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 | |
|---|---|---|---|---|---|---|
2226
CALL
Cummins
CMI
$83.6B
| $3.29M | ﹤0.01% |
18,400
-5,300
| -22% | -$933K |
|
2227
CALL
IQVIA
IQV
$40.7B
| $3.29M | ﹤0.01% |
+21,300
| New | +$3.11M |
|
2228
Select Water Solutions
WTTR
$2.22B
| $3.29M | ﹤0.01% |
354,522
+69,438
| +24% | +$561K |
|
2229
PUT
HP
HPQ
$26B
| $3.28M | ﹤0.01% |
159,700
| – | – |
|
2230
Marriott Vacations Worldwide
VAC
$3.53B
| $3.27M | ﹤0.01% |
25,435
-109
| -0.4% | -$12.8K |
|
|
HCACU
2231
DELISTED
Hennessy Capital Acquisition Corp. IV Unit
HCACU
| $3.27M | ﹤0.01% |
300,000
| – | – |
|
2232
Vishay Intertechnology
VSH
$4.6B
| $3.27M | ﹤0.01% |
153,585
-881,865
| -85% | -$17.1M |
|
2233
CALL
MacroGenics
MGNX
$233M
| $3.26M | ﹤0.01% |
300,000
| – | – |
|
2234
PUT
Neogen
NEOG
$2.05B
| $3.26M | ﹤0.01% |
100,000
+85,800
| +604% | +$2.82M |
|
2235
Gossamer Bio
GOSS
$101M
| $3.26M | ﹤0.01% |
+208,681
| New | +$4.2M |
|
2236
Hilltop Holdings
HTH
$2.26B
| $3.26M | ﹤0.01% |
130,761
-48,830
| -27% | -$1.19M |
|
2237
PUT
KeyCorp
KEY
$23.8B
| $3.26M | ﹤0.01% |
+161,000
| New | +$3.04M |
|
2238
STAAR Surgical
STAA
$1.19B
| $3.26M | ﹤0.01% |
92,631
+65,268
| +239% | +$2.15M |
|
|
TECX
2239
Tectonic Therapeutic
TECX
$536M
| $3.25M | ﹤0.01% |
+13,448
| New | +$2.59M |
|
2240
Chefs' Warehouse
CHEF
$4.31B
| $3.25M | ﹤0.01% |
+85,224
| New | +$3.1M |
|
2241
Celestica
CLS
$37.8B
| $3.25M | ﹤0.01% |
392,682
+371,982
| +1,797% | +$2.77M |
|
|
DCH
2242
Dauch Corp
DCH
$1.31B
| $3.24M | ﹤0.01% |
301,106
+167,423
| +125% | +$1.59M |
|
2243
CALL
CareDx
CDNA
$1.83B
| $3.24M | ﹤0.01% |
+150,000
| New | +$3.44M |
|
2244
Strategy Inc
MSTR
$34.1B
| $3.24M | ﹤0.01% |
226,870
-10,090
| -4% | -$150K |
|
2245
Federal Agricultural Mortgage
AGM
$2.32B
| $3.23M | ﹤0.01% |
38,734
+18,623
| +93% | +$1.55M |
|
2246
PUT
Arista Networks
ANET
$199B
| $3.23M | ﹤0.01% |
+254,400
| New | +$3.35M |
|
2247
Forum Energy Technologies
FET
$578M
| $3.23M | ﹤0.01% |
96,177
-193,394
| -67% | -$5.24M |
|
2248
Liberty Broadband Class C
LBRDK
$4.89B
| $3.23M | ﹤0.01% |
25,678
+18,241
| +245% | +$2.12M |
|
|
MRTX
2249
CALL
DELISTED
Mirati Therapeutics, Inc. Common Stock
MRTX
| $3.22M | ﹤0.01% |
25,000
-125,000
| -83% | -$12.1M |
|
|
SAFE
2250
Safehold
SAFE
$1.17B
| $3.21M | ﹤0.01% |
45,487
-188,298
| -81% | -$11.9M |
|
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.