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 | |
|---|---|---|---|---|---|---|
251
Pinterest
PINS
$13.4B
| $57.9K | 0.07% |
1,393,840
+705,648
| +103% | +$23M |
|
252
CALL
AT&T
T
$163B
| $57.7K | 0.07% |
2,680,041
+861,395
| +47% | +$19.3M |
|
253
PUT
Advanced Micro Devices
AMD
$789B
| $57.7K | 0.07% |
703,200
+159,300
| +29% | +$11.8M |
|
254
Alphabet (Google) Class C
GOOG
$4.32T
| $57.6K | 0.07% |
783,700
-582,240
| -43% | -$44.4M |
|
255
PUT
State Street SPDR S&P Regional Banking ETF
KRE
$4.57B
| $57.6K | 0.07% |
1,613,800
| – | – |
|
|
FTCH
256
DELISTED
Farfetch Limited Class A Ordinary Shares
FTCH
| $57.6K | 0.07% |
2,288,262
+668,000
| +41% | +$16.6M |
|
257
Micron Technology
MU
$991B
| $57.4K | 0.07% |
1,222,699
+1,017,393
| +496% | +$49.2M |
|
258
CALL
iShares China Large-Cap ETF
FXI
$4.31B
| $57.4K | 0.07% |
1,366,500
+208,600
| +18% | +$8.97M |
|
|
259
CALL
Alphabet (Google) Class C
GOOG
$4.32T
| $57.2K | 0.07% |
+778,000
| New | +$59.4M |
|
260
Travelers Companies
TRV
$80.2B
| $57.1K | 0.07% |
527,743
+492,612
| +1,402% | +$56.5M |
|
261
State Street Technology Select Sector SPDR ETF
XLK
$123B
| $56.9K | 0.07% |
975,006
-1,534,366
| -61% | -$86.7M |
|
262
Zoetis
ZTS
$30B
| $56.9K | 0.07% |
343,887
-95,497
| -22% | -$14.7M |
|
|
PCGU
263
DELISTED
PG&E Corporation
PCGU
| $55.4K | 0.07% |
+565,771
| New | +$55.4M |
|
|
SPLK
264
DELISTED
Splunk Inc
SPLK
| $55.4K | 0.07% |
294,279
+77,054
| +35% | +$15.4M |
|
265
CALL
Adobe
ADBE
$105B
| $55.2K | 0.07% |
112,500
+64,300
| +133% | +$29.9M |
|
266
Tractor Supply
TSCO
$18B
| $55K | 0.07% |
1,917,490
+958,820
| +100% | +$27.6M |
|
267
Campbell Soup
CPB
$6.87B
| $54.9K | 0.07% |
1,135,869
-769,324
| -40% | -$38M |
|
268
Analog Devices
ADI
$190B
| $54.5K | 0.07% |
466,487
+91,063
| +24% | +$10.7M |
|
269
PUT
Linde
LIN
$226B
| $54.3K | 0.07% |
227,900
+15,900
| +8% | +$3.86M |
|
270
Merck
MRK
$318B
| $54.2K | 0.07% |
685,062
+394,390
| +136% | +$30.9M |
|
271
PUT
Chevron
CVX
$366B
| $54.1K | 0.07% |
751,900
+68,400
| +10% | +$5.75M |
|
272
CALL
State Street Materials Select Sector SPDR ETF
XLB
$8.66B
| $53.3K | 0.07% |
1,676,000
+266,200
| +19% | +$8.27M |
|
273
Invitation Homes
INVH
$18B
| $53.2K | 0.07% |
1,902,027
-589,189
| -24% | -$16.8M |
|
274
Tapestry
TPR
$32.8B
| $53.2K | 0.07% |
3,400,751
+935,758
| +38% | +$13.8M |
|
275
SLB Ltd
SLB
$75B
| $53.1K | 0.07% |
3,415,225
+216,641
| +7% | +$4.03M |
|
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.