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 | |
|---|---|---|---|---|---|---|
|
GSMGW
3001
CALL
DELISTED
Cheer Holding, Inc. Warrant expiring 2/13/2025
GSMGW
| $1.12K | ﹤0.01% |
+400,000
| New | +$26.9K |
|
3002
iShares Core MSCI EAFE ETF
IEFA
$191B
| $1.12K | ﹤0.01% |
+18,562
| New | +$1.12M |
|
|
CMD
3003
DELISTED
Cantel Medical Corporation
CMD
| $1.12K | ﹤0.01% |
25,465
-102,968
| -80% | -$5.07M |
|
3004
CALL
Medpace
MEDP
$16B
| $1.12K | ﹤0.01% |
10,000
| – | – |
|
3005
Warner Music
WMG
$13.1B
| $1.12K | ﹤0.01% |
+38,912
| New | +$1.13M |
|
3006
Calix
CALX
$2.35B
| $1.12K | ﹤0.01% |
62,810
-277,299
| -82% | -$5.23M |
|
3007
First Trust Nasdaq Bank ETF
FTXO
$311M
| $1.12K | ﹤0.01% |
66,004
+11,851
| +22% | +$210K |
|
3008
Vail Resorts
MTN
$5.32B
| $1.11K | ﹤0.01% |
5,209
-254,414
| -98% | -$52.4M |
|
|
BWIN
3009
Baldwin Insurance Group
BWIN
$2.85B
| $1.11K | ﹤0.01% |
44,758
-118,884
| -73% | -$2.57M |
|
3010
PUT
Norfolk Southern
NSC
$75.6B
| $1.11K | ﹤0.01% |
5,200
-1,000
| -16% | -$201K |
|
3011
Alcoa
AA
$11.8B
| $1.11K | ﹤0.01% |
+95,562
| New | +$1.28M |
|
3012
PUT
TJX Companies
TJX
$174B
| $1.11K | ﹤0.01% |
19,900
-300,000
| -94% | -$16.2M |
|
|
CPE
3013
DELISTED
Callon Petroleum Company
CPE
| $1.1K | ﹤0.01% |
228,668
-528,519
| -70% | -$4.66M |
|
3014
PUT
Sysco
SYY
$40.7B
| $1.1K | ﹤0.01% |
17,700
| – | – |
|
3015
CALL
PNC Financial Services
PNC
$100B
| $1.1K | ﹤0.01% |
10,000
-2,300
| -19% | -$247K |
|
3016
PUT
SolarEdge
SEDG
$2.74B
| $1.1K | ﹤0.01% |
+4,600
| New | +$884K |
|
|
CCXI
3017
CALL
DELISTED
ChemoCentryx, Inc.
CCXI
| $1.1K | ﹤0.01% |
+20,000
| New | +$1.08M |
|
3018
PUT
Corteva
CTVA
$50.7B
| $1.09K | ﹤0.01% |
38,000
-8,200
| -18% | -$231K |
|
|
SF
3019
Stifel
SF
$12.7B
| $1.09K | ﹤0.01% |
48,685
+23,793
| +96% | +$531K |
|
3020
Schwab International Equity ETF
SCHF
$67.1B
| $1.09K | ﹤0.01% |
69,592
-27,310
| -28% | -$429K |
|
|
JBTM
3021
JBT Marel
JBTM
$7.41B
| $1.09K | ﹤0.01% |
11,866
-78,991
| -87% | -$7.57M |
|
3022
Invesco
IVZ
$13.6B
| $1.09K | ﹤0.01% |
95,389
+62,410
| +189% | +$661K |
|
3023
South Plains Financial
SPFI
$840M
| $1.09K | ﹤0.01% |
+87,616
| New | +$1.21M |
|
3024
LyondellBasell Industries
LYB
$19.6B
| $1.09K | ﹤0.01% |
15,413
-45,006
| -74% | -$3.11M |
|
3025
Principal Financial Group
PFG
$24.6B
| $1.08K | ﹤0.01% |
26,941
-149,438
| -85% | -$6.37M |
|
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.