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 | |
|---|---|---|---|---|---|---|
3051
CNB Financial Corp
CCNE
$1.05B
| $1.03K | ﹤0.01% |
69,557
+22,090
| +47% | +$362K |
|
3052
iShares Russell 1000 ETF
IWB
$49B
| $1.03K | ﹤0.01% |
5,523
-16,045
| -74% | -$2.96M |
|
|
SCHR
3053
Schwab Intermediately-Term US Treasury ETF
SCHR
$13.3B
| $1.03K | ﹤0.01% |
35,234
+24,128
| +217% | +$708K |
|
3054
CB Financial Services
CBFV
$188M
| $1.03K | ﹤0.01% |
54,158
-7,147
| -12% | -$135K |
|
|
NWLI
3055
DELISTED
National Western Life Group, Inc. Class A
NWLI
| $1.03K | ﹤0.01% |
+5,651
| New | +$1.16M |
|
3056
CALL
Inseego
INSG
$120M
| $1.03K | ﹤0.01% |
+10,000
| New | +$1.15M |
|
|
CWEN.A
3057
DELISTED
Clearway Energy Class A
CWEN.A
| $1.03K | ﹤0.01% |
41,717
+21,068
| +102% | +$486K |
|
3058
Talos Energy
TALO
$2.48B
| $1.03K | ﹤0.01% |
159,272
+92,808
| +140% | +$681K |
|
3059
CEMIG Preferred Shares
CIG
$6.24B
| $1.03K | ﹤0.01% |
1,045,527
-4,629,303
| -82% | -$5.1M |
|
3060
TETRA Technologies
TTI
$1.15B
| $1.02K | ﹤0.01% |
2,006,713
-970,956
| -33% | -$593K |
|
|
MRSN
3061
CALL
DELISTED
Mersana Therapeutics
MRSN
| $1.02K | ﹤0.01% |
+2,200
| New | +$1.11M |
|
|
ETRN
3062
DELISTED
Equitrans Midstream Corporation Common Stock
ETRN
| $1.02K | ﹤0.01% |
121,079
-147,870
| -55% | -$1.45M |
|
3063
Littelfuse
LFUS
$11.3B
| $1.02K | ﹤0.01% |
5,764
-206
| -3% | -$36.6K |
|
3064
Federal Agricultural Mortgage
AGM
$2.58B
| $1.02K | ﹤0.01% |
+16,024
| New | +$1.04M |
|
3065
Barings BDC
BBDC
$881M
| $1.02K | ﹤0.01% |
127,480
-186,442
| -59% | -$1.48M |
|
3066
First Trust Technology AlphaDEX Fund
FXL
$2.63B
| $1.02K | ﹤0.01% |
+11,224
| New | +$988K |
|
3067
HEICO Corp
HEI
$50.4B
| $1.01K | ﹤0.01% |
9,698
+1,912
| +25% | +$198K |
|
|
PRAH
3068
PUT
DELISTED
PRA Health Sciences, Inc.
PRAH
| $1.01K | ﹤0.01% |
+10,000
| New | +$1.02M |
|
3069
Clear Channel Outdoor Holdings
CCO
$1.23B
| $1.01K | ﹤0.01% |
1,012,623
-682,975
| -40% | -$733K |
|
3070
Millicom
TIGO
$15.8B
| $1.01K | ﹤0.01% |
+33,352
| New | +$963K |
|
3071
CALL
Agilent Technologies
A
$39.5B
| $1.01K | ﹤0.01% |
+10,000
| New | +$966K |
|
|
SOGO
3072
DELISTED
Sogou Inc. American Depositary Shares, each representing one Class A Ordinary Share
SOGO
| $1.01K | ﹤0.01% |
+113,544
| New | +$867K |
|
3073
Insight Enterprises
NSIT
$3.98B
| $1.01K | ﹤0.01% |
17,799
-35,085
| -66% | -$1.88M |
|
3074
CALL
FedEx
FDX
$73.2B
| $1.01K | ﹤0.01% |
4,000
-115,400
| -97% | -$23.1M |
|
3075
Independent Bank
INDB
$4.05B
| $1K | ﹤0.01% |
19,188
-75
| -0.4% | -$4.66K |
|
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.