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 | |
|---|---|---|---|---|---|---|
1026
Allegion
ALLE
$14.4B
| $12.9K | 0.02% |
130,379
-51,143
| -28% | -$5.19M |
|
|
AXNX
1027
DELISTED
Axonics, Inc. Common Stock
AXNX
| $12.9K | 0.02% |
252,559
-351,690
| -58% | -$14.7M |
|
1028
Ford
F
$55.7B
| $12.9K | 0.02% |
1,932,868
-1,075,767
| -36% | -$7.28M |
|
1029
PUT
3M
MMM
$94.3B
| $12.9K | 0.02% |
96,039
-3,349
| -3% | -$451K |
|
1030
Peloton Interactive
PTON
$2.49B
| $12.8K | 0.02% |
129,412
-201,249
| -61% | -$14.8M |
|
1031
CALL
AutoZone
AZO
$51.1B
| $12.8K | 0.02% |
10,900
-9,000
| -45% | -$10.6M |
|
1032
PUT
Okta
OKTA
$25.8B
| $12.8K | 0.02% |
+60,000
| New | +$12.5M |
|
1033
Marriott International
MAR
$92.3B
| $12.8K | 0.02% |
138,514
-267,963
| -66% | -$25.3M |
|
1034
Ulta Beauty
ULTA
$24.3B
| $12.8K | 0.02% |
57,208
-65,295
| -53% | -$14M |
|
1035
T. Rowe Price
TROW
$24.3B
| $12.8K | 0.02% |
99,705
-44,925
| -31% | -$5.94M |
|
|
HSKA
1036
DELISTED
Heska Corp
HSKA
| $12.8K | 0.02% |
129,406
-16,099
| -11% | -$1.59M |
|
|
BZUN
1037
Baozun
BZUN
$172M
| $12.8K | 0.02% |
393,649
-5,404
| -1% | -$215K |
|
1038
Sony
SONY
$138B
| $12.8K | 0.02% |
831,555
+746,030
| +872% | +$11.6M |
|
1039
Carlisle Companies
CSL
$15.4B
| $12.7K | 0.02% |
104,089
-482,994
| -82% | -$59.3M |
|
1040
EQT Corp
EQT
$32.3B
| $12.7K | 0.02% |
982,748
+490,722
| +100% | +$7.2M |
|
1041
Coty
COTY
$2.48B
| $12.7K | 0.02% |
4,699,036
+2,061,233
| +78% | +$7.78M |
|
|
AXON
1042
Axon Enterprise
AXON
$46.4B
| $12.7K | 0.02% |
139,550
-139,828
| -50% | -$12.2M |
|
|
B
1043
CALL
Barrick Mining
B
$73.2B
| $12.7K | 0.02% |
+450,000
| New | +$12.8M |
|
1044
Diamondrock Hospitality Co
DRH
$2.56B
| $12.6K | 0.02% |
2,494,294
+35,764
| +1% | +$186K |
|
|
SAGE
1045
DELISTED
Sage Therapeutics
SAGE
| $12.6K | 0.02% |
206,751
-94,465
| -31% | -$4.79M |
|
|
SRC
1046
DELISTED
SPIRIT REALTY CAPITAL, INC.
SRC
| $12.5K | 0.02% |
370,358
+257,400
| +228% | +$8.98M |
|
|
WPX
1047
DELISTED
WPX Energy, Inc.
WPX
| $12.5K | 0.02% |
2,547,963
+504,751
| +25% | +$2.79M |
|
|
CUK
1048
DELISTED
Carnival PLC
CUK
| $12.4K | 0.02% |
963,103
-148,751
| -13% | -$1.91M |
|
1049
Unilever
UL
$136B
| $12.4K | 0.02% |
178,900
+136,136
| +318% | +$9.08M |
|
|
PCH
1050
DELISTED
PotlatchDeltic
PCH
| $12.4K | 0.02% |
294,624
+210,250
| +249% | +$8.99M |
|
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.