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 | |
|---|---|---|---|---|---|---|
2426
Huron Consulting
HURN
$2.43B
| $2.37K | ﹤0.01% |
60,127
-9,385
| -14% | -$409K |
|
2427
Forward Air
FWRD
$484M
| $2.36K | ﹤0.01% |
41,201
-72,538
| -64% | -$3.98M |
|
2428
CALL
CONMED
CNMD
$1.51B
| $2.36K | ﹤0.01% |
30,000
-20,000
| -40% | -$1.63M |
|
|
PAND
2429
DELISTED
Pandion Therapeutics Inc. Common Stock
PAND
| $2.36K | ﹤0.01% |
+205,929
| New | +$3.52M |
|
|
TEN
2430
DELISTED
Tenneco Inc. Class A Voting Common Stock
TEN
| $2.35K | ﹤0.01% |
+339,091
| New | +$2.7M |
|
2431
iShares MSCI Thailand ETF
THD
$371M
| $2.35K | ﹤0.01% |
+37,488
| New | +$2.56M |
|
|
PRSU
2432
Pursuit Attractions and Hospitality Inc
PRSU
$1.42B
| $2.35K | ﹤0.01% |
+112,908
| New | +$2.11M |
|
2433
Nautilus Biotechnolgy
NAUT
$125M
| $2.35K | ﹤0.01% |
+216,958
| New | +$2.31M |
|
2434
Macerich
MAC
$7.26B
| $2.34K | ﹤0.01% |
344,912
+230,425
| +201% | +$1.81M |
|
|
NHICW
2435
CALL
DELISTED
NewHold Investment Corp. Warrant
NHICW
| $2.34K | ﹤0.01% |
+240,000
| New | +$162K |
|
2436
PUT
Domino's
DPZ
$12.2B
| $2.34K | ﹤0.01% |
5,500
-100
| -2% | -$39.8K |
|
|
FM
2437
DELISTED
iShares Frontier and Select EM ETF
FM
| $2.34K | ﹤0.01% |
+91,356
| New | +$2.26M |
|
2438
Choice Hotels
CHH
$4.94B
| $2.34K | ﹤0.01% |
27,183
-96,758
| -78% | -$8.72M |
|
2439
PUT
Howmet Aerospace
HWM
$115B
| $2.32K | ﹤0.01% |
138,600
| – | – |
|
2440
3D Systems Corp
DDD
$581M
| $2.31K | ﹤0.01% |
471,291
+447,068
| +1,846% | +$2.65M |
|
2441
CALL
International Flavors & Fragrances
IFF
$20.7B
| $2.31K | ﹤0.01% |
+18,900
| New | +$2.35M |
|
2442
Angi Inc
ANGI
$251M
| $2.3K | ﹤0.01% |
20,735
-68,619
| -77% | -$9.46M |
|
|
HMHC
2443
DELISTED
Houghton Mifflin Harcourt Company
HMHC
| $2.3K | ﹤0.01% |
1,329,480
+301,237
| +29% | +$673K |
|
2444
CALL
United Natural Foods
UNFI
$2.94B
| $2.3K | ﹤0.01% |
+154,500
| New | +$2.93M |
|
2445
Criteo S.A. Ordinary Shares
CRTO
$1.13B
| $2.3K | ﹤0.01% |
188,345
-12,293
| -6% | -$159K |
|
|
ERF
2446
DELISTED
Enerplus Corporation
ERF
| $2.29K | ﹤0.01% |
1,234,101
+1,028,317
| +500% | +$2.57M |
|
|
VISN
2447
Vistance Networks Inc
VISN
$2.82B
| $2.29K | ﹤0.01% |
254,675
+142,157
| +126% | +$1.34M |
|
2448
Wendy's
WEN
$1.46B
| $2.28K | ﹤0.01% |
102,418
-360,240
| -78% | -$7.94M |
|
2449
CALL
Alcon
ALC
$34.6B
| $2.28K | ﹤0.01% |
40,000
-10,000
| -20% | -$588K |
|
2450
PUT
TG Therapeutics
TGTX
$7.46B
| $2.27K | ﹤0.01% |
+85,000
| New | +$1.96M |
|
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.