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 | |
|---|---|---|---|---|---|---|
3151
CALL
ICU Medical
ICUI
$4.32B
| $914 | ﹤0.01% |
+5,000
| New | +$941K |
|
3152
Universal Technical Institute
UTI
$2.28B
| $914 | ﹤0.01% |
179,937
+169,584
| +1,638% | +$1.19M |
|
|
LTRPA
3153
DELISTED
Liberty TripAdvisor Holdings, Inc. Series A
LTRPA
| $914 | ﹤0.01% |
528,596
+39,054
| +8% | +$94.1K |
|
3154
PolyPid
PYPD
$83.6M
| $913 | ﹤0.01% |
2,764
-736
| -21% | -$305K |
|
3155
Biglari Holdings Class A
BH.A
$1.23B
| $910 | ﹤0.01% |
1,865
-21
| -1% | -$8.87K |
|
|
MRSH
3156
CALL
Marsh
MRSH
$92B
| $906 | ﹤0.01% |
7,900
| – | – |
|
|
FLOW
3157
DELISTED
SPX FLOW, Inc.
FLOW
| $906 | ﹤0.01% |
+21,161
| New | +$883K |
|
3158
MGE Energy Inc
MGEE
$3.02B
| $905 | ﹤0.01% |
+14,442
| New | +$936K |
|
3159
iShares US Home Construction ETF
ITB
$2.25B
| $904 | ﹤0.01% |
+15,959
| New | +$834K |
|
3160
Urban Outfitters
URBN
$6.65B
| $904 | ﹤0.01% |
43,418
+22,863
| +111% | +$448K |
|
3161
Badger Meter
BMI
$3.97B
| $903 | ﹤0.01% |
+13,807
| New | +$882K |
|
3162
Helmerich & Payne
HP
$3.41B
| $903 | ﹤0.01% |
61,641
-210,863
| -77% | -$3.67M |
|
|
BGFV
3163
DELISTED
Big 5 Sporting Goods
BGFV
| $901 | ﹤0.01% |
120,483
-173,585
| -59% | -$917K |
|
3164
Arcutis Biotherapeutics
ARQT
$3.24B
| $898 | ﹤0.01% |
30,642
+4,703
| +18% | +$126K |
|
3165
iShares Broad USD High Yield Corporate Bond ETF
USHY
$28.6B
| $898 | ﹤0.01% |
+22,743
| New | +$898K |
|
3166
CDW
CDW
$18.9B
| $891 | ﹤0.01% |
7,454
-115,146
| -94% | -$13.2M |
|
3167
ProShares UltraPro Dow 30
UDOW
$885M
| $891 | ﹤0.01% |
+45,800
| New | +$854K |
|
3168
Universal Corp
UVV
$1.3B
| $891 | ﹤0.01% |
21,286
-24,622
| -54% | -$1.05M |
|
|
FSP
3169
Franklin Street Properties
FSP
$48.1M
| $890 | ﹤0.01% |
243,164
+85,736
| +54% | +$402K |
|
3170
Range Resources
RRC
$9.43B
| $887 | ﹤0.01% |
134,047
-27,036
| -17% | -$196K |
|
3171
Host Hotels & Resorts
HST
$17.2B
| $886 | ﹤0.01% |
82,108
-241,694
| -75% | -$2.67M |
|
3172
PUT
HCA Healthcare
HCA
$88B
| $885 | ﹤0.01% |
7,100
| – | – |
|
3173
Nature's Sunshine
NATR
$372M
| $884 | ﹤0.01% |
76,366
+56,410
| +283% | +$603K |
|
3174
Schwab US Broad Market ETF
SCHB
$43.9B
| $879 | ﹤0.01% |
66,210
-48,132
| -42% | -$633K |
|
3175
Schwab US Dividend Equity ETF
SCHD
$104B
| $879 | ﹤0.01% |
47,682
+2,904
| +6% | +$53.4K |
|
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.