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 | |
|---|---|---|---|---|---|---|
1726
CALL
ON Semiconductor
ON
$19.3B
| $5.42K | 0.01% |
250,000
-30,000
| -11% | -$637K |
|
|
1727
PUT
ON Semiconductor
ON
$19.3B
| $5.42K | 0.01% |
+250,000
| New | +$5.31M |
|
1728
Stride
LRN
$3.43B
| $5.41K | 0.01% |
+205,553
| New | +$7.95M |
|
1729
PUT
United States Oil Fund
USO
$1.84B
| $5.41K | 0.01% |
191,200
| – | – |
|
1730
Kiniksa Pharmaceuticals
KNSA
$5.93B
| $5.41K | 0.01% |
353,029
+130,783
| +59% | +$2.46M |
|
1731
CALL
Valero Energy
VLO
$85.9B
| $5.41K | 0.01% |
124,800
+4,800
| +4% | +$251K |
|
|
SKX
1732
DELISTED
Skechers
SKX
| $5.4K | 0.01% |
178,633
+29,986
| +20% | +$894K |
|
|
VBIV
1733
DELISTED
VBI Vaccines, Inc. New Common Stock (Canada)
VBIV
| $5.39K | 0.01% |
62,776
+46,358
| +282% | +$5.4M |
|
1734
Vulcan Materials
VMC
$36.9B
| $5.38K | 0.01% |
39,723
-99,563
| -71% | -$12.5M |
|
1735
PUT
Arista Networks
ANET
$238B
| $5.36K | 0.01% |
414,400
-297,600
| -42% | -$4.09M |
|
|
RMO
1736
DELISTED
Romeo Power, Inc.
RMO
| $5.34K | 0.01% |
+499,998
| New | +$5.18M |
|
|
LOAK.WS
1737
CALL
DELISTED
Live Oak Acquisition Corp. Redeemable Warrants, each whole warrant exercisable for one share of Clas
LOAK.WS
| $5.34K | 0.01% |
530,000
+80,000
| +18% | +$68.4K |
|
1738
PUT
Ford
F
$55.7B
| $5.33K | 0.01% |
800,000
-500,000
| -38% | -$3.39M |
|
1739
Floor & Decor
FND
$6.68B
| $5.33K | 0.01% |
71,199
+46,159
| +184% | +$3.17M |
|
1740
Matsons
MATX
$6.18B
| $5.32K | 0.01% |
132,705
-4,438
| -3% | -$168K |
|
1741
ProPetro Holding
PUMP
$1.35B
| $5.31K | 0.01% |
1,307,778
-176,037
| -12% | -$957K |
|
1742
Ormat Technologies
ORA
$6.64B
| $5.31K | 0.01% |
89,764
+1,620
| +2% | +$97.7K |
|
1743
Kinross Gold
KGC
$32.8B
| $5.3K | 0.01% |
601,016
-1,975,906
| -77% | -$17.1M |
|
|
NEWR
1744
DELISTED
New Relic, Inc.
NEWR
| $5.29K | 0.01% |
93,952
-20,671
| -18% | -$1.26M |
|
1745
Corteva
CTVA
$51.3B
| $5.29K | 0.01% |
183,768
-1,169,255
| -86% | -$32.9M |
|
|
ISEE
1746
DELISTED
IVERIC bio, Inc. Common Stock
ISEE
| $5.29K | 0.01% |
937,341
+14,377
| +2% | +$68.6K |
|
1747
AMN Healthcare
AMN
$1.4B
| $5.29K | 0.01% |
90,399
+67,247
| +290% | +$3.54M |
|
1748
Abercrombie & Fitch
ANF
$5B
| $5.29K | 0.01% |
379,389
-340,015
| -47% | -$3.97M |
|
1749
CALL
Eli Lilly
LLY
$1.06T
| $5.28K | 0.01% |
35,700
-32,700
| -48% | -$5.06M |
|
1750
CALL
Dollar General
DG
$27.9B
| $5.28K | 0.01% |
25,200
+700
| +3% | +$138K |
|
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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.