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 | |
|---|---|---|---|---|---|---|
2201
Erie Indemnity
ERIE
$13.1B
| $3.1K | ﹤0.01% |
14,753
+13,359
| +958% | +$2.8M |
|
2202
Ryder
R
$10.2B
| $3.1K | ﹤0.01% |
73,362
+57,327
| +358% | +$2.32M |
|
2203
Keysight
KEYS
$57.4B
| $3.1K | ﹤0.01% |
31,360
-125,400
| -80% | -$12.3M |
|
2204
CALL
Old Dominion Freight Line
ODFL
$44.8B
| $3.09K | ﹤0.01% |
34,200
| – | – |
|
|
JCAP
2205
DELISTED
Jernigan Capital, Inc.
JCAP
| $3.09K | ﹤0.01% |
180,212
-11,565
| -6% | -$185K |
|
2206
Vanguard Morningstar Growth ETF
VUG
$230B
| $3.08K | ﹤0.01% |
81,228
-11,448
| -12% | -$423K |
|
2207
Grupo Aeroportuario del Pacifico
PAC
$12.9B
| $3.07K | ﹤0.01% |
38,111
-28,189
| -43% | -$2.04M |
|
2208
WD-40
WDFC
$3.15B
| $3.07K | ﹤0.01% |
16,225
+10,259
| +172% | +$2.01M |
|
2209
IMAX
IMAX
$2.78B
| $3.07K | ﹤0.01% |
256,810
-133,939
| -34% | -$1.73M |
|
2210
Safety Insurance
SAFT
$1.52B
| $3.07K | ﹤0.01% |
44,390
+32,338
| +268% | +$2.4M |
|
2211
Walker & Dunlop
WD
$1.76B
| $3.07K | ﹤0.01% |
+57,868
| New | +$3.04M |
|
2212
TMC The Metals Company
TMC
$1.74B
| $3.06K | ﹤0.01% |
+300,000
| New | +$3M |
|
2213
Goosehead Insurance
GSHD
$2.38B
| $3.05K | ﹤0.01% |
+35,267
| New | +$3.21M |
|
2214
Albertsons Companies
ACI
$5.75B
| $3.05K | ﹤0.01% |
220,079
-2,096,766
| -91% | -$30.6M |
|
2215
New Fortress Energy
NFE
$95.4M
| $3.05K | ﹤0.01% |
69,261
+59,192
| +588% | +$1.55M |
|
2216
Hyatt Hotels
H
$16.9B
| $3.05K | ﹤0.01% |
+57,096
| New | +$3.06M |
|
2217
iShares MSCI EAFE Small-Cap ETF
SCZ
$13.6B
| $3.04K | ﹤0.01% |
+51,577
| New | +$2.96M |
|
|
ETNB
2218
DELISTED
89bio
ETNB
| $3.04K | ﹤0.01% |
118,543
+96,840
| +446% | +$3.07M |
|
2219
Chunghwa Telecom
CHT
$32.6B
| $3.04K | ﹤0.01% |
+83,791
| New | +$3.1M |
|
2220
Trip.com Group
TCOM
$28.9B
| $3.04K | ﹤0.01% |
97,450
+56,670
| +139% | +$1.61M |
|
2221
Digital Realty Trust
DLR
$72.1B
| $3.03K | ﹤0.01% |
20,656
-113,648
| -85% | -$17M |
|
2222
Manitowoc
MTW
$512M
| $3.03K | ﹤0.01% |
360,402
+158,031
| +78% | +$1.57M |
|
2223
American Water Works
AWK
$26.7B
| $3.03K | ﹤0.01% |
20,915
-369,350
| -95% | -$52.3M |
|
2224
GrowGeneration
GRWG
$88.9M
| $3.03K | ﹤0.01% |
189,479
-615,374
| -76% | -$7.32M |
|
2225
Heron Therapeutics
HRTX
$95.5M
| $3.03K | ﹤0.01% |
+204,238
| New | +$3.19M |
|
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.