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 | |
|---|---|---|---|---|---|---|
2126
Sprout Social
SPT
$530M
| $3.79M | ﹤0.01% |
+236,147
| New | +$3.83M |
|
2127
HNI Corp
HNI
$3.08B
| $3.77M | ﹤0.01% |
100,554
-234,779
| -70% | -$8.97M |
|
2128
Assured Guaranty
AGO
$3.73B
| $3.75M | ﹤0.01% |
76,549
+36,396
| +91% | +$1.74M |
|
2129
Bank of Marin Bancorp
BMRC
$460M
| $3.75M | ﹤0.01% |
83,124
-53,544
| -39% | -$2.37M |
|
2130
PUT
ICU Medical
ICUI
$4.16B
| $3.74M | ﹤0.01% |
20,000
+10,000
| +100% | +$1.72M |
|
2131
CALL
APA Corp
APA
$13B
| $3.74M | ﹤0.01% |
146,000
-554,000
| -79% | -$12.5M |
|
|
VAPO
2132
DELISTED
Vapotherm, Inc. Common Stock
VAPO
| $3.73M | ﹤0.01% |
38,378
-9,056
| -19% | -$764K |
|
2133
Dolby
DLB
$4.97B
| $3.73M | ﹤0.01% |
54,156
+36,042
| +199% | +$2.38M |
|
|
FTR
2134
DELISTED
Frontier Communications Corp.
FTR
| $3.73M | ﹤0.01% |
4,188,308
+4,015,411
| +2,322% | +$3.27M |
|
2135
Varonis Systems
VRNS
$4.67B
| $3.72M | ﹤0.01% |
143,475
-149,046
| -51% | -$3.54M |
|
2136
PUT
Hartford Financial Services
HIG
$39.9B
| $3.71M | ﹤0.01% |
+61,000
| New | +$3.66M |
|
2137
Murphy Oil
MUR
$5.55B
| $3.71M | ﹤0.01% |
138,316
-33,730
| -20% | -$774K |
|
2138
Progyny
PGNY
$2.46B
| $3.71M | ﹤0.01% |
+135,029
| New | +$3.24M |
|
|
CNCE
2139
DELISTED
Concert Pharmaceuticals, Inc.
CNCE
| $3.71M | ﹤0.01% |
401,630
+33,305
| +9% | +$236K |
|
2140
Glacier Bancorp
GBCI
$6.36B
| $3.7M | ﹤0.01% |
80,382
-50,935
| -39% | -$2.2M |
|
2141
CALL
TJX Companies
TJX
$179B
| $3.69M | ﹤0.01% |
60,500
-39,500
| -40% | -$2.34M |
|
|
JBTM
2142
JBT Marel
JBTM
$7.35B
| $3.69M | ﹤0.01% |
32,790
+25,574
| +354% | +$2.74M |
|
2143
iShares Russell 1000 Value ETF
IWD
$81.4B
| $3.69M | ﹤0.01% |
27,056
-89,845
| -77% | -$11.8M |
|
2144
Cooper-Standard Automotive
CPS
$517M
| $3.69M | ﹤0.01% |
111,175
+50,190
| +82% | +$1.63M |
|
2145
Eagle Bancorp
EGBN
$850M
| $3.67M | ﹤0.01% |
75,515
-280,923
| -79% | -$12.7M |
|
2146
GDS Holdings
GDS
$5.93B
| $3.67M | ﹤0.01% |
71,191
+56,131
| +373% | +$2.52M |
|
2147
Freeport-McMoran
FCX
$86.2B
| $3.67M | ﹤0.01% |
279,458
-1,589,411
| -85% | -$17.4M |
|
2148
Talos Energy
TALO
$2.38B
| $3.66M | ﹤0.01% |
121,306
-201,210
| -62% | -$4.7M |
|
2149
Madison Square Garden
MSGS
$9.59B
| $3.64M | ﹤0.01% |
17,368
+4,314
| +33% | +$846K |
|
2150
Direxion Daily Gold Miners Index Bull 2X ETF
NUGT
$840M
| $3.64M | ﹤0.01% |
20,912
+17,010
| +436% | +$2.46M |
|
Similar funds
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.