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 | |
|---|---|---|---|---|---|---|
1951
CALL
GE Aerospace
GE
$386B
| $4.22K | 0.01% |
140,125
+51,644
| +58% | +$1.68M |
|
|
BNR
1952
Burning Rock Biotech
BNR
$92.9M
| $4.22K | 0.01% |
16,822
-9,936
| -37% | -$2.35M |
|
|
ABMD
1953
DELISTED
Abiomed Inc
ABMD
| $4.22K | 0.01% |
15,224
+12,408
| +441% | +$3.57M |
|
1954
Franklin Resources
BEN
$17.1B
| $4.21K | 0.01% |
206,985
-33,372
| -14% | -$701K |
|
1955
Gray Television
GTN
$553M
| $4.21K | 0.01% |
305,560
+65,686
| +27% | +$960K |
|
1956
Trupanion
TRUP
$1.19B
| $4.21K | 0.01% |
53,299
-825
| -2% | -$49.5K |
|
|
VBTX
1957
DELISTED
Veritex Holdings
VBTX
| $4.18K | 0.01% |
245,733
+81,587
| +50% | +$1.41M |
|
|
AKUS
1958
DELISTED
Akouos Inc
AKUS
| $4.18K | 0.01% |
182,987
-104,455
| -36% | -$2.32M |
|
|
FREEW
1959
CALL
DELISTED
Whole Earth Brands, Inc. Warrant
FREEW
| $4.18K | 0.01% |
1,003,112
-238,588
| -19% | -$206K |
|
|
MKTWW
1960
CALL
DELISTED
MarketWise, Inc. Warrant
MKTWW
| $4.17K | 0.01% |
+420,000
| New | +$606K |
|
|
LONA
1961
LeonaBio Inc
LONA
$71.5M
| $4.16K | 0.01% |
+22,549
| New | +$3.77M |
|
1962
SM Energy
SM
$6.99B
| $4.16K | 0.01% |
2,613,319
-2,314,097
| -47% | -$6.46M |
|
1963
PUT
BioNTech
BNTX
$23.3B
| $4.15K | 0.01% |
+60,000
| New | +$4.3M |
|
|
ESGR
1964
DELISTED
Enstar Group
ESGR
| $4.15K | 0.01% |
25,706
+12,186
| +90% | +$2.07M |
|
1965
Veracyte
VCYT
$3.79B
| $4.15K | 0.01% |
+127,808
| New | +$4.06M |
|
1966
Mesa Laboratories
MLAB
$573M
| $4.14K | 0.01% |
16,262
-4,530
| -22% | -$1.08M |
|
|
PSTX
1967
DELISTED
Poseida Therapeutics, Inc. Common Stock
PSTX
| $4.14K | 0.01% |
+466,459
| New | +$5.31M |
|
1968
PUT
Crown Castle
CCI
$32.3B
| $4.13K | 0.01% |
24,800
+18,500
| +294% | +$3.05M |
|
|
TOIIW
1969
CALL
DELISTED
The Oncology Institute Warrant
TOIIW
| $4.13K | 0.01% |
397,450
+370,000
| +1,348% | +$607K |
|
1970
GDS Holdings
GDS
$6.45B
| $4.12K | 0.01% |
50,388
-78,795
| -61% | -$6.31M |
|
|
CSII
1971
DELISTED
Cardiovascular Systems, Inc.
CSII
| $4.12K | 0.01% |
+104,744
| New | +$3.38M |
|
1972
First Financial Bankshares
FFIN
$4.96B
| $4.12K | 0.01% |
147,615
+27,182
| +23% | +$805K |
|
1973
FormFactor
FORM
$9.23B
| $4.12K | 0.01% |
165,193
+126,724
| +329% | +$3.53M |
|
1974
Modine Manufacturing
MOD
$10.4B
| $4.11K | 0.01% |
656,979
-274,378
| -29% | -$1.66M |
|
|
SFIX
1975
Stitch Fix
SFIX
$560M
| $4.1K | 0.01% |
151,239
+61,610
| +69% | +$1.58M |
|
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.