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 |
Lowe's Companies
LOW
|
+$217M |
| 2 |
JPMorgan Chase
JPM
|
+$213M |
| 3 |
Intel
INTC
|
+$200M |
| 4 |
FISV
Fiserv Inc
FISV
|
+$184M |
| 5 |
TECD
Tech Data Corp
TECD
|
+$174M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
AGN
Allergan plc
AGN
|
+$685M |
| 2 |
iShares 1-5 Year Investment Grade Corporate Bond ETF
IGSB
|
+$127M |
| 3 |
Meta Platforms (Facebook)
META
|
+$122M |
| 4 |
Merck
MRK
|
+$110M |
| 5 |
NVIDIA
NVDA
|
+$108M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 8.62% |
| 2 | Technology | 7.54% |
| 3 | Financials | 6.93% |
| 4 | Consumer Discretionary | 6.74% |
| 5 | Industrials | 6% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
XLNX
601
DELISTED
Xilinx Inc
XLNX
| $24.8M | 0.03% |
252,395
+243,314
| +2,679% | +$21.6M |
|
602
State Street
STT
$51.6B
| $24.8M | 0.03% |
390,552
+159,833
| +69% | +$9.65M |
|
|
GTM
603
ZoomInfo Technologies
GTM
$1.08B
| $24.8M | 0.03% |
+486,155
| New | +$23.2M |
|
604
iShares Core US Aggregate Bond ETF
AGG
$138B
| $24.7M | 0.03% |
208,756
+160,529
| +333% | +$18.8M |
|
605
CALL
Vertex Pharmaceuticals
VRTX
$123B
| $24.7M | 0.03% |
85,000
+35,000
| +70% | +$9.49M |
|
606
GE Aerospace
GE
$397B
| $24.7M | 0.03% |
724,285
+190,648
| +36% | +$6.43M |
|
607
KKR & Co
KKR
$95.2B
| $24.6M | 0.03% |
796,685
+725,803
| +1,024% | +$19.5M |
|
608
ScottsMiracle-Gro
SMG
$3.86B
| $24.6M | 0.03% |
182,687
+164,018
| +879% | +$21.2M |
|
609
W.W. Grainger
GWW
$61.1B
| $24.5M | 0.03% |
78,121
+76,642
| +5,182% | +$22.1M |
|
|
FEAC.U
610
DELISTED
Flying Eagle Acquisition Corp. Units, each consisting of one share of Class A common stock and one-f
FEAC.U
| $24.5M | 0.03% |
2,106,300
-3,844,300
| -65% | -$40.5M |
|
|
QTS
611
DELISTED
QTS REALTY TRUST, INC.
QTS
| $24.5M | 0.03% |
382,595
+202,346
| +112% | +$12.7M |
|
612
Travere Therapeutics
TVTX
$6.04B
| $24.5M | 0.03% |
1,199,861
+71,987
| +6% | +$1.15M |
|
613
PPG Industries
PPG
$26.5B
| $24.5M | 0.03% |
230,861
+30,805
| +15% | +$2.97M |
|
|
LNW
614
DELISTED
Light & Wonder
LNW
| $24.5M | 0.03% |
1,582,673
+1,556,562
| +5,961% | +$20.3M |
|
615
Williams Companies
WMB
$87.4B
| $24.4M | 0.03% |
1,284,234
-2,055,696
| -62% | -$38.3M |
|
616
Quanterix
QTRX
$174M
| $24.4M | 0.03% |
891,265
+266,741
| +43% | +$6.74M |
|
617
Rio Tinto
RIO
$164B
| $24.4M | 0.03% |
434,034
+153,232
| +55% | +$7.76M |
|
618
Crown Holdings
CCK
$13.2B
| $24.4M | 0.03% |
373,979
+285,365
| +322% | +$18M |
|
619
Equifax
EFX
$20.8B
| $24.1M | 0.03% |
140,441
+32,371
| +30% | +$4.8M |
|
620
PUT
lululemon athletica
LULU
$14.1B
| $24.1M | 0.03% |
77,300
-33,200
| -30% | -$8.49M |
|
621
Philips
PHG
$25.9B
| $24.1M | 0.03% |
633,733
+180,869
| +40% | +$6.29M |
|
622
Insulet
PODD
$9.47B
| $24M | 0.03% |
123,300
+113,477
| +1,155% | +$21.7M |
|
623
PUT
Zoetis
ZTS
$31.3B
| $23.9M | 0.03% |
+174,400
| New | +$22.8M |
|
624
American Express
AXP
$236B
| $23.9M | 0.03% |
250,948
+99,607
| +66% | +$9.17M |
|
625
IDEX
IEX
$17.6B
| $23.8M | 0.03% |
150,898
-61,661
| -29% | -$9.42M |
|
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Millennium Management's Q2 2020 Portfolio in Review
As of Q2 2020, Millennium Management held 4,914 positions worth $73B, up 64% from $44.5B the previous quarter. Its ten largest holdings account for 20% of the portfolio.
Millennium Management deployed $17.6B of net new capital in Q2 2020, opening 1,140 new positions and adding to 1,565 existing holdings. Its largest new stake was Global Payments: 1,008,446 shares worth $171M.
By sector, the portfolio is most concentrated in Healthcare at 8.6% of assets, down from 11% a quarter earlier, followed by Technology and Financials.
On the sell side, the largest reduction was iShares 1-5 Year Investment Grade Corporate Bond ETF, an estimated $127M trimmed.
- Millennium Management's largest Q2 2020 buy was Global Payments: 1,008,446 shares worth $171M.
- Millennium Management added most to Lowe's Companies in Q2 2020, an estimated $217M increase.
- Millennium Management's biggest Q2 2020 reduction was iShares 1-5 Year Investment Grade Corporate Bond ETF, cutting an estimated $127M.
- Millennium Management fully exited Allergan plc in Q2 2020, selling an estimated $685M.
- Millennium Management's ten largest holdings make up 20% of its $73B portfolio in Q2 2020.
- Millennium Management opened 1,140 new positions and closed 798 in Q2 2020.
- Millennium Management's portfolio value rose 64% quarter-over-quarter to $73B.
Based on Millennium Management's 13F filing for Q2 2020, filed 14 Aug 2020.