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 | |
|---|---|---|---|---|---|---|
3226
iShares ESG Aware MSCI USA ETF
ESGU
$18B
| $811 | ﹤0.01% |
+10,642
| New | +$802K |
|
3227
CALL
Intercontinental Exchange
ICE
$85.2B
| $810 | ﹤0.01% |
8,100
-6,000
| -43% | -$591K |
|
|
NCNA
3228
NuCana
NCNA
$5.62M
| $810 | ﹤0.01% |
+31
| New | +$840K |
|
|
PEI
3229
DELISTED
Pennsylvania Real Estate Investment Trust
PEI
| $810 | ﹤0.01% |
97,501
+80,946
| +489% | +$1.27M |
|
|
SI
3230
DELISTED
Silvergate Capital Corporation
SI
| $809 | ﹤0.01% |
56,207
+41,515
| +283% | +$595K |
|
3231
CALL
Palo Alto Networks
PANW
$283B
| $808 | ﹤0.01% |
19,800
-3,600
| -15% | -$150K |
|
3232
Warner Bros
WBD
$65.4B
| $808 | ﹤0.01% |
37,103
-37,640
| -50% | -$822K |
|
3233
Ambarella
AMBA
$3.63B
| $807 | ﹤0.01% |
15,467
-237,763
| -94% | -$11.5M |
|
3234
Plexus
PLXS
$6.98B
| $807 | ﹤0.01% |
+11,428
| New | +$838K |
|
3235
Albany International
AIN
$2.13B
| $806 | ﹤0.01% |
16,270
-30,560
| -65% | -$1.58M |
|
|
SAFM
3236
DELISTED
Sanderson Farms Inc
SAFM
| $805 | ﹤0.01% |
6,825
-365,071
| -98% | -$42.7M |
|
|
DRD
3237
DRDGold
DRD
$1.81B
| $803 | ﹤0.01% |
+67,779
| New | +$979K |
|
|
EVLO
3238
DELISTED
Evelo Biosciences, Inc. Common Stock
EVLO
| $802 | ﹤0.01% |
7,607
+6,321
| +492% | +$576K |
|
3239
CALL
State Street SPDR S&P Retail ETF
XRT
$329M
| $800 | ﹤0.01% |
16,100
-121,900
| -88% | -$5.97M |
|
3240
Neurogene
NGNE
$656M
| $799 | ﹤0.01% |
3,328
-6,756
| -67% | -$1.64M |
|
|
CFMS
3241
DELISTED
Conformis, Inc. Common Stock
CFMS
| $799 | ﹤0.01% |
38,164
+1,199
| +3% | +$22.9K |
|
3242
BlackRock Enhanced Captial and Income Fund
CII
$1B
| $794 | ﹤0.01% |
51,371
-36,644
| -42% | -$560K |
|
|
INOV
3243
PUT
DELISTED
Inovalon Holdings, Inc. Class A Common Stock
INOV
| $794 | ﹤0.01% |
+30,000
| New | +$702K |
|
3244
MKS Inc
MKSI
$20.9B
| $793 | ﹤0.01% |
7,263
-11,476
| -61% | -$1.34M |
|
|
KALV
3245
DELISTED
KalVista Pharmaceuticals
KALV
| $790 | ﹤0.01% |
62,778
+15,316
| +32% | +$192K |
|
3246
Axos Financial
AX
$5.9B
| $789 | ﹤0.01% |
33,860
-17,247
| -34% | -$394K |
|
3247
Lennar Class B
LEN.B
$20.1B
| $789 | ﹤0.01% |
12,635
-9,327
| -42% | -$503K |
|
3248
CALL
argenx
ARGX
$52B
| $788 | ﹤0.01% |
+3,000
| New | +$721K |
|
3249
ING
ING
$101B
| $788 | ﹤0.01% |
111,283
-352,151
| -76% | -$2.69M |
|
3250
PUT
IQVIA
IQV
$38.4B
| $788 | ﹤0.01% |
5,000
-5,000
| -50% | -$784K |
|
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.