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 | |
|---|---|---|---|---|---|---|
3426
BRC Group Holdings
RILY
$288M
| $600 | ﹤0.01% |
+23,923
| New | +$602K |
|
|
ACB
3427
Aurora Cannabis
ACB
$173M
| $599 | ﹤0.01% |
12,887
+5,435
| +73% | +$516K |
|
3428
Regional Management Corp
RM
$301M
| $597 | ﹤0.01% |
35,863
-68,629
| -66% | -$1.18M |
|
|
MRUS
3429
DELISTED
Merus
MRUS
| $596 | ﹤0.01% |
49,627
-73,676
| -60% | -$952K |
|
|
RDNW
3430
RideNow Group
RDNW
$238M
| $596 | ﹤0.01% |
22,347
-42,143
| -65% | -$1.04M |
|
3431
CALL
Enphase Energy
ENPH
$4.96B
| $595 | ﹤0.01% |
+7,200
| New | +$482K |
|
|
3432
PUT
Enphase Energy
ENPH
$4.96B
| $595 | ﹤0.01% |
+7,200
| New | +$482K |
|
3433
Brookfield Renewable
BEPC
$6.08B
| $594 | ﹤0.01% |
+15,204
| New | +$510K |
|
3434
Stepan Co
SCL
$1.46B
| $594 | ﹤0.01% |
5,453
-7,030
| -56% | -$769K |
|
3435
OSI Systems
OSIS
$3.65B
| $593 | ﹤0.01% |
+7,644
| New | +$570K |
|
|
MDRX
3436
DELISTED
Veradigm Inc. Common Stock
MDRX
| $593 | ﹤0.01% |
+72,799
| New | +$595K |
|
|
FOCS
3437
DELISTED
Focus Financial Partners Inc. Class A
FOCS
| $592 | ﹤0.01% |
18,044
-42,724
| -70% | -$1.51M |
|
3438
Edgewell Personal Care
EPC
$1.25B
| $591 | ﹤0.01% |
21,188
-94,861
| -82% | -$2.81M |
|
|
BRFS
3439
DELISTED
BRF SA
BRFS
| $589 | ﹤0.01% |
179,426
-1,037,704
| -85% | -$3.98M |
|
3440
W&T Offshore
WTI
$534M
| $589 | ﹤0.01% |
327,055
-366,349
| -53% | -$812K |
|
|
SYBX
3441
DELISTED
Synlogic
SYBX
| $588 | ﹤0.01% |
19,401
-1,386
| -7% | -$45.5K |
|
3442
Global Net Lease
GNL
$1.84B
| $587 | ﹤0.01% |
+36,895
| New | +$624K |
|
3443
Research Solutions
RSSS
$73.6M
| $584 | ﹤0.01% |
+258,367
| New | +$638K |
|
3444
CALL
Tyson Foods
TSN
$20.4B
| $583 | ﹤0.01% |
9,800
-24,700
| -72% | -$1.52M |
|
|
3445
PUT
Tyson Foods
TSN
$20.4B
| $583 | ﹤0.01% |
+9,800
| New | +$604K |
|
3446
PUT
Karyopharm Therapeutics
KPTI
$43.5M
| $580 | ﹤0.01% |
+2,647
| New | +$647K |
|
3447
CALL
Ross Stores
ROST
$80.5B
| $579 | ﹤0.01% |
+6,200
| New | +$556K |
|
|
INFN
3448
DELISTED
Infinera Corporation Common Stock
INFN
| $579 | ﹤0.01% |
94,013
-1,359,009
| -94% | -$9.51M |
|
|
GPM
3449
DELISTED
Guggenheim Enhanced Equity Income Fund
GPM
| $579 | ﹤0.01% |
+106,283
| New | +$587K |
|
|
ZAGG
3450
DELISTED
ZAGG Inc Common Stock (Delaware)
ZAGG
| $578 | ﹤0.01% |
206,465
-57,783
| -22% | -$181K |
|
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.