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 |
VAR
Varian Medical Systems, Inc.
VAR
|
+$190M |
| 2 |
MNTA
Momenta Pharmaceuticals, Inc.
MNTA
|
+$178M |
| 3 |
Meta Platforms (Facebook)
META
|
+$172M |
| 4 |
AMTD
TD Ameritrade Holding Corp
AMTD
|
+$169M |
| 5 |
Microsoft
MSFT
|
+$166M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
JPMorgan Chase
JPM
|
+$278M |
| 2 |
Intel
INTC
|
+$223M |
| 3 |
PPLI
People Inc
PPLI
|
+$210M |
| 4 |
Mastercard
MA
|
+$210M |
| 5 |
Honeywell
HON
|
+$188M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 8.4% |
| 2 | Consumer Discretionary | 6.7% |
| 3 | Technology | 6.04% |
| 4 | Industrials | 5.81% |
| 5 | Financials | 5.66% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
226
Steel Dynamics
STLD
$37.6B
| $64.3K | 0.08% |
2,246,502
+1,474,512
| +191% | +$42.3M |
|
227
AT&T
T
$163B
| $64.1K | 0.08% |
2,977,590
-4,921,458
| -62% | -$110M |
|
|
FIRY
228
Firy Inc
FIRY
$163M
| $63.8K | 0.08% |
262,530
+70,315
| +37% | +$16.1M |
|
229
Deckers Outdoor
DECK
$13.3B
| $63.6K | 0.08% |
1,733,646
+834,672
| +93% | +$28.9M |
|
230
Boston Scientific
BSX
$71.5B
| $63.5K | 0.08% |
1,660,659
+1,604,387
| +2,851% | +$61.8M |
|
|
BBL
231
DELISTED
BHP Group Plc American Depositary Shares (Each representing two Ordinary Shares)
BBL
| $63.4K | 0.08% |
1,485,693
-757,582
| -34% | -$33.8M |
|
232
CALL
State Street Industrial Select Sector SPDR ETF
XLI
$34.6B
| $63.4K | 0.08% |
823,200
+255,600
| +45% | +$19.1M |
|
233
Workday
WDAY
$44.4B
| $62.7K | 0.08% |
291,484
-74,670
| -20% | -$14.8M |
|
234
EOG Resources
EOG
$70.7B
| $62.7K | 0.08% |
1,744,614
+936,746
| +116% | +$42M |
|
235
CALL
State Street Utilities Select Sector SPDR ETF
XLU
$22.7B
| $62.7K | 0.08% |
2,110,600
+270,800
| +15% | +$8.04M |
|
236
Alliant Energy
LNT
$18B
| $62.4K | 0.08% |
1,207,157
+1,085,799
| +895% | +$56.7M |
|
|
DRE
237
DELISTED
Duke Realty Corp.
DRE
| $62.2K | 0.08% |
1,685,211
+1,289,965
| +326% | +$48.6M |
|
238
PUT
Amgen
AMGN
$222B
| $62.1K | 0.08% |
244,300
+74,100
| +44% | +$18.4M |
|
|
CRHC.U
239
DELISTED
Cohn Robbins Holdings Corp. Units, each consisting of one Class A ordinary share and one-third of one redeemable warrant
CRHC.U
| $61.8K | 0.08% |
+6,120,000
| New | +$62M |
|
240
First Industrial Realty Trust
FR
$8.44B
| $61.5K | 0.08% |
1,544,599
-258,265
| -14% | -$10.7M |
|
241
Walt Disney
DIS
$181B
| $61.3K | 0.08% |
493,752
+60,717
| +14% | +$7.59M |
|
242
CALL
Johnson & Johnson
JNJ
$625B
| $60.7K | 0.07% |
407,400
+23,400
| +6% | +$3.46M |
|
243
CME Group
CME
$94.8B
| $60.2K | 0.07% |
359,578
-293,055
| -45% | -$49.4M |
|
244
Qualcomm
QCOM
$176B
| $59.9K | 0.07% |
508,954
+232,423
| +84% | +$24.8M |
|
245
PUT
Target
TGT
$68B
| $59.8K | 0.07% |
379,800
+215,200
| +131% | +$29.5M |
|
246
Charter Communications
CHTR
$18.2B
| $59.1K | 0.07% |
94,644
-174,962
| -65% | -$103M |
|
247
Kimberly-Clark
KMB
$36.5B
| $59.1K | 0.07% |
399,935
+205,905
| +106% | +$30.9M |
|
248
Masco
MAS
$15.3B
| $58.4K | 0.07% |
1,058,829
+487,557
| +85% | +$27.3M |
|
249
Yum! Brands
YUM
$41.1B
| $58.3K | 0.07% |
638,273
-1,535,410
| -71% | -$142M |
|
250
CALL
iShares MSCI Brazil ETF
EWZ
$8.95B
| $57.9K | 0.07% |
2,093,700
+712,600
| +52% | +$21.9M |
|
Similar funds
Millennium Management's Q3 2020 Portfolio in Review
As of Q3 2020, Millennium Management held 5,106 positions worth $81.2M, down 100% from $73B the previous quarter. Its ten largest holdings account for 18% of the portfolio.
Millennium Management deployed $869M of net new capital in Q3 2020, opening 989 new positions and adding to 1,503 existing holdings. Its largest new stake was Pershing Square Tontine Holdings, Ltd.: 5,275,934 shares worth $120K.
By sector, the portfolio is most concentrated in Healthcare at 8.4% of assets, down from 8.6% a quarter earlier, followed by Consumer Discretionary and Technology.
On the sell side, the largest reduction was JPMorgan Chase, an estimated $278M trimmed.
- Millennium Management's largest Q3 2020 buy was Pershing Square Tontine Holdings, Ltd.: 5,275,934 shares worth $120K.
- Millennium Management added most to Varian Medical Systems, Inc. in Q3 2020, an estimated $190M increase.
- Millennium Management's biggest Q3 2020 reduction was JPMorgan Chase, cutting an estimated $278M.
- Millennium Management fully exited Tech Data Corp in Q3 2020, selling an estimated $186M.
- Millennium Management's ten largest holdings make up 18% of its $81.2M portfolio in Q3 2020.
- Millennium Management opened 989 new positions and closed 724 in Q3 2020.
- Millennium Management's portfolio value fell 100% quarter-over-quarter to $81.2M.
Based on Millennium Management's 13F filing for Q3 2020, filed 16 Nov 2020.