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 | |
|---|---|---|---|---|---|---|
2001
H&R Block
HRB
$5.82B
| $3.98K | ﹤0.01% |
244,170
-73,460
| -23% | -$1.08M |
|
2002
iShares Core S&P Small-Cap ETF
IJR
$112B
| $3.98K | ﹤0.01% |
56,631
+44,031
| +349% | +$3.16M |
|
2003
CALL
Las Vegas Sands
LVS
$29.9B
| $3.97K | ﹤0.01% |
85,000
+59,800
| +237% | +$2.86M |
|
2004
Cartesian Therapeutics
RNAC
$257M
| $3.97K | ﹤0.01% |
53,302
-4,672
| -8% | -$358K |
|
|
LGF.B
2005
DELISTED
Lions Gate Entertainment Corp. Class B Non-Voting Shares
LGF.B
| $3.95K | ﹤0.01% |
453,407
-258,620
| -36% | -$2.07M |
|
2006
Vanguard S&P 500 ETF
VOO
$1.01T
| $3.95K | ﹤0.01% |
12,847
+8,495
| +195% | +$2.59M |
|
2007
Freshpet
FRPT
$3.3B
| $3.94K | ﹤0.01% |
35,337
+8,056
| +30% | +$820K |
|
2008
Atara Biotherapeutics
ATRA
$72.9M
| $3.93K | ﹤0.01% |
+12,137
| New | +$4.13M |
|
2009
Rambus
RMBS
$10.7B
| $3.92K | ﹤0.01% |
286,725
-618,177
| -68% | -$8.78M |
|
2010
Comcast
CMCSA
$89.2B
| $3.92K | ﹤0.01% |
84,759
-196,165
| -70% | -$8.53M |
|
|
GRA
2011
DELISTED
W.R. Grace & Co.
GRA
| $3.92K | ﹤0.01% |
97,330
-76,754
| -44% | -$3.5M |
|
|
ARI
2012
Apollo Commercial Real Estate
ARI
$877M
| $3.92K | ﹤0.01% |
435,085
+332,034
| +322% | +$3.06M |
|
2013
Asbury Automotive
ABG
$3.9B
| $3.92K | ﹤0.01% |
40,207
+35,328
| +724% | +$3.57M |
|
2014
Dyne Therapeutics
DYN
$4.8B
| $3.92K | ﹤0.01% |
+194,065
| New | +$4.26M |
|
2015
Seagate
STX
$195B
| $3.92K | ﹤0.01% |
79,478
-364,151
| -82% | -$17.1M |
|
|
HA
2016
DELISTED
Hawaiian Holdings, Inc.
HA
| $3.9K | ﹤0.01% |
302,707
+275,909
| +1,030% | +$3.68M |
|
2017
First Bancorp
FBNC
$2.66B
| $3.9K | ﹤0.01% |
186,290
+21,626
| +13% | +$464K |
|
2018
Taysha Gene Therapies
TSHA
$1.82B
| $3.88K | ﹤0.01% |
+173,257
| New | +$4.08M |
|
2019
Monarch Casino & Resort
MCRI
$2.18B
| $3.87K | ﹤0.01% |
86,799
-18,885
| -18% | -$772K |
|
2020
CALL
Campbell Soup
CPB
$6.75B
| $3.87K | ﹤0.01% |
+80,000
| New | +$3.95M |
|
2021
PUT
Masco
MAS
$14.8B
| $3.87K | ﹤0.01% |
70,100
+35,000
| +100% | +$1.96M |
|
2022
PUT
Altria Group
MO
$113B
| $3.86K | ﹤0.01% |
99,900
+3,000
| +3% | +$125K |
|
2023
Yeti Holdings
YETI
$3.95B
| $3.85K | ﹤0.01% |
85,024
+59,262
| +230% | +$2.81M |
|
|
HIBB
2024
DELISTED
Hibbett, Inc. Common Stock
HIBB
| $3.85K | ﹤0.01% |
98,186
-2,952
| -3% | -$85.5K |
|
|
JOBS
2025
DELISTED
51job Inc
JOBS
| $3.85K | ﹤0.01% |
+49,321
| New | +$3.43M |
|
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.