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 |
Lowe's Companies
LOW
|
+$217M |
| 2 |
JPMorgan Chase
JPM
|
+$213M |
| 3 |
Intel
INTC
|
+$200M |
| 4 |
FISV
Fiserv Inc
FISV
|
+$184M |
| 5 |
TECD
Tech Data Corp
TECD
|
+$174M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
AGN
Allergan plc
AGN
|
+$685M |
| 2 |
iShares 1-5 Year Investment Grade Corporate Bond ETF
IGSB
|
+$127M |
| 3 |
Meta Platforms (Facebook)
META
|
+$122M |
| 4 |
Merck
MRK
|
+$110M |
| 5 |
NVIDIA
NVDA
|
+$108M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 8.62% |
| 2 | Technology | 7.54% |
| 3 | Financials | 6.93% |
| 4 | Consumer Discretionary | 6.74% |
| 5 | Industrials | 6% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1901
Old National Bancorp
ONB
$10.2B
| $4.18M | 0.01% |
303,894
+25,824
| +9% | +$348K |
|
|
MRSH
1902
Marsh
MRSH
$90.5B
| $4.18M | 0.01% |
38,922
-141,215
| -78% | -$14.3M |
|
1903
NorthWestern Energy
NWE
$4.23B
| $4.17M | 0.01% |
76,468
+11,709
| +18% | +$678K |
|
1904
General Dynamics
GD
$104B
| $4.17M | 0.01% |
27,886
-278,582
| -91% | -$39.3M |
|
1905
State Street SPDR Bloomberg 1-3 Month T-Bill ETF
BIL
$47.1B
| $4.14M | 0.01% |
45,264
+41,053
| +975% | +$3.76M |
|
1906
State Street Energy Select Sector SPDR ETF
XLE
$39.6B
| $4.14M | 0.01% |
218,644
-94,244
| -30% | -$1.75M |
|
1907
First Bancorp
FBNC
$2.6B
| $4.13M | 0.01% |
164,664
-66,292
| -29% | -$1.6M |
|
1908
California Water Service
CWT
$3.1B
| $4.12M | 0.01% |
86,459
-9,395
| -10% | -$444K |
|
|
CERN
1909
CALL
DELISTED
Cerner Corp
CERN
| $4.11M | 0.01% |
60,000
+39,700
| +196% | +$2.73M |
|
1910
GATX Corp
GATX
$6.35B
| $4.11M | 0.01% |
+67,417
| New | +$4.05M |
|
1911
Guidewire Software
GWRE
$12.6B
| $4.11M | 0.01% |
+37,038
| New | +$3.56M |
|
|
AGNT
1912
AGNT Inc
AGNT
$666M
| $4.1M | 0.01% |
+481,208
| New | +$2.47M |
|
1913
Wabash National
WNC
$512M
| $4.09M | 0.01% |
385,565
+356,859
| +1,243% | +$3.14M |
|
1914
Builders FirstSource
BLDR
$7.15B
| $4.09M | 0.01% |
+197,433
| New | +$3.57M |
|
1915
Enovis
ENOV
$1.68B
| $4.08M | 0.01% |
84,856
+66,243
| +356% | +$2.93M |
|
|
NIU
1916
Niu Technologies
NIU
$203M
| $4.07M | 0.01% |
+254,474
| New | +$2.56M |
|
1917
IAMGOLD
IAG
$8.2B
| $4.06M | 0.01% |
1,027,972
-365,071
| -26% | -$1.26M |
|
1918
iShares MSCI Japan ETF
EWJ
$21.9B
| $4.06M | 0.01% |
+73,849
| New | +$3.92M |
|
1919
Sabesp
SBS
$19.1B
| $4.05M | 0.01% |
1,989,696
+1,875,608
| +1,644% | +$3.14M |
|
1920
PUT
DexCom
DXCM
$31.5B
| $4.05M | 0.01% |
40,000
-8,000
| -17% | -$716K |
|
1921
Cal-Maine
CALM
$4.12B
| $4.05M | 0.01% |
91,066
-23,049
| -20% | -$981K |
|
1922
iShares Short Maturity Bond ETF
NEAR
$4.83B
| $4.05M | 0.01% |
+80,957
| New | +$4M |
|
1923
Envista
NVST
$4.44B
| $4.04M | 0.01% |
+191,349
| New | +$3.59M |
|
1924
Corbus Pharmaceuticals
CRBP
$166M
| $4.03M | 0.01% |
16,006
+14,799
| +1,226% | +$2.99M |
|
|
AZRE
1925
DELISTED
Azure Power Global Limited
AZRE
| $4.03M | 0.01% |
252,404
-2,020
| -0.8% | -$30.4K |
|
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Millennium Management's Q2 2020 Portfolio in Review
As of Q2 2020, Millennium Management held 4,914 positions worth $73B, up 64% from $44.5B the previous quarter. Its ten largest holdings account for 20% of the portfolio.
Millennium Management deployed $17.6B of net new capital in Q2 2020, opening 1,140 new positions and adding to 1,565 existing holdings. Its largest new stake was Global Payments: 1,008,446 shares worth $171M.
By sector, the portfolio is most concentrated in Healthcare at 8.6% of assets, down from 11% a quarter earlier, followed by Technology and Financials.
On the sell side, the largest reduction was iShares 1-5 Year Investment Grade Corporate Bond ETF, an estimated $127M trimmed.
- Millennium Management's largest Q2 2020 buy was Global Payments: 1,008,446 shares worth $171M.
- Millennium Management added most to Lowe's Companies in Q2 2020, an estimated $217M increase.
- Millennium Management's biggest Q2 2020 reduction was iShares 1-5 Year Investment Grade Corporate Bond ETF, cutting an estimated $127M.
- Millennium Management fully exited Allergan plc in Q2 2020, selling an estimated $685M.
- Millennium Management's ten largest holdings make up 20% of its $73B portfolio in Q2 2020.
- Millennium Management opened 1,140 new positions and closed 798 in Q2 2020.
- Millennium Management's portfolio value rose 64% quarter-over-quarter to $73B.
Based on Millennium Management's 13F filing for Q2 2020, filed 14 Aug 2020.