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 | |
|---|---|---|---|---|---|---|
|
MRSN
776
DELISTED
Mersana Therapeutics
MRSN
| $18.2M | 0.02% |
31,078
+10,546
| +51% | +$3.6M |
|
777
Dentsply Sirona
XRAY
$2.86B
| $18.2M | 0.02% |
412,438
+162,733
| +65% | +$6.88M |
|
|
TXNM
778
TXNM Energy Inc
TXNM
$5.94B
| $18.1M | 0.02% |
472,051
+69,238
| +17% | +$2.77M |
|
779
United Airlines
UAL
$43B
| $18.1M | 0.02% |
523,814
-439,594
| -46% | -$13.2M |
|
780
Globe Life
GL
$14.3B
| $18.1M | 0.02% |
244,200
+55,043
| +29% | +$4.18M |
|
781
UWM Holdings
UWMC
$661M
| $18M | 0.02% |
+1,779,500
| New | +$17.8M |
|
782
Stratasys
SSYS
$764M
| $18M | 0.02% |
1,135,287
+1,116,008
| +5,789% | +$18.9M |
|
783
PUT
Eli Lilly
LLY
$995B
| $18M | 0.02% |
109,600
-131,500
| -55% | -$20.2M |
|
784
Mine Safety
MSA
$7.45B
| $18M | 0.02% |
157,093
+147,807
| +1,592% | +$16.4M |
|
785
Rogers Communications
RCI
$18.3B
| $18M | 0.02% |
447,266
+235,617
| +111% | +$9.81M |
|
|
ADAP
786
DELISTED
Adaptimmune Therapeutics
ADAP
| $17.9M | 0.02% |
1,787,604
+331,725
| +23% | +$2.08M |
|
787
T. Rowe Price
TROW
$24.7B
| $17.9M | 0.02% |
+144,630
| New | +$16.5M |
|
788
Cracker Barrel
CBRL
$1.28B
| $17.8M | 0.02% |
160,934
+43,760
| +37% | +$4.34M |
|
789
CALL
Humana
HUM
$43.5B
| $17.8M | 0.02% |
+46,000
| New | +$17.2M |
|
|
PRAH
790
DELISTED
PRA Health Sciences, Inc.
PRAH
| $17.8M | 0.02% |
+183,211
| New | +$17M |
|
|
TREB.U
791
DELISTED
Trebia Acquisition Corp. Units, each consisting of one Class A Ordinary Share, and one-third of one
TREB.U
| $17.8M | 0.02% |
+1,700,000
| New | +$17.7M |
|
792
CALL
Qualcomm
QCOM
$171B
| $17.7M | 0.02% |
+194,200
| New | +$15.6M |
|
793
B&G Foods
BGS
$289M
| $17.7M | 0.02% |
724,861
+183,202
| +34% | +$3.97M |
|
794
CNX Resources
CNX
$5.27B
| $17.6M | 0.02% |
2,040,270
+1,474,170
| +260% | +$14.8M |
|
795
CALL
Thermo Fisher Scientific
TMO
$209B
| $17.5M | 0.02% |
48,400
+38,400
| +384% | +$12.9M |
|
796
Louisiana-Pacific
LPX
$5.37B
| $17.5M | 0.02% |
682,791
-2,145,825
| -76% | -$45.4M |
|
797
ITT
ITT
$18.3B
| $17.5M | 0.02% |
298,100
-52,938
| -15% | -$2.81M |
|
|
BMCH
798
DELISTED
BMC Stock Holdings, Inc
BMCH
| $17.4M | 0.02% |
+693,788
| New | +$15.4M |
|
799
CareTrust REIT
CTRE
$9.65B
| $17.4M | 0.02% |
1,016,137
+377,184
| +59% | +$6.59M |
|
800
Huntington Ingalls Industries
HII
$12.7B
| $17.4M | 0.02% |
+99,467
| New | +$18.5M |
|
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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.