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 | |
|---|---|---|---|---|---|---|
1676
Liberty Global Class C
LBTYK
$3.49B
| $5.75K | 0.01% |
280,091
+125,667
| +81% | +$2.76M |
|
1677
LivaNova
LIVN
$4.2B
| $5.75K | 0.01% |
127,189
-28,273
| -18% | -$1.37M |
|
1678
FNB Corp
FNB
$6.75B
| $5.74K | 0.01% |
846,766
+635,691
| +301% | +$4.67M |
|
1679
RELX
RELX
$62B
| $5.72K | 0.01% |
+255,607
| New | +$5.77M |
|
1680
RLJ Lodging Trust
RLJ
$1.69B
| $5.72K | 0.01% |
660,205
-418,107
| -39% | -$3.75M |
|
1681
Prelude Therapeutics
PRLD
$390M
| $5.71K | 0.01% |
+189,573
| New | +$5.35M |
|
1682
First Commonwealth Financial
FCF
$2.17B
| $5.71K | 0.01% |
737,151
+136,781
| +23% | +$1.09M |
|
|
JIH
1683
DELISTED
Juniper Industrial Holdings, Inc.
JIH
| $5.7K | 0.01% |
544,481
+35,981
| +7% | +$365K |
|
1684
Cognex
CGNX
$11.3B
| $5.69K | 0.01% |
87,353
+53,678
| +159% | +$3.47M |
|
|
BLUE
1685
DELISTED
bluebird bio
BLUE
| $5.68K | 0.01% |
8,129
-6,834
| -46% | -$5.33M |
|
1686
CALL
Advance Auto Parts
AAP
$3.49B
| $5.65K | 0.01% |
36,800
-159,000
| -81% | -$23.9M |
|
1687
CALL
GSK
GSK
$106B
| $5.65K | 0.01% |
+120,000
| New | +$6.01M |
|
1688
Steven Madden
SHOO
$3.55B
| $5.63K | 0.01% |
288,862
+160,589
| +125% | +$3.45M |
|
|
ATSG
1689
DELISTED
Air Transport Services Group
ATSG
| $5.63K | 0.01% |
224,666
+31,608
| +16% | +$789K |
|
|
ADAP
1690
DELISTED
Adaptimmune Therapeutics
ADAP
| $5.62K | 0.01% |
704,756
-1,082,848
| -61% | -$9.48M |
|
1691
Cullen/Frost Bankers
CFR
$10.2B
| $5.62K | 0.01% |
87,936
+82,060
| +1,397% | +$5.75M |
|
|
EB
1692
DELISTED
Eventbrite
EB
| $5.61K | 0.01% |
516,884
+109,323
| +27% | +$1.09M |
|
|
PRTY
1693
DELISTED
Party City Holdco Inc.
PRTY
| $5.61K | 0.01% |
2,157,082
+1,903,238
| +750% | +$4.02M |
|
1694
8x8 Inc
EGHT
$332M
| $5.61K | 0.01% |
360,491
-141,320
| -28% | -$2.27M |
|
1695
Tyler Technologies
TYL
$12.8B
| $5.61K | 0.01% |
16,081
-138,972
| -90% | -$48.1M |
|
1696
Icon
ICLR
$12.7B
| $5.6K | 0.01% |
29,294
-14,949
| -34% | -$2.75M |
|
1697
Dentsply Sirona
XRAY
$2.43B
| $5.59K | 0.01% |
127,748
-284,690
| -69% | -$12.6M |
|
1698
PUT
Palo Alto Networks
PANW
$297B
| $5.58K | 0.01% |
136,800
-3,600
| -3% | -$150K |
|
|
FMBI
1699
DELISTED
First Midwest Bancorp Inc/IL
FMBI
| $5.57K | 0.01% |
517,041
+166,951
| +48% | +$2.06M |
|
1700
Primerica
PRI
$10B
| $5.56K | 0.01% |
49,172
+4,462
| +10% | +$542K |
|
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.