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 | |
|---|---|---|---|---|---|---|
|
EMBJ
1251
Embraer S.A. ADS
EMBJ
$12.6B
| $9.09M | 0.01% |
1,519,943
+1,046,762
| +221% | +$6.46M |
|
1252
iShares 20+ Year Treasury Bond ETF
TLT
$41.4B
| $9.09M | 0.01% |
55,434
+15,157
| +38% | +$2.5M |
|
1253
Domo
DOMO
$184M
| $9.08M | 0.01% |
282,203
-93,653
| -25% | -$2.08M |
|
1254
Galicia Financial Group
GGAL
$8.11B
| $9.06M | 0.01% |
+934,248
| New | +$7.97M |
|
1255
Emerson Electric
EMR
$86.7B
| $9.05M | 0.01% |
145,962
-493,005
| -77% | -$28M |
|
1256
MarineMax
HZO
$774M
| $9.04M | 0.01% |
+403,624
| New | +$6.64M |
|
|
GIK.U
1257
DELISTED
GigCapital3, Inc. Units, each consisting of one share of Common Stock and three-fourths of one Redee
GIK.U
| $9.04M | 0.01% |
+900,000
| New | +$8.94M |
|
1258
Harmony Gold Mining
HMY
$10.3B
| $9.02M | 0.01% |
2,162,278
+1,057,768
| +96% | +$3.48M |
|
|
TRHC
1259
DELISTED
Tabula Rasa HealthCare, Inc. Common Stock
TRHC
| $9.01M | 0.01% |
164,587
+82,258
| +100% | +$4.71M |
|
|
EPAY
1260
DELISTED
Bottomline Technologies Inc
EPAY
| $9.01M | 0.01% |
+177,402
| New | +$7.93M |
|
1261
CALL
Edwards Lifesciences
EW
$51.1B
| $8.98M | 0.01% |
130,000
-80,000
| -38% | -$5.69M |
|
1262
CALL
Wells Fargo
WFC
$266B
| $8.96M | 0.01% |
350,000
-110,100
| -24% | -$3.01M |
|
|
AVLR
1263
DELISTED
Avalara, Inc.
AVLR
| $8.96M | 0.01% |
67,289
-13,764
| -17% | -$1.35M |
|
1264
Otter Tail
OTTR
$3.79B
| $8.94M | 0.01% |
230,350
+79,033
| +52% | +$3.33M |
|
1265
CALL
Johnson Controls International
JCI
$88.7B
| $8.92M | 0.01% |
261,200
+244,300
| +1,446% | +$7.52M |
|
|
VSLR
1266
DELISTED
VIVINT SOLAR, INC.
VSLR
| $8.9M | 0.01% |
899,238
+696,493
| +344% | +$5.01M |
|
1267
ConocoPhillips
COP
$145B
| $8.89M | 0.01% |
211,509
-6,116
| -3% | -$247K |
|
1268
Allogene Therapeutics
ALLO
$635M
| $8.87M | 0.01% |
207,179
+155,678
| +302% | +$5.63M |
|
|
QNGY
1269
DELISTED
Quanergy Systems, Inc.
QNGY
| $8.87M | 0.01% |
+45,138
| New | +$8.8M |
|
1270
PUT
General Motors
GM
$79.3B
| $8.86M | 0.01% |
350,000
-43,300
| -11% | -$1.05M |
|
|
GRA
1271
DELISTED
W.R. Grace & Co.
GRA
| $8.85M | 0.01% |
174,084
-44,279
| -20% | -$2.1M |
|
1272
Oshkosh
OSK
$9.16B
| $8.84M | 0.01% |
+123,465
| New | +$8.43M |
|
|
DNMR
1273
DELISTED
Danimer Scientific, Inc.
DNMR
| $8.82M | 0.01% |
+22,500
| New | +$8.74M |
|
|
PRVB
1274
DELISTED
Provention Bio, Inc. Common Stock
PRVB
| $8.76M | 0.01% |
621,070
+41,204
| +7% | +$520K |
|
1275
Heartland Express
HTLD
$949M
| $8.75M | 0.01% |
420,378
+141,992
| +51% | +$2.85M |
|
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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.