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 | |
|---|---|---|---|---|---|---|
2126
Turning Point Brands
TPB
$1.68B
| $3.41K | ﹤0.01% |
+122,325
| New | +$3.6M |
|
|
RETA
2127
PUT
DELISTED
Reata Pharmaceuticals, Inc. Class A Common Stock
RETA
| $3.41K | ﹤0.01% |
35,000
-15,000
| -30% | -$1.87M |
|
2128
Verisk Analytics
VRSK
$24.6B
| $3.4K | ﹤0.01% |
18,346
-99,757
| -84% | -$18.3M |
|
|
JIH.WS
2129
CALL
DELISTED
Juniper Industrial Holdings, Inc. Redeemable warrants included as part of the units
JIH.WS
| $3.39K | ﹤0.01% |
324,482
-113,710
| -26% | -$132K |
|
2130
Photronics
PLAB
$1.89B
| $3.39K | ﹤0.01% |
340,654
+278,728
| +450% | +$3.01M |
|
2131
MGM Resorts International
MGM
$11.4B
| $3.39K | ﹤0.01% |
155,883
+88,986
| +133% | +$1.76M |
|
|
Y
2132
DELISTED
Alleghany Corp
Y
| $3.37K | ﹤0.01% |
6,482
-27,426
| -81% | -$14.4M |
|
2133
PUT
Baidu
BIDU
$37.7B
| $3.35K | ﹤0.01% |
26,500
+3,700
| +16% | +$458K |
|
2134
EPR Properties
EPR
$4.68B
| $3.35K | ﹤0.01% |
121,757
+94,726
| +350% | +$2.96M |
|
2135
RB Global
RBA
$17.7B
| $3.35K | ﹤0.01% |
56,494
+47,701
| +542% | +$2.52M |
|
2136
Fulgent Genetics
FLGT
$510M
| $3.34K | ﹤0.01% |
83,515
-16,255
| -16% | -$509K |
|
2137
Dillards
DDS
$9.63B
| $3.34K | ﹤0.01% |
91,373
-112,969
| -55% | -$3.17M |
|
2138
State Street Energy Select Sector SPDR ETF
XLE
$37.6B
| $3.33K | ﹤0.01% |
222,220
+3,576
| +2% | +$63.5K |
|
2139
Merit Medical Systems
MMSI
$5.21B
| $3.33K | ﹤0.01% |
76,480
+27,338
| +56% | +$1.24M |
|
|
HOLX
2140
CALL
DELISTED
Hologic
HOLX
| $3.32K | ﹤0.01% |
+50,000
| New | +$3.16M |
|
2141
Douglas Emmett
DEI
$1.98B
| $3.32K | ﹤0.01% |
132,374
-232,827
| -64% | -$6.57M |
|
2142
Vanguard Intermediate-Term Bond ETF
BIV
$28.9B
| $3.32K | ﹤0.01% |
35,535
+21,993
| +162% | +$2.06M |
|
2143
CALL
Automatic Data Processing
ADP
$107B
| $3.32K | ﹤0.01% |
23,800
-40,000
| -63% | -$5.61M |
|
2144
PUT
Trade Desk
TTD
$8.91B
| $3.32K | ﹤0.01% |
64,000
-48,000
| -43% | -$2.19M |
|
|
CTRA
2145
DELISTED
Coterra Energy
CTRA
| $3.31K | ﹤0.01% |
190,719
-478,278
| -71% | -$8.94M |
|
|
YAC.WS
2146
CALL
DELISTED
Yucaipa Acquisition Corporation Redeemable Warrants, each whole warrant exercisable for one Class A
YAC.WS
| $3.31K | ﹤0.01% |
+333,333
| New | +$340K |
|
2147
Fiverr
FVRR
$340M
| $3.31K | ﹤0.01% |
23,806
-192,083
| -89% | -$20.6M |
|
2148
CALL
Lyft
LYFT
$6.26B
| $3.31K | ﹤0.01% |
+120,000
| New | +$3.57M |
|
|
CUTR
2149
DELISTED
Cutera, Inc.
CUTR
| $3.3K | ﹤0.01% |
173,984
-14,632
| -8% | -$226K |
|
2150
Medifast
MED
$137M
| $3.3K | ﹤0.01% |
20,047
-477
| -2% | -$78.5K |
|
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.