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 | |
|---|---|---|---|---|---|---|
1876
Personalis
PSNL
$1.51B
| $4.63K | 0.01% |
213,664
+175,893
| +466% | +$3.5M |
|
1877
Liberty Media Series C
FWONK
$25.9B
| $4.62K | 0.01% |
131,766
-211,582
| -62% | -$7.44M |
|
1878
iShares US Aerospace & Defense ETF
ITA
$14.7B
| $4.62K | 0.01% |
58,346
+46,584
| +396% | +$3.82M |
|
1879
Kroger
KR
$34.7B
| $4.62K | 0.01% |
136,203
-258,477
| -65% | -$8.93M |
|
1880
Sprouts Farmers Market
SFM
$8.14B
| $4.6K | 0.01% |
219,843
-112,959
| -34% | -$2.71M |
|
1881
First American
FAF
$7.62B
| $4.6K | 0.01% |
90,333
-56,176
| -38% | -$2.91M |
|
|
NTUS
1882
DELISTED
Natus Medical Inc
NTUS
| $4.6K | 0.01% |
268,419
+171,517
| +177% | +$3.24M |
|
1883
Steris
STE
$23.1B
| $4.6K | 0.01% |
26,088
-78,950
| -75% | -$12.6M |
|
1884
Occidental Petroleum
OXY
$56B
| $4.59K | 0.01% |
458,476
+162,101
| +55% | +$2.29M |
|
|
ROIC
1885
DELISTED
Retail Opportunity Investments Corp.
ROIC
| $4.59K | 0.01% |
440,320
-18,056
| -4% | -$197K |
|
1886
Edwards Lifesciences
EW
$51.5B
| $4.58K | 0.01% |
57,346
-509,838
| -90% | -$39.8M |
|
1887
Denali Therapeutics
DNLI
$3.89B
| $4.58K | 0.01% |
127,688
+105,379
| +472% | +$3.17M |
|
1888
Mustang Bio
MBIO
$4.55M
| $4.57K | 0.01% |
1,933
+875
| +83% | +$2.16M |
|
1889
CALL
Public Storage
PSA
$61.2B
| $4.57K | 0.01% |
20,500
-14,600
| -42% | -$2.98M |
|
1890
OraSure Technologies
OSUR
$278M
| $4.57K | 0.01% |
375,062
-324,524
| -46% | -$4.43M |
|
1891
Revolve Group
RVLV
$1.73B
| $4.55K | 0.01% |
+277,110
| New | +$4.99M |
|
1892
CALL
United States Oil Fund
USO
$1.86B
| $4.54K | 0.01% |
160,600
| – | – |
|
|
NP
1893
DELISTED
Neenah, Inc. Common Stock
NP
| $4.54K | 0.01% |
121,229
+77,688
| +178% | +$3.49M |
|
|
CTRA
1894
PUT
DELISTED
Coterra Energy
CTRA
| $4.54K | 0.01% |
261,500
| – | – |
|
1895
Logitech
LOGI
$15.2B
| $4.51K | 0.01% |
58,348
-82,838
| -59% | -$5.92M |
|
|
UCB
1896
United Community Banks
UCB
$4.3B
| $4.51K | 0.01% |
266,286
+232,786
| +695% | +$4.19M |
|
1897
Stryker
SYK
$130B
| $4.5K | 0.01% |
21,616
-224,968
| -91% | -$43.7M |
|
1898
Banco Macro
BMA
$5.31B
| $4.49K | 0.01% |
313,718
-182,205
| -37% | -$3.54M |
|
|
1899
Public Storage
PSA
$61.2B
| $4.49K | 0.01% |
20,142
-48,832
| -71% | -$9.98M |
|
|
API
1900
Agora
API
$369M
| $4.48K | 0.01% |
104,184
-44,489
| -30% | -$2.07M |
|
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.