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 | |
|---|---|---|---|---|---|---|
1201
SSR Mining
SSRM
$5.32B
| $9.71M | 0.01% |
455,444
-1,256,332
| -73% | -$22.5M |
|
1202
Telus
TU
$14.9B
| $9.71M | 0.01% |
579,319
+529,435
| +1,061% | +$8.81M |
|
1203
Jacobs Solutions
J
$16.4B
| $9.71M | 0.01% |
138,452
+123,109
| +802% | +$8.3M |
|
1204
Deere & Co
DE
$163B
| $9.7M | 0.01% |
61,727
-125,233
| -67% | -$18.1M |
|
|
ALTG.WS
1205
CALL
DELISTED
Alta Equipment Group Warrants
ALTG.WS
| $9.68M | 0.01% |
1,245,200
+901,700
| +263% | +$886K |
|
1206
Brighthouse Financial
BHF
$3.55B
| $9.63M | 0.01% |
346,348
+123,988
| +56% | +$3.42M |
|
1207
PUT
Lockheed Martin
LMT
$135B
| $9.63M | 0.01% |
26,400
-88,700
| -77% | -$33.5M |
|
1208
RBC Bearings
RBC
$17.4B
| $9.62M | 0.01% |
71,782
-15,546
| -18% | -$1.98M |
|
1209
CALL
O'Reilly Automotive
ORLY
$72.9B
| $9.61M | 0.01% |
+342,000
| New | +$8.94M |
|
|
CERN
1210
DELISTED
Cerner Corp
CERN
| $9.59M | 0.01% |
139,830
-532,070
| -79% | -$36.6M |
|
1211
Sixth Street Specialty
TSLX
$1.63B
| $9.58M | 0.01% |
581,133
+280,694
| +93% | +$4.67M |
|
1212
CALL
Lam Research
LRCX
$369B
| $9.57M | 0.01% |
296,000
+97,000
| +49% | +$2.65M |
|
1213
Lindsay Corp
LNN
$1.15B
| $9.57M | 0.01% |
103,767
+92,151
| +793% | +$8.45M |
|
1214
Blackrock
BLK
$175B
| $9.55M | 0.01% |
17,559
+16,624
| +1,778% | +$8.39M |
|
1215
Comstock Resources
CRK
$3.94B
| $9.54M | 0.01% |
2,178,663
+2,042,113
| +1,496% | +$12.2M |
|
1216
Clorox
CLX
$11.9B
| $9.54M | 0.01% |
43,465
-255,428
| -85% | -$51M |
|
1217
PUT
JD.com
JD
$44.6B
| $9.53M | 0.01% |
158,400
-257,500
| -62% | -$13M |
|
1218
Sanmina
SANM
$9.95B
| $9.52M | 0.01% |
380,104
+344,769
| +976% | +$9.07M |
|
|
BLD
1219
DELISTED
TopBuild
BLD
| $9.51M | 0.01% |
+83,578
| New | +$8.35M |
|
1220
CALL
Automatic Data Processing
ADP
$107B
| $9.5M | 0.01% |
63,800
-3,100
| -5% | -$444K |
|
1221
Beam Therapeutics
BEAM
$2.67B
| $9.48M | 0.01% |
338,645
+125,540
| +59% | +$2.71M |
|
1222
Corcept Therapeutics
CORT
$12.2B
| $9.48M | 0.01% |
563,490
+212,153
| +60% | +$2.98M |
|
1223
Ingersoll Rand
IR
$34.1B
| $9.45M | 0.01% |
336,045
-1,124,327
| -77% | -$31.8M |
|
1224
PUT
Equinix
EQIX
$102B
| $9.41M | 0.01% |
+13,400
| New | +$9.06M |
|
|
TECX
1225
Tectonic Therapeutic
TECX
$529M
| $9.4M | 0.01% |
44,913
+6,113
| +16% | +$1.26M |
|
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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.