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 | |
|---|---|---|---|---|---|---|
1651
ZTO Express
ZTO
$17.9B
| $5.84K | 0.01% |
195,792
+183,718
| +1,522% | +$6.27M |
|
1652
Selective Insurance
SIGI
$5.73B
| $5.84K | 0.01% |
113,433
+48,723
| +75% | +$2.69M |
|
|
RPTX
1653
DELISTED
Repare Therapeutics
RPTX
| $5.83K | 0.01% |
189,645
-33,599
| -15% | -$890K |
|
1654
Mercury Systems
MRCY
$6.52B
| $5.83K | 0.01% |
75,305
-30,166
| -29% | -$2.29M |
|
1655
Constellium
CSTM
$3.99B
| $5.82K | 0.01% |
741,683
-448,859
| -38% | -$3.71M |
|
|
GLDD
1656
DELISTED
Great Lakes Dredge & Dock
GLDD
| $5.82K | 0.01% |
612,128
+570,213
| +1,360% | +$5.23M |
|
1657
Heartland Express
HTLD
$956M
| $5.81K | 0.01% |
312,448
-107,930
| -26% | -$2.2M |
|
|
TPH
1658
DELISTED
Tri Pointe Homes
TPH
| $5.81K | 0.01% |
320,405
-769,820
| -71% | -$13M |
|
1659
Align Technology
ALGN
$12.3B
| $5.81K | 0.01% |
17,735
-130,691
| -88% | -$39.9M |
|
1660
Northern Trust
NTRS
$33.9B
| $5.8K | 0.01% |
74,412
-369,282
| -83% | -$29.7M |
|
1661
State Street SPDR S&P Bank ETF
KBE
$1.66B
| $5.79K | 0.01% |
+196,751
| New | +$6.12M |
|
1662
TripAdvisor
TRIP
$1.26B
| $5.79K | 0.01% |
295,432
-130,749
| -31% | -$2.75M |
|
1663
JPMorgan Ultra-Short Income ETF
JPST
$40.3B
| $5.78K | 0.01% |
113,843
+38,475
| +51% | +$1.96M |
|
1664
PUT
WisdomTree India Earnings Fund ETF
EPI
$2.06B
| $5.78K | 0.01% |
245,000
| – | – |
|
1665
CALL
United Parcel Service
UPS
$88.9B
| $5.78K | 0.01% |
34,700
-226,600
| -87% | -$33M |
|
|
EFC
1666
Ellington Financial
EFC
$1.71B
| $5.78K | 0.01% |
471,372
+1,327
| +0.3% | +$16.2K |
|
1667
ServiceNow
NOW
$129B
| $5.78K | 0.01% |
59,565
-428,250
| -88% | -$38.2M |
|
1668
NETGEAR
NTGR
$635M
| $5.77K | 0.01% |
187,251
+159,438
| +573% | +$4.84M |
|
|
VSTO
1669
DELISTED
Vista Outdoor Inc.
VSTO
| $5.77K | 0.01% |
285,963
+61,188
| +27% | +$1.12M |
|
1670
Sinclair Inc
SBGI
$1.03B
| $5.77K | 0.01% |
300,006
-36,923
| -11% | -$745K |
|
1671
Enanta Pharmaceuticals
ENTA
$400M
| $5.76K | 0.01% |
125,913
+89,026
| +241% | +$4.31M |
|
|
1672
CALL
Align Technology
ALGN
$12.3B
| $5.76K | 0.01% |
17,600
+12,600
| +252% | +$3.85M |
|
1673
PUT
Petrobras
PBR
$116B
| $5.75K | 0.01% |
808,300
| – | – |
|
1674
CALL
Altria Group
MO
$114B
| $5.75K | 0.01% |
148,900
-84,000
| -36% | -$3.5M |
|
1675
Casella Waste Systems
CWST
$5.69B
| $5.75K | 0.01% |
+102,997
| New | +$5.64M |
|
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.