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 | |
|---|---|---|---|---|---|---|
2001
PUT
Hexcel
HXL
$7.97B
| $4.5M | 0.01% |
+61,400
| New | +$4.72M |
|
2002
Precigen
PGEN
$1.94B
| $4.5M | 0.01% |
820,883
+655,535
| +396% | +$3.69M |
|
2003
Cardlytics
CDLX
$22.2M
| $4.48M | 0.01% |
7,130
-11,641
| -62% | -$5.69M |
|
|
DNR
2004
DELISTED
Denbury Resources, Inc.
DNR
| $4.48M | 0.01% |
3,176,083
-3,490,092
| -52% | -$3.89M |
|
2005
PUT
Dollar Tree
DLTR
$24.8B
| $4.48M | 0.01% |
47,600
-16,200
| -25% | -$1.7M |
|
2006
Brunswick
BC
$5.23B
| $4.46M | 0.01% |
74,315
+25,571
| +52% | +$1.48M |
|
2007
iShares MSCI Australia ETF
EWA
$1.38B
| $4.45M | 0.01% |
+196,482
| New | +$4.42M |
|
|
GTHX
2008
DELISTED
G1 Therapeutics, Inc. Common Stock
GTHX
| $4.44M | 0.01% |
168,054
-118,700
| -41% | -$2.78M |
|
|
BRSL
2009
Brightstar Lottery PLC
BRSL
$1.9B
| $4.44M | 0.01% |
+296,462
| New | +$4.22M |
|
2010
BellRing Brands
BRBR
$1.55B
| $4.43M | 0.01% |
+208,333
| New | +$4.08M |
|
2011
Parker-Hannifin
PH
$120B
| $4.42M | 0.01% |
21,492
-146,199
| -87% | -$28.3M |
|
|
BCOV
2012
DELISTED
Brightcove, Inc.
BCOV
| $4.42M | 0.01% |
508,619
+111,269
| +28% | +$1.04M |
|
|
RIDE
2013
DELISTED
Lordstown Motors Corp. Class A Common Stock
RIDE
| $4.42M | 0.01% |
+29,587
| New | +$4.4M |
|
2014
Oneok
OKE
$56.7B
| $4.41M | 0.01% |
58,312
-509,058
| -90% | -$36.4M |
|
|
BLUE
2015
CALL
DELISTED
bluebird bio
BLUE
| $4.39M | 0.01% |
3,860
+1,544
| +67% | +$1.68M |
|
2016
Upland Software
UPLD
$13.3M
| $4.38M | 0.01% |
12,271
+2,609
| +27% | +$975K |
|
|
TARO
2017
DELISTED
Taro Pharmaceutical Industries Ltd.
TARO
| $4.38M | 0.01% |
49,833
-32,558
| -40% | -$2.75M |
|
2018
Criteo
CRTO
$1.14B
| $4.38M | 0.01% |
252,473
-361,936
| -59% | -$6.44M |
|
|
CSII
2019
CALL
DELISTED
Cardiovascular Systems, Inc.
CSII
| $4.37M | 0.01% |
90,000
+5,000
| +6% | +$228K |
|
|
LTM
2020
DELISTED
LATAM Airlines Group S.A American Depositary Shares (Each representing 1 Common Share)
LTM
| $4.37M | 0.01% |
430,191
+13,676
| +3% | +$153K |
|
|
CURO
2021
DELISTED
CURO Group Holdings Corp.
CURO
| $4.37M | 0.01% |
358,394
-162,057
| -31% | -$2.17M |
|
2022
Corvus Pharmaceuticals
CRVS
$1.1B
| $4.35M | 0.01% |
799,830
-152,367
| -16% | -$533K |
|
|
CFFAU
2023
DELISTED
CF Finance Acquisition Corp. Unit
CFFAU
| $4.34M | 0.01% |
400,000
| – | – |
|
|
TLND
2024
DELISTED
Talend S.A. American Depositary Shares
TLND
| $4.33M | 0.01% |
110,853
-44,145
| -28% | -$1.63M |
|
|
2025
Hexcel
HXL
$7.97B
| $4.33M | 0.01% |
59,003
-232,226
| -80% | -$17.8M |
|
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.