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 | |
|---|---|---|---|---|---|---|
1501
OR Royalties Inc
OR
$5.7B
| $6.53M | 0.01% |
652,787
-825,412
| -56% | -$7.62M |
|
|
PETQ
1502
DELISTED
PetIQ, Inc. Class A Common Stock
PETQ
| $6.53M | 0.01% |
187,299
-96,249
| -34% | -$2.7M |
|
1503
Belden
BDC
$4.82B
| $6.52M | 0.01% |
200,335
+188,426
| +1,582% | +$6.27M |
|
1504
Bloom Energy
BE
$64.9B
| $6.51M | 0.01% |
598,019
-451,519
| -43% | -$3.53M |
|
|
LMNX
1505
CALL
DELISTED
Luminex Corp
LMNX
| $6.51M | 0.01% |
+200,000
| New | +$6.33M |
|
1506
Realty Income
O
$59B
| $6.5M | 0.01% |
112,712
+80,487
| +250% | +$4.29M |
|
1507
Otis Worldwide
OTIS
$27.6B
| $6.47M | 0.01% |
+113,847
| New | +$5.9M |
|
|
DENN
1508
DELISTED
Denny's
DENN
| $6.47M | 0.01% |
+640,372
| New | +$6.57M |
|
|
AKUS
1509
DELISTED
Akouos Inc
AKUS
| $6.47M | 0.01% |
+287,442
| New | +$6.41M |
|
1510
CALL
CSX Corp
CSX
$92.1B
| $6.46M | 0.01% |
277,800
-175,200
| -39% | -$3.88M |
|
|
CHPMU
1511
DELISTED
CHP Merger Corp. Unit
CHPMU
| $6.45M | 0.01% |
629,300
-388,449
| -38% | -$3.9M |
|
1512
Kodiak Sciences
KOD
$2.49B
| $6.44M | 0.01% |
118,986
-91,270
| -43% | -$5.15M |
|
1513
CALL
Deere & Co
DE
$163B
| $6.43M | 0.01% |
40,900
+26,300
| +180% | +$3.81M |
|
|
IVC
1514
DELISTED
Invacare Corporation
IVC
| $6.42M | 0.01% |
1,008,609
-390,859
| -28% | -$2.62M |
|
1515
Southwest Gas
SWX
$6.5B
| $6.42M | 0.01% |
93,036
+57,639
| +163% | +$4.19M |
|
|
MNR
1516
DELISTED
Monmouth Real Estate Investment Corp
MNR
| $6.42M | 0.01% |
443,091
-357,554
| -45% | -$4.64M |
|
1517
Telefônica Brasil
VIV
$20.3B
| $6.41M | 0.01% |
723,356
+305,948
| +73% | +$2.77M |
|
1518
PBF Energy
PBF
$7.96B
| $6.4M | 0.01% |
625,377
-1,038,160
| -62% | -$10.4M |
|
1519
Shake Shack
SHAK
$2.6B
| $6.4M | 0.01% |
+120,783
| New | +$6.11M |
|
|
RNAM
1520
DELISTED
Avidity Biosciences
RNAM
| $6.39M | 0.01% |
+226,044
| New | +$6.52M |
|
1521
AMC Global Media
AMCX
$478M
| $6.36M | 0.01% |
271,795
+145,091
| +115% | +$3.8M |
|
1522
Hecla Mining
HL
$9.7B
| $6.36M | 0.01% |
1,944,048
-637,800
| -25% | -$1.76M |
|
1523
Rithm Capital
RITM
$5.62B
| $6.34M | 0.01% |
853,794
+37,195
| +5% | +$241K |
|
|
SUM
1524
DELISTED
Summit Materials, Inc. Class A Common Stock
SUM
| $6.33M | 0.01% |
400,204
-803,016
| -67% | -$11.5M |
|
|
AUY
1525
DELISTED
Yamana Gold, Inc.
AUY
| $6.32M | 0.01% |
1,157,683
+1,105,321
| +2,111% | +$5.28M |
|
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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.