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 |
Linde
LIN
|
+$374M |
| 2 |
AT&T
T
|
+$293M |
| 3 |
NVIDIA
NVDA
|
+$291M |
| 4 |
State Street Energy Select Sector SPDR ETF
XLE
|
+$283M |
| 5 |
Williams Companies
WMB
|
+$274M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Invesco QQQ Trust
QQQ
|
+$1.09B |
| 2 |
Lam Research
LRCX
|
+$351M |
| 3 |
iShares Russell 2000 ETF
IWM
|
+$330M |
| 4 |
Apple
AAPL
|
+$328M |
| 5 |
Boeing
BA
|
+$292M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 8.37% |
| 2 | Healthcare | 7.97% |
| 3 | Financials | 6.13% |
| 4 | Consumer Discretionary | 5.62% |
| 5 | Industrials | 5.59% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
2501
PUT
Akamai
AKAM
$17.1B
| $5.32M | ﹤0.01% |
68,000
-453,000
| -87% | -$36.7M |
|
2502
Live Nation Entertainment
LYV
$42.3B
| $5.32M | ﹤0.01% |
76,052
-228,625
| -75% | -$16.8M |
|
2503
State Street Blackstone Senior Loan ETF
SRLN
$5.31B
| $5.32M | ﹤0.01% |
128,396
+60,644
| +90% | +$2.52M |
|
2504
Tennant Co
TNC
$1.46B
| $5.31M | ﹤0.01% |
77,479
-64,462
| -45% | -$4.37M |
|
2505
PUT
DraftKings
DKNG
$11.7B
| $5.31M | ﹤0.01% |
+274,200
| New | +$4.56M |
|
2506
IHS Holding
IHS
$2.78B
| $5.31M | ﹤0.01% |
+605,954
| New | +$4.53M |
|
2507
CALL
Molson Coors Class B
TAP
$7.86B
| $5.3M | ﹤0.01% |
+102,600
| New | +$5.31M |
|
|
EQC
2508
DELISTED
Equity Commonwealth
EQC
| $5.29M | ﹤0.01% |
255,450
+88,902
| +53% | +$2.06M |
|
2509
C.H. Robinson
CHRW
$17.3B
| $5.29M | ﹤0.01% |
53,192
-1,081,073
| -95% | -$106M |
|
2510
PUT
Global Payments
GPN
$23.6B
| $5.28M | ﹤0.01% |
50,200
-40,100
| -44% | -$4.35M |
|
2511
iShares MSCI All Country Asia ex Japan ETF
AAXJ
$3.7B
| $5.27M | ﹤0.01% |
77,700
+67,900
| +693% | +$4.64M |
|
2512
CEVA Inc
CEVA
$927M
| $5.27M | ﹤0.01% |
173,215
+146,931
| +559% | +$4.6M |
|
2513
PUT
Paychex
PAYX
$41.9B
| $5.26M | ﹤0.01% |
45,900
-76,800
| -63% | -$8.74M |
|
|
BRFS
2514
DELISTED
BRF SA
BRFS
| $5.26M | ﹤0.01% |
4,106,271
+259,244
| +7% | +$364K |
|
2515
Full Truck Alliance
YMM
$10.1B
| $5.25M | ﹤0.01% |
690,443
+614,994
| +815% | +$4.87M |
|
2516
Annexon
ANNX
$860M
| $5.25M | ﹤0.01% |
1,364,343
+837,812
| +159% | +$4.61M |
|
2517
PUT
Five Below
FIVE
$12B
| $5.25M | ﹤0.01% |
25,500
-79,600
| -76% | -$15.7M |
|
2518
Floor & Decor
FND
$6.08B
| $5.25M | ﹤0.01% |
+53,419
| New | +$4.8M |
|
2519
PUT
Zscaler
ZS
$25B
| $5.22M | ﹤0.01% |
44,700
+36,600
| +452% | +$4.39M |
|
|
ZING
2520
DELISTED
FTAC Zeus Acquisition Corp. Class A Common Stock
ZING
| $5.21M | ﹤0.01% |
507,412
-92,483
| -15% | -$942K |
|
2521
iShares MSCI EAFE Min Vol Factor ETF
EFAV
$5.42B
| $5.21M | ﹤0.01% |
76,986
+68,830
| +844% | +$4.53M |
|
|
VTLE
2522
DELISTED
Vital Energy
VTLE
| $5.19M | ﹤0.01% |
113,897
-133,070
| -54% | -$6.64M |
|
|
FORG
2523
DELISTED
ForgeRock, Inc.
FORG
| $5.19M | ﹤0.01% |
251,741
+194,709
| +341% | +$3.95M |
|
|
MRSN
2524
DELISTED
Mersana Therapeutics
MRSN
| $5.18M | ﹤0.01% |
50,442
-96,099
| -66% | -$13.5M |
|
2525
Stock Yards Bancorp
SYBT
$2.62B
| $5.16M | ﹤0.01% |
93,532
+89,988
| +2,539% | +$5.25M |
|
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Millennium Management's Q1 2023 Portfolio in Review
As of Q1 2023, Millennium Management held 7,511 positions worth $174B, down 3.5% from $181B the previous quarter. Its ten largest holdings account for 25% of the portfolio.
Millennium Management withdrew a net $18.1B in Q1 2023, closing 1,210 positions and reducing 2,570 holdings. Its most notable exit was Apollo Global Management, an estimated $112M position sold in full.
By sector, the portfolio is most concentrated in Technology at 8.4% of assets, up from 8.2% a quarter earlier, followed by Healthcare and Financials.
Against the trend, Millennium Management opened a new position in Warner Bros worth $96.9M.
- Millennium Management's largest Q1 2023 buy was Warner Bros: 6,417,147 shares worth $96.9M.
- Millennium Management added most to Linde in Q1 2023, an estimated $374M increase.
- Millennium Management's biggest Q1 2023 reduction was Invesco QQQ Trust, cutting an estimated $1.09B.
- Millennium Management fully exited Apollo Global Management in Q1 2023, selling an estimated $112M.
- Millennium Management's ten largest holdings make up 25% of its $174B portfolio in Q1 2023.
- Millennium Management opened 988 new positions and closed 1,210 in Q1 2023.
- Millennium Management's portfolio value fell 3.5% quarter-over-quarter to $174B.
Based on Millennium Management's 13F filing for Q1 2023, filed 15 May 2023.