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 | |
|---|---|---|---|---|---|---|
2326
Employers Holdings
EIG
$907M
| $2.95M | ﹤0.01% |
70,602
-98,702
| -58% | -$4.19M |
|
2327
iHeartMedia
IHRT
$531M
| $2.94M | ﹤0.01% |
+174,199
| New | +$2.64M |
|
2328
Thermo Fisher Scientific
TMO
$214B
| $2.94M | ﹤0.01% |
9,043
-650
| -7% | -$197K |
|
|
EFT
2329
Eaton Vance Floating-Rate Income Trust
EFT
$283M
| $2.93M | ﹤0.01% |
213,643
+198,870
| +1,346% | +$2.66M |
|
2330
Vertiv
VRT
$85.9B
| $2.93M | ﹤0.01% |
+265,673
| New | +$2.77M |
|
2331
M/I Homes
MHO
$3.95B
| $2.92M | ﹤0.01% |
74,313
-178,243
| -71% | -$7.46M |
|
2332
iShare MSCI Eurozone ETF
EZU
$9.38B
| $2.92M | ﹤0.01% |
69,721
+13,554
| +24% | +$549K |
|
|
PGTI
2333
DELISTED
PGT, Inc.
PGTI
| $2.92M | ﹤0.01% |
195,998
-140,665
| -42% | -$2.24M |
|
2334
Zscaler
ZS
$24.9B
| $2.92M | ﹤0.01% |
+62,815
| New | +$2.92M |
|
|
AGEN
2335
Agenus
AGEN
$276M
| $2.92M | ﹤0.01% |
36,549
-1,688
| -4% | -$113K |
|
2336
Magna International
MGA
$18.8B
| $2.92M | ﹤0.01% |
+53,211
| New | +$2.88M |
|
2337
Globe Life
GL
$14B
| $2.92M | ﹤0.01% |
27,699
+21,501
| +347% | +$2.14M |
|
|
VTA
2338
DELISTED
INVESCO DYNAMIC CREDIT OPPORTUNITIES FUND
VTA
| $2.91M | ﹤0.01% |
+256,527
| New | +$2.84M |
|
2339
Applied Industrial Technologies
AIT
$12.4B
| $2.91M | ﹤0.01% |
43,608
-271,127
| -86% | -$16.6M |
|
2340
Trade Desk
TTD
$8.97B
| $2.9M | ﹤0.01% |
111,830
-132,980
| -54% | -$2.99M |
|
2341
Benchmark Electronics
BHE
$2.66B
| $2.9M | ﹤0.01% |
84,459
+47,284
| +127% | +$1.56M |
|
2342
Pembina Pipeline
PBA
$29.3B
| $2.9M | ﹤0.01% |
+78,290
| New | +$2.8M |
|
2343
TTEC Holdings
TTEC
$124M
| $2.89M | ﹤0.01% |
+73,005
| New | +$3.2M |
|
2344
Beazer Homes USA
BZH
$888M
| $2.89M | ﹤0.01% |
204,366
-30,288
| -13% | -$459K |
|
|
LK
2345
DELISTED
Luckin Coffee Inc. American Depositary Shares
LK
| $2.88M | ﹤0.01% |
73,302
-907,158
| -93% | -$22.9M |
|
|
MANT
2346
DELISTED
Mantech International Corp
MANT
| $2.88M | ﹤0.01% |
36,091
-66,303
| -65% | -$4.97M |
|
|
ATVI
2347
CALL
DELISTED
Activision Blizzard
ATVI
| $2.88M | ﹤0.01% |
48,500
| – | – |
|
|
UBX
2348
DELISTED
Unity Biotechnology
UBX
| $2.88M | ﹤0.01% |
39,934
+18,667
| +88% | +$1.32M |
|
2349
Horizon Bancorp
HBNC
$1.06B
| $2.87M | ﹤0.01% |
151,224
+25,656
| +20% | +$471K |
|
2350
TFS Financial
TFSL
$5.11B
| $2.87M | ﹤0.01% |
145,575
+104,165
| +252% | +$2.01M |
|
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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.