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 |
AGN
Allergan plc
AGN
|
+$200M |
| 2 |
Danaher
DHR
|
+$146M |
| 3 |
iShares 1-5 Year Investment Grade Corporate Bond ETF
IGSB
|
+$138M |
| 4 |
Procter & Gamble
PG
|
+$122M |
| 5 |
RDS.B
Royal Dutch Shell PLC ADS Class B
RDS.B
|
+$109M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$3.89B |
| 2 |
Microsoft
MSFT
|
+$380M |
| 3 |
Alibaba
BABA
|
+$352M |
| 4 |
Wells Fargo
WFC
|
+$245M |
| 5 |
American Electric Power
AEP
|
+$243M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 11.41% |
| 2 | Technology | 7.27% |
| 3 | Financials | 6.46% |
| 4 | Consumer Discretionary | 5.3% |
| 5 | Industrials | 4.98% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
2351
Viavi Solutions
VIAV
$9.95B
| $1.14M | ﹤0.01% |
101,566
-447,424
| -81% | -$6.09M |
|
2352
Simmons First National
SFNC
$3.48B
| $1.14M | ﹤0.01% |
+61,846
| New | +$1.41M |
|
2353
Franklin Covey
FC
$244M
| $1.14M | ﹤0.01% |
73,086
-100,943
| -58% | -$2.89M |
|
2354
Personalis
PSNL
$1.44B
| $1.13M | ﹤0.01% |
140,545
+104,608
| +291% | +$973K |
|
|
STFC
2355
DELISTED
State Auto Financial Corp
STFC
| $1.13M | ﹤0.01% |
40,758
+29,837
| +273% | +$853K |
|
2356
PUT
Western Digital
WDC
$189B
| $1.13M | ﹤0.01% |
35,986
+8,203
| +30% | +$363K |
|
2357
PUT
Expedia Group
EXPE
$37.5B
| $1.13M | ﹤0.01% |
20,100
-388,400
| -95% | -$37.3M |
|
2358
CALL
American Express
AXP
$234B
| $1.13M | ﹤0.01% |
13,200
+3,900
| +42% | +$454K |
|
2359
First Merchants
FRME
$2.73B
| $1.12M | ﹤0.01% |
42,311
-113,106
| -73% | -$4.13M |
|
2360
PUT
Elanco Animal Health
ELAN
$12.8B
| $1.12M | ﹤0.01% |
+50,000
| New | +$1.37M |
|
2361
Piper Sandler
PIPR
$5.14B
| $1.12M | ﹤0.01% |
+88,552
| New | +$1.58M |
|
2362
Shutterstock
SSTK
$221M
| $1.12M | ﹤0.01% |
34,814
-9,260
| -21% | -$370K |
|
|
XRN
2363
Chiron Real Estate Inc
XRN
$465M
| $1.12M | ﹤0.01% |
22,109
-6,363
| -22% | -$428K |
|
2364
Nasdaq
NDAQ
$52.3B
| $1.12M | ﹤0.01% |
35,313
-79,953
| -69% | -$2.83M |
|
|
ONDK
2365
DELISTED
On Deck Capital, Inc.
ONDK
| $1.12M | ﹤0.01% |
725,691
-461,937
| -39% | -$1.51M |
|
2366
Gaming and Leisure Properties
GLPI
$12.6B
| $1.12M | ﹤0.01% |
40,290
-1,154,173
| -97% | -$47.3M |
|
2367
PUT
Kohl's
KSS
$2.28B
| $1.11M | ﹤0.01% |
+76,300
| New | +$2.86M |
|
2368
Alcoa
AA
$12.4B
| $1.1M | ﹤0.01% |
179,396
-116,583
| -39% | -$1.6M |
|
2369
Universal Logistics Holdings
ULH
$513M
| $1.1M | ﹤0.01% |
84,199
-101,770
| -55% | -$1.68M |
|
2370
Duluth Holdings
DLTH
$159M
| $1.1M | ﹤0.01% |
274,726
-578,318
| -68% | -$4.3M |
|
2371
MGP Ingredients
MGPI
$366M
| $1.1M | ﹤0.01% |
40,903
-295,958
| -88% | -$10.1M |
|
|
MCF
2372
DELISTED
Contango Oil & Gas Co.
MCF
| $1.1M | ﹤0.01% |
733,159
+640,182
| +689% | +$2.01M |
|
2373
KT
KT
$8.79B
| $1.1M | ﹤0.01% |
+141,012
| New | +$1.4M |
|
2374
Bank of Hawaii
BOH
$3.19B
| $1.1M | ﹤0.01% |
19,833
-66,867
| -77% | -$5.37M |
|
2375
CALL
Halliburton
HAL
$27B
| $1.1M | ﹤0.01% |
160,000
-14,000
| -8% | -$244K |
|
Similar funds
Millennium Management's Q1 2020 Portfolio in Review
As of Q1 2020, Millennium Management held 4,928 positions worth $44.5B, down 44% from $79.9B the previous quarter. Its ten largest holdings account for 18% of the portfolio.
Millennium Management withdrew a net $21.4B in Q1 2020, closing 1,154 positions and reducing 1,745 holdings. Its most notable exit was Becton Dickinson, an estimated $152M position sold in full.
By sector, the portfolio is most concentrated in Healthcare at 11% of assets, up from 9.7% a quarter earlier, followed by Technology and Financials.
Against the trend, Millennium Management opened a new position in Danaher worth $133M.
- Millennium Management's largest Q1 2020 buy was Danaher: 1,082,448 shares worth $133M.
- Millennium Management added most to Allergan plc in Q1 2020, an estimated $200M increase.
- Millennium Management's biggest Q1 2020 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $3.89B.
- Millennium Management fully exited Becton Dickinson in Q1 2020, selling an estimated $152M.
- Millennium Management's ten largest holdings make up 18% of its $44.5B portfolio in Q1 2020.
- Millennium Management opened 789 new positions and closed 1,154 in Q1 2020.
- Millennium Management's portfolio value fell 44% quarter-over-quarter to $44.5B.
Based on Millennium Management's 13F filing for Q1 2020, filed 14 May 2020.