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 | |
|---|---|---|---|---|---|---|
2076
MYR Group
MYRG
$5.26B
| $1.76M | ﹤0.01% |
67,198
-43,935
| -40% | -$1.23M |
|
|
HOLX
2077
CALL
DELISTED
Hologic
HOLX
| $1.75M | ﹤0.01% |
50,000
-320,000
| -86% | -$15.2M |
|
|
QIWI
2078
DELISTED
QIWI PLC
QIWI
| $1.75M | ﹤0.01% |
163,527
+128,640
| +369% | +$2.2M |
|
|
PTR
2079
DELISTED
PETROCHINA COMPANY LIMITED ADS (REP 100 H SHARES)
PTR
| $1.74M | ﹤0.01% |
48,446
-128,201
| -73% | -$5.39M |
|
|
KSU
2080
CALL
DELISTED
Kansas City Southern
KSU
| $1.74M | ﹤0.01% |
13,700
-1,900
| -12% | -$290K |
|
2081
Tronox
TROX
$909M
| $1.74M | ﹤0.01% |
348,715
-529,674
| -60% | -$4.39M |
|
2082
PUT
HP
HPQ
$24.8B
| $1.74M | ﹤0.01% |
100,000
-59,700
| -37% | -$1.21M |
|
2083
Enel Chile
ENIC
$6.24B
| $1.73M | ﹤0.01% |
521,992
-1,495,244
| -74% | -$6.6M |
|
|
HEES
2084
DELISTED
H&E Equipment Services
HEES
| $1.73M | ﹤0.01% |
117,997
+60,981
| +107% | +$1.48M |
|
|
EGOV
2085
DELISTED
NIC Inc
EGOV
| $1.73M | ﹤0.01% |
75,325
+16,383
| +28% | +$334K |
|
2086
Gray Television
GTN
$434M
| $1.73M | ﹤0.01% |
161,097
-342,825
| -68% | -$6.2M |
|
2087
LKQ Corp
LKQ
$5.91B
| $1.73M | ﹤0.01% |
84,203
-480,377
| -85% | -$14.2M |
|
2088
Barclays
BCS
$93.8B
| $1.72M | ﹤0.01% |
379,507
-103,293
| -21% | -$798K |
|
2089
Hooker Furnishings Corp
HOFT
$160M
| $1.72M | ﹤0.01% |
110,122
+41,924
| +61% | +$863K |
|
2090
Anika Therapeutics
ANIK
$277M
| $1.71M | ﹤0.01% |
59,236
-36,778
| -38% | -$1.49M |
|
|
GOGL
2091
DELISTED
Golden Ocean Group
GOGL
| $1.71M | ﹤0.01% |
547,291
-452,838
| -45% | -$1.91M |
|
2092
CALL
Delta Air Lines
DAL
$60.2B
| $1.71M | ﹤0.01% |
59,900
-79,300
| -57% | -$3.93M |
|
|
NPTN
2093
DELISTED
NEOPHOTONICS CORP
NPTN
| $1.71M | ﹤0.01% |
235,703
+185,308
| +368% | +$1.37M |
|
2094
PUT
Chubb
CB
$134B
| $1.7M | ﹤0.01% |
15,200
+11,200
| +280% | +$1.61M |
|
|
LM
2095
DELISTED
Legg Mason, Inc.
LM
| $1.69M | ﹤0.01% |
34,681
-469,321
| -93% | -$20.5M |
|
2096
CALL
L3Harris
LHX
$51.7B
| $1.69M | ﹤0.01% |
+9,400
| New | +$1.93M |
|
2097
Carnival Corporation Ltd
CCL
$39.4B
| $1.69M | ﹤0.01% |
128,437
-1,579,404
| -92% | -$56.2M |
|
2098
Xencor
XNCR
$1.44B
| $1.69M | ﹤0.01% |
+56,588
| New | +$1.87M |
|
2099
Chefs' Warehouse
CHEF
$4.54B
| $1.69M | ﹤0.01% |
167,477
+82,253
| +97% | +$2.44M |
|
|
AHRT
2100
AH Realty Trust
AHRT
$527M
| $1.69M | ﹤0.01% |
+157,441
| New | +$2.55M |
|
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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.