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 | |
|---|---|---|---|---|---|---|
1476
LivePerson
LPSN
$32.3M
| $7.31K | 0.01% |
9,370
+1,816
| +24% | +$1.36M |
|
1477
HUB Group
HUBG
$2.92B
| $7.3K | 0.01% |
290,936
-271,380
| -48% | -$7.02M |
|
1478
Kite Realty
KRG
$5.36B
| $7.3K | 0.01% |
630,538
+558,966
| +781% | +$6.15M |
|
|
CLII.U
1479
DELISTED
Climate Change Crisis Real Impact I Acquisition Corporation Units, each consisting of one share of C
CLII.U
| $7.3K | 0.01% |
+726,300
| New | +$7.3M |
|
|
VAPO
1480
DELISTED
Vapotherm, Inc. Common Stock
VAPO
| $7.3K | 0.01% |
31,456
+9,248
| +42% | +$2.67M |
|
1481
Marten Transport
MRTN
$1.22B
| $7.3K | 0.01% |
447,068
+36,173
| +9% | +$640K |
|
1482
Regeneron Pharmaceuticals
REGN
$80.8B
| $7.3K | 0.01% |
13,034
+7,588
| +139% | +$4.6M |
|
1483
Axsome Therapeutics
AXSM
$10.9B
| $7.29K | 0.01% |
102,319
-54,935
| -35% | -$4.28M |
|
1484
Gilead Sciences
GILD
$165B
| $7.28K | 0.01% |
115,237
-520,027
| -82% | -$36.1M |
|
|
ATNX
1485
DELISTED
Athenex, Inc. Common Stock
ATNX
| $7.27K | 0.01% |
30,025
+15,491
| +107% | +$3.72M |
|
1486
Zscaler
ZS
$27.3B
| $7.24K | 0.01% |
51,449
-325,048
| -86% | -$42.2M |
|
1487
Illinois Tool Works
ITW
$84.5B
| $7.24K | 0.01% |
37,459
-74,291
| -66% | -$14.1M |
|
1488
iShares 1-5 Year Investment Grade Corporate Bond ETF
IGSB
$23B
| $7.23K | 0.01% |
131,699
-267,553
| -67% | -$14.7M |
|
1489
DXC Technology
DXC
$1.73B
| $7.21K | 0.01% |
403,765
+134,805
| +50% | +$2.46M |
|
1490
Rogers Communications
RCI
$18.6B
| $7.21K | 0.01% |
181,704
-265,562
| -59% | -$10.9M |
|
|
VG
1491
DELISTED
Vonage Holdings Corporation
VG
| $7.2K | 0.01% |
703,545
+508,764
| +261% | +$5.64M |
|
1492
Entegris
ENTG
$23.2B
| $7.2K | 0.01% |
96,790
+79,760
| +468% | +$5.35M |
|
1493
PUT
Capital One
COF
$134B
| $7.19K | 0.01% |
100,000
| – | – |
|
1494
Prothena Corp
PRTA
$450M
| $7.18K | 0.01% |
719,139
+74,312
| +12% | +$894K |
|
1495
Alamos Gold
AGI
$13.9B
| $7.18K | 0.01% |
814,582
+614,308
| +307% | +$6.19M |
|
1496
PUT
Johnson Controls International
JCI
$92.2B
| $7.17K | 0.01% |
175,500
+84,800
| +93% | +$3.32M |
|
1497
PagSeguro Digital
PAGS
$2.55B
| $7.17K | 0.01% |
190,039
-110,476
| -37% | -$4.29M |
|
1498
Ares Capital
ARCC
$14.4B
| $7.13K | 0.01% |
511,044
-342,695
| -40% | -$4.87M |
|
|
DCH
1499
Dauch Corp
DCH
$1.51B
| $7.1K | 0.01% |
1,230,847
+1,009,231
| +455% | +$7.22M |
|
|
B
1500
Barrick Mining
B
$73.2B
| $7.1K | 0.01% |
252,459
+236,882
| +1,521% | +$6.75M |
|
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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.