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 |
L3Harris
LHX
|
+$282M |
| 2 |
Ameren
AEE
|
+$239M |
| 3 |
Restaurant Brands International
QSR
|
+$192M |
| 4 |
Lowe's Companies
LOW
|
+$190M |
| 5 |
Las Vegas Sands
LVS
|
+$164M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
LyondellBasell Industries
LYB
|
+$441M |
| 2 |
WP
Worldpay, Inc.
WP
|
+$429M |
| 3 |
LLL
L3 Technologies, Inc.
LLL
|
+$412M |
| 4 |
RHT
Red Hat Inc
RHT
|
+$399M |
| 5 |
APC
Anadarko Petroleum
APC
|
+$304M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 10.82% |
| 2 | Financials | 10.34% |
| 3 | Technology | 9.47% |
| 4 | Consumer Discretionary | 8.69% |
| 5 | Industrials | 8.57% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
XRN
2126
Chiron Real Estate Inc
XRN
$535M
| $3.08M | ﹤0.01% |
53,971
-14,329
| -21% | -$773K |
|
2127
Element Solutions
ESI
$8.48B
| $3.07M | ﹤0.01% |
301,802
+245,001
| +431% | +$2.41M |
|
2128
PUT
Conagra Brands
CAG
$7.42B
| $3.07M | ﹤0.01% |
+100,000
| New | +$2.88M |
|
2129
Realty Income
O
$61.1B
| $3.07M | ﹤0.01% |
41,289
-107,772
| -72% | -$7.56M |
|
|
PNNT
2130
Pennant Park Investment Corp
PNNT
$220M
| $3.06M | ﹤0.01% |
488,893
+287,847
| +143% | +$1.84M |
|
2131
Vanguard Short-Term Corporate Bond ETF
VCSH
$44.7B
| $3.06M | ﹤0.01% |
+37,792
| New | +$3.05M |
|
2132
Saia
SAIA
$10.5B
| $3.06M | ﹤0.01% |
+32,605
| New | +$2.59M |
|
|
LVOXU
2133
DELISTED
LiveVox Holding, Inc. Unit
LVOXU
| $3.04M | ﹤0.01% |
300,000
| – | – |
|
2134
Vermilion Energy
VET
$1.66B
| $3.04M | ﹤0.01% |
182,109
-43,773
| -19% | -$760K |
|
2135
Erie Indemnity
ERIE
$13B
| $3.04M | ﹤0.01% |
16,380
+13,642
| +498% | +$3.1M |
|
2136
CALL
Lennox International
LII
$15B
| $3.04M | ﹤0.01% |
+12,500
| New | +$3.22M |
|
2137
KT
KT
$8.74B
| $3.04M | ﹤0.01% |
268,509
-694,536
| -72% | -$8.02M |
|
|
ENV
2138
DELISTED
ENVESTNET, INC.
ENV
| $3.04M | ﹤0.01% |
53,535
-73,554
| -58% | -$4.64M |
|
|
HOME
2139
DELISTED
At Home Group Inc.
HOME
| $3.03M | ﹤0.01% |
315,229
-966,858
| -75% | -$6.6M |
|
|
NUAN
2140
DELISTED
Nuance Communications, Inc.
NUAN
| $3.03M | ﹤0.01% |
214,710
-114,315
| -35% | -$1.64M |
|
2141
PUT
HP
HPQ
$26B
| $3.02M | ﹤0.01% |
+159,700
| New | +$3.14M |
|
|
AVYA
2142
DELISTED
Avaya Holdings Corp. Common Stock
AVYA
| $3.02M | ﹤0.01% |
295,153
+90,223
| +44% | +$1.06M |
|
2143
CALL
Mondelez International
MDLZ
$83.4B
| $3.01M | ﹤0.01% |
54,500
+200
| +0.4% | +$10.9K |
|
|
UMH
2144
UMH Properties
UMH
$1.34B
| $3.01M | ﹤0.01% |
214,055
-40,377
| -16% | -$523K |
|
2145
State Street SPDR Nuveen ICE Short Term Municipal Bond ETF
SHM
$3.47B
| $3.01M | ﹤0.01% |
61,500
| – | – |
|
|
ESPR
2146
DELISTED
Esperion Therapeutics
ESPR
| $3M | ﹤0.01% |
81,987
-91,697
| -53% | -$3.63M |
|
|
FLOW
2147
DELISTED
SPX FLOW, Inc.
FLOW
| $2.99M | ﹤0.01% |
+75,886
| New | +$2.85M |
|
|
BID
2148
CALL
DELISTED
Sotheby's
BID
| $2.99M | ﹤0.01% |
+52,500
| New | +$3.04M |
|
2149
Cameco
CCJ
$36.8B
| $2.98M | ﹤0.01% |
314,176
+301,152
| +2,312% | +$2.83M |
|
2150
Aurinia Pharmaceuticals
AUPH
$1.95B
| $2.98M | ﹤0.01% |
558,459
+507,053
| +986% | +$3.07M |
|
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Millennium Management's Q3 2019 Portfolio in Review
As of Q3 2019, Millennium Management held 4,833 positions worth $63.3B, down 4.9% from $66.5B the previous quarter. Its ten largest holdings account for 7.2% of the portfolio.
Millennium Management's Q3 2019 filing shows 843 new, 1,522 increased, 1,651 reduced and 727 closed positions. Its largest new stake was L3Harris: 1,378,220 shares worth $288M. The largest sale was LyondellBasell Industries, an estimated $441M.
By sector, the portfolio is most concentrated in Healthcare at 11% of assets, down from 12% a quarter earlier, followed by Financials and Technology.
- Millennium Management's largest Q3 2019 buy was L3Harris: 1,378,220 shares worth $288M.
- Millennium Management added most to Ameren in Q3 2019, an estimated $239M increase.
- Millennium Management's biggest Q3 2019 reduction was LyondellBasell Industries, cutting an estimated $441M.
- Millennium Management fully exited Worldpay, Inc. in Q3 2019, selling an estimated $429M.
- Millennium Management's ten largest holdings make up 7.2% of its $63.3B portfolio in Q3 2019.
- Millennium Management opened 843 new positions and closed 727 in Q3 2019.
- Millennium Management's portfolio value fell 4.9% quarter-over-quarter to $63.3B.
Based on Millennium Management's 13F filing for Q3 2019, filed 14 Nov 2019.