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 | |
|---|---|---|---|---|---|---|
1226
Agilent Technologies
A
$39.5B
| $9.4M | 0.01% |
106,398
-72,146
| -40% | -$5.91M |
|
1227
Opendoor
OPEN
$3.8B
| $9.4M | 0.01% |
+826,665
| New | +$9.07M |
|
1228
CALL
Regeneron Pharmaceuticals
REGN
$78.2B
| $9.36M | 0.01% |
+15,000
| New | +$8.51M |
|
1229
PUT
Arista Networks
ANET
$233B
| $9.35M | 0.01% |
712,000
+396,800
| +126% | +$5.37M |
|
1230
Winnebago Industries
WGO
$885M
| $9.34M | 0.01% |
140,203
-254,406
| -64% | -$13M |
|
|
DISH
1231
CALL
DELISTED
DISH Network Corp.
DISH
| $9.32M | 0.01% |
+270,000
| New | +$7.51M |
|
1232
New Oriental
EDU
$9.4B
| $9.3M | 0.01% |
71,388
-234,888
| -77% | -$28.6M |
|
1233
State Street Financial Select Sector SPDR ETF
XLF
$58B
| $9.29M | 0.01% |
401,612
+380,312
| +1,786% | +$8.64M |
|
|
CIT
1234
DELISTED
CIT Group Inc.
CIT
| $9.27M | 0.01% |
447,288
+22,863
| +5% | +$442K |
|
|
CIICU
1235
DELISTED
CIIG Merger Corp. Units
CIICU
| $9.26M | 0.01% |
903,785
-30,950
| -3% | -$311K |
|
1236
Axogen
AXGN
$2.46B
| $9.23M | 0.01% |
998,732
+715,651
| +253% | +$6.41M |
|
1237
Glaukos
GKOS
$10.1B
| $9.23M | 0.01% |
240,123
+191,243
| +391% | +$7.12M |
|
1238
Logitech
LOGI
$15.1B
| $9.21M | 0.01% |
+141,186
| New | +$7.52M |
|
1239
CALL
US Bancorp
USB
$99.6B
| $9.21M | 0.01% |
250,000
-19,800
| -7% | -$706K |
|
1240
Banco Macro
BMA
$5.93B
| $9.2M | 0.01% |
+495,923
| New | +$9.18M |
|
|
AGEN
1241
Agenus
AGEN
$326M
| $9.19M | 0.01% |
+119,180
| New | +$7.14M |
|
|
ATRI
1242
DELISTED
Atrion Corp
ATRI
| $9.17M | 0.01% |
14,392
+8,155
| +131% | +$5.33M |
|
1243
CALL
Norfolk Southern
NSC
$75.6B
| $9.16M | 0.01% |
52,200
-500
| -0.9% | -$84.7K |
|
1244
Constellium
CSTM
$3.85B
| $9.14M | 0.01% |
1,190,542
+1,154,603
| +3,213% | +$8.39M |
|
1245
PUT
CVS Health
CVS
$134B
| $9.14M | 0.01% |
140,700
-136,500
| -49% | -$8.6M |
|
1246
CALL
Altria Group
MO
$114B
| $9.14M | 0.01% |
232,900
-111,900
| -32% | -$4.37M |
|
1247
Vornado Realty Trust
VNO
$7.51B
| $9.12M | 0.01% |
+238,555
| New | +$9.26M |
|
1248
Liquidia Corp
LQDA
$7.46B
| $9.11M | 0.01% |
1,081,736
+544,534
| +101% | +$4.13M |
|
1249
Leidos
LDOS
$14.9B
| $9.11M | 0.01% |
+97,205
| New | +$9.57M |
|
|
BECN
1250
DELISTED
Beacon Roofing Supply, Inc.
BECN
| $9.09M | 0.01% |
344,737
+251,722
| +271% | +$5.62M |
|
Similar funds
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.