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 | |
|---|---|---|---|---|---|---|
2301
PUT
eBay
EBAY
$49.4B
| $2.76K | ﹤0.01% |
52,900
-201,700
| -79% | -$11.1M |
|
|
CTXS
2302
CALL
DELISTED
Citrix Systems Inc
CTXS
| $2.75K | ﹤0.01% |
20,000
| – | – |
|
2303
ACI Worldwide
ACIW
$5.88B
| $2.75K | ﹤0.01% |
105,321
+94,043
| +834% | +$2.6M |
|
2304
Fortress Biotech
FBIO
$92.7M
| $2.75K | ﹤0.01% |
45,341
+16,401
| +57% | +$835K |
|
|
JBGS
2305
JBG SMITH
JBGS
$711M
| $2.74K | ﹤0.01% |
102,469
-135,069
| -57% | -$3.79M |
|
2306
State Street SPDR Dow Jones Industrial Average ETF Trust
DIA
$46.7B
| $2.74K | ﹤0.01% |
9,871
+2,868
| +41% | +$783K |
|
|
TA
2307
DELISTED
TravelCenters of America LLC
TA
| $2.74K | ﹤0.01% |
+140,160
| New | +$2.41M |
|
|
INN
2308
Summit Hotel Properties
INN
$739M
| $2.74K | ﹤0.01% |
528,631
+166,217
| +46% | +$939K |
|
2309
WEX
WEX
$6.42B
| $2.73K | ﹤0.01% |
19,678
-9,533
| -33% | -$1.49M |
|
2310
Perdoceo Education
PRDO
$2.07B
| $2.73K | ﹤0.01% |
+223,325
| New | +$3.25M |
|
2311
CALL
Cincinnati Financial
CINF
$27.3B
| $2.73K | ﹤0.01% |
+35,000
| New | +$2.71M |
|
2312
Agios Pharmaceuticals
AGIO
$1.89B
| $2.73K | ﹤0.01% |
77,902
-52,850
| -40% | -$2.32M |
|
|
MODN
2313
DELISTED
MODEL N, INC.
MODN
| $2.72K | ﹤0.01% |
77,062
+27,889
| +57% | +$1.05M |
|
2314
Cue Biopharma
CUE
$112M
| $2.72K | ﹤0.01% |
6,016
-1,370
| -19% | -$789K |
|
|
FGNA.U
2315
DELISTED
FG New America Acquisition Corp. Units, each consisting of one share of Class A common stock and one
FGNA.U
| $2.71K | ﹤0.01% |
+270,300
| New | +$2.71M |
|
2316
Progyny
PGNY
$2.46B
| $2.71K | ﹤0.01% |
91,930
-323,954
| -78% | -$8.93M |
|
2317
PUT
Gaotu Techedu
GOTU
$448M
| $2.7K | ﹤0.01% |
30,000
-70,000
| -70% | -$6.24M |
|
|
GOEV
2318
DELISTED
Canoo Inc. Class A Common Stock
GOEV
| $2.7K | ﹤0.01% |
+527
| New | +$2.7M |
|
2319
Outset Medical
OM
$94.9M
| $2.7K | ﹤0.01% |
+3,599
| New | +$2.96M |
|
2320
SunCoke Energy
SXC
$816M
| $2.7K | ﹤0.01% |
789,091
-831,283
| -51% | -$2.71M |
|
|
MIK
2321
DELISTED
Michaels Stores, Inc
MIK
| $2.69K | ﹤0.01% |
278,780
-447,983
| -62% | -$3.89M |
|
2322
Evercore
EVR
$12.3B
| $2.68K | ﹤0.01% |
40,979
-180,953
| -82% | -$11M |
|
2323
Radware
RDWR
$1.2B
| $2.68K | ﹤0.01% |
110,591
+91,925
| +492% | +$2.33M |
|
|
VER
2324
DELISTED
VEREIT, Inc.
VER
| $2.68K | ﹤0.01% |
82,493
-395,751
| -83% | -$13M |
|
|
ALX
2325
Alexander's
ALX
$1.42B
| $2.68K | ﹤0.01% |
10,931
+1,466
| +15% | +$371K |
|
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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.