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 | |
|---|---|---|---|---|---|---|
2376
Mitek Systems
MITK
$800M
| $1.1M | ﹤0.01% |
139,133
-515,578
| -79% | -$4.38M |
|
2377
Healthpeak Properties
DOC
$14.9B
| $1.09M | ﹤0.01% |
45,873
-389,815
| -89% | -$12.7M |
|
2378
Lattice Semiconductor
LSCC
$19.6B
| $1.09M | ﹤0.01% |
61,417
-534,222
| -90% | -$10.1M |
|
2379
Johnson Outdoors
JOUT
$506M
| $1.08M | ﹤0.01% |
17,278
-91,753
| -84% | -$6.26M |
|
2380
Federal Signal
FSS
$8.09B
| $1.08M | ﹤0.01% |
39,674
+14,647
| +59% | +$456K |
|
2381
Parsons
PSN
$5.19B
| $1.08M | ﹤0.01% |
33,817
+17,819
| +111% | +$692K |
|
|
AIMC
2382
DELISTED
Altra Industrial Motion Corp
AIMC
| $1.08M | ﹤0.01% |
61,821
-35,034
| -36% | -$1.04M |
|
2383
Covenant Logistics
CVLG
$912M
| $1.08M | ﹤0.01% |
+248,686
| New | +$1.55M |
|
2384
iShares MSCI Spain ETF
EWP
$2.14B
| $1.08M | ﹤0.01% |
+53,018
| New | +$1.38M |
|
2385
iShares Russell 2000 Value ETF
IWN
$14.7B
| $1.08M | ﹤0.01% |
13,117
-157,506
| -92% | -$17.7M |
|
|
BREW
2386
DELISTED
Craft Brew Alliance, Inc.
BREW
| $1.07M | ﹤0.01% |
+72,175
| New | +$1.13M |
|
2387
Sprout Social
SPT
$526M
| $1.07M | ﹤0.01% |
67,070
-169,077
| -72% | -$3.08M |
|
2388
Innovative Industrial Properties
IIPR
$1.75B
| $1.07M | ﹤0.01% |
14,079
-126,722
| -90% | -$10.7M |
|
2389
Sociedad Química y Minera de Chile
SQM
$19.6B
| $1.07M | ﹤0.01% |
47,378
-470,494
| -91% | -$12.7M |
|
2390
Allient
ALNT
$1.61B
| $1.07M | ﹤0.01% |
67,445
-7,734
| -10% | -$208K |
|
2391
Employers Holdings
EIG
$911M
| $1.07M | ﹤0.01% |
26,314
-44,288
| -63% | -$1.81M |
|
2392
CALL
Albemarle
ALB
$14.2B
| $1.06M | ﹤0.01% |
18,900
+13,900
| +278% | +$1.07M |
|
2393
Lindsay Corp
LNN
$1.2B
| $1.06M | ﹤0.01% |
+11,616
| New | +$1.14M |
|
2394
CALL
Hershey
HSY
$36B
| $1.06M | ﹤0.01% |
8,000
+3,200
| +67% | +$472K |
|
2395
Zscaler
ZS
$26.4B
| $1.06M | ﹤0.01% |
17,416
-45,399
| -72% | -$2.5M |
|
2396
America's Car Mart
CRMT
$27.6M
| $1.06M | ﹤0.01% |
18,794
+10,401
| +124% | +$1.02M |
|
2397
BiomX
PHGE
$1.97M
| $1.06M | ﹤0.01% |
+795
| New | +$1.39M |
|
2398
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
$66.4B
| $1.06M | ﹤0.01% |
12,131
-16,283
| -57% | -$1.48M |
|
2399
LSI Industries
LYTS
$908M
| $1.05M | ﹤0.01% |
278,800
+231,940
| +495% | +$1.33M |
|
|
XLNX
2400
CALL
DELISTED
Xilinx Inc
XLNX
| $1.05M | ﹤0.01% |
+13,500
| New | +$1.18M |
|
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.