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 | |
|---|---|---|---|---|---|---|
401
CALL
iShares 20+ Year Treasury Bond ETF
TLT
$40.9B
| $40.8K | 0.05% |
250,000
+227,200
| +996% | +$37.7M |
|
402
CONMED
CNMD
$1.47B
| $40.7K | 0.05% |
517,017
+49,387
| +11% | +$4.03M |
|
403
PUT
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$32.8B
| $40.4K | 0.05% |
+300,000
| New | +$40.9M |
|
404
PUT
Gilead Sciences
GILD
$165B
| $40.3K | 0.05% |
638,400
-181,200
| -22% | -$12.6M |
|
405
PUT
State Street Energy Select Sector SPDR ETF
XLE
$37.6B
| $40.2K | 0.05% |
2,681,400
-399,200
| -13% | -$7.09M |
|
406
Thomson Reuters
TRI
$44.1B
| $40.1K | 0.05% |
477,685
+370,721
| +347% | +$28.8M |
|
407
CALL
Akamai
AKAM
$15.9B
| $40.1K | 0.05% |
362,800
+258,000
| +246% | +$28.6M |
|
408
AMC Global Media
AMCX
$489M
| $40K | 0.05% |
1,620,159
+1,348,364
| +496% | +$32.4M |
|
|
RTP.U
409
DELISTED
Reinvent Technology Partners Units, each consisting of one Class A ordinary share and one-fourth of
RTP.U
| $39.9K | 0.05% |
+3,474,138
| New | +$39.9M |
|
|
CCIV.U
410
DELISTED
Churchill Capital Corp IV Units, each consisting of one share of Class A common stock and one-fifth
CCIV.U
| $39.8K | 0.05% |
+3,976,322
| New | +$39.8M |
|
|
BEAT
411
DELISTED
BioTelemetry, Inc.
BEAT
| $39.8K | 0.05% |
873,228
+803,992
| +1,161% | +$33.6M |
|
412
Markel Group
MKL
$23.2B
| $39.8K | 0.05% |
40,840
+11,463
| +39% | +$11.6M |
|
413
CMS Energy
CMS
$22.3B
| $39.8K | 0.05% |
647,419
-133,400
| -17% | -$8.17M |
|
414
Norfolk Southern
NSC
$75.1B
| $39.7K | 0.05% |
185,612
+120,236
| +184% | +$24.1M |
|
415
Copart
CPRT
$27.5B
| $39.6K | 0.05% |
1,507,976
-433,380
| -22% | -$10.5M |
|
416
PUT
Chipotle Mexican Grill
CMG
$41.5B
| $39.5K | 0.05% |
1,590,000
-1,435,000
| -47% | -$34.6M |
|
|
RDS.B
417
DELISTED
Royal Dutch Shell PLC ADS Class B
RDS.B
| $39.5K | 0.05% |
1,631,532
-894,882
| -35% | -$25.6M |
|
418
FMC
FMC
$1.33B
| $39.4K | 0.05% |
372,248
+216,672
| +139% | +$23.2M |
|
419
Old Dominion Freight Line
ODFL
$44.9B
| $38.9K | 0.05% |
430,526
+425,208
| +7,996% | +$39.9M |
|
|
TMX
420
DELISTED
Terminix Global Holdings, Inc.
TMX
| $38.9K | 0.05% |
975,990
-214,589
| -18% | -$8.46M |
|
421
PUT
AutoZone
AZO
$51.1B
| $38.9K | 0.05% |
33,000
-12,400
| -27% | -$14.7M |
|
422
Sunrun
RUN
$2.46B
| $38.8K | 0.05% |
503,391
+351,281
| +231% | +$16.5M |
|
423
PUT
Mondelez International
MDLZ
$79.9B
| $38.8K | 0.05% |
675,000
+92,000
| +16% | +$5.12M |
|
424
BioMarin Pharmaceuticals
BMRN
$12.4B
| $38.7K | 0.05% |
509,064
+374,732
| +279% | +$37.9M |
|
425
AptarGroup
ATR
$8.61B
| $38.7K | 0.05% |
341,987
+226,700
| +197% | +$26.5M |
|
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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.