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 | |
|---|---|---|---|---|---|---|
1951
New Jersey Resources
NJR
$5.84B
| $3.9M | 0.01% |
119,540
-52,488
| -31% | -$1.74M |
|
1952
Corpay
CPAY
$25B
| $3.89M | 0.01% |
15,476
-2,382
| -13% | -$565K |
|
|
DOO
1953
Bombardier Recreational Products
DOO
$4.54B
| $3.89M | 0.01% |
+91,397
| New | +$2.73M |
|
1954
Future Fuel
FF
$217M
| $3.85M | 0.01% |
+322,459
| New | +$3.81M |
|
1955
Ovid Therapeutics
OVID
$414M
| $3.85M | 0.01% |
522,596
+123,638
| +31% | +$578K |
|
1956
Cohen & Steers
CNS
$4.23B
| $3.85M | 0.01% |
+56,571
| New | +$3.41M |
|
1957
Verastem
VSTM
$510M
| $3.85M | 0.01% |
186,452
+106,054
| +132% | +$2.81M |
|
|
INOV
1958
DELISTED
Inovalon Holdings, Inc. Class A Common Stock
INOV
| $3.84M | 0.01% |
199,569
+139,347
| +231% | +$2.47M |
|
1959
Commerce Bancshares
CBSH
$8.53B
| $3.84M | 0.01% |
86,585
+77,003
| +804% | +$3.39M |
|
|
FLY
1960
DELISTED
Fly Leasing Limited
FLY
| $3.84M | 0.01% |
467,944
+374,959
| +403% | +$2.61M |
|
1961
iShares Core S&P 500 ETF
IVV
$878B
| $3.83M | 0.01% |
12,379
-297,493
| -96% | -$87.3M |
|
1962
Magnolia Oil & Gas
MGY
$6.09B
| $3.83M | 0.01% |
631,505
+89,443
| +17% | +$488K |
|
|
ECHO
1963
EchoStar
ECHO
$24.4B
| $3.83M | 0.01% |
136,798
+97,624
| +249% | +$2.96M |
|
1964
Texas Capital Bancshares
TCBI
$4.3B
| $3.82M | 0.01% |
123,866
+68,634
| +124% | +$1.92M |
|
1965
JPMorgan Ultra-Short Income ETF
JPST
$40.1B
| $3.82M | 0.01% |
+75,368
| New | +$3.8M |
|
1966
PUT
Yum! Brands
YUM
$41.8B
| $3.81M | 0.01% |
43,900
+200
| +0.5% | +$17.1K |
|
|
SAIL
1967
DELISTED
SailPoint Technologies Holdings, Inc. Common Stock
SAIL
| $3.81M | 0.01% |
143,993
-630,469
| -81% | -$13M |
|
1968
Hope Bancorp
HOPE
$1.79B
| $3.81M | 0.01% |
+412,762
| New | +$3.7M |
|
1969
CALL
Salesforce
CRM
$151B
| $3.8M | 0.01% |
20,300
-161,700
| -89% | -$27.2M |
|
1970
PUT
Altria Group
MO
$114B
| $3.8M | 0.01% |
96,900
+19,600
| +25% | +$765K |
|
|
CFFAW
1971
CALL
DELISTED
CF Finance Acquisition Corp. Warrant
CFFAW
| $3.8M | 0.01% |
350,400
-9,600
| -3% | -$7.23K |
|
|
CNH
1972
CNH Industrial
CNH
$12.7B
| $3.8M | 0.01% |
620,528
+458,092
| +282% | +$2.53M |
|
1973
CALL
Karyopharm Therapeutics
KPTI
$43.5M
| $3.79M | 0.01% |
13,333
+10,000
| +300% | +$2.96M |
|
|
JKS
1974
JinkoSolar
JKS
$793M
| $3.79M | 0.01% |
213,798
-285,884
| -57% | -$4.59M |
|
|
CSOD
1975
DELISTED
Cornerstone OnDemand, Inc.
CSOD
| $3.79M | 0.01% |
98,153
+87,574
| +828% | +$3.08M |
|
Similar funds
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.