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 | |
|---|---|---|---|---|---|---|
1101
CALL
Norfolk Southern
NSC
$75.1B
| $11.7K | 0.01% |
54,600
+2,400
| +5% | +$482K |
|
1102
PUT
Cleveland-Cliffs
CLF
$6.99B
| $11.7K | 0.01% |
+1,818,300
| New | +$10.9M |
|
1103
Crane NXT
CXT
$3.07B
| $11.7K | 0.01% |
669,940
-105,470
| -14% | -$2.08M |
|
1104
BioCryst Pharmaceuticals
BCRX
$2.4B
| $11.7K | 0.01% |
3,393,912
-3,171,629
| -48% | -$13.6M |
|
1105
STMicroelectronics
STM
$50B
| $11.6K | 0.01% |
+379,528
| New | +$11.2M |
|
1106
Cloudflare
NET
$107B
| $11.6K | 0.01% |
283,565
-291,924
| -51% | -$11.2M |
|
|
QELLU
1107
DELISTED
Qell Acquisition Corp. Unit
QELLU
| $11.6K | 0.01% |
+1,142,578
| New | +$11.6M |
|
|
DISH
1108
DELISTED
DISH Network Corp.
DISH
| $11.6K | 0.01% |
398,228
+116,501
| +41% | +$3.85M |
|
1109
Cincinnati Financial
CINF
$27.1B
| $11.5K | 0.01% |
147,873
-249,125
| -63% | -$19.3M |
|
1110
Cheesecake Factory
CAKE
$5.33B
| $11.5K | 0.01% |
+415,135
| New | +$10.9M |
|
|
GOAC
1111
DELISTED
GO Acquisition Corp. Class A Common Stock
GOAC
| $11.5K | 0.01% |
+1,170,000
| New | +$11.5M |
|
|
HES
1112
DELISTED
Hess
HES
| $11.5K | 0.01% |
280,129
+244,259
| +681% | +$11.6M |
|
|
MFA
1113
MFA Financial
MFA
$933M
| $11.5K | 0.01% |
1,068,894
+51,091
| +5% | +$550K |
|
|
ONEM
1114
DELISTED
1Life Healthcare
ONEM
| $11.4K | 0.01% |
402,984
+353,749
| +718% | +$11.2M |
|
1115
SPDR Gold Trust
GLD
$141B
| $11.4K | 0.01% |
64,517
-22,432
| -26% | -$4.03M |
|
1116
Installed Building Products
IBP
$6.49B
| $11.4K | 0.01% |
112,241
+69,858
| +165% | +$5.99M |
|
|
ETACU
1117
DELISTED
E.Merge Technology Acquisition Corp. Unit
ETACU
| $11.4K | 0.01% |
+1,130,500
| New | +$11.4M |
|
|
GDYNW
1118
CALL
DELISTED
Grid Dynamics Holdings, Inc. Warrant
GDYNW
| $11.4K | 0.01% |
1,470,534
+805,534
| +121% | +$1.29M |
|
1119
Liberty Broadband Class C
LBRDK
$5.15B
| $11.4K | 0.01% |
79,453
+26,098
| +49% | +$3.59M |
|
1120
Sabre
SABR
$835M
| $11.3K | 0.01% |
1,741,435
+1,587,893
| +1,034% | +$11.8M |
|
1121
Arbor Realty Trust
ABR
$998M
| $11.3K | 0.01% |
988,230
+676,433
| +217% | +$7.09M |
|
|
1122
Mastercard
MA
$493B
| $11.3K | 0.01% |
33,341
-644,801
| -95% | -$210M |
|
1123
Zymeworks
ZYME
$1.67B
| $11.2K | 0.01% |
240,938
+14,466
| +6% | +$497K |
|
1124
AstraZeneca
AZN
$250B
| $11.2K | 0.01% |
102,086
-30,960
| -23% | -$3.44M |
|
1125
CALL
Regeneron Pharmaceuticals
REGN
$80.8B
| $11.2K | 0.01% |
20,000
+5,000
| +33% | +$3.03M |
|
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.