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 | |
|---|---|---|---|---|---|---|
2026
Cameco
CCJ
$39.1B
| $1.9M | ﹤0.01% |
249,188
+212,802
| +585% | +$1.74M |
|
|
PING
2027
DELISTED
Ping Identity Holding Corp.
PING
| $1.9M | ﹤0.01% |
+95,023
| New | +$2.21M |
|
2028
BCE
BCE
$20.3B
| $1.9M | ﹤0.01% |
46,483
+29,714
| +177% | +$1.33M |
|
2029
CALL
United Therapeutics
UTHR
$21.9B
| $1.9M | ﹤0.01% |
20,000
-80,000
| -80% | -$7.6M |
|
2030
ATN International
ATNI
$379M
| $1.9M | ﹤0.01% |
+32,300
| New | +$1.83M |
|
2031
Oppenheimer Holdings
OPY
$1.21B
| $1.89M | ﹤0.01% |
95,867
+64,855
| +209% | +$1.58M |
|
2032
Vishay Intertechnology
VSH
$5.43B
| $1.89M | ﹤0.01% |
131,424
-22,161
| -14% | -$419K |
|
|
HTT
2033
High Templar Tech Ltd
HTT
$391M
| $1.89M | ﹤0.01% |
1,046,954
+1,016,755
| +3,367% | +$2.86M |
|
2034
Regional Management Corp
RM
$320M
| $1.88M | ﹤0.01% |
137,909
-53,229
| -28% | -$1.31M |
|
2035
The Joint Corp
JYNT
$117M
| $1.88M | ﹤0.01% |
173,566
-72,087
| -29% | -$1.06M |
|
|
TCDA
2036
DELISTED
Tricida, Inc. Common Stock
TCDA
| $1.88M | ﹤0.01% |
85,563
-27,531
| -24% | -$884K |
|
2037
Tyler Technologies
TYL
$12.5B
| $1.88M | ﹤0.01% |
+6,339
| New | +$1.96M |
|
|
LVOX
2038
DELISTED
LiveVox Holding, Inc. Class A Common Stock
LVOX
| $1.88M | ﹤0.01% |
190,800
+139,565
| +272% | +$1.39M |
|
2039
First Busey Corp
BUSE
$2.6B
| $1.88M | ﹤0.01% |
109,751
-150,037
| -58% | -$3.47M |
|
2040
CALL
Baidu
BIDU
$38.3B
| $1.88M | ﹤0.01% |
18,600
+15,000
| +417% | +$1.83M |
|
|
ARCH
2041
DELISTED
Arch Resources, Inc.
ARCH
| $1.87M | ﹤0.01% |
64,596
-29,939
| -32% | -$1.53M |
|
2042
Western Union
WU
$2.04B
| $1.86M | ﹤0.01% |
102,890
-15,517
| -13% | -$380K |
|
2043
CALL
ServiceNow
NOW
$118B
| $1.86M | ﹤0.01% |
+32,500
| New | +$2.03M |
|
2044
TriCo Bancshares
TCBK
$1.86B
| $1.86M | ﹤0.01% |
62,433
-83,982
| -57% | -$2.94M |
|
|
CYBE
2045
DELISTED
Cyberoptics Corp
CYBE
| $1.86M | ﹤0.01% |
+108,747
| New | +$2.21M |
|
|
PLYM
2046
DELISTED
Plymouth Industrial REIT
PLYM
| $1.86M | ﹤0.01% |
166,585
+114,432
| +219% | +$1.96M |
|
2047
Hess Midstream
HESM
$5.23B
| $1.85M | ﹤0.01% |
182,301
+161,593
| +780% | +$3.04M |
|
2048
Gorman-Rupp
GRC
$2.19B
| $1.85M | ﹤0.01% |
59,318
+49,943
| +533% | +$1.69M |
|
|
ALLK
2049
DELISTED
Allakos
ALLK
| $1.85M | ﹤0.01% |
41,555
-3,455
| -8% | -$236K |
|
2050
Resideo Technologies
REZI
$5.49B
| $1.85M | ﹤0.01% |
+381,815
| New | +$3.6M |
|
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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.