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 |
Lowe's Companies
LOW
|
+$217M |
| 2 |
JPMorgan Chase
JPM
|
+$213M |
| 3 |
Intel
INTC
|
+$200M |
| 4 |
FISV
Fiserv Inc
FISV
|
+$184M |
| 5 |
TECD
Tech Data Corp
TECD
|
+$174M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
AGN
Allergan plc
AGN
|
+$685M |
| 2 |
iShares 1-5 Year Investment Grade Corporate Bond ETF
IGSB
|
+$127M |
| 3 |
Meta Platforms (Facebook)
META
|
+$122M |
| 4 |
Merck
MRK
|
+$110M |
| 5 |
NVIDIA
NVDA
|
+$108M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 8.62% |
| 2 | Technology | 7.54% |
| 3 | Financials | 6.93% |
| 4 | Consumer Discretionary | 6.74% |
| 5 | Industrials | 6% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
CZZ
3001
DELISTED
Cosan Limited
CZZ
| $902K | ﹤0.01% |
59,891
-134,508
| -69% | -$1.76M |
|
3002
Idexx Laboratories
IDXX
$43.8B
| $901K | ﹤0.01% |
+2,729
| New | +$790K |
|
3003
EPR Properties
EPR
$4.76B
| $896K | ﹤0.01% |
27,031
-498,140
| -95% | -$14.8M |
|
3004
CALL
Palo Alto Networks
PANW
$267B
| $896K | ﹤0.01% |
+23,400
| New | +$824K |
|
3005
CytomX Therapeutics
CTMX
$684M
| $883K | ﹤0.01% |
106,022
-188,291
| -64% | -$1.75M |
|
3006
Mettler-Toledo International
MTD
$28.3B
| $880K | ﹤0.01% |
1,092
-5,086
| -82% | -$3.78M |
|
3007
Manulife Financial
MFC
$74.5B
| $879K | ﹤0.01% |
64,521
-114,937
| -64% | -$1.45M |
|
3008
Lyft
LYFT
$5.86B
| $877K | ﹤0.01% |
+26,553
| New | +$840K |
|
3009
Tejon Ranch
TRC
$460M
| $874K | ﹤0.01% |
60,706
+50,335
| +485% | +$701K |
|
3010
Employers Holdings
EIG
$908M
| $873K | ﹤0.01% |
28,958
+2,644
| +10% | +$81.4K |
|
3011
NatWest
NWG
$75.4B
| $871K | ﹤0.01% |
+265,217
| New | +$825K |
|
|
HPR
3012
DELISTED
HighPoint Resources Corporation
HPR
| $871K | ﹤0.01% |
+59,030
| New | +$856K |
|
3013
CALL
Extreme Networks
EXTR
$3.93B
| $868K | ﹤0.01% |
+200,000
| New | +$705K |
|
|
OCFT
3014
DELISTED
OneConnect Financial Technology
OCFT
| $867K | ﹤0.01% |
4,747
-91
| -2% | -$12.2K |
|
|
SRCL
3015
DELISTED
Stericycle Inc
SRCL
| $867K | ﹤0.01% |
+15,479
| New | +$806K |
|
3016
CALL
iShares Silver Trust
SLV
$27.7B
| $866K | ﹤0.01% |
+50,900
| New | +$778K |
|
3017
Powell Industries
POWL
$7.76B
| $865K | ﹤0.01% |
94,761
-254,745
| -73% | -$2.17M |
|
3018
iShares MSCI Turkey ETF
TUR
$200M
| $863K | ﹤0.01% |
+37,172
| New | +$780K |
|
|
MTVA
3019
MetaVia Inc
MTVA
$7.18M
| $861K | ﹤0.01% |
41
+3
| +8% | +$108K |
|
3020
iShares Core S&P Small-Cap ETF
IJR
$109B
| $860K | ﹤0.01% |
12,600
+7,643
| +154% | +$483K |
|
3021
Fulcrum Therapeutics
FULC
$236M
| $859K | ﹤0.01% |
46,947
-138,072
| -75% | -$2.17M |
|
|
CTB
3022
DELISTED
Cooper Tire & Rubber Co.
CTB
| $859K | ﹤0.01% |
31,118
-91,989
| -75% | -$2.12M |
|
3023
CALL
Enbridge
ENB
$120B
| $858K | ﹤0.01% |
28,200
| – | – |
|
3024
iShares US Technology ETF
IYW
$23.4B
| $855K | ﹤0.01% |
+12,676
| New | +$765K |
|
3025
CALL
Motorola Solutions
MSI
$72B
| $855K | ﹤0.01% |
6,100
| – | – |
|
Similar funds
Millennium Management's Q2 2020 Portfolio in Review
As of Q2 2020, Millennium Management held 4,914 positions worth $73B, up 64% from $44.5B the previous quarter. Its ten largest holdings account for 20% of the portfolio.
Millennium Management deployed $17.6B of net new capital in Q2 2020, opening 1,140 new positions and adding to 1,565 existing holdings. Its largest new stake was Global Payments: 1,008,446 shares worth $171M.
By sector, the portfolio is most concentrated in Healthcare at 8.6% of assets, down from 11% a quarter earlier, followed by Technology and Financials.
On the sell side, the largest reduction was iShares 1-5 Year Investment Grade Corporate Bond ETF, an estimated $127M trimmed.
- Millennium Management's largest Q2 2020 buy was Global Payments: 1,008,446 shares worth $171M.
- Millennium Management added most to Lowe's Companies in Q2 2020, an estimated $217M increase.
- Millennium Management's biggest Q2 2020 reduction was iShares 1-5 Year Investment Grade Corporate Bond ETF, cutting an estimated $127M.
- Millennium Management fully exited Allergan plc in Q2 2020, selling an estimated $685M.
- Millennium Management's ten largest holdings make up 20% of its $73B portfolio in Q2 2020.
- Millennium Management opened 1,140 new positions and closed 798 in Q2 2020.
- Millennium Management's portfolio value rose 64% quarter-over-quarter to $73B.
Based on Millennium Management's 13F filing for Q2 2020, filed 14 Aug 2020.