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 | |
|---|---|---|---|---|---|---|
1976
CALL
Align Technology
ALGN
$12.9B
| $4.6M | 0.01% |
16,500
+1,500
| +10% | +$374K |
|
|
MRSN
1977
DELISTED
Mersana Therapeutics
MRSN
| $4.6M | 0.01% |
32,142
+30,441
| +1,790% | +$2.23M |
|
1978
Barclays
BCS
$87.8B
| $4.6M | 0.01% |
+482,800
| New | +$4.17M |
|
|
CTRA
1979
PUT
DELISTED
Coterra Energy
CTRA
| $4.59M | 0.01% |
263,700
| – | – |
|
1980
CALL
HP
HPQ
$26B
| $4.58M | 0.01% |
+223,100
| New | +$4.23M |
|
1981
MBIA
MBI
$275M
| $4.58M | 0.01% |
492,940
+437,492
| +789% | +$4.16M |
|
1982
CALL
State Street Technology Select Sector SPDR ETF
XLK
$109B
| $4.58M | 0.01% |
100,000
-1,536,800
| -94% | -$65.8M |
|
1983
CALL
Penumbra
PEN
$12.6B
| $4.58M | 0.01% |
27,900
-129,100
| -82% | -$20.5M |
|
1984
SiriusPoint
SPNT
$3.03B
| $4.58M | 0.01% |
435,485
-44,457
| -9% | -$432K |
|
1985
PUT
Steris
STE
$22.9B
| $4.57M | 0.01% |
+30,000
| New | +$4.4M |
|
1986
Huron Consulting
HURN
$2.76B
| $4.57M | 0.01% |
66,516
+34,450
| +107% | +$2.24M |
|
1987
Lincoln Electric
LECO
$14.1B
| $4.57M | 0.01% |
47,220
+10,223
| +28% | +$930K |
|
|
VNET
1988
VNET Group
VNET
$1.79B
| $4.57M | 0.01% |
+629,786
| New | +$4.78M |
|
|
SAGE
1989
DELISTED
Sage Therapeutics
SAGE
| $4.56M | 0.01% |
63,134
+34,637
| +122% | +$4.26M |
|
1990
Constellium
CSTM
$3.76B
| $4.56M | 0.01% |
340,052
-1,502,044
| -82% | -$20.7M |
|
|
MDC
1991
DELISTED
M.D.C. Holdings, Inc.
MDC
| $4.56M | 0.01% |
128,929
+63,641
| +97% | +$2.4M |
|
1992
EPR Properties
EPR
$4.89B
| $4.55M | 0.01% |
64,399
-131,440
| -67% | -$9.7M |
|
1993
Oshkosh
OSK
$8.91B
| $4.55M | 0.01% |
48,066
-200,925
| -81% | -$17.3M |
|
|
NTUS
1994
DELISTED
Natus Medical Inc
NTUS
| $4.54M | 0.01% |
137,689
+4,656
| +3% | +$149K |
|
1995
Central Garden & Pet Co
CENT
$2.76B
| $4.54M | 0.01% |
182,535
-239,329
| -57% | -$5.69M |
|
|
RESI
1996
DELISTED
Front Yard Residential Corporation Common Stock
RESI
| $4.53M | 0.01% |
367,366
-174,898
| -32% | -$2.08M |
|
1997
PUT
Ulta Beauty
ULTA
$21.8B
| $4.53M | 0.01% |
17,900
| – | – |
|
|
HOLI
1998
DELISTED
Hollsys Automation Technologies INTERNATIONAL, LTD. COMMON (British Virgin Island)
HOLI
| $4.53M | 0.01% |
275,830
-123,720
| -31% | -$1.88M |
|
1999
CALL
ExxonMobil
XOM
$650B
| $4.51M | 0.01% |
64,600
-71,900
| -53% | -$4.97M |
|
2000
Webster Financial
WBS
$12.3B
| $4.5M | 0.01% |
84,367
-396,295
| -82% | -$19.1M |
|
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.