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 | |
|---|---|---|---|---|---|---|
2026
Regenxbio
RGNX
$616M
| $4.32M | 0.01% |
+105,496
| New | +$4.17M |
|
|
ACBI
2027
DELISTED
Atlantic Capital Bancshares, Inc. Common Stock
ACBI
| $4.32M | 0.01% |
235,288
+55,234
| +31% | +$1.01M |
|
2028
ePlus
PLUS
$2.43B
| $4.32M | 0.01% |
102,402
-180,160
| -64% | -$7.34M |
|
|
NAV
2029
DELISTED
Navistar International
NAV
| $4.31M | 0.01% |
148,996
+132,880
| +825% | +$4.09M |
|
2030
CALL
CF Industries
CF
$19.6B
| $4.3M | 0.01% |
+90,000
| New | +$4.21M |
|
|
ALLK
2031
DELISTED
Allakos
ALLK
| $4.29M | 0.01% |
45,010
-17,094
| -28% | -$1.5M |
|
2032
Brookfield
BN
$102B
| $4.29M | 0.01% |
+208,089
| New | +$4.15M |
|
2033
Electronic Arts
EA
$52.4B
| $4.29M | 0.01% |
39,873
-26,942
| -40% | -$2.67M |
|
|
CIO
2034
DELISTED
City Office REIT
CIO
| $4.28M | 0.01% |
316,217
+11,791
| +4% | +$157K |
|
2035
iShares MSCI Emerging Markets Min Vol Factor ETF
EEMV
$3.36B
| $4.27M | 0.01% |
+72,785
| New | +$4.22M |
|
|
TCDA
2036
DELISTED
Tricida, Inc. Common Stock
TCDA
| $4.27M | 0.01% |
113,094
+78,979
| +232% | +$2.94M |
|
2037
Onto Innovation
ONTO
$10.9B
| $4.26M | 0.01% |
116,733
+88,942
| +320% | +$3.02M |
|
2038
CALL
Halliburton
HAL
$26.1B
| $4.26M | 0.01% |
174,000
-346,000
| -67% | -$7.29M |
|
|
SMAR
2039
DELISTED
Smartsheet Inc.
SMAR
| $4.26M | 0.01% |
94,792
+82,124
| +648% | +$3.4M |
|
2040
Bloom Energy
BE
$46.6B
| $4.25M | 0.01% |
569,080
-1,750,444
| -75% | -$8.49M |
|
|
VTLE
2041
DELISTED
Vital Energy
VTLE
| $4.25M | 0.01% |
74,019
-184,575
| -71% | -$8.95M |
|
2042
FNB Corp
FNB
$6.76B
| $4.25M | 0.01% |
334,331
-1,746,288
| -84% | -$21.4M |
|
2043
Akebia Therapeutics
AKBA
$338M
| $4.24M | 0.01% |
671,058
+622,424
| +1,280% | +$2.96M |
|
2044
CALL
BioMarin Pharmaceuticals
BMRN
$11.9B
| $4.23M | 0.01% |
50,000
-150,000
| -75% | -$11.3M |
|
2045
Synchrony
SYF
$24.4B
| $4.22M | 0.01% |
117,244
-933,728
| -89% | -$33.4M |
|
|
CHA
2046
DELISTED
China Telecom Corporation, LTD
CHA
| $4.21M | 0.01% |
102,292
+85,657
| +515% | +$3.59M |
|
|
MRC
2047
DELISTED
MRC Global
MRC
| $4.21M | 0.01% |
308,419
+63,588
| +26% | +$829K |
|
2048
CALL
Entergy
ETR
$50.3B
| $4.21M | 0.01% |
+70,200
| New | +$4.14M |
|
2049
Landstar System
LSTR
$6.03B
| $4.2M | 0.01% |
36,883
+19,389
| +111% | +$2.19M |
|
|
BSMX
2050
DELISTED
Banco Santander México, S, A., Institución de Banca Múltiple, Grupo Financiero Santander México
BSMX
| $4.18M | 0.01% |
617,058
+583,794
| +1,755% | +$3.88M |
|
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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.