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 | |
|---|---|---|---|---|---|---|
3376
TransAlta
TAC
$3.92B
| $657 | ﹤0.01% |
106,866
-81,824
| -43% | -$513K |
|
3377
United Rentals
URI
$68.3B
| $655 | ﹤0.01% |
3,753
-138,468
| -97% | -$23.3M |
|
3378
Invesco CurrencyShares Euro Currency Trust
FXE
$340M
| $653 | ﹤0.01% |
+5,912
| New | +$652K |
|
3379
AMERISAFE
AMSF
$551M
| $652 | ﹤0.01% |
11,363
-5,407
| -32% | -$341K |
|
3380
NBT Bancorp
NBTB
$2.74B
| $652 | ﹤0.01% |
24,300
-26,994
| -53% | -$801K |
|
|
ZYNE
3381
DELISTED
Zynerba Pharmaceuticals, Inc
ZYNE
| $652 | ﹤0.01% |
197,080
-17,723
| -8% | -$65.1K |
|
|
IPG
3382
CALL
DELISTED
Interpublic Group of Companies
IPG
| $650 | ﹤0.01% |
+39,000
| New | +$696K |
|
|
RAPT
3383
CALL
DELISTED
RAPT Therapeutics
RAPT
| $650 | ﹤0.01% |
+2,525
| New | +$560K |
|
3384
Kearny Financial
KRNY
$608M
| $649 | ﹤0.01% |
90,054
-8,283
| -8% | -$63.6K |
|
3385
Fabrinet
FN
$15.6B
| $648 | ﹤0.01% |
10,274
-101,743
| -91% | -$6.84M |
|
3386
PUT
Broadridge
BR
$18.3B
| $647 | ﹤0.01% |
+4,900
| New | +$655K |
|
3387
CorMedix
CRMD
$588M
| $645 | ﹤0.01% |
+107,046
| New | +$538K |
|
3388
ReposiTrak
TRAK
$158M
| $645 | ﹤0.01% |
130,927
-30,744
| -19% | -$143K |
|
3389
Direxion Daily Gold Miners Index Bull 2X ETF
NUGT
$859M
| $644 | ﹤0.01% |
7,600
-1,400
| -16% | -$132K |
|
|
IVA
3390
Inventiva
IVA
$1.04B
| $642 | ﹤0.01% |
+54,412
| New | +$624K |
|
3391
Peapack-Gladstone Financial
PGC
$819M
| $641 | ﹤0.01% |
42,283
-20,936
| -33% | -$351K |
|
3392
Vanguard Total World Stock ETF
VT
$77.6B
| $639 | ﹤0.01% |
7,923
-28,540
| -78% | -$2.29M |
|
3393
Rayonier Advanced Materials
RYAM
$609M
| $638 | ﹤0.01% |
+199,388
| New | +$643K |
|
3394
Protara Therapeutics
TARA
$223M
| $638 | ﹤0.01% |
37,928
+28,698
| +311% | +$665K |
|
|
FLNT
3395
Fluent
FLNT
$104M
| $635 | ﹤0.01% |
42,705
+17,169
| +67% | +$249K |
|
|
AY
3396
DELISTED
Atlantica Sustainable Infrastructure plc Ordinary Shares
AY
| $630 | ﹤0.01% |
22,014
+1,925
| +10% | +$56.3K |
|
|
RVNC
3397
CALL
DELISTED
Revance Therapeutics, Inc.
RVNC
| $629 | ﹤0.01% |
+25,000
| New | +$655K |
|
|
WMC
3398
DELISTED
Western Asset Mortgage Capital Corporation
WMC
| $628 | ﹤0.01% |
30,767
+5,813
| +23% | +$129K |
|
3399
ASML
ASML
$623B
| $627 | ﹤0.01% |
1,699
+509
| +43% | +$190K |
|
|
PCSB
3400
DELISTED
PCSB Financial Corporation
PCSB
| $627 | ﹤0.01% |
51,963
-74,025
| -59% | -$910K |
|
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.