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 | |
|---|---|---|---|---|---|---|
|
MGLN
2276
CALL
DELISTED
Magellan Health Services, Inc.
MGLN
| $3.13M | ﹤0.01% |
+40,000
| New | +$2.81M |
|
|
FFG
2277
DELISTED
FBL Financial Group
FFG
| $3.13M | ﹤0.01% |
53,103
+39,539
| +291% | +$2.28M |
|
2278
Chewy
CHWY
$9.54B
| $3.12M | ﹤0.01% |
107,718
+7,126
| +7% | +$182K |
|
2279
CALL
Oneok
OKE
$56.7B
| $3.12M | ﹤0.01% |
41,200
+1,500
| +4% | +$107K |
|
|
DBVT
2280
DBV Technologies
DBVT
$813M
| $3.12M | ﹤0.01% |
+29,124
| New | +$2.33M |
|
2281
Navigator Holdings
NVGS
$1.35B
| $3.11M | ﹤0.01% |
230,637
+197,712
| +600% | +$2.34M |
|
2282
PUT
ResMed
RMD
$31.1B
| $3.1M | ﹤0.01% |
20,000
+10,000
| +100% | +$1.44M |
|
|
IOTS
2283
DELISTED
Adesto Technologies Corp
IOTS
| $3.1M | ﹤0.01% |
364,280
-199,392
| -35% | -$1.57M |
|
|
GLOG
2284
DELISTED
GASLOG LTD
GLOG
| $3.09M | ﹤0.01% |
316,012
+83,951
| +36% | +$955K |
|
|
TEN
2285
Tsakos Energy Navigation Ltd
TEN
$1.19B
| $3.09M | ﹤0.01% |
141,780
+134,906
| +1,963% | +$2.47M |
|
|
LVOXU
2286
DELISTED
LiveVox Holding, Inc. Unit
LVOXU
| $3.09M | ﹤0.01% |
300,000
| – | – |
|
2287
F5
FFIV
$22B
| $3.08M | ﹤0.01% |
22,083
-243,202
| -92% | -$34.3M |
|
2288
Invesco S&P 500 Equal Weight ETF
RSP
$97.3B
| $3.08M | ﹤0.01% |
26,615
+4,914
| +23% | +$546K |
|
2289
WD-40
WDFC
$2.98B
| $3.08M | ﹤0.01% |
15,862
+5,541
| +54% | +$1.04M |
|
2290
Collegium Pharmaceutical
COLL
$1.18B
| $3.08M | ﹤0.01% |
+149,575
| New | +$2.49M |
|
2291
CALL
Howmet Aerospace
HWM
$109B
| $3.08M | ﹤0.01% |
130,400
-130,400
| -50% | -$2.91M |
|
2292
Donnelley Financial Solutions
DFIN
$1.28B
| $3.07M | ﹤0.01% |
293,599
+243,555
| +487% | +$2.55M |
|
2293
California Water Service
CWT
$3.1B
| $3.07M | ﹤0.01% |
59,563
+41,580
| +231% | +$2.17M |
|
2294
iShares US Home Construction ETF
ITB
$2.32B
| $3.07M | ﹤0.01% |
69,111
-88,542
| -56% | -$3.95M |
|
|
LKFT
2295
Lakefront Biotherapeutics American Depositary Shares
LKFT
$1.82B
| $3.07M | ﹤0.01% |
+14,827
| New | +$2.74M |
|
2296
Sixth Street Specialty
TSLX
$1.67B
| $3.06M | ﹤0.01% |
142,653
-195,091
| -58% | -$4.15M |
|
|
HFRO
2297
Highland Opportunities and Income Fund
HFRO
$407M
| $3.05M | ﹤0.01% |
+245,261
| New | +$2.95M |
|
|
SAQNU
2298
DELISTED
Software Acquisition Group Inc. Unit
SAQNU
| $3.05M | ﹤0.01% |
+300,000
| New | +$3.03M |
|
2299
CALL
Axalta
AXTA
$7.45B
| $3.04M | ﹤0.01% |
100,000
-561,300
| -85% | -$16.5M |
|
2300
Walker & Dunlop
WD
$1.73B
| $3.04M | ﹤0.01% |
46,994
+34,887
| +288% | +$2.21M |
|
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.