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 | |
|---|---|---|---|---|---|---|
|
SVC
2101
Service Properties Trust
SVC
$1.01B
| $1.68M | ﹤0.01% |
62,325
+54,150
| +662% | +$4.86M |
|
2102
PUT
Baxter International
BAX
$14.2B
| $1.68M | ﹤0.01% |
20,700
-79,300
| -79% | -$6.84M |
|
|
EXK
2103
Endeavour Silver
EXK
$2.41B
| $1.68M | ﹤0.01% |
1,253,054
-435,356
| -26% | -$804K |
|
2104
Graham Holdings Company
GHC
$5.11B
| $1.67M | ﹤0.01% |
4,895
+4,509
| +1,168% | +$2.29M |
|
2105
Hilton Grand Vacations
HGV
$3.55B
| $1.67M | ﹤0.01% |
105,918
+6,072
| +6% | +$167K |
|
2106
Coca-Cola Europacific Partners
CCEP
$45.8B
| $1.67M | ﹤0.01% |
44,436
-717,379
| -94% | -$34.9M |
|
|
PFC
2107
DELISTED
Premier Financial Corp. Common Stock
PFC
| $1.67M | ﹤0.01% |
113,048
+28,340
| +33% | +$722K |
|
2108
Scholastic
SCHL
$794M
| $1.67M | ﹤0.01% |
65,332
+41,528
| +174% | +$1.35M |
|
2109
KKR & Co
KKR
$95.7B
| $1.66M | ﹤0.01% |
70,882
-1,227,360
| -95% | -$35.2M |
|
2110
Red Violet
RDVT
$983M
| $1.66M | ﹤0.01% |
92,360
+66,116
| +252% | +$1.36M |
|
2111
CALL
BP
BP
$109B
| $1.66M | ﹤0.01% |
+68,000
| New | +$2.2M |
|
|
FFIC
2112
DELISTED
Flushing Financial
FFIC
| $1.66M | ﹤0.01% |
124,166
+111,801
| +904% | +$2.05M |
|
2113
CALL
Texas Instruments
TXN
$254B
| $1.66M | ﹤0.01% |
16,600
-57,400
| -78% | -$6.89M |
|
2114
Autoliv
ALV
$8.93B
| $1.65M | ﹤0.01% |
35,932
-155,327
| -81% | -$10.7M |
|
2115
Omega Healthcare
OHI
$14.3B
| $1.65M | ﹤0.01% |
62,252
+57,149
| +1,120% | +$2.17M |
|
2116
Scansource
SCSC
$1.18B
| $1.65M | ﹤0.01% |
77,134
+15,826
| +26% | +$462K |
|
|
GSMGW
2117
CALL
DELISTED
Cheer Holding, Inc. Warrant expiring 2/13/2025
GSMGW
| $1.65M | ﹤0.01% |
+400,000
| New | +$16.6K |
|
2118
Installed Building Products
IBP
$6.21B
| $1.64M | ﹤0.01% |
41,223
-132,505
| -76% | -$8.58M |
|
|
SWTX
2119
DELISTED
SpringWorks Therapeutics
SWTX
| $1.64M | ﹤0.01% |
60,760
+55,037
| +962% | +$1.79M |
|
|
NWLI
2120
DELISTED
National Western Life Group, Inc. Class A
NWLI
| $1.64M | ﹤0.01% |
+9,542
| New | +$2.34M |
|
2121
Acco Brands
ACCO
$395M
| $1.64M | ﹤0.01% |
324,706
+36,649
| +13% | +$290K |
|
2122
Cadiz
CDZI
$262M
| $1.64M | ﹤0.01% |
+140,321
| New | +$1.37M |
|
2123
PUT
PNC Financial Services
PNC
$101B
| $1.64M | ﹤0.01% |
17,100
-167,500
| -91% | -$22.5M |
|
2124
GFL Environmental
GFL
$14.9B
| $1.64M | ﹤0.01% |
+108,732
| New | +$1.71M |
|
2125
Bio-Techne
TECH
$11.2B
| $1.64M | ﹤0.01% |
34,504
+7,192
| +26% | +$360K |
|
Similar funds
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.