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 | |
|---|---|---|---|---|---|---|
|
THS
851
DELISTED
Treehouse Foods
THS
| $16.3M | 0.02% |
372,787
+138,850
| +59% | +$6.77M |
|
|
VRT.WS
852
CALL
DELISTED
Vertiv Holdings Co Warrants, each whole warrant exercisable for one share of Class A Common Stock at
VRT.WS
| $16.3M | 0.02% |
1,203,657
+147,059
| +14% | +$474K |
|
853
Innovative Industrial Properties
IIPR
$1.75B
| $16.3M | 0.02% |
185,269
+171,190
| +1,216% | +$13.9M |
|
854
Jones Lang LaSalle
JLL
$16.9B
| $16.3M | 0.02% |
157,463
+131,066
| +497% | +$13.5M |
|
|
FL
855
DELISTED
Foot Locker
FL
| $16.2M | 0.02% |
556,957
+88,026
| +19% | +$2.32M |
|
856
Starbucks
SBUX
$120B
| $16.2M | 0.02% |
220,212
-633,959
| -74% | -$47.6M |
|
857
PUT
TJX Companies
TJX
$174B
| $16.2M | 0.02% |
319,900
-73,800
| -19% | -$3.71M |
|
858
Paycom
PAYC
$8.17B
| $16.2M | 0.02% |
52,190
+48,567
| +1,341% | +$12.9M |
|
859
Vulcan Materials
VMC
$36.9B
| $16.1M | 0.02% |
+139,286
| New | +$15.3M |
|
860
Iovance Biotherapeutics
IOVA
$1.95B
| $16.1M | 0.02% |
587,509
+429,579
| +272% | +$14.1M |
|
861
Steris
STE
$22.7B
| $16.1M | 0.02% |
105,038
+5,883
| +6% | +$896K |
|
|
CBB
862
DELISTED
Cincinnati Bell Inc.
CBB
| $16.1M | 0.02% |
1,082,194
+1,058,974
| +4,561% | +$15.6M |
|
863
Highwoods Properties
HIW
$3.64B
| $16.1M | 0.02% |
430,399
-188,136
| -30% | -$7M |
|
864
Synaptics
SYNA
$4.16B
| $16M | 0.02% |
266,919
+59,324
| +29% | +$3.72M |
|
865
Fomento Económico Mexicano
FMX
$43B
| $16M | 0.02% |
258,702
+253,787
| +5,164% | +$16.2M |
|
|
LAZR
866
DELISTED
Luminar Technologies
LAZR
| $16M | 0.02% |
100,000
-12,332
| -11% | -$1.91M |
|
867
Crane NXT
CXT
$3.15B
| $16M | 0.02% |
775,410
+342,276
| +79% | +$6.4M |
|
|
TPH
868
DELISTED
Tri Pointe Homes
TPH
| $16M | 0.02% |
+1,090,225
| New | +$13.4M |
|
869
BP
BP
$109B
| $16M | 0.02% |
684,951
+669,913
| +4,455% | +$16.1M |
|
870
Travel + Leisure Co
TNL
$4.78B
| $16M | 0.02% |
566,204
+553,493
| +4,354% | +$15M |
|
871
NovoCure
NVCR
$1.89B
| $15.9M | 0.02% |
268,979
+264,373
| +5,740% | +$17.4M |
|
872
Fiverr
FVRR
$347M
| $15.9M | 0.02% |
215,889
+161,648
| +298% | +$8.31M |
|
873
CALL
Oracle
ORCL
$420B
| $15.9M | 0.02% |
287,400
+207,100
| +258% | +$11M |
|
874
SL Green Realty
SLG
$3.97B
| $15.9M | 0.02% |
332,508
+189,927
| +133% | +$8.72M |
|
|
VIVO
875
DELISTED
Meridian Bioscience Inc
VIVO
| $15.9M | 0.02% |
681,224
-487,161
| -42% | -$7.06M |
|
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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.