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 |
L3Harris
LHX
|
+$282M |
| 2 |
Ameren
AEE
|
+$239M |
| 3 |
Restaurant Brands International
QSR
|
+$192M |
| 4 |
Lowe's Companies
LOW
|
+$190M |
| 5 |
Las Vegas Sands
LVS
|
+$164M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
LyondellBasell Industries
LYB
|
+$441M |
| 2 |
WP
Worldpay, Inc.
WP
|
+$429M |
| 3 |
LLL
L3 Technologies, Inc.
LLL
|
+$412M |
| 4 |
RHT
Red Hat Inc
RHT
|
+$399M |
| 5 |
APC
Anadarko Petroleum
APC
|
+$304M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 10.82% |
| 2 | Financials | 10.34% |
| 3 | Technology | 9.47% |
| 4 | Consumer Discretionary | 8.69% |
| 5 | Industrials | 8.57% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1951
Prestige Consumer Healthcare
PBH
$2.47B
| $4.04M | 0.01% |
116,403
+91,606
| +369% | +$3.02M |
|
1952
Laureate Education
LAUR
$5.38B
| $4.04M | 0.01% |
243,508
+117,109
| +93% | +$1.97M |
|
1953
NETSCOUT
NTCT
$2.82B
| $4.04M | 0.01% |
175,044
-380,196
| -68% | -$9.08M |
|
1954
Credit Acceptance
CACC
$5.91B
| $4.03M | 0.01% |
8,745
-14,455
| -62% | -$6.83M |
|
|
SLCA
1955
DELISTED
U.S. SILICA HOLDINGS, INC.
SLCA
| $4.02M | 0.01% |
420,826
+286,423
| +213% | +$3.3M |
|
1956
Host Hotels & Resorts
HST
$17.5B
| $4.01M | 0.01% |
232,122
-2,176,793
| -90% | -$37.2M |
|
|
SRDX
1957
DELISTED
Surmodics
SRDX
| $4.01M | 0.01% |
87,689
-14,345
| -14% | -$625K |
|
|
GLDD
1958
DELISTED
Great Lakes Dredge & Dock
GLDD
| $4.01M | 0.01% |
383,588
-555,961
| -59% | -$5.88M |
|
1959
CALL
Helmerich & Payne
HP
$3.35B
| $4.01M | 0.01% |
+100,000
| New | +$4.41M |
|
1960
Grand Canyon Education
LOPE
$4.16B
| $4.01M | 0.01% |
40,804
+34,789
| +578% | +$4.15M |
|
|
DHIL
1961
DELISTED
Diamond Hill
DHIL
| $4M | 0.01% |
28,957
+4,822
| +20% | +$655K |
|
1962
Capitol Federal Financial
CFFN
$1.08B
| $4M | 0.01% |
290,178
+3,063
| +1% | +$41.7K |
|
|
SAGE
1963
DELISTED
Sage Therapeutics
SAGE
| $4M | 0.01% |
+28,497
| New | +$4.77M |
|
1964
PUT
NetEase
NTES
$83.1B
| $3.99M | 0.01% |
75,000
+5,000
| +7% | +$254K |
|
|
LX
1965
LexinFintech Holdings
LX
$247M
| $3.98M | 0.01% |
396,540
-293,341
| -43% | -$3.19M |
|
1966
iShares China Large-Cap ETF
FXI
$4.32B
| $3.98M | 0.01% |
99,897
-208,577
| -68% | -$8.46M |
|
1967
SoundThinking
SSTI
$111M
| $3.97M | 0.01% |
172,598
+67,608
| +64% | +$2.19M |
|
|
DOOR
1968
DELISTED
MASONITE INTERNATIONAL CORP
DOOR
| $3.96M | 0.01% |
68,214
-126,243
| -65% | -$6.7M |
|
1969
CALL
Martin Marietta Materials
MLM
$34.4B
| $3.95M | 0.01% |
+14,400
| New | +$3.56M |
|
1970
Wipro
WIT
$19.4B
| $3.93M | 0.01% |
2,155,124
+470,524
| +28% | +$923K |
|
1971
Zillow
ZG
$7.84B
| $3.93M | 0.01% |
133,038
-50,886
| -28% | -$2.02M |
|
1972
Southern Copper
SCCO
$138B
| $3.9M | 0.01% |
123,272
-57,304
| -32% | -$1.82M |
|
|
ECOL
1973
DELISTED
US Ecology, Inc.
ECOL
| $3.9M | 0.01% |
60,959
+43,722
| +254% | +$2.7M |
|
1974
Codexis
CDXS
$161M
| $3.89M | 0.01% |
283,898
+186,763
| +192% | +$2.94M |
|
1975
PUT
Keysight
KEYS
$50.8B
| $3.89M | 0.01% |
+40,000
| New | +$3.71M |
|
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Millennium Management's Q3 2019 Portfolio in Review
As of Q3 2019, Millennium Management held 4,833 positions worth $63.3B, down 4.9% from $66.5B the previous quarter. Its ten largest holdings account for 7.2% of the portfolio.
Millennium Management's Q3 2019 filing shows 843 new, 1,522 increased, 1,651 reduced and 727 closed positions. Its largest new stake was L3Harris: 1,378,220 shares worth $288M. The largest sale was LyondellBasell Industries, an estimated $441M.
By sector, the portfolio is most concentrated in Healthcare at 11% of assets, down from 12% a quarter earlier, followed by Financials and Technology.
- Millennium Management's largest Q3 2019 buy was L3Harris: 1,378,220 shares worth $288M.
- Millennium Management added most to Ameren in Q3 2019, an estimated $239M increase.
- Millennium Management's biggest Q3 2019 reduction was LyondellBasell Industries, cutting an estimated $441M.
- Millennium Management fully exited Worldpay, Inc. in Q3 2019, selling an estimated $429M.
- Millennium Management's ten largest holdings make up 7.2% of its $63.3B portfolio in Q3 2019.
- Millennium Management opened 843 new positions and closed 727 in Q3 2019.
- Millennium Management's portfolio value fell 4.9% quarter-over-quarter to $63.3B.
Based on Millennium Management's 13F filing for Q3 2019, filed 14 Nov 2019.