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 | |
|---|---|---|---|---|---|---|
3501
Madrigal Pharmaceuticals
MDGL
$10.8B
| $526 | ﹤0.01% |
4,434
-36,341
| -89% | -$3.95M |
|
|
CCRN
3502
DELISTED
Cross Country Healthcare
CCRN
| $524 | ﹤0.01% |
80,755
-112,411
| -58% | -$712K |
|
|
AVID
3503
DELISTED
Avid Technology Inc
AVID
| $522 | ﹤0.01% |
61,030
-374,540
| -86% | -$3M |
|
|
TGI
3504
PUT
DELISTED
Triumph Group
TGI
| $521 | ﹤0.01% |
+80,000
| New | +$594K |
|
|
GNOG
3505
DELISTED
Golden Nugget Online Gaming, Inc. Class A Common Stock
GNOG
| $520 | ﹤0.01% |
36,196
-561,684
| -94% | -$8.09M |
|
3506
Kadant
KAI
$3.63B
| $519 | ﹤0.01% |
+4,730
| New | +$536K |
|
3507
Kirby Corp
KEX
$7.01B
| $519 | ﹤0.01% |
14,343
-88,864
| -86% | -$3.92M |
|
3508
Protolabs
PRLB
$1.79B
| $518 | ﹤0.01% |
3,998
-37,091
| -90% | -$4.88M |
|
3509
Kymera Therapeutics
KYMR
$8.51B
| $517 | ﹤0.01% |
+16,008
| New | +$489K |
|
|
ARD
3510
DELISTED
Ardagh Group S.A. Class A Common Shares
ARD
| $515 | ﹤0.01% |
36,661
-87,180
| -70% | -$1.26M |
|
3511
Comfort Systems
FIX
$60.9B
| $514 | ﹤0.01% |
9,969
-127,499
| -93% | -$6.19M |
|
|
ZUO
3512
DELISTED
Zuora, Inc.
ZUO
| $512 | ﹤0.01% |
+49,484
| New | +$573K |
|
3513
First Trust Enhanced Short Maturity ETF
FTSM
$6.49B
| $510 | ﹤0.01% |
8,498
-34,002
| -80% | -$2.04M |
|
3514
CALL
CrowdStrike
CRWD
$194B
| $508 | ﹤0.01% |
+14,800
| New | +$431K |
|
|
3515
PUT
CrowdStrike
CRWD
$194B
| $508 | ﹤0.01% |
+14,800
| New | +$431K |
|
3516
TriMas Corp
TRS
$1.43B
| $508 | ﹤0.01% |
22,302
-161,887
| -88% | -$3.94M |
|
3517
PUT
Expeditors International
EXPD
$22B
| $507 | ﹤0.01% |
5,600
| – | – |
|
|
WMGI
3518
PUT
DELISTED
Wright Medical Group Inc
WMGI
| $507 | ﹤0.01% |
+16,600
| New | +$501K |
|
3519
H.B. Fuller
FUL
$2.97B
| $506 | ﹤0.01% |
11,053
-69,815
| -86% | -$3.3M |
|
3520
Global Indemnity Group
GBLI
$402M
| $506 | ﹤0.01% |
24,358
+973
| +4% | +$23K |
|
3521
1st Source
SRCE
$2.16B
| $506 | ﹤0.01% |
16,417
+9,796
| +148% | +$330K |
|
|
BPYU
3522
DELISTED
Brookfield Property REIT Inc. Class A Common Stock
BPYU
| $506 | ﹤0.01% |
41,310
-675,319
| -94% | -$7.75M |
|
3523
M/I Homes
MHO
$3.74B
| $504 | ﹤0.01% |
+10,937
| New | +$455K |
|
3524
Grid Dynamics Holdings
GDYN
$559M
| $503 | ﹤0.01% |
65,042
+26,081
| +67% | +$188K |
|
3525
PUT
Illinois Tool Works
ITW
$82.6B
| $502 | ﹤0.01% |
2,600
-24,700
| -90% | -$4.69M |
|
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.