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 |
AGN
Allergan plc
AGN
|
+$200M |
| 2 |
Danaher
DHR
|
+$146M |
| 3 |
iShares 1-5 Year Investment Grade Corporate Bond ETF
IGSB
|
+$138M |
| 4 |
Procter & Gamble
PG
|
+$122M |
| 5 |
RDS.B
Royal Dutch Shell PLC ADS Class B
RDS.B
|
+$109M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$3.89B |
| 2 |
Microsoft
MSFT
|
+$380M |
| 3 |
Alibaba
BABA
|
+$352M |
| 4 |
Wells Fargo
WFC
|
+$245M |
| 5 |
American Electric Power
AEP
|
+$243M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 11.41% |
| 2 | Technology | 7.27% |
| 3 | Financials | 6.46% |
| 4 | Consumer Discretionary | 5.3% |
| 5 | Industrials | 4.98% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
2001
Huron Consulting
HURN
$2.41B
| $1.98M | ﹤0.01% |
43,687
-22,829
| -34% | -$1.38M |
|
|
MSGN
2002
DELISTED
MSG Networks Inc.
MSGN
| $1.98M | ﹤0.01% |
194,294
-512,292
| -73% | -$7.31M |
|
2003
Orthofix Medical
OFIX
$477M
| $1.98M | ﹤0.01% |
70,629
-287,618
| -80% | -$11.1M |
|
2004
KRONOS Worldwide
KRO
$693M
| $1.98M | ﹤0.01% |
234,094
-557,184
| -70% | -$5.85M |
|
|
DPHCU
2005
DELISTED
DiamondPeak Holdings Corp. Units
DPHCU
| $1.97M | ﹤0.01% |
200,000
-1,000,000
| -83% | -$10.3M |
|
2006
VanEck Semiconductor ETF
SMH
$68.5B
| $1.97M | ﹤0.01% |
33,600
-86,508
| -72% | -$5.83M |
|
2007
Alaska Air
ALK
$5.29B
| $1.96M | ﹤0.01% |
68,844
-372,035
| -84% | -$20.2M |
|
|
CVET
2008
DELISTED
Covetrus, Inc. Common Stock
CVET
| $1.96M | ﹤0.01% |
+240,753
| New | +$2.75M |
|
|
TDAY
2009
USA Today Co
TDAY
$1.27B
| $1.96M | ﹤0.01% |
1,322,960
-283,225
| -18% | -$1.4M |
|
2010
PUT
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
$3.68B
| $1.96M | ﹤0.01% |
59,450
-292,775
| -83% | -$19.4M |
|
|
NEX
2011
DELISTED
NexTier Oilfield Solutions Inc.
NEX
| $1.95M | ﹤0.01% |
1,670,057
-1,352,916
| -45% | -$5.94M |
|
2012
QuinStreet
QNST
$890M
| $1.95M | ﹤0.01% |
+242,553
| New | +$2.99M |
|
2013
Patterson-UTI
PTEN
$3.98B
| $1.95M | ﹤0.01% |
829,972
-258,391
| -24% | -$1.67M |
|
2014
Caleres
CAL
$431M
| $1.95M | ﹤0.01% |
374,618
+158,256
| +73% | +$2.27M |
|
2015
Washington Trust Bancorp
WASH
$743M
| $1.94M | ﹤0.01% |
+53,176
| New | +$2.41M |
|
2016
CALL
FedEx
FDX
$72.7B
| $1.94M | ﹤0.01% |
16,000
+14,400
| +900% | +$2.03M |
|
|
RWT
2017
Redwood Trust
RWT
$574M
| $1.94M | ﹤0.01% |
383,441
-60,232
| -14% | -$897K |
|
|
SHLL.U
2018
DELISTED
Tortoise Acquisition Corp. Units, each consisting of one share of Class A Common Stock and one-half
SHLL.U
| $1.94M | ﹤0.01% |
200,000
| – | – |
|
|
ALUS.WS
2019
CALL
DELISTED
Alussa Energy Acquisition Corp Warrants
ALUS.WS
| $1.94M | ﹤0.01% |
+201,600
| New | +$156K |
|
|
PTACU
2020
DELISTED
PropTech Acquisition Corporation Unit
PTACU
| $1.93M | ﹤0.01% |
194,601
-375,399
| -66% | -$3.91M |
|
2021
PUT
O'Reilly Automotive
ORLY
$72.9B
| $1.93M | ﹤0.01% |
96,000
-631,500
| -87% | -$16.1M |
|
2022
Northwest Bancshares
NWBI
$2.3B
| $1.92M | ﹤0.01% |
165,742
-11,777
| -7% | -$172K |
|
|
PFNX
2023
DELISTED
Pfenex Inc.
PFNX
| $1.92M | ﹤0.01% |
217,199
-4,195
| -2% | -$46.1K |
|
2024
ScottsMiracle-Gro
SMG
$3.82B
| $1.91M | ﹤0.01% |
18,669
-53,639
| -74% | -$5.9M |
|
2025
Celsius Holdings
CELH
$7.47B
| $1.91M | ﹤0.01% |
1,359,735
+52,452
| +4% | +$92.6K |
|
Similar funds
Millennium Management's Q1 2020 Portfolio in Review
As of Q1 2020, Millennium Management held 4,928 positions worth $44.5B, down 44% from $79.9B the previous quarter. Its ten largest holdings account for 18% of the portfolio.
Millennium Management withdrew a net $21.4B in Q1 2020, closing 1,154 positions and reducing 1,745 holdings. Its most notable exit was Becton Dickinson, an estimated $152M position sold in full.
By sector, the portfolio is most concentrated in Healthcare at 11% of assets, up from 9.7% a quarter earlier, followed by Technology and Financials.
Against the trend, Millennium Management opened a new position in Danaher worth $133M.
- Millennium Management's largest Q1 2020 buy was Danaher: 1,082,448 shares worth $133M.
- Millennium Management added most to Allergan plc in Q1 2020, an estimated $200M increase.
- Millennium Management's biggest Q1 2020 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $3.89B.
- Millennium Management fully exited Becton Dickinson in Q1 2020, selling an estimated $152M.
- Millennium Management's ten largest holdings make up 18% of its $44.5B portfolio in Q1 2020.
- Millennium Management opened 789 new positions and closed 1,154 in Q1 2020.
- Millennium Management's portfolio value fell 44% quarter-over-quarter to $44.5B.
Based on Millennium Management's 13F filing for Q1 2020, filed 14 May 2020.