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 | |
|---|---|---|---|---|---|---|
701
Guardant Health
GH
$22.6B
| $22.5K | 0.03% |
200,907
-122,363
| -38% | -$11.2M |
|
702
CALL
Duke Energy
DUK
$97.3B
| $22.4K | 0.03% |
253,400
+250,600
| +8,950% | +$20.7M |
|
703
Evertec
EVTC
$1.78B
| $22.4K | 0.03% |
646,106
+539,401
| +506% | +$17.3M |
|
|
UFS
704
DELISTED
DOMTAR CORPORATION (New)
UFS
| $22.4K | 0.03% |
852,935
+591,532
| +226% | +$15M |
|
|
WRI
705
DELISTED
Weingarten Realty Investors
WRI
| $22.4K | 0.03% |
1,319,650
+1,130,549
| +598% | +$19.9M |
|
|
ETWO
706
DELISTED
E2open Parent Holdings
ETWO
| $22.4K | 0.03% |
2,149,719
+510,000
| +31% | +$5.25M |
|
707
Devon Energy
DVN
$47.3B
| $22.3K | 0.03% |
2,362,363
-1,544,423
| -40% | -$16.3M |
|
708
Cirrus Logic
CRUS
$6.26B
| $22.2K | 0.03% |
328,758
-248,390
| -43% | -$15.6M |
|
709
BJs Wholesale Club
BJ
$12.3B
| $22.2K | 0.03% |
533,382
-584,121
| -52% | -$24.1M |
|
|
FAII.U
710
DELISTED
Fortress Value Acquisition Corp. II Units, each consisting of one share of Class A common stock and
FAII.U
| $22.2K | 0.03% |
+2,151,500
| New | +$22.1M |
|
711
Truist Financial
TFC
$64B
| $22.1K | 0.03% |
581,894
-101,797
| -15% | -$3.84M |
|
712
PTC
PTC
$16B
| $22.1K | 0.03% |
267,384
+139,052
| +108% | +$11.8M |
|
713
Rockwell Automation
ROK
$49B
| $22.1K | 0.03% |
100,179
+74,149
| +285% | +$16.6M |
|
714
Advance Auto Parts
AAP
$3.49B
| $22.1K | 0.03% |
143,926
-446,009
| -76% | -$67.2M |
|
715
PUT
CSX Corp
CSX
$93.1B
| $22.1K | 0.03% |
851,700
+21,900
| +3% | +$540K |
|
716
Armstrong World Industries
AWI
$7.84B
| $22K | 0.03% |
320,143
-108,537
| -25% | -$7.94M |
|
717
Virtu Financial
VIRT
$4.93B
| $22K | 0.03% |
956,418
+170,893
| +22% | +$4.29M |
|
718
TransUnion
TRU
$15.3B
| $22K | 0.03% |
260,981
-173,479
| -40% | -$15M |
|
719
APA Corp
APA
$13.2B
| $21.9K | 0.03% |
2,317,459
-491,535
| -17% | -$6.73M |
|
720
Allstate
ALL
$67.5B
| $21.9K | 0.03% |
232,688
-451,245
| -66% | -$42.1M |
|
721
Expeditors International
EXPD
$23.2B
| $21.8K | 0.03% |
241,140
+43,218
| +22% | +$3.68M |
|
722
Reinsurance Group of America
RGA
$16.1B
| $21.8K | 0.03% |
229,041
-110,069
| -32% | -$9.91M |
|
|
RDS.A
723
DELISTED
Royal Dutch Shell PLC ADS Class A
RDS.A
| $21.8K | 0.03% |
+865,844
| New | +$26.2M |
|
724
iShares JPMorgan USD Emerging Markets Bond ETF
EMB
$14.7B
| $21.7K | 0.03% |
196,118
+174,109
| +791% | +$19.6M |
|
725
Kilroy Realty
KRC
$4.42B
| $21.7K | 0.03% |
417,625
+134,948
| +48% | +$7.7M |
|
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.