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 | |
|---|---|---|---|---|---|---|
|
WDR
2226
DELISTED
Waddell & Reed Financial, Inc.
WDR
| $3.02K | ﹤0.01% |
203,658
+78,280
| +62% | +$1.19M |
|
|
GRMN
2227
Garmin
GRMN
$58.3B
| $3.02K | ﹤0.01% |
31,845
-11,582
| -27% | -$1.16M |
|
2228
James River Group Holdings
JRVR
$217M
| $3.02K | ﹤0.01% |
67,792
+41,545
| +158% | +$1.94M |
|
|
APLS
2229
CALL
DELISTED
Apellis Pharmaceuticals
APLS
| $3.02K | ﹤0.01% |
+100,000
| New | +$2.99M |
|
2230
FuelCell Energy
FCEL
$1.69B
| $3.01K | ﹤0.01% |
+46,933
| New | +$3.74M |
|
2231
Nordson
NDSN
$17.3B
| $3.01K | ﹤0.01% |
15,687
+7,720
| +97% | +$1.49M |
|
2232
Vanguard Morningstar Total Stock Market ETF
VTI
$681B
| $3.01K | ﹤0.01% |
17,659
-51,013
| -74% | -$8.58M |
|
2233
CGI
GIB
$15B
| $3K | ﹤0.01% |
44,293
+14,658
| +49% | +$998K |
|
2234
PUT
O'Reilly Automotive
ORLY
$76.3B
| $3K | ﹤0.01% |
97,500
-135,000
| -58% | -$4.1M |
|
|
AGTC
2235
DELISTED
Applied Genetic Technologies Corporation
AGTC
| $3K | ﹤0.01% |
616,428
-388,820
| -39% | -$2.12M |
|
|
BMTX
2236
DELISTED
BM Technologies, Inc.
BMTX
| $2.99K | ﹤0.01% |
290,000
| – | – |
|
|
EBSB
2237
DELISTED
Meridian Bancorp, Inc.
EBSB
| $2.99K | ﹤0.01% |
288,577
-50,238
| -15% | -$569K |
|
2238
Future Fuel
FF
$217M
| $2.98K | ﹤0.01% |
262,100
-60,359
| -19% | -$753K |
|
2239
COPT Defense Properties
CDP
$4.24B
| $2.97K | ﹤0.01% |
125,317
-526,831
| -81% | -$13.1M |
|
2240
Graham Holdings Company
GHC
$5.14B
| $2.97K | ﹤0.01% |
7,358
+5,219
| +244% | +$2.09M |
|
2241
CALL
Delta Air Lines
DAL
$61.3B
| $2.97K | ﹤0.01% |
97,200
+44,000
| +83% | +$1.27M |
|
|
ALUS
2242
DELISTED
Alussa Energy Acquisition Corp
ALUS
| $2.97K | ﹤0.01% |
299,341
+42,701
| +17% | +$426K |
|
|
MAXN
2243
CALL
DELISTED
Maxeon Solar Technologies
MAXN
| $2.97K | ﹤0.01% |
+1,750
| New | +$3.06M |
|
2244
Onto Innovation
ONTO
$13.7B
| $2.96K | ﹤0.01% |
99,541
-409,243
| -80% | -$13.6M |
|
2245
CTS Corp
CTS
$1.91B
| $2.96K | ﹤0.01% |
134,368
-147,789
| -52% | -$3.09M |
|
2246
Ligand Pharmaceuticals
LGND
$6.06B
| $2.96K | ﹤0.01% |
49,696
-60,638
| -55% | -$4.14M |
|
2247
PUT
Hartford Financial Services
HIG
$39.4B
| $2.95K | ﹤0.01% |
80,000
+37,800
| +90% | +$1.51M |
|
2248
BWX Technologies
BWXT
$15.4B
| $2.95K | ﹤0.01% |
52,344
+7,245
| +16% | +$406K |
|
2249
Rio Tinto
RIO
$165B
| $2.95K | ﹤0.01% |
48,779
-385,255
| -89% | -$23.6M |
|
|
DFNS.WS
2250
CALL
DELISTED
LGL Systems Acquisition Corp. Redeemable Warrants, each whole warrant exercisable for shares of Clas
DFNS.WS
| $2.94K | ﹤0.01% |
293,936
+5,686
| +2% | +$6.08K |
|
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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.