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 | |
|---|---|---|---|---|---|---|
1526
Vanguard Total International Bond ETF
BNDX
$82.2B
| $6.79K | 0.01% |
116,760
+63,251
| +118% | +$3.67M |
|
|
BDN
1527
Brandywine Realty Trust
BDN
$554M
| $6.78K | 0.01% |
655,965
+641,302
| +4,374% | +$6.93M |
|
1528
Empire State Realty Trust
ESRT
$836M
| $6.77K | 0.01% |
1,105,934
+51,021
| +5% | +$331K |
|
1529
iShares Floating Rate Bond ETF
FLOT
$10.3B
| $6.76K | 0.01% |
133,350
+41,958
| +46% | +$2.12M |
|
1530
10x Genomics
TXG
$6.61B
| $6.76K | 0.01% |
+54,225
| New | +$5.69M |
|
1531
Dow Inc
DOW
$21.2B
| $6.76K | 0.01% |
143,672
-165,345
| -54% | -$7.43M |
|
1532
EXL Service
EXLS
$5.29B
| $6.75K | 0.01% |
+511,840
| New | +$6.56M |
|
1533
Renasant Corp
RNST
$3.91B
| $6.75K | 0.01% |
297,177
+242,891
| +447% | +$5.84M |
|
1534
RBC Bearings
RBC
$18B
| $6.75K | 0.01% |
55,672
-16,110
| -22% | -$2.06M |
|
1535
Vanguard Real Estate ETF
VNQ
$39B
| $6.75K | 0.01% |
85,431
-333,438
| -80% | -$26.8M |
|
1536
Berkshire Hathaway Class A
BRK.A
$1.12T
| $6.72K | 0.01% |
21
-149
| -88% | -$45.7M |
|
|
PRFT
1537
DELISTED
Perficient Inc
PRFT
| $6.71K | 0.01% |
156,884
+7,064
| +5% | +$285K |
|
1538
Ecolab
ECL
$79.9B
| $6.7K | 0.01% |
33,531
-134,118
| -80% | -$26.8M |
|
|
DGNR.U
1539
DELISTED
Dragoneer Growth Opportunities Corp. Units, each consisting of one Class A ordinary share, and one-f
DGNR.U
| $6.69K | 0.01% |
+546,486
| New | +$6.48M |
|
1540
iShares 7-10 Year Treasury Bond ETF
IEF
$47.3B
| $6.69K | 0.01% |
54,900
+38,237
| +229% | +$4.66M |
|
1541
Flowserve
FLS
$10.2B
| $6.68K | 0.01% |
244,642
-168,335
| -41% | -$4.91M |
|
1542
Watsco Inc
WSO
$13.6B
| $6.67K | 0.01% |
28,655
-148,053
| -84% | -$33.4M |
|
1543
Schwab Short-Term US Treasury ETF
SCHO
$12.8B
| $6.66K | 0.01% |
258,506
+201,220
| +351% | +$5.19M |
|
1544
Zai Lab
ZLAB
$2.62B
| $6.65K | 0.01% |
79,982
-3,916
| -5% | -$314K |
|
|
SVC
1545
Service Properties Trust
SVC
$1.07B
| $6.64K | 0.01% |
167,145
-371,681
| -69% | -$14.2M |
|
1546
NeoGenomics
NEO
$2.13B
| $6.64K | 0.01% |
+179,933
| New | +$6.69M |
|
1547
Teck Resources
TECK
$32.6B
| $6.64K | 0.01% |
476,828
+134,404
| +39% | +$1.59M |
|
|
BAND
1548
Bandwidth Inc
BAND
$1.61B
| $6.63K | 0.01% |
37,996
-59,211
| -61% | -$8.77M |
|
1549
Silicon Motion
SIMO
$8.68B
| $6.63K | 0.01% |
175,494
+81,774
| +87% | +$3.28M |
|
1550
Xylem
XYL
$28.1B
| $6.63K | 0.01% |
78,775
-286,803
| -78% | -$22.3M |
|
Similar funds
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.