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 | |
|---|---|---|---|---|---|---|
|
ALUS.WS
2726
CALL
DELISTED
Alussa Energy Acquisition Corp Warrants
ALUS.WS
| $1.59K | ﹤0.01% |
+159,865
| New | +$111K |
|
2727
Fluor
FLR
$7.2B
| $1.58K | ﹤0.01% |
179,808
+52,686
| +41% | +$554K |
|
|
ARCE
2728
DELISTED
Arco Platform Limited Class A Common Shares
ARCE
| $1.58K | ﹤0.01% |
38,790
+26,215
| +208% | +$1.15M |
|
2729
Liberty Broadband Class A
LBRDA
$5.17B
| $1.58K | ﹤0.01% |
11,151
-5,983
| -35% | -$811K |
|
|
CONN
2730
DELISTED
Conn's Inc.
CONN
| $1.58K | ﹤0.01% |
149,353
-182,950
| -55% | -$1.98M |
|
|
CMCT
2731
Creative Media & Community Trust
CMCT
$13M
| $1.58K | ﹤0.01% |
+7
| New | +$1.81M |
|
2732
iShares US Transportation ETF
IYT
$2.31B
| $1.58K | ﹤0.01% |
+31,680
| New | +$1.48M |
|
2733
Amalgamated Financial
AMAL
$1.49B
| $1.57K | ﹤0.01% |
148,656
+28,749
| +24% | +$336K |
|
2734
PUT
CONMED
CNMD
$1.51B
| $1.57K | ﹤0.01% |
20,000
| – | – |
|
2735
PDF Solutions
PDFS
$2.14B
| $1.57K | ﹤0.01% |
84,027
-37,814
| -31% | -$779K |
|
|
PSTL
2736
Postal Realty Trust
PSTL
$696M
| $1.57K | ﹤0.01% |
103,457
+34,529
| +50% | +$510K |
|
2737
Vodafone
VOD
$36.3B
| $1.57K | ﹤0.01% |
116,706
+50,860
| +77% | +$767K |
|
2738
CALL
Willis Towers Watson
WTW
$31.5B
| $1.57K | ﹤0.01% |
+7,500
| New | +$1.53M |
|
2739
PUT
Freeport-McMoran
FCX
$96.7B
| $1.56K | ﹤0.01% |
+100,000
| New | +$1.44M |
|
|
CADE
2740
DELISTED
Cadence Bank
CADE
| $1.55K | ﹤0.01% |
80,168
-59,408
| -43% | -$1.27M |
|
2741
PUT
Snap
SNAP
$9.74B
| $1.55K | ﹤0.01% |
59,500
| – | – |
|
2742
PUT
American Tower
AMT
$81.7B
| $1.55K | ﹤0.01% |
+6,400
| New | +$1.62M |
|
|
ENV
2743
DELISTED
ENVESTNET, INC.
ENV
| $1.55K | ﹤0.01% |
20,038
-8,679
| -30% | -$693K |
|
|
FUSE.U
2744
DELISTED
Fusion Acquisition Corp. Units, each consisting of one share of Class A common stock, $0.0001 par va
FUSE.U
| $1.54K | ﹤0.01% |
150,000
-850,000
| -85% | -$8.62M |
|
2745
Nelnet
NNI
$4.89B
| $1.54K | ﹤0.01% |
25,617
-22,020
| -46% | -$1.35M |
|
2746
Lumen
LUMN
$6.91B
| $1.53K | ﹤0.01% |
151,685
-1,953,841
| -93% | -$20.3M |
|
|
TMCWW
2747
CALL
TMC The Metals Company Warrants
TMCWW
$473K
| $1.53K | ﹤0.01% |
+150,000
| New | +$183K |
|
2748
Corvus Pharmaceuticals
CRVS
$1.17B
| $1.53K | ﹤0.01% |
381,143
-811,599
| -68% | -$3.24M |
|
2749
Marcus Corp
MCS
$959M
| $1.53K | ﹤0.01% |
197,661
+172,983
| +701% | +$2.33M |
|
|
NEX
2750
DELISTED
NexTier Oilfield Solutions Inc.
NEX
| $1.52K | ﹤0.01% |
823,646
-1,950,446
| -70% | -$4.73M |
|
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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.