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 | |
|---|---|---|---|---|---|---|
2176
Open Text
OTEX
$6.22B
| $3.18K | ﹤0.01% |
75,326
+1,183
| +2% | +$51.7K |
|
|
CCAC.U
2177
DELISTED
CITIC Capital Acquisition Corp. Units, each consisting of one Class A ordinary share, $0.0001 par va
CCAC.U
| $3.18K | ﹤0.01% |
310,000
-171,000
| -36% | -$1.75M |
|
2178
First Trust Energy AlphaDEX Fund
FXN
$363M
| $3.17K | ﹤0.01% |
566,801
+555,781
| +5,043% | +$3.62M |
|
2179
Century Communities
CCS
$2.03B
| $3.17K | ﹤0.01% |
+74,947
| New | +$2.74M |
|
|
TTM
2180
DELISTED
Tata Motors Limited
TTM
| $3.17K | ﹤0.01% |
348,793
-384,542
| -52% | -$3.2M |
|
2181
Unum
UNM
$14.1B
| $3.17K | ﹤0.01% |
188,049
-804,588
| -81% | -$14.3M |
|
2182
Ubiquiti
UI
$34.4B
| $3.16K | ﹤0.01% |
18,951
+11,437
| +152% | +$2.02M |
|
2183
Bread Financial
BFH
$4.54B
| $3.15K | ﹤0.01% |
+94,183
| New | +$3.35M |
|
2184
Dine Brands
DIN
$453M
| $3.15K | ﹤0.01% |
57,746
+707
| +1% | +$35.7K |
|
|
KZR
2185
DELISTED
Kezar Life Sciences
KZR
| $3.15K | ﹤0.01% |
65,113
-20,775
| -24% | -$994K |
|
2186
CALL
Zoom
ZM
$29.5B
| $3.15K | ﹤0.01% |
+6,700
| New | +$2.14M |
|
|
FOLD
2187
DELISTED
Amicus Therapeutics
FOLD
| $3.15K | ﹤0.01% |
222,894
-630,429
| -74% | -$9.19M |
|
|
LITS
2188
Lite Strategy Inc
LITS
$32.5M
| $3.14K | ﹤0.01% |
50,388
-7,849
| -13% | -$473K |
|
2189
PUT
Archer Daniels Midland
ADM
$37.4B
| $3.14K | ﹤0.01% |
67,500
-23,200
| -26% | -$1.01M |
|
2190
CALL
Paychex
PAYX
$42.1B
| $3.13K | ﹤0.01% |
39,300
-22,100
| -36% | -$1.66M |
|
|
WNS
2191
DELISTED
WNS Holdings
WNS
| $3.13K | ﹤0.01% |
+48,939
| New | +$3.08M |
|
2192
E.W. Scripps
SSP
$263M
| $3.13K | ﹤0.01% |
273,254
+197,238
| +259% | +$2.15M |
|
2193
ICF International
ICFI
$1.54B
| $3.12K | ﹤0.01% |
+50,763
| New | +$3.37M |
|
2194
PUT
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
$3.49B
| $3.11K | ﹤0.01% |
3,460,600
-216,100
| -6% | -$10.9M |
|
|
VEDL
2195
DELISTED
Vedanta Limited American Depostary Shares (Each representing four equity shares)
VEDL
| $3.11K | ﹤0.01% |
+420,957
| New | +$2.76M |
|
2196
CALL
Bausch Health
BHC
$2.35B
| $3.11K | ﹤0.01% |
+200,000
| New | +$3.44M |
|
2197
PUT
CarMax
KMX
$8.04B
| $3.11K | ﹤0.01% |
33,800
-600
| -2% | -$59.9K |
|
2198
Outfront Media
OUT
$5.64B
| $3.1K | ﹤0.01% |
216,686
-492,242
| -69% | -$7.36M |
|
|
ARCH
2199
DELISTED
Arch Resources, Inc.
ARCH
| $3.1K | ﹤0.01% |
73,054
+29,754
| +69% | +$1.06M |
|
|
DOC
2200
DELISTED
PHYSICIANS REALTY TRUST
DOC
| $3.1K | ﹤0.01% |
173,281
-425,304
| -71% | -$7.58M |
|
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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.