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 |
DRE
Duke Realty Corp.
DRE
|
+$886M |
| 2 |
Chevron
CVX
|
+$595M |
| 3 |
Union Pacific
UNP
|
+$360M |
| 4 |
Baxter International
BAX
|
+$276M |
| 5 |
Xcel Energy
XEL
|
+$252M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Invesco QQQ Trust
QQQ
|
+$520M |
| 2 |
NXP Semiconductors
NXPI
|
+$248M |
| 3 |
Oracle
ORCL
|
+$242M |
| 4 |
Amgen
AMGN
|
+$197M |
| 5 |
Eli Lilly
LLY
|
+$186M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 8.12% |
| 2 | Technology | 7.86% |
| 3 | Healthcare | 6.8% |
| 4 | Industrials | 5.01% |
| 5 | Consumer Discretionary | 4.23% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
226
Interactive Brokers
IBKR
$41.1B
| $127M | 0.08% |
7,942,288
+1,397,856
| +21% | +$21.5M |
|
227
United Airlines
UAL
$39.1B
| $127M | 0.07% |
3,892,596
+336,123
| +9% | +$12.5M |
|
228
CF Industries
CF
$18.4B
| $127M | 0.07% |
1,315,108
-775,089
| -37% | -$75.6M |
|
229
Keysight
KEYS
$53.6B
| $126M | 0.07% |
803,751
+702,029
| +690% | +$112M |
|
230
UnitedHealth
UNH
$379B
| $126M | 0.07% |
249,992
+227,401
| +1,007% | +$120M |
|
231
PUT
McKesson
MCK
$99.5B
| $126M | 0.07% |
370,700
+8,600
| +2% | +$2.99M |
|
232
PUT
State Street SPDR Dow Jones Industrial Average ETF Trust
DIA
$45.5B
| $126M | 0.07% |
437,600
-199,900
| -31% | -$63.5M |
|
233
CALL
Lockheed Martin
LMT
$134B
| $124M | 0.07% |
320,900
+115,200
| +56% | +$48.1M |
|
234
APA Corp
APA
$12.3B
| $123M | 0.07% |
3,591,888
+1,848,342
| +106% | +$66.1M |
|
235
Dow Inc
DOW
$20.8B
| $123M | 0.07% |
2,793,349
+1,193,892
| +75% | +$60.5M |
|
|
SF
236
Stifel
SF
$12.5B
| $123M | 0.07% |
3,543,785
-69,388
| -2% | -$2.73M |
|
237
PUT
Humana
HUM
$45.8B
| $123M | 0.07% |
252,700
+61,100
| +32% | +$29.7M |
|
238
Mastercard
MA
$487B
| $123M | 0.07% |
431,035
+95,590
| +28% | +$31.7M |
|
239
Deere & Co
DE
$169B
| $123M | 0.07% |
367,018
+99,774
| +37% | +$34.2M |
|
240
PUT
Workday
WDAY
$36.4B
| $122M | 0.07% |
804,100
-140,000
| -15% | -$21.9M |
|
241
CALL
Advanced Micro Devices
AMD
$807B
| $122M | 0.07% |
1,929,000
+343,200
| +22% | +$29.2M |
|
242
Abbott
ABT
$182B
| $122M | 0.07% |
1,259,182
-1,334,413
| -51% | -$142M |
|
243
United Therapeutics
UTHR
$26.3B
| $122M | 0.07% |
581,710
+100,312
| +21% | +$22.4M |
|
|
Y
244
DELISTED
Alleghany Corp
Y
| $122M | 0.07% |
144,758
-11,078
| -7% | -$9.29M |
|
245
Avery Dennison
AVY
$12.5B
| $121M | 0.07% |
746,478
+9,360
| +1% | +$1.7M |
|
|
FISV
246
PUT
Fiserv Inc
FISV
$27.9B
| $121M | 0.07% |
1,293,400
+317,400
| +33% | +$32.3M |
|
247
Adobe
ADBE
$94.5B
| $121M | 0.07% |
439,082
-29,648
| -6% | -$11.2M |
|
248
CALL
MetLife
MET
$61.2B
| $121M | 0.07% |
1,984,000
+1,148,600
| +137% | +$73.4M |
|
|
ATVI
249
PUT
DELISTED
Activision Blizzard
ATVI
| $120M | 0.07% |
1,616,200
+212,200
| +15% | +$16.6M |
|
250
CALL
Cigna
CI
$77B
| $120M | 0.07% |
432,200
+149,100
| +53% | +$42M |
|
Similar funds
Millennium Management's Q3 2022 Portfolio in Review
As of Q3 2022, Millennium Management held 7,917 positions worth $169B, up 4.9% from $161B the previous quarter. Its ten largest holdings account for 23% of the portfolio.
Millennium Management deployed $14.7B of net new capital in Q3 2022, opening 1,007 new positions and adding to 2,598 existing holdings. Its largest new stake was Rockwell Automation: 953,525 shares worth $205M.
By sector, the portfolio is most concentrated in Financials at 8.1% of assets, up from 7.6% a quarter earlier, followed by Technology and Healthcare.
On the sell side, the largest reduction was Invesco QQQ Trust, an estimated $520M trimmed.
- Millennium Management's largest Q3 2022 buy was Rockwell Automation: 953,525 shares worth $205M.
- Millennium Management added most to Duke Realty Corp. in Q3 2022, an estimated $886M increase.
- Millennium Management's biggest Q3 2022 reduction was Invesco QQQ Trust, cutting an estimated $520M.
- Millennium Management fully exited Coherent Inc in Q3 2022, selling an estimated $114M.
- Millennium Management's ten largest holdings make up 23% of its $169B portfolio in Q3 2022.
- Millennium Management opened 1,007 new positions and closed 906 in Q3 2022.
- Millennium Management's portfolio value rose 4.9% quarter-over-quarter to $169B.
Based on Millennium Management's 13F filing for Q3 2022, filed 14 Nov 2022.