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 | |
|---|---|---|---|---|---|---|
|
CIICW
2626
CALL
DELISTED
CIIG Merger Corp. Warrants
CIICW
| $1.8K | ﹤0.01% |
180,000
| – | – |
|
|
FBC
2627
DELISTED
Flagstar Bancorp, Inc. New
FBC
| $1.8K | ﹤0.01% |
60,838
-104,902
| -63% | -$3.16M |
|
2628
Nutrien
NTR
$32.1B
| $1.8K | ﹤0.01% |
45,780
-737,320
| -94% | -$26.8M |
|
2629
Oppenheimer Holdings
OPY
$1.25B
| $1.79K | ﹤0.01% |
80,416
+33,048
| +70% | +$767K |
|
|
VRNT
2630
DELISTED
Verint Systems
VRNT
| $1.79K | ﹤0.01% |
72,749
-140,370
| -66% | -$3.27M |
|
2631
LiveRamp
RAMP
$2.3B
| $1.78K | ﹤0.01% |
34,487
-124,055
| -78% | -$6.2M |
|
|
ZEPP
2632
Zepp Health
ZEPP
$66.3M
| $1.78K | ﹤0.01% |
34,661
-80,678
| -70% | -$4.43M |
|
2633
iShares MSCI New Zealand ETF
ENZL
$83.5M
| $1.78K | ﹤0.01% |
+30,935
| New | +$1.81M |
|
2634
Barrett Business Services
BBSI
$984M
| $1.78K | ﹤0.01% |
+135,536
| New | +$1.85M |
|
2635
CALL
Axalta
AXTA
$8.05B
| $1.77K | ﹤0.01% |
+80,000
| New | +$1.85M |
|
2636
McEwen Inc
MUX
$1.12B
| $1.77K | ﹤0.01% |
167,250
+161,282
| +2,702% | +$1.95M |
|
|
FOE
2637
DELISTED
Ferro Corporation
FOE
| $1.77K | ﹤0.01% |
142,668
-284,030
| -67% | -$3.52M |
|
|
RFP
2638
DELISTED
Resolute Forest Products Inc.
RFP
| $1.77K | ﹤0.01% |
394,543
+95,507
| +32% | +$358K |
|
2639
Affiliated Managers Group
AMG
$10.1B
| $1.77K | ﹤0.01% |
25,838
-30,352
| -54% | -$2.12M |
|
2640
Movado Group
MOV
$879M
| $1.76K | ﹤0.01% |
177,604
+123,280
| +227% | +$1.32M |
|
2641
PUT
Dow Inc
DOW
$21.9B
| $1.76K | ﹤0.01% |
+37,500
| New | +$1.68M |
|
2642
CALL
Henry Schein
HSIC
$10.2B
| $1.76K | ﹤0.01% |
30,000
-20,000
| -40% | -$1.28M |
|
2643
Materion
MTRN
$4.72B
| $1.76K | ﹤0.01% |
+33,890
| New | +$1.92M |
|
|
FRC
2644
DELISTED
First Republic Bank
FRC
| $1.76K | ﹤0.01% |
16,168
-97,142
| -86% | -$10.8M |
|
|
MNRL
2645
DELISTED
Brigham Minerals, Inc. Class A Common Stock
MNRL
| $1.76K | ﹤0.01% |
+197,645
| New | +$2.18M |
|
2646
RE/MAX Holdings
RMAX
$207M
| $1.76K | ﹤0.01% |
+53,714
| New | +$1.8M |
|
|
LOMA
2647
Loma Negra
LOMA
$1.29B
| $1.76K | ﹤0.01% |
407,738
+25,191
| +7% | +$122K |
|
2648
Veeco
VECO
$3.28B
| $1.75K | ﹤0.01% |
150,216
+133,759
| +813% | +$1.71M |
|
|
CDR
2649
DELISTED
Cedar Realty Trust, Inc
CDR
| $1.75K | ﹤0.01% |
327,406
+312,011
| +2,027% | +$1.82M |
|
2650
United Airlines
UAL
$43B
| $1.75K | ﹤0.01% |
50,296
-473,518
| -90% | -$16.4M |
|
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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.