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 | |
|---|---|---|---|---|---|---|
|
RESI
1076
DELISTED
Front Yard Residential Corporation Common Stock
RESI
| $12.1K | 0.01% |
1,381,238
+165,224
| +14% | +$1.5M |
|
1077
Vertex Pharmaceuticals
VRTX
$126B
| $12.1K | 0.01% |
44,349
-106,592
| -71% | -$29.4M |
|
1078
Aflac
AFL
$62.6B
| $12.1K | 0.01% |
331,613
-1,662,962
| -83% | -$60.6M |
|
1079
Annaly Capital Management
NLY
$17.4B
| $12.1K | 0.01% |
423,122
-650,658
| -61% | -$18.8M |
|
1080
Credit Acceptance
CACC
$6.08B
| $12K | 0.01% |
35,527
+19,022
| +115% | +$8M |
|
1081
Dick's Sporting Goods
DKS
$18.7B
| $12K | 0.01% |
207,792
-736,011
| -78% | -$35.8M |
|
|
HMSY
1082
DELISTED
HMS Holdings Corp.
HMSY
| $12K | 0.01% |
501,473
+289,352
| +136% | +$8.51M |
|
|
GSAH.WS
1083
CALL
DELISTED
GS Acquisition Holdings Corp II Redeemable Warrants, each whole warrant exercisable for one share of
GSAH.WS
| $12K | 0.01% |
+1,115,000
| New | +$2.41M |
|
1084
Novartis
NVS
$297B
| $12K | 0.01% |
137,648
-730,454
| -84% | -$63.3M |
|
1085
Syndax Pharmaceuticals
SNDX
$1.82B
| $11.9K | 0.01% |
809,290
-52,758
| -6% | -$804K |
|
1086
Ralph Lauren
RL
$23.6B
| $11.9K | 0.01% |
175,291
-128,451
| -42% | -$9.15M |
|
1087
Radian Group
RDN
$4.93B
| $11.9K | 0.01% |
814,930
-177,215
| -18% | -$2.64M |
|
|
SOAC.U
1088
DELISTED
Sustainable Opportunities Acquisition Corp. Units, each consisting of one Class A ordinary share and
SOAC.U
| $11.9K | 0.01% |
1,075,000
-300,000
| -22% | -$3.17M |
|
1089
American States Water
AWR
$3.46B
| $11.8K | 0.01% |
158,016
-62,222
| -28% | -$4.78M |
|
1090
Hanover Insurance
THG
$7.98B
| $11.8K | 0.01% |
127,050
+96,147
| +311% | +$9.55M |
|
1091
Opendoor
OPEN
$3.38B
| $11.8K | 0.01% |
644,172
-182,493
| -22% | -$2.18M |
|
1092
PUT
Intuitive Surgical
ISRG
$134B
| $11.8K | 0.01% |
49,800
-23,700
| -32% | -$5.32M |
|
1093
CALL
DraftKings
DKNG
$11.9B
| $11.8K | 0.01% |
+200,000
| New | +$7.78M |
|
1094
PUT
Uber
UBER
$153B
| $11.8K | 0.01% |
322,100
-289,600
| -47% | -$9.56M |
|
1095
PUT
VanEck Gold Miners ETF
GDX
$27.4B
| $11.7K | 0.01% |
+300,000
| New | +$12.2M |
|
1096
Trimble
TRMB
$13.9B
| $11.7K | 0.01% |
241,199
+167,750
| +228% | +$8.01M |
|
|
UNIT
1097
Uniti Group
UNIT
$2.32B
| $11.7K | 0.01% |
1,114,532
+1,017,757
| +1,052% | +$9.86M |
|
1098
Plug Power
PLUG
$3.04B
| $11.7K | 0.01% |
873,141
-3,329,776
| -79% | -$36.7M |
|
1099
Prudential Financial
PRU
$41.8B
| $11.7K | 0.01% |
184,190
+149,593
| +432% | +$9.83M |
|
1100
PUT
Analog Devices
ADI
$190B
| $11.7K | 0.01% |
100,200
+38,900
| +63% | +$4.55M |
|
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.