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 | |
|---|---|---|---|---|---|---|
1201
CALL
Bruker
BRKR
$8.14B
| $10.1K | 0.01% |
255,000
+215,000
| +538% | +$8.97M |
|
|
OXFD
1202
DELISTED
Oxford Immunotec Global PLC Ordinary Shares
OXFD
| $10.1K | 0.01% |
864,893
-87,446
| -9% | -$1.16M |
|
1203
Franco-Nevada
FNV
$46B
| $10.1K | 0.01% |
72,460
+70,785
| +4,226% | +$10.5M |
|
|
PDM
1204
Piedmont Realty Trust
PDM
$1.19B
| $10.1K | 0.01% |
744,821
+277,566
| +59% | +$4.3M |
|
1205
Groupon
GRPN
$1.02B
| $10.1K | 0.01% |
494,815
+414,217
| +514% | +$9.66M |
|
1206
KKR & Co
KKR
$92.3B
| $10.1K | 0.01% |
293,766
-502,919
| -63% | -$17.6M |
|
1207
Pegasystems
PEGA
$5.38B
| $10.1K | 0.01% |
166,646
+132,732
| +391% | +$7.63M |
|
1208
eHealth
EHTH
$43.9M
| $10.1K | 0.01% |
127,550
-20,649
| -14% | -$1.67M |
|
1209
CALL
Analog Devices
ADI
$190B
| $10.1K | 0.01% |
86,100
-20,000
| -19% | -$2.34M |
|
1210
Lightspeed Commerce
LSPD
$1.35B
| $10.1K | 0.01% |
+313,909
| New | +$9.63M |
|
|
ACTCU
1211
DELISTED
ArcLight Clean Transition Corp. Unit
ACTCU
| $10K | 0.01% |
+1,000,000
| New | +$10M |
|
|
SGI
1212
Somnigroup International
SGI
$13.7B
| $10K | 0.01% |
449,104
+98,520
| +28% | +$2.04M |
|
1213
Apple Hospitality REIT
APLE
$3.82B
| $10K | 0.01% |
1,041,582
+509,640
| +96% | +$4.91M |
|
|
FIT
1214
CALL
DELISTED
Fitbit, Inc. Class A common stock
FIT
| $10K | 0.01% |
+1,437,000
| New | +$9.33M |
|
|
IVC
1215
DELISTED
Invacare Corporation
IVC
| $9.97K | 0.01% |
1,325,249
+316,640
| +31% | +$2.2M |
|
1216
CALL
iPath Series B S&P 500 VIX Short-Term Futures ETN
VXX
$147M
| $9.96K | 0.01% |
+6,250
| New | +$11.1M |
|
1217
PMV Pharmaceuticals
PMVP
$63.5M
| $9.96K | 0.01% |
+280,425
| New | +$10.3M |
|
1218
PUT
Edwards Lifesciences
EW
$51.7B
| $9.95K | 0.01% |
124,600
-32,600
| -21% | -$2.54M |
|
1219
Avnet
AVT
$7.92B
| $9.94K | 0.01% |
384,714
-3,508
| -0.9% | -$95.1K |
|
1220
Casey's General Stores
CASY
$30.9B
| $9.94K | 0.01% |
55,952
+5,782
| +12% | +$977K |
|
|
BBBY
1221
Bed Bath & Beyond
BBBY
$442M
| $9.93K | 0.01% |
150,377
+91,580
| +156% | +$6.24M |
|
|
YAC
1222
DELISTED
Yucaipa Acquisition Corporation Class A Ordinary Shares
YAC
| $9.93K | 0.01% |
+999,999
| New | +$9.91M |
|
|
BRSL
1223
Brightstar Lottery PLC
BRSL
$2.03B
| $9.92K | 0.01% |
890,998
+51,055
| +6% | +$548K |
|
|
SCVX
1224
DELISTED
SCVX Corp.
SCVX
| $9.91K | 0.01% |
991,220
+180,809
| +22% | +$1.83M |
|
1225
Twist Bioscience
TWST
$7.25B
| $9.91K | 0.01% |
130,427
-418,871
| -76% | -$26.1M |
|
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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.