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 | |
|---|---|---|---|---|---|---|
|
MDP
3401
DELISTED
Meredith Corporation
MDP
| $626 | ﹤0.01% |
47,687
+32,683
| +218% | +$457K |
|
3402
iShares MSCI ACWI ex US ETF
ACWX
$11.5B
| $625 | ﹤0.01% |
13,593
-4,304
| -24% | -$198K |
|
|
FLXN
3403
DELISTED
Flexion Therapeutics, Inc.
FLXN
| $625 | ﹤0.01% |
+60,039
| New | +$736K |
|
3404
CALL
Howmet Aerospace
HWM
$114B
| $624 | ﹤0.01% |
37,300
| – | – |
|
3405
Capital Southwest
CSWC
$1.49B
| $623 | ﹤0.01% |
44,354
-87,990
| -66% | -$1.24M |
|
3406
Nutanix
NTNX
$16.4B
| $623 | ﹤0.01% |
28,098
-27,456
| -49% | -$628K |
|
3407
Liquidity Services
LQDT
$1.23B
| $620 | ﹤0.01% |
+83,051
| New | +$547K |
|
|
BCPC
3408
Balchem Corp
BCPC
$5.64B
| $620 | ﹤0.01% |
6,354
-56,026
| -90% | -$5.49M |
|
3409
SPX Corp
SPXC
$10.8B
| $619 | ﹤0.01% |
13,350
+977
| +8% | +$41.2K |
|
3410
CALL
Stanley Black & Decker
SWK
$14.7B
| $616 | ﹤0.01% |
+3,800
| New | +$592K |
|
|
3411
PUT
Stanley Black & Decker
SWK
$14.7B
| $616 | ﹤0.01% |
+3,800
| New | +$592K |
|
3412
Deluxe
DLX
$1.23B
| $615 | ﹤0.01% |
23,912
-170,904
| -88% | -$4.41M |
|
3413
Oric Pharmaceuticals
ORIC
$1.14B
| $612 | ﹤0.01% |
+24,490
| New | +$583K |
|
|
STEL
3414
DELISTED
Stellar Bancorp
STEL
| $612 | ﹤0.01% |
37,471
+10,631
| +40% | +$178K |
|
3415
CALL
WIX.com
WIX
$2.35B
| $612 | ﹤0.01% |
2,400
| – | – |
|
|
3416
PUT
WIX.com
WIX
$2.35B
| $612 | ﹤0.01% |
2,400
-6,700
| -74% | -$1.85M |
|
3417
Paychex
PAYX
$42.1B
| $610 | ﹤0.01% |
7,652
-692,191
| -99% | -$52M |
|
3418
Hawaiian Electric Industries
HE
$2.21B
| $608 | ﹤0.01% |
18,301
-113,522
| -86% | -$3.98M |
|
3419
CALL
Golar LNG
GLNG
$4.94B
| $606 | ﹤0.01% |
+100,000
| New | +$894K |
|
|
COHR
3420
DELISTED
Coherent Inc
COHR
| $606 | ﹤0.01% |
5,463
-2,742
| -33% | -$332K |
|
3421
InfuSystem Holdings
INFU
$192M
| $605 | ﹤0.01% |
+47,218
| New | +$613K |
|
|
NSLR
3422
Neostellar Capital Corp
NSLR
$272M
| $603 | ﹤0.01% |
66,299
-30,401
| -31% | -$318K |
|
|
CALA
3423
DELISTED
Calithera Biosciences, Inc
CALA
| $603 | ﹤0.01% |
8,745
-13,770
| -61% | -$1.2M |
|
3424
Digital Turbine
APPS
$1.02B
| $602 | ﹤0.01% |
+18,388
| New | +$396K |
|
3425
KE Holdings
BEKE
$18.8B
| $601 | ﹤0.01% |
+9,800
| New | +$489K |
|
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.