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 |
Lowe's Companies
LOW
|
+$217M |
| 2 |
JPMorgan Chase
JPM
|
+$213M |
| 3 |
Intel
INTC
|
+$200M |
| 4 |
FISV
Fiserv Inc
FISV
|
+$184M |
| 5 |
TECD
Tech Data Corp
TECD
|
+$174M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
AGN
Allergan plc
AGN
|
+$685M |
| 2 |
iShares 1-5 Year Investment Grade Corporate Bond ETF
IGSB
|
+$127M |
| 3 |
Meta Platforms (Facebook)
META
|
+$122M |
| 4 |
Merck
MRK
|
+$110M |
| 5 |
NVIDIA
NVDA
|
+$108M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 8.62% |
| 2 | Technology | 7.54% |
| 3 | Financials | 6.93% |
| 4 | Consumer Discretionary | 6.74% |
| 5 | Industrials | 6% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
SFIX
2401
Stitch Fix
SFIX
$536M
| $2.23M | ﹤0.01% |
89,629
-304,821
| -77% | -$6.02M |
|
|
ETRN
2402
DELISTED
Equitrans Midstream Corporation Common Stock
ETRN
| $2.23M | ﹤0.01% |
268,949
-191,239
| -42% | -$1.51M |
|
2403
Carnival Corporation Ltd
CCL
$38.1B
| $2.23M | ﹤0.01% |
135,840
+7,403
| +6% | +$111K |
|
2404
Compass Minerals
CMP
$1.23B
| $2.23M | ﹤0.01% |
45,635
-50,522
| -53% | -$2.34M |
|
|
AGR
2405
DELISTED
Avangrid, Inc.
AGR
| $2.22M | ﹤0.01% |
52,867
-76,855
| -59% | -$3.3M |
|
2406
Medpace
MEDP
$16.1B
| $2.22M | ﹤0.01% |
+23,825
| New | +$2.03M |
|
|
HEES
2407
DELISTED
H&E Equipment Services
HEES
| $2.21M | ﹤0.01% |
119,563
+1,566
| +1% | +$24.9K |
|
2408
Option Care Health
OPCH
$3.45B
| $2.21M | ﹤0.01% |
158,831
+97,182
| +158% | +$1.29M |
|
|
SNP
2409
DELISTED
CHINA PETROLEUM & CHEMICAL CORPORATION ADS (REP 100 ORDINARY H SHARES)
SNP
| $2.21M | ﹤0.01% |
+52,548
| New | +$2.48M |
|
|
DPHCU
2410
DELISTED
DiamondPeak Holdings Corp. Units
DPHCU
| $2.21M | ﹤0.01% |
200,000
| – | – |
|
2411
CALL
Dentsply Sirona
XRAY
$2.68B
| $2.2M | ﹤0.01% |
50,000
+20,000
| +67% | +$846K |
|
|
SAVE
2412
DELISTED
Spirit Airlines, Inc.
SAVE
| $2.2M | ﹤0.01% |
123,753
+105,871
| +592% | +$1.51M |
|
2413
Manitowoc
MTW
$497M
| $2.2M | ﹤0.01% |
202,371
-186,060
| -48% | -$1.76M |
|
2414
Moelis & Co
MC
$4.97B
| $2.2M | ﹤0.01% |
70,571
-1,287
| -2% | -$40.4K |
|
2415
Mercury Insurance
MCY
$5.93B
| $2.2M | ﹤0.01% |
53,950
-239,522
| -82% | -$9.61M |
|
2416
A10 Networks
ATEN
$2.13B
| $2.2M | ﹤0.01% |
322,686
+250,387
| +346% | +$1.68M |
|
2417
PUT
Howmet Aerospace
HWM
$113B
| $2.2M | ﹤0.01% |
+138,600
| New | +$1.82M |
|
2418
Pebblebrook Hotel Trust
PEB
$2.15B
| $2.19M | ﹤0.01% |
+160,535
| New | +$1.99M |
|
2419
CALL
Twist Bioscience
TWST
$5.7B
| $2.19M | ﹤0.01% |
48,300
+34,500
| +250% | +$1.24M |
|
|
TLRD
2420
DELISTED
Tailored Brands, Inc.
TLRD
| $2.18M | ﹤0.01% |
+2,327,619
| New | +$3.08M |
|
2421
CALL
Assurant
AIZ
$13.8B
| $2.17M | ﹤0.01% |
+21,000
| New | +$2.17M |
|
2422
Nektar Therapeutics
NKTR
$2.39B
| $2.17M | ﹤0.01% |
6,233
-2,699
| -30% | -$842K |
|
2423
CALL
RH
RH
$3.13B
| $2.17M | ﹤0.01% |
8,700
+6,400
| +278% | +$1.16M |
|
2424
CALL
Arrowhead Research
ARWR
$11.9B
| $2.16M | ﹤0.01% |
+50,000
| New | +$1.76M |
|
|
ABB
2425
DELISTED
ABB Ltd
ABB
| $2.16M | ﹤0.01% |
95,729
+54,187
| +130% | +$1.04M |
|
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Millennium Management's Q2 2020 Portfolio in Review
As of Q2 2020, Millennium Management held 4,914 positions worth $73B, up 64% from $44.5B the previous quarter. Its ten largest holdings account for 20% of the portfolio.
Millennium Management deployed $17.6B of net new capital in Q2 2020, opening 1,140 new positions and adding to 1,565 existing holdings. Its largest new stake was Global Payments: 1,008,446 shares worth $171M.
By sector, the portfolio is most concentrated in Healthcare at 8.6% of assets, down from 11% a quarter earlier, followed by Technology and Financials.
On the sell side, the largest reduction was iShares 1-5 Year Investment Grade Corporate Bond ETF, an estimated $127M trimmed.
- Millennium Management's largest Q2 2020 buy was Global Payments: 1,008,446 shares worth $171M.
- Millennium Management added most to Lowe's Companies in Q2 2020, an estimated $217M increase.
- Millennium Management's biggest Q2 2020 reduction was iShares 1-5 Year Investment Grade Corporate Bond ETF, cutting an estimated $127M.
- Millennium Management fully exited Allergan plc in Q2 2020, selling an estimated $685M.
- Millennium Management's ten largest holdings make up 20% of its $73B portfolio in Q2 2020.
- Millennium Management opened 1,140 new positions and closed 798 in Q2 2020.
- Millennium Management's portfolio value rose 64% quarter-over-quarter to $73B.
Based on Millennium Management's 13F filing for Q2 2020, filed 14 Aug 2020.