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 | |
|---|---|---|---|---|---|---|
|
VAPO
2026
DELISTED
Vapotherm, Inc. Common Stock
VAPO
| $3.59M | 0.01% |
47,434
+45,968
| +3,136% | +$5.34M |
|
2027
PUT
Honeywell
HON
$76.4B
| $3.59M | 0.01% |
75,543
+14,854
| +24% | +$2.36M |
|
2028
Aflac
AFL
$65.5B
| $3.58M | 0.01% |
68,538
+4,691
| +7% | +$248K |
|
|
ARQL
2029
CALL
DELISTED
Arqule Inc
ARQL
| $3.58M | 0.01% |
+500,000
| New | +$4.7M |
|
2030
AGCO
AGCO
$8.41B
| $3.57M | 0.01% |
47,221
-32,033
| -40% | -$2.35M |
|
2031
Chemours
CC
$2.48B
| $3.57M | 0.01% |
239,232
-433,200
| -64% | -$7.05M |
|
2032
UFP Industries
UFPI
$4.95B
| $3.57M | 0.01% |
+89,523
| New | +$3.48M |
|
2033
CALL
NetEase
NTES
$83B
| $3.54M | 0.01% |
+66,500
| New | +$3.38M |
|
|
INVX
2034
Innovex International
INVX
$1.8B
| $3.54M | 0.01% |
70,467
+8,135
| +13% | +$397K |
|
|
DBD
2035
DELISTED
Diebold Nixdorf Incorporated
DBD
| $3.53M | 0.01% |
315,571
-496,928
| -61% | -$5.88M |
|
2036
iShares 5-10 Year Investment Grade Corporate Bond ETF
IGIB
$18.5B
| $3.52M | 0.01% |
60,860
+14,978
| +33% | +$861K |
|
|
GTS
2037
DELISTED
Triple-S Management Corporation
GTS
| $3.52M | 0.01% |
263,002
+216,808
| +469% | +$4.63M |
|
2038
PUT
General Mills
GIS
$20.2B
| $3.52M | 0.01% |
63,900
+400
| +0.6% | +$21.6K |
|
2039
LiveRamp
RAMP
$2.29B
| $3.52M | 0.01% |
81,902
-184,637
| -69% | -$8.58M |
|
|
MITT
2040
TPG Mortgage Investment Trust
MITT
$228M
| $3.52M | 0.01% |
77,395
-53,647
| -41% | -$2.53M |
|
2041
Strategy Inc
MSTR
$34.1B
| $3.52M | 0.01% |
+236,960
| New | +$3.25M |
|
|
SAGE
2042
CALL
DELISTED
Sage Therapeutics
SAGE
| $3.51M | 0.01% |
+25,000
| New | +$4.18M |
|
|
HAYN
2043
DELISTED
Haynes International, Inc.
HAYN
| $3.5M | 0.01% |
97,685
-56,454
| -37% | -$1.79M |
|
2044
Beazer Homes USA
BZH
$888M
| $3.5M | 0.01% |
+234,654
| New | +$2.83M |
|
|
STEL
2045
DELISTED
Stellar Bancorp
STEL
| $3.48M | 0.01% |
125,017
-87,397
| -41% | -$2.49M |
|
|
SP
2046
DELISTED
SP Plus Corporation
SP
| $3.48M | 0.01% |
94,104
-123,110
| -57% | -$4.29M |
|
2047
Adtran
ADTN
$675M
| $3.47M | 0.01% |
305,790
-473,861
| -61% | -$5.63M |
|
2048
WisdomTree Europe Hedged Equity Fund
HEDJ
$1.81B
| $3.46M | 0.01% |
+103,008
| New | +$3.39M |
|
2049
Globant
GLOB
$1.65B
| $3.45M | 0.01% |
37,724
+21,604
| +134% | +$2.15M |
|
|
MRO
2050
PUT
DELISTED
Marathon Oil Corporation
MRO
| $3.45M | 0.01% |
281,500
-73,500
| -21% | -$950K |
|
Similar funds
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.