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 | |
|---|---|---|---|---|---|---|
1701
Extreme Networks
EXTR
$3.15B
| $5.56K | 0.01% |
1,383,188
-379,938
| -22% | -$1.65M |
|
1702
Brookfield
BN
$108B
| $5.56K | 0.01% |
314,065
+35,714
| +13% | +$638K |
|
1703
Fortuna Silver Mines
FSM
$3.07B
| $5.55K | 0.01% |
873,245
+295,597
| +51% | +$1.9M |
|
1704
ACM Research
ACMR
$5.79B
| $5.54K | 0.01% |
240,570
-125,016
| -34% | -$3.55M |
|
1705
Akebia Therapeutics
AKBA
$252M
| $5.54K | 0.01% |
+2,207,278
| New | +$19.4M |
|
|
DEH.U
1706
DELISTED
D8 Holdings Corp. Units, each consisting of one Class A ordinary share and one-half of one redeemabl
DEH.U
| $5.54K | 0.01% |
+550,000
| New | +$5.53M |
|
1707
Haverty Furniture Companies
HVT
$454M
| $5.53K | 0.01% |
263,849
+212,436
| +413% | +$3.85M |
|
1708
PUT
Invesco CurrencyShares Euro Currency Trust
FXE
$341M
| $5.52K | 0.01% |
+50,000
| New | +$5.51M |
|
1709
Golar LNG
GLNG
$5.13B
| $5.51K | 0.01% |
910,380
+362,891
| +66% | +$3.25M |
|
|
FFG
1710
DELISTED
FBL Financial Group
FFG
| $5.51K | 0.01% |
114,344
+47,700
| +72% | +$1.9M |
|
1711
Commerce Bancshares
CBSH
$8.5B
| $5.51K | 0.01% |
131,112
+44,527
| +51% | +$1.91M |
|
1712
Insulet
PODD
$9.79B
| $5.5K | 0.01% |
23,260
-100,040
| -81% | -$21.1M |
|
|
EPZM
1713
DELISTED
Epizyme, Inc
EPZM
| $5.5K | 0.01% |
+461,258
| New | +$6.18M |
|
|
WBA
1714
CALL
DELISTED
Walgreens Boots Alliance
WBA
| $5.5K | 0.01% |
+153,000
| New | +$5.98M |
|
|
WIRE
1715
DELISTED
Encore Wire Corp
WIRE
| $5.5K | 0.01% |
118,408
+104,552
| +755% | +$5.23M |
|
1716
Mercer International
MERC
$39.8M
| $5.49K | 0.01% |
831,123
+501,420
| +152% | +$3.84M |
|
|
CSGS
1717
DELISTED
CSG Systems International
CSGS
| $5.48K | 0.01% |
133,921
-28,239
| -17% | -$1.18M |
|
1718
American Homes 4 Rent
AMH
$12.5B
| $5.48K | 0.01% |
192,531
-835,746
| -81% | -$23.6M |
|
1719
Conduent
CNDT
$264M
| $5.45K | 0.01% |
1,714,270
-304,317
| -15% | -$902K |
|
1720
PUT
McKesson
MCK
$101B
| $5.45K | 0.01% |
36,600
| – | – |
|
|
CLLS
1721
Cellectis
CLLS
$285M
| $5.44K | 0.01% |
293,843
-18,200
| -6% | -$323K |
|
1722
International Flavors & Fragrances
IFF
$21.9B
| $5.43K | 0.01% |
44,371
-166,441
| -79% | -$20.7M |
|
1723
PUT
PENN Entertainment
PENN
$2.7B
| $5.43K | 0.01% |
+74,700
| New | +$3.66M |
|
|
XLNX
1724
CALL
DELISTED
Xilinx Inc
XLNX
| $5.43K | 0.01% |
52,100
-25,500
| -33% | -$2.62M |
|
1725
Moody's
MCO
$82.7B
| $5.43K | 0.01% |
18,734
-1,288
| -6% | -$368K |
|
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.