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 | |
|---|---|---|---|---|---|---|
1951
Credit Acceptance
CACC
$5.82B
| $4.78M | 0.01% |
10,808
+2,063
| +24% | +$909K |
|
1952
Group 1 Automotive
GPI
$4.26B
| $4.78M | 0.01% |
47,766
+40,237
| +534% | +$3.97M |
|
1953
CALL
Marriott International
MAR
$100B
| $4.77M | 0.01% |
31,500
-14,500
| -32% | -$1.94M |
|
1954
Cboe Global Markets
CBOE
$32.2B
| $4.77M | 0.01% |
39,728
-482,170
| -92% | -$56.6M |
|
1955
Banco Bradesco
BBD
$37.4B
| $4.77M | 0.01% |
708,777
+571,932
| +418% | +$3.58M |
|
1956
PUT
Norfolk Southern
NSC
$75.4B
| $4.76M | 0.01% |
+24,500
| New | +$4.6M |
|
1957
BioNTech
BNTX
$23.5B
| $4.75M | 0.01% |
+140,205
| New | +$3.14M |
|
|
AVDL
1958
DELISTED
Avadel Pharmaceuticals
AVDL
| $4.75M | 0.01% |
628,827
+509,939
| +429% | +$2.69M |
|
|
ALEX
1959
DELISTED
Alexander & Baldwin
ALEX
| $4.73M | 0.01% |
225,822
+179,997
| +393% | +$4.07M |
|
1960
ProShares VIX Short-Term Futures ETF
VIXY
$221M
| $4.72M | 0.01% |
+4,750
| New | +$5.91M |
|
|
APTO
1961
DELISTED
Aptose Biosciences, Inc.
APTO
| $4.71M | 0.01% |
+1,845
| New | +$2.4M |
|
1962
Omnicom Group
OMC
$23.5B
| $4.71M | 0.01% |
58,095
+34,194
| +143% | +$2.68M |
|
1963
Intercorp Financial Services
IFS
$6.29B
| $4.71M | 0.01% |
113,941
-21,578
| -16% | -$867K |
|
1964
MaxLinear
MXL
$5.19B
| $4.7M | 0.01% |
221,549
+212,353
| +2,309% | +$4.41M |
|
|
PARA
1965
CALL
DELISTED
Paramount Global Class B
PARA
| $4.7M | 0.01% |
112,100
+73,800
| +193% | +$2.86M |
|
1966
SFL Corp
SFL
$1.61B
| $4.69M | 0.01% |
322,742
+210,793
| +188% | +$3.05M |
|
|
COWN
1967
DELISTED
Cowen Inc. Class A Common Stock
COWN
| $4.69M | 0.01% |
297,813
+1,211
| +0.4% | +$18.2K |
|
1968
United Natural Foods
UNFI
$3.04B
| $4.68M | 0.01% |
+534,579
| New | +$4.31M |
|
|
FRTA
1969
DELISTED
Forterra, Inc
FRTA
| $4.68M | 0.01% |
405,022
+360,001
| +800% | +$3.5M |
|
1970
iShares Core S&P Mid-Cap ETF
IJH
$121B
| $4.68M | 0.01% |
113,610
-16,425
| -13% | -$651K |
|
1971
CALL
Cencora
COR
$62B
| $4.68M | 0.01% |
+55,000
| New | +$4.71M |
|
1972
Bloomin' Brands
BLMN
$754M
| $4.67M | 0.01% |
211,752
-501,578
| -70% | -$10.6M |
|
|
GDEN
1973
DELISTED
Golden Entertainment
GDEN
| $4.66M | 0.01% |
+242,452
| New | +$3.97M |
|
1974
TransAlta
TAC
$3.93B
| $4.64M | 0.01% |
648,625
+504,165
| +349% | +$3.27M |
|
1975
Aldeyra Therapeutics
ALDX
$97.1M
| $4.64M | 0.01% |
798,022
+264,390
| +50% | +$1.53M |
|
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.