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 | |
|---|---|---|---|---|---|---|
2101
Omega Healthcare
OHI
$15.1B
| $3.27M | ﹤0.01% |
109,808
+47,556
| +76% | +$1.41M |
|
|
ORAN
2102
DELISTED
Orange
ORAN
| $3.27M | ﹤0.01% |
274,344
+27,512
| +11% | +$328K |
|
2103
Cohu
COHU
$2.26B
| $3.26M | ﹤0.01% |
188,150
+88,514
| +89% | +$1.36M |
|
2104
New York Times
NYT
$12.1B
| $3.26M | ﹤0.01% |
77,472
-232,326
| -75% | -$8.45M |
|
2105
Vishay Intertechnology
VSH
$5.25B
| $3.25M | ﹤0.01% |
212,970
+81,546
| +62% | +$1.27M |
|
2106
ProShares VIX Short-Term Futures ETF
VIXY
$201M
| $3.25M | ﹤0.01% |
+1,464
| New | +$3.61M |
|
|
VSTO
2107
DELISTED
Vista Outdoor Inc.
VSTO
| $3.25M | ﹤0.01% |
224,775
+187,374
| +501% | +$1.88M |
|
2108
Corvus Pharmaceuticals
CRVS
$1.12B
| $3.24M | ﹤0.01% |
1,192,742
+160,983
| +16% | +$476K |
|
2109
AerCap
AER
$23.7B
| $3.23M | ﹤0.01% |
104,997
-451
| -0.4% | -$12.9K |
|
|
AKRO
2110
DELISTED
Akero Therapeutics
AKRO
| $3.23M | ﹤0.01% |
129,565
+65,026
| +101% | +$1.49M |
|
|
VAR
2111
DELISTED
Varian Medical Systems, Inc.
VAR
| $3.22M | ﹤0.01% |
26,254
-34,738
| -57% | -$4.02M |
|
|
PCH
2112
DELISTED
PotlatchDeltic
PCH
| $3.21M | ﹤0.01% |
+84,374
| New | +$2.85M |
|
2113
Urban Edge Properties
UE
$2.86B
| $3.21M | ﹤0.01% |
270,109
-499,401
| -65% | -$5.01M |
|
2114
Ironwood Pharmaceuticals
IRWD
$696M
| $3.2M | ﹤0.01% |
310,298
+286,318
| +1,194% | +$2.93M |
|
2115
ING
ING
$99.8B
| $3.2M | ﹤0.01% |
463,434
+331,873
| +252% | +$2.01M |
|
|
CLDT
2116
Chatham Lodging
CLDT
$622M
| $3.2M | ﹤0.01% |
+522,284
| New | +$3.5M |
|
|
DBD
2117
DELISTED
Diebold Nixdorf Incorporated
DBD
| $3.2M | ﹤0.01% |
527,362
+514,159
| +3,894% | +$2.54M |
|
2118
TIM SA
TIMB
$9.16B
| $3.19M | ﹤0.01% |
246,772
-124,306
| -33% | -$1.55M |
|
|
REVG
2119
DELISTED
REV Group
REVG
| $3.19M | ﹤0.01% |
523,310
+408,169
| +354% | +$2.19M |
|
2120
Clearwater Paper
CLW
$339M
| $3.18M | ﹤0.01% |
+88,027
| New | +$2.45M |
|
2121
Horizon Bancorp
HBNC
$1.04B
| $3.18M | ﹤0.01% |
297,423
+73,917
| +33% | +$754K |
|
|
CADE
2122
DELISTED
Cadence Bank
CADE
| $3.17M | ﹤0.01% |
139,576
-49,509
| -26% | -$1.05M |
|
|
BMTX
2123
DELISTED
BM Technologies, Inc.
BMTX
| $3.17M | ﹤0.01% |
290,000
-835,000
| -74% | -$8.8M |
|
2124
Trimble
TRMB
$13.2B
| $3.17M | ﹤0.01% |
73,449
-41,488
| -36% | -$1.56M |
|
2125
Steven Madden
SHOO
$3.37B
| $3.17M | ﹤0.01% |
128,273
-54,585
| -30% | -$1.28M |
|
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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.