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 | |
|---|---|---|---|---|---|---|
3126
Consolidated Edison
ED
$39.8B
| $948 | ﹤0.01% |
12,185
-668,175
| -98% | -$49.3M |
|
|
SEM
3127
DELISTED
Select Medical
SEM
| $948 | ﹤0.01% |
84,507
-213,117
| -72% | -$2.1M |
|
|
PGTI
3128
DELISTED
PGT, Inc.
PGTI
| $948 | ﹤0.01% |
+54,115
| New | +$950K |
|
3129
Yum China
YUMC
$16.6B
| $946 | ﹤0.01% |
17,870
-200,522
| -92% | -$10.6M |
|
|
APXTU
3130
DELISTED
Apex Technology Acquisition Corporation Unit
APXTU
| $944 | ﹤0.01% |
80,000
| – | – |
|
3131
PUT
Labcorp
LH
$24.9B
| $941 | ﹤0.01% |
5,820
-17,460
| -75% | -$2.77M |
|
3132
MDU Resources
MDU
$4.2B
| $941 | ﹤0.01% |
109,971
-739,332
| -87% | -$6.35M |
|
3133
Ventas
VTR
$46.6B
| $939 | ﹤0.01% |
22,375
-2,966
| -12% | -$119K |
|
|
PVBC
3134
DELISTED
Provident Bancorp
PVBC
| $937 | ﹤0.01% |
+120,244
| New | +$950K |
|
|
GTM
3135
ZoomInfo Technologies
GTM
$1.05B
| $937 | ﹤0.01% |
21,791
-464,364
| -96% | -$18.2M |
|
3136
Royal Caribbean
RCL
$86.7B
| $935 | ﹤0.01% |
14,449
-229,925
| -94% | -$13.5M |
|
3137
Lamb Weston
LW
$7.29B
| $933 | ﹤0.01% |
14,084
-94,193
| -87% | -$6.03M |
|
3138
Kennametal
KMT
$2.66B
| $932 | ﹤0.01% |
+32,189
| New | +$933K |
|
3139
Banco Bilbao Vizcaya Argentaria
BBVA
$157B
| $931 | ﹤0.01% |
339,891
+71,687
| +27% | +$223K |
|
3140
HF Foods Group
HFFG
$79.7M
| $931 | ﹤0.01% |
140,786
-90,177
| -39% | -$733K |
|
3141
HUTCHMED
HCM
$2.01B
| $930 | ﹤0.01% |
28,797
-13,872
| -33% | -$432K |
|
3142
PUT
PPG Industries
PPG
$25.3B
| $928 | ﹤0.01% |
7,600
| – | – |
|
|
OPTN
3143
DELISTED
OptiNose
OPTN
| $926 | ﹤0.01% |
+15,821
| New | +$1.17M |
|
3144
National Health Investors
NHI
$3.68B
| $925 | ﹤0.01% |
15,340
-61,742
| -80% | -$3.81M |
|
|
BHVN
3145
DELISTED
Biohaven Pharmaceutical Holding Company Ltd.
BHVN
| $924 | ﹤0.01% |
14,217
-6,362
| -31% | -$417K |
|
|
MOBL
3146
DELISTED
MobileIron, Inc.
MOBL
| $923 | ﹤0.01% |
131,638
+118,182
| +878% | +$690K |
|
3147
F5
FFIV
$23.1B
| $921 | ﹤0.01% |
7,502
-40,692
| -84% | -$5.47M |
|
3148
iShares Core US Aggregate Bond ETF
AGG
$137B
| $919 | ﹤0.01% |
7,787
-200,969
| -96% | -$23.8M |
|
|
CALT
3149
DELISTED
Calliditas Therapeutics AB American Depositary Shares
CALT
| $917 | ﹤0.01% |
38,221
-13,044
| -25% | -$304K |
|
3150
Eastman Chemical
EMN
$8.23B
| $914 | ﹤0.01% |
11,697
-89,013
| -88% | -$6.71M |
|
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.