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 | |
|---|---|---|---|---|---|---|
626
Oracle
ORCL
$420B
| $23.8M | 0.03% |
431,027
+142,684
| +49% | +$7.56M |
|
|
CCXX.U
627
DELISTED
Churchill Capital Corp III Units, each consisting of one share of Class A Common Stock and one-fourt
CCXX.U
| $23.8M | 0.03% |
2,102,783
-1,137,217
| -35% | -$11.9M |
|
628
Xylem
XYL
$28.5B
| $23.7M | 0.03% |
365,578
+231,141
| +172% | +$15.3M |
|
629
Bilibili
BILI
$7.95B
| $23.7M | 0.03% |
511,694
-496,717
| -49% | -$16.1M |
|
630
Agree Realty
ADC
$9.49B
| $23.7M | 0.03% |
360,384
-112,038
| -24% | -$7.15M |
|
|
631
NVIDIA
NVDA
$5.13T
| $23.7M | 0.03% |
2,492,360
-13,331,280
| -84% | -$108M |
|
|
NTCO
632
DELISTED
Natura &Co Holding S.A. American Depositary Shares (each representing two Common Shares)
NTCO
| $23.7M | 0.03% |
1,630,896
-148,722
| -8% | -$1.95M |
|
633
M&T Bank
MTB
$36.7B
| $23.6M | 0.03% |
227,221
+194,288
| +590% | +$20.5M |
|
634
ResMed
RMD
$32.4B
| $23.6M | 0.03% |
122,878
+59,995
| +95% | +$9.82M |
|
635
NCR Voyix
VYX
$1.22B
| $23.5M | 0.03% |
2,215,740
+2,197,404
| +11,984% | +$25.2M |
|
636
Zurn Elkay Water Solutions
ZWS
$8.82B
| $23.3M | 0.03% |
+1,659,177
| New | +$21.8M |
|
637
Euronet Worldwide
EEFT
$2.93B
| $23.2M | 0.03% |
242,416
+84,379
| +53% | +$7.79M |
|
638
GoDaddy
GDDY
$11.3B
| $23.2M | 0.03% |
316,516
+72,756
| +30% | +$5.23M |
|
|
AFMD
639
DELISTED
Affimed
AFMD
| $23.2M | 0.03% |
502,613
+279,507
| +125% | +$7.78M |
|
640
CALL
Target
TGT
$67.3B
| $23.2M | 0.03% |
193,100
+168,700
| +691% | +$19.3M |
|
|
HZNP
641
DELISTED
Horizon Therapeutics Public Limited Company Ordinary Shares
HZNP
| $23.1M | 0.03% |
+415,376
| New | +$17.8M |
|
|
NVO
642
CALL
Novo Nordisk
NVO
$196B
| $22.9M | 0.03% |
+700,000
| New | +$22.3M |
|
643
CALL
Boeing
BA
$187B
| $22.8M | 0.03% |
124,400
| – | – |
|
644
Mercado Libre
MELI
$95.7B
| $22.8M | 0.03% |
23,121
+14,730
| +176% | +$11M |
|
645
SEI Investments
SEIC
$12.6B
| $22.8M | 0.03% |
413,865
-228,523
| -36% | -$11.9M |
|
646
Coca-Cola Europacific Partners
CCEP
$46.9B
| $22.7M | 0.03% |
601,108
+556,672
| +1,253% | +$21.8M |
|
647
Element Solutions
ESI
$9.48B
| $22.5M | 0.03% |
2,074,940
+2,041,545
| +6,113% | +$20.5M |
|
648
Owens Corning
OC
$11.7B
| $22.5M | 0.03% |
403,690
+305,558
| +311% | +$14.2M |
|
649
RenaissanceRe
RNR
$13.4B
| $22.5M | 0.03% |
131,487
+47,823
| +57% | +$7.85M |
|
|
MNTA
650
DELISTED
Momenta Pharmaceuticals, Inc.
MNTA
| $22.5M | 0.03% |
675,131
-79,939
| -11% | -$2.55M |
|
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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.