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 | |
|---|---|---|---|---|---|---|
|
ACGN
3551
DELISTED
Aceragen Inc
ACGN
| $475 | ﹤0.01% |
13,070
-22,722
| -63% | -$807K |
|
|
ITMR
3552
DELISTED
Itamar Medical Ltd. American Depository Shares
ITMR
| $475 | ﹤0.01% |
23,350
-60,199
| -72% | -$1.35M |
|
|
TNAV
3553
DELISTED
Telenav Inc.
TNAV
| $475 | ﹤0.01% |
+132,081
| New | +$641K |
|
3554
iShares Russell 3000 ETF
IWV
$19.6B
| $474 | ﹤0.01% |
2,421
-1,826
| -43% | -$353K |
|
|
GTT
3555
DELISTED
GTT Communications, Inc.
GTT
| $473 | ﹤0.01% |
91,608
+18,522
| +25% | +$111K |
|
3556
PUT
Integra LifeSciences
IART
$1.29B
| $472 | ﹤0.01% |
+10,000
| New | +$476K |
|
3557
Inovio Pharmaceuticals
INO
$55.7M
| $472 | ﹤0.01% |
3,394
-6,151
| -64% | -$1.28M |
|
3558
ProShares Short S&P500
SH
$907M
| $472 | ﹤0.01% |
+5,811
| New | +$482K |
|
3559
Baidu
BIDU
$37.7B
| $471 | ﹤0.01% |
3,721
-370,050
| -99% | -$45.9M |
|
3560
Orchestra BioMed
OBIO
$238M
| $471 | ﹤0.01% |
+42,863
| New | +$481K |
|
3561
PUT
VeriSign
VRSN
$26.2B
| $471 | ﹤0.01% |
2,300
| – | – |
|
3562
Nomura Holdings
NMR
$28.3B
| $470 | ﹤0.01% |
102,657
-187,046
| -65% | -$909K |
|
3563
Preferred Bank
PFBC
$1.24B
| $470 | ﹤0.01% |
14,644
+1,704
| +13% | +$63.6K |
|
|
CSPR
3564
DELISTED
Casper Sleep Inc.
CSPR
| $469 | ﹤0.01% |
+65,295
| New | +$545K |
|
3565
Ardmore Shipping
ASC
$710M
| $468 | ﹤0.01% |
+131,562
| New | +$515K |
|
3566
Bank of Marin Bancorp
BMRC
$472M
| $468 | ﹤0.01% |
16,159
-2,891
| -15% | -$90.9K |
|
|
TMQ
3567
Trilogy Metals
TMQ
$541M
| $467 | ﹤0.01% |
260,738
+16,912
| +7% | +$33.5K |
|
3568
UBS Group
UBS
$173B
| $466 | ﹤0.01% |
41,802
-279,152
| -87% | -$3.35M |
|
3569
Essential Properties Realty Trust
EPRT
$6.77B
| $464 | ﹤0.01% |
25,353
-114,014
| -82% | -$1.93M |
|
3570
First Trust Consumer Discretionary AlphaDEX Fund
FXD
$269M
| $457 | ﹤0.01% |
+10,736
| New | +$443K |
|
3571
BHP
BHP
$215B
| $456 | ﹤0.01% |
9,875
-12,635
| -56% | -$608K |
|
3572
Globant
GLOB
$1.58B
| $456 | ﹤0.01% |
+2,542
| New | +$438K |
|
3573
Donnelley Financial Solutions
DFIN
$1.16B
| $455 | ﹤0.01% |
34,069
-237,666
| -87% | -$2.46M |
|
3574
UGI
UGI
$7.74B
| $455 | ﹤0.01% |
13,800
-354,502
| -96% | -$11.8M |
|
3575
First National Corp
FXNC
$287M
| $453 | ﹤0.01% |
32,074
+4
| +0% | +$56 |
|
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.