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 | |
|---|---|---|---|---|---|---|
276
CVS Health
CVS
$122B
| $53K | 0.07% |
907,828
+708,805
| +356% | +$44.1M |
|
277
Pool Corp
POOL
$7.5B
| $53K | 0.07% |
158,454
+117,267
| +285% | +$36.3M |
|
278
PUT
RTX Corp
RTX
$301B
| $52.6K | 0.06% |
+914,500
| New | +$55.7M |
|
279
Southwest Airlines
LUV
$23B
| $52.5K | 0.06% |
1,398,812
-2,419,016
| -63% | -$85.9M |
|
280
Ashland
ASH
$3.5B
| $52.4K | 0.06% |
738,269
-6,600
| -0.9% | -$489K |
|
281
Zimmer Biomet
ZBH
$18.4B
| $52.3K | 0.06% |
395,621
-449,248
| -53% | -$58.7M |
|
|
282
CALL
Intel
INTC
$513B
| $52.2K | 0.06% |
1,007,200
+319,200
| +46% | +$16.6M |
|
283
HubSpot
HUBS
$10.5B
| $52K | 0.06% |
177,970
-13,548
| -7% | -$3.55M |
|
284
UDR
UDR
$12.3B
| $51.9K | 0.06% |
1,592,818
+649,695
| +69% | +$22.8M |
|
285
NXP Semiconductors
NXPI
$60.4B
| $51.9K | 0.06% |
415,473
+54,620
| +15% | +$6.66M |
|
286
PUT
Coca-Cola
KO
$375B
| $51.7K | 0.06% |
1,047,900
+397,700
| +61% | +$19.1M |
|
287
AGCO
AGCO
$7.2B
| $51.7K | 0.06% |
696,527
+664,903
| +2,103% | +$45.4M |
|
288
PUT
American Express
AXP
$230B
| $51.7K | 0.06% |
516,000
+87,800
| +21% | +$8.64M |
|
289
Booking.com
BKNG
$161B
| $51.6K | 0.06% |
754,750
+305,800
| +68% | +$21.5M |
|
290
PUT
Applied Materials
AMAT
$428B
| $51.6K | 0.06% |
868,200
-140,700
| -14% | -$8.69M |
|
291
Five Below
FIVE
$13.5B
| $51.4K | 0.06% |
404,513
-132,805
| -25% | -$15.1M |
|
|
NUVA
292
DELISTED
NuVasive, Inc.
NUVA
| $51.2K | 0.06% |
1,054,580
+312,490
| +42% | +$16.8M |
|
|
ITCI
293
DELISTED
Intra-Cellular Therapies Inc.
ITCI
| $51.2K | 0.06% |
1,995,896
+1,808,241
| +964% | +$41.3M |
|
294
Mid-America Apartment Communities
MAA
$15.7B
| $51.1K | 0.06% |
440,643
-127,400
| -22% | -$14.7M |
|
295
Lumentum
LITE
$69.3B
| $51K | 0.06% |
679,011
-109,656
| -14% | -$9.09M |
|
|
EV
296
DELISTED
Eaton Vance Corp.
EV
| $51K | 0.06% |
1,335,861
+466,042
| +54% | +$17.8M |
|
297
Performance Food Group
PFGC
$18B
| $50.9K | 0.06% |
1,470,678
-575,466
| -28% | -$18.5M |
|
298
Costco
COST
$420B
| $50.9K | 0.06% |
143,399
-30,191
| -17% | -$10.1M |
|
|
AJRD
299
DELISTED
Aerojet Rocketdyne Holdings
AJRD
| $50.8K | 0.06% |
1,274,366
+136,503
| +12% | +$5.53M |
|
|
BNY
300
Bank of New York Mellon
BNY
$107B
| $50.7K | 0.06% |
1,477,138
-316,529
| -18% | -$11.5M |
|
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.