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 | |
|---|---|---|---|---|---|---|
1151
Artisan Partners
APAM
$3.02B
| $10.8K | 0.01% |
277,221
+57,134
| +26% | +$2.09M |
|
1152
CALL
Host Hotels & Resorts
HST
$16B
| $10.8K | 0.01% |
+1,000,000
| New | +$11M |
|
1153
Cal-Maine
CALM
$3.99B
| $10.8K | 0.01% |
281,166
+190,100
| +209% | +$8.04M |
|
|
BECN
1154
DELISTED
Beacon Roofing Supply, Inc.
BECN
| $10.8K | 0.01% |
347,205
+2,468
| +0.7% | +$74.4K |
|
1155
Rexford Industrial Realty
REXR
$8.19B
| $10.8K | 0.01% |
235,559
-870,032
| -79% | -$39.4M |
|
1156
PUT
NRG Energy
NRG
$24.8B
| $10.8K | 0.01% |
350,000
-200
| -0.1% | -$6.61K |
|
1157
State Street SPDR Bloomberg High Yield Bond ETF
JNK
$6.92B
| $10.7K | 0.01% |
103,064
-16,579
| -14% | -$1.73M |
|
1158
Enovis
ENOV
$1.53B
| $10.7K | 0.01% |
197,955
+113,099
| +133% | +$6.21M |
|
|
DNMR
1159
DELISTED
Danimer Scientific, Inc.
DNMR
| $10.7K | 0.01% |
26,500
+4,000
| +18% | +$1.6M |
|
|
NVTA
1160
DELISTED
Invitae Corporation
NVTA
| $10.7K | 0.01% |
246,493
-92,023
| -27% | -$3.14M |
|
1161
Freeport-McMoran
FCX
$97.5B
| $10.7K | 0.01% |
682,595
-2,306,207
| -77% | -$33.3M |
|
1162
Skyworks Solutions
SWKS
$10.6B
| $10.6K | 0.01% |
73,110
-45,138
| -38% | -$6.28M |
|
1163
CF Industries
CF
$17.3B
| $10.6K | 0.01% |
346,306
-68,801
| -17% | -$2.19M |
|
|
TBIO
1164
DELISTED
Translate Bio, Inc. Common Stock
TBIO
| $10.6K | 0.01% |
777,571
-392,207
| -34% | -$6.05M |
|
|
GTLS
1165
DELISTED
Chart Industries
GTLS
| $10.6K | 0.01% |
150,449
+96,681
| +180% | +$6.29M |
|
1166
Avis
CAR
$5.02B
| $10.6K | 0.01% |
+401,400
| New | +$12.1M |
|
1167
Brixmor Property Group
BRX
$9.32B
| $10.5K | 0.01% |
900,636
+565,894
| +169% | +$6.83M |
|
1168
CALL
O'Reilly Automotive
ORLY
$76.3B
| $10.5K | 0.01% |
342,000
| – | – |
|
|
PBCT
1169
DELISTED
People's United Financial Inc
PBCT
| $10.5K | 0.01% |
1,015,671
-147,159
| -13% | -$1.6M |
|
|
CCX.WS
1170
CALL
DELISTED
Churchill Capital Corp II Warrants, each exercisable for one share of Class A common stock at an exe
CCX.WS
| $10.5K | 0.01% |
992,313
+118,447
| +14% | +$278K |
|
|
MRSH
1171
Marsh
MRSH
$91.5B
| $10.5K | 0.01% |
91,191
+52,269
| +134% | +$5.99M |
|
|
MNR
1172
DELISTED
Monmouth Real Estate Investment Corp
MNR
| $10.4K | 0.01% |
753,900
+310,809
| +70% | +$4.43M |
|
|
SINA
1173
DELISTED
Sina Corp
SINA
| $10.4K | 0.01% |
243,895
+104,298
| +75% | +$4.19M |
|
1174
HealthEquity
HQY
$8.75B
| $10.4K | 0.01% |
202,116
+169,083
| +512% | +$9.29M |
|
1175
Under Armour
UAA
$2.6B
| $10.4K | 0.01% |
923,688
-1,047,596
| -53% | -$11M |
|
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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.