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 | |
|---|---|---|---|---|---|---|
2401
PUT
Darden Restaurants
DRI
$23.6B
| $1.05M | ﹤0.01% |
19,300
+17,200
| +819% | +$1.67M |
|
|
FLNA
2402
Filana Therapeutics
FLNA
$49.8M
| $1.05M | ﹤0.01% |
255,600
+228,881
| +857% | +$1.52M |
|
2403
PUT
Burlington
BURL
$23.2B
| $1.05M | ﹤0.01% |
+6,600
| New | +$1.39M |
|
2404
Timken Company
TKR
$9.85B
| $1.04M | ﹤0.01% |
32,229
-171,835
| -84% | -$8.13M |
|
|
BFS
2405
Saul Centers
BFS
$842M
| $1.04M | ﹤0.01% |
31,796
+16,557
| +109% | +$747K |
|
2406
LG Display
LPL
$3.23B
| $1.03M | ﹤0.01% |
+231,674
| New | +$1.38M |
|
2407
CALL
XPO
XPO
$23.1B
| $1.03M | ﹤0.01% |
+61,008
| New | +$1.63M |
|
2408
New Mountain Finance
NMFC
$683M
| $1.03M | ﹤0.01% |
150,996
-582,432
| -79% | -$7.19M |
|
|
ALE
2409
DELISTED
Allete
ALE
| $1.02M | ﹤0.01% |
16,860
-122,090
| -88% | -$9.23M |
|
|
PCTI
2410
DELISTED
PCTEL, Inc. Common Stock
PCTI
| $1.02M | ﹤0.01% |
153,786
+102,590
| +200% | +$781K |
|
|
ROIC
2411
DELISTED
Retail Opportunity Investments Corp.
ROIC
| $1.02M | ﹤0.01% |
123,078
+97,782
| +387% | +$1.45M |
|
|
SCPE.U
2412
DELISTED
SC Health Corporation Units, each consisting of one Class A ordinary share, $0.0001 par value, and o
SCPE.U
| $1.02M | ﹤0.01% |
100,000
-500,000
| -83% | -$5.18M |
|
2413
CALL
Hartford Financial Services
HIG
$38.9B
| $1.02M | ﹤0.01% |
28,900
+10,800
| +60% | +$563K |
|
2414
Yeti Holdings
YETI
$3.85B
| $1.02M | ﹤0.01% |
52,135
-184,509
| -78% | -$5.47M |
|
2415
Intrepid Potash
IPI
$447M
| $1.02M | ﹤0.01% |
126,978
+102,968
| +429% | +$1.91M |
|
2416
PUT
Albemarle
ALB
$14.2B
| $1.01M | ﹤0.01% |
+18,000
| New | +$1.38M |
|
|
NEBUW
2417
CALL
DELISTED
Nebula Acquisition Corporation Warrant
NEBUW
| $1.01M | ﹤0.01% |
+99,999
| New | +$163K |
|
2418
Harrow
HROW
$1.46B
| $1.01M | ﹤0.01% |
+264,368
| New | +$1.57M |
|
2419
CALL
Zscaler
ZS
$26.4B
| $1.01M | ﹤0.01% |
+16,600
| New | +$914K |
|
2420
PUT
L3Harris
LHX
$51.7B
| $1.01M | ﹤0.01% |
5,600
-19,700
| -78% | -$4.04M |
|
|
NAV
2421
DELISTED
Navistar International
NAV
| $1.01M | ﹤0.01% |
61,158
-87,838
| -59% | -$2.57M |
|
2422
Jacobs Solutions
J
$16.4B
| $1.01M | ﹤0.01% |
15,343
+2,673
| +21% | +$201K |
|
2423
Pixelworks
PXLW
$39.3M
| $1.01M | ﹤0.01% |
29,423
+23,087
| +364% | +$1.08M |
|
2424
Edison International
EIX
$27.5B
| $1M | ﹤0.01% |
18,344
-797,435
| -98% | -$55.3M |
|
2425
Rogers Corp
ROG
$2.24B
| $1M | ﹤0.01% |
10,618
-30,583
| -74% | -$3.48M |
|
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.