FWONK
$25.5B
| $4.95M | 0.01% |
+111,325
| New | +$4.64M |
|
1930
CVR Energy
CVI
$3.48B
| $4.95M | 0.01% |
122,327
+79,359
| +185% | +$3.49M |
|
|
THWWW
1931
CALL
DELISTED
Target Hospitality Corp. Warrant expiring 3/15/2024
THWWW
| $4.95M | 0.01% |
+989,200
| New | +$689K |
|
|
FOCS
1932
DELISTED
Focus Financial Partners Inc. Class A
FOCS
| $4.94M | 0.01% |
167,615
-95,474
| -36% | -$2.44M |
|
|
SPLK
1933
PUT
DELISTED
Splunk Inc
SPLK
| $4.93M | 0.01% |
32,900
+1,800
| +6% | +$236K |
|
1934
Alphatec Holdings
ATEC
$1.48B
| $4.92M | 0.01% |
694,106
+12,944
| +2% | +$83.1K |
|
1935
iShares Russell 1000 Growth ETF
IWF
$117B
| $4.92M | 0.01% |
+111,928
| New | +$4.67M |
|
|
ONDK
1936
DELISTED
On Deck Capital, Inc.
ONDK
| $4.92M | 0.01% |
1,187,628
-337,597
| -22% | -$1.36M |
|
|
VMW
1937
DELISTED
VMware, Inc
VMW
| $4.91M | 0.01% |
32,330
+28,196
| +682% | +$4.42M |
|
1938
Hackett Group
HCKT
$281M
| $4.9M | 0.01% |
303,732
+34,614
| +13% | +$550K |
|
|
WAAS
1939
DELISTED
AquaVenture Holdings Limited
WAAS
| $4.9M | 0.01% |
+180,608
| New | +$3.83M |
|
1940
Gyre Therapeutics
GYRE
$629M
| $4.88M | 0.01% |
95,649
+1,870
| +2% | +$78.4K |
|
1941
iShares MSCI USA Min Vol Factor ETF
USMV
$23.6B
| $4.87M | 0.01% |
+74,266
| New | +$4.77M |
|
1942
ASE Group
ASX
$68.3B
| $4.86M | 0.01% |
874,444
+833,714
| +2,047% | +$4.28M |
|
|
ECOL
1943
DELISTED
US Ecology, Inc.
ECOL
| $4.86M | 0.01% |
83,893
+22,934
| +38% | +$1.36M |
|
|
WBA
1944
PUT
DELISTED
Walgreens Boots Alliance
WBA
| $4.85M | 0.01% |
82,200
-197,600
| -71% | -$11.4M |
|
1945
Phibro Animal Health
PAHC
$1.5B
| $4.84M | 0.01% |
195,059
-99,107
| -34% | -$2.3M |
|
1946
Radian Group
RDN
$5.28B
| $4.83M | 0.01% |
191,888
-308,944
| -62% | -$7.68M |
|
1947
Illumina
ILMN
$29.5B
| $4.83M | 0.01% |
14,959
-452
| -3% | -$137K |
|
1948
The RealReal
REAL
$1.41B
| $4.83M | 0.01% |
256,081
-95,862
| -27% | -$1.84M |
|
1949
CALL
Cooper Companies
COO
$14.2B
| $4.82M | 0.01% |
60,000
+52,000
| +650% | +$3.92M |
|
1950
Arrowhead Research
ARWR
$12.1B
| $4.81M | 0.01% |
75,857
+68,001
| +866% | +$3.37M |
|
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.