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 | |
|---|---|---|---|---|---|---|
|
HHR
2026
DELISTED
HeadHunter Group PLC American Depositary Shares
HHR
| $3.84K | ﹤0.01% |
156,889
+54,190
| +53% | +$1.15M |
|
|
GOAC.WS
2027
CALL
DELISTED
GO Acquisition Corp. Warrants, each whole warrant exercisable for one share of Class A Common Stock
GOAC.WS
| $3.84K | ﹤0.01% |
+390,000
| New | +$391K |
|
2028
1-800-Flowers.com
FLWS
$263M
| $3.83K | ﹤0.01% |
153,525
-3,630
| -2% | -$96K |
|
2029
Archrock
AROC
$5.89B
| $3.83K | ﹤0.01% |
710,981
+235,911
| +50% | +$1.54M |
|
|
AEL
2030
DELISTED
American Equity Investment Life Holding Company
AEL
| $3.81K | ﹤0.01% |
173,317
+122,744
| +243% | +$2.93M |
|
2031
United Bankshares
UBSI
$6.67B
| $3.79K | ﹤0.01% |
176,660
-18,440
| -9% | -$480K |
|
|
EPAY
2032
DELISTED
Bottomline Technologies Inc
EPAY
| $3.78K | ﹤0.01% |
89,715
-87,687
| -49% | -$4.16M |
|
2033
Westamerica Bancorp
WABC
$1.38B
| $3.77K | ﹤0.01% |
69,417
-72,395
| -51% | -$4.24M |
|
2034
AerCap
AER
$24.3B
| $3.77K | ﹤0.01% |
149,536
+44,539
| +42% | +$1.29M |
|
2035
PUT
Keysight
KEYS
$57.8B
| $3.75K | ﹤0.01% |
+38,000
| New | +$3.73M |
|
2036
CALL
State Street Communication Services Select Sector SPDR ETF
XLC
$22.4B
| $3.75K | ﹤0.01% |
63,200
+53,200
| +532% | +$3.15M |
|
2037
Helix Energy Solutions
HLX
$1.47B
| $3.75K | ﹤0.01% |
1,554,009
+107,422
| +7% | +$392K |
|
2038
A10 Networks
ATEN
$2.1B
| $3.74K | ﹤0.01% |
587,493
+264,807
| +82% | +$2.03M |
|
2039
Hudbay
HBM
$11.7B
| $3.73K | ﹤0.01% |
882,432
-979,873
| -53% | -$3.77M |
|
2040
Accel Entertainment
ACEL
$999M
| $3.73K | ﹤0.01% |
+347,791
| New | +$3.72M |
|
2041
Westlake Corp
WLK
$10.1B
| $3.72K | ﹤0.01% |
58,848
-534,031
| -90% | -$31.5M |
|
2042
Starwood Property Trust
STWD
$5.89B
| $3.72K | ﹤0.01% |
246,377
-553,765
| -69% | -$8.46M |
|
|
HUD
2043
DELISTED
Hudson Ltd. Class A Common Shares
HUD
| $3.71K | ﹤0.01% |
488,614
+456,161
| +1,406% | +$2.77M |
|
2044
CALL
American Eagle Outfitters
AEO
$2.99B
| $3.7K | ﹤0.01% |
+250,000
| New | +$2.98M |
|
|
YMAB
2045
DELISTED
Y-mAbs Therapeutics
YMAB
| $3.7K | ﹤0.01% |
96,368
-8,352
| -8% | -$332K |
|
2046
Agilent Technologies
A
$39.6B
| $3.7K | ﹤0.01% |
36,614
-69,784
| -66% | -$6.74M |
|
2047
CALL
Gaming and Leisure Properties
GLPI
$12.8B
| $3.69K | ﹤0.01% |
+100,000
| New | +$3.64M |
|
2048
Primoris Services
PRIM
$4.46B
| $3.69K | ﹤0.01% |
204,548
-1,108
| -0.5% | -$19.6K |
|
2049
Altimmune
ALT
$583M
| $3.67K | ﹤0.01% |
278,243
-228,281
| -45% | -$4.56M |
|
2050
PUT
Yum! Brands
YUM
$41.4B
| $3.67K | ﹤0.01% |
40,200
-3,700
| -8% | -$341K |
|
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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.