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 | |
|---|---|---|---|---|---|---|
|
CGC
2101
Canopy Growth
CGC
$376M
| $3.93M | ﹤0.01% |
18,623
+14,486
| +350% | +$2.88M |
|
2102
iShares Select Dividend ETF
DVY
$23.8B
| $3.92M | ﹤0.01% |
37,144
+13,510
| +57% | +$1.39M |
|
2103
iShares S&P 500 Growth ETF
IVW
$70.5B
| $3.92M | ﹤0.01% |
+81,076
| New | +$3.76M |
|
2104
CALL
Idexx Laboratories
IDXX
$44.9B
| $3.92M | ﹤0.01% |
15,000
+13,000
| +650% | +$3.43M |
|
2105
Bank OZK
OZK
$5.63B
| $3.91M | ﹤0.01% |
128,283
-295,064
| -70% | -$8.65M |
|
2106
Carlyle Secured Lending
CGBD
$708M
| $3.91M | ﹤0.01% |
+291,916
| New | +$4.04M |
|
|
PNNT
2107
Pennant Park Investment Corp
PNNT
$220M
| $3.9M | ﹤0.01% |
596,933
+108,040
| +22% | +$672K |
|
2108
Hudbay
HBM
$9.76B
| $3.9M | ﹤0.01% |
938,958
+705,880
| +303% | +$2.55M |
|
2109
CALL
Lockheed Martin
LMT
$131B
| $3.89M | ﹤0.01% |
+10,000
| New | +$3.84M |
|
|
RCM
2110
CALL
DELISTED
R1 RCM Inc. Common Stock
RCM
| $3.89M | ﹤0.01% |
300,000
+125,000
| +71% | +$1.43M |
|
2111
Celularity
CELU
$19.4M
| $3.89M | ﹤0.01% |
+39,072
| New | +$3.87M |
|
|
RETA
2112
CALL
DELISTED
Reata Pharmaceuticals, Inc. Class A Common Stock
RETA
| $3.88M | ﹤0.01% |
19,000
+2,000
| +12% | +$365K |
|
2113
Mohawk Industries
MHK
$6.91B
| $3.88M | ﹤0.01% |
28,461
+19,190
| +207% | +$2.61M |
|
|
FRGI
2114
DELISTED
Fiesta Restaurant Group, Inc.
FRGI
| $3.88M | ﹤0.01% |
392,106
+26,320
| +7% | +$248K |
|
|
BKCC
2115
DELISTED
BlackRock Capital Investment Corporation
BKCC
| $3.88M | ﹤0.01% |
780,424
+763,097
| +4,404% | +$3.75M |
|
2116
Capitol Federal Financial
CFFN
$1.09B
| $3.86M | ﹤0.01% |
281,365
-8,813
| -3% | -$124K |
|
2117
NewtekOne
NEWT
$426M
| $3.86M | ﹤0.01% |
170,452
+93,776
| +122% | +$2.11M |
|
2118
Harmony Gold Mining
HMY
$9.7B
| $3.85M | ﹤0.01% |
1,061,252
-1,872,796
| -64% | -$6.01M |
|
2119
Direxion Daily MSCI Brazil Bull 2X ETF
BRZU
$98.6M
| $3.85M | ﹤0.01% |
+2,835
| New | +$3.01M |
|
2120
Hain Celestial
HAIN
$44.6M
| $3.85M | ﹤0.01% |
148,298
-10,813
| -7% | -$258K |
|
2121
LyondellBasell Industries
LYB
$19.5B
| $3.85M | ﹤0.01% |
40,707
-368,187
| -90% | -$33.7M |
|
2122
PTC Therapeutics
PTCT
$6.18B
| $3.83M | ﹤0.01% |
79,841
-119,038
| -60% | -$5.06M |
|
2123
Kearny Financial
KRNY
$604M
| $3.83M | ﹤0.01% |
277,192
+20,673
| +8% | +$286K |
|
|
TWTR
2124
DELISTED
Twitter, Inc.
TWTR
| $3.81M | ﹤0.01% |
118,978
-21,390
| -15% | -$704K |
|
2125
Grupo Aval
AVAL
$5.82B
| $3.81M | ﹤0.01% |
436,840
+144,220
| +49% | +$1.16M |
|
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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.