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 | |
|---|---|---|---|---|---|---|
|
ATRI
1601
DELISTED
Atrion Corp
ATRI
| $6.23K | 0.01% |
9,948
-4,444
| -31% | -$2.87M |
|
1602
Insmed
INSM
$28.6B
| $6.21K | 0.01% |
193,213
-109,965
| -36% | -$3.16M |
|
1603
Xcel Energy
XEL
$48.8B
| $6.21K | 0.01% |
89,968
-46,941
| -34% | -$3.2M |
|
1604
Grocery Outlet
GO
$980M
| $6.19K | 0.01% |
157,532
-307,207
| -66% | -$12.7M |
|
1605
Arcos Dorados Holdings
ARCO
$1.74B
| $6.19K | 0.01% |
1,531,917
+32,150
| +2% | +$144K |
|
|
TVTY
1606
DELISTED
Tivity Health, Inc. Common Stock
TVTY
| $6.19K | 0.01% |
441,582
-924,603
| -68% | -$13.3M |
|
1607
JELD-WEN Holding
JELD
$164M
| $6.19K | 0.01% |
273,783
+60,153
| +28% | +$1.23M |
|
1608
PUT
Old Dominion Freight Line
ODFL
$44.9B
| $6.19K | 0.01% |
68,400
| – | – |
|
|
FISV
1609
CALL
Fiserv Inc
FISV
$27.9B
| $6.18K | 0.01% |
+60,000
| New | +$5.98M |
|
|
TWO
1610
Two Harbors Investment
TWO
$1.27B
| $6.18K | 0.01% |
303,553
-39,590
| -12% | -$840K |
|
1611
XPO
XPO
$23.7B
| $6.18K | 0.01% |
211,046
-536,460
| -72% | -$15.4M |
|
1612
Immunic
IMUX
$195M
| $6.18K | 0.01% |
+33,261
| New | +$5.45M |
|
1613
CALL
Kinross Gold
KGC
$32.8B
| $6.17K | 0.01% |
+700,000
| New | +$6.05M |
|
1614
CALL
General Mills
GIS
$19.7B
| $6.17K | 0.01% |
100,000
+83,400
| +502% | +$5.21M |
|
1615
PUT
ConocoPhillips
COP
$141B
| $6.13K | 0.01% |
186,800
-14,200
| -7% | -$538K |
|
1616
CALL
Genworth Financial
GNW
$3.71B
| $6.13K | 0.01% |
+1,830,800
| New | +$4.88M |
|
1617
Box
BOX
$4.6B
| $6.13K | 0.01% |
353,096
-179,665
| -34% | -$3.32M |
|
1618
CALL
Uber
UBER
$153B
| $6.13K | 0.01% |
+168,000
| New | +$5.55M |
|
1619
PUT
Biogen
BIIB
$30.7B
| $6.1K | 0.01% |
21,500
-9,500
| -31% | -$2.65M |
|
1620
GameStop
GME
$8.6B
| $6.1K | 0.01% |
2,391,092
+1,516,300
| +173% | +$2.19M |
|
1621
JetBlue
JBLU
$2.29B
| $6.1K | 0.01% |
538,129
-582,320
| -52% | -$6.54M |
|
1622
Teradata
TDC
$2.55B
| $6.09K | 0.01% |
268,465
+231,803
| +632% | +$5.15M |
|
|
INSUW
1623
CALL
DELISTED
Insurance Acquisition Corp. Warrant
INSUW
| $6.08K | 0.01% |
+514,899
| New | +$1.38M |
|
|
SIVB
1624
DELISTED
SVB Financial Group
SIVB
| $6.08K | 0.01% |
25,273
-33,723
| -57% | -$7.93M |
|
1625
SL Green Realty
SLG
$3.99B
| $6.07K | 0.01% |
135,249
-197,259
| -59% | -$9.14M |
|
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.