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 | |
|---|---|---|---|---|---|---|
376
CALL
State Street Consumer Staples Select Sector SPDR ETF
XLP
$14.7B
| $43.6K | 0.05% |
679,500
+57,200
| +9% | +$3.61M |
|
377
CALL
Coca-Cola
KO
$375B
| $43.5K | 0.05% |
881,900
+412,700
| +88% | +$19.8M |
|
378
S&P Global
SPGI
$120B
| $43.5K | 0.05% |
120,678
-239,408
| -66% | -$84.5M |
|
379
CALL
iShares Biotechnology ETF
IBB
$9.71B
| $42.9K | 0.05% |
317,100
-23,000
| -7% | -$3.12M |
|
380
Arch Capital
ACGL
$33.6B
| $42.9K | 0.05% |
1,466,498
-89,784
| -6% | -$2.74M |
|
381
PPG Industries
PPG
$26.6B
| $42.9K | 0.05% |
351,138
+120,277
| +52% | +$14.1M |
|
382
PUT
Texas Instruments
TXN
$261B
| $42.9K | 0.05% |
300,200
+131,000
| +77% | +$17.8M |
|
383
PUT
International Flavors & Fragrances
IFF
$21.9B
| $42.9K | 0.05% |
+350,000
| New | +$43.6M |
|
384
Wells Fargo
WFC
$264B
| $42.8K | 0.05% |
1,821,467
+508,814
| +39% | +$12.5M |
|
385
Boston Beer
SAM
$1.92B
| $42.8K | 0.05% |
48,428
-57,875
| -54% | -$45.7M |
|
386
Carnival Corporation Ltd
CCL
$39.7B
| $42.7K | 0.05% |
2,811,126
+2,675,286
| +1,969% | +$41.4M |
|
387
PUT
IBM
IBM
$224B
| $42.5K | 0.05% |
365,159
+53,660
| +17% | +$6.32M |
|
388
T-Mobile US
TMUS
$190B
| $42.4K | 0.05% |
370,558
+106,496
| +40% | +$11.8M |
|
|
LSI
389
DELISTED
Life Storage, Inc.
LSI
| $41.9K | 0.05% |
597,264
+294,132
| +97% | +$19.9M |
|
|
MPT
390
Medical Properties Trust
MPT
$2.81B
| $41.8K | 0.05% |
2,370,498
+1,201,387
| +103% | +$22.4M |
|
391
Monolithic Power Systems
MPWR
$68.9B
| $41.7K | 0.05% |
149,098
+113,112
| +314% | +$29.4M |
|
392
Snap
SNAP
$9.01B
| $41.5K | 0.05% |
+1,588,614
| New | +$37M |
|
|
XYZ
393
PUT
Block Inc
XYZ
$47.5B
| $41.2K | 0.05% |
253,200
-639,800
| -72% | -$90.3M |
|
394
PUT
Autodesk
ADSK
$52.6B
| $41.1K | 0.05% |
178,000
+64,400
| +57% | +$15.3M |
|
395
CareTrust REIT
CTRE
$9.74B
| $41.1K | 0.05% |
2,310,318
+1,294,181
| +127% | +$23.5M |
|
396
Clover Health Investments
CLOV
$2.51B
| $41K | 0.05% |
3,294,079
+794,080
| +32% | +$8.79M |
|
|
WRK
397
DELISTED
WestRock Company
WRK
| $41K | 0.05% |
1,181,471
-194,184
| -14% | -$6M |
|
|
XEC
398
DELISTED
CIMAREX ENERGY CO
XEC
| $41K | 0.05% |
1,683,491
-85,221
| -5% | -$2.24M |
|
399
Emerson Electric
EMR
$88.3B
| $40.9K | 0.05% |
624,004
+478,042
| +328% | +$31.5M |
|
400
iShares MSCI Emerging Markets ETF
EEM
$30B
| $40.9K | 0.05% |
+927,731
| New | +$40.7M |
|
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.