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 | |
|---|---|---|---|---|---|---|
2551
ScottsMiracle-Gro
SMG
$3.66B
| $6.77M | ﹤0.01% |
158,293
+32,004
| +25% | +$2.3M |
|
|
PANA
2552
DELISTED
Panacea Acquisition Corp. II Class A Ordinary Shares
PANA
| $6.77M | ﹤0.01% |
690,557
-34,532
| -5% | -$338K |
|
2553
CALL
Uber
UBER
$153B
| $6.76M | ﹤0.01% |
255,300
+154,400
| +153% | +$4.27M |
|
2554
Liberty Global Class A
LBTYA
$3.6B
| $6.76M | ﹤0.01% |
433,826
+395,096
| +1,020% | +$7.95M |
|
2555
Logitech
LOGI
$15.2B
| $6.75M | ﹤0.01% |
146,857
-169,832
| -54% | -$8.93M |
|
|
CPAA
2556
DELISTED
Conyers Park III Acquisition Corp. Class A Common Stock
CPAA
| $6.75M | ﹤0.01% |
695,000
| – | – |
|
2557
Ecopetrol
EC
$34.5B
| $6.74M | ﹤0.01% |
754,276
+289,414
| +62% | +$2.98M |
|
2558
CALL
Devon Energy
DVN
$47.3B
| $6.72M | ﹤0.01% |
111,800
+107,100
| +2,279% | +$6.65M |
|
2559
Itaú Unibanco
ITUB
$87.5B
| $6.72M | ﹤0.01% |
1,472,013
-1,445,157
| -50% | -$6.16M |
|
2560
Arbutus Biopharma
ABUS
$915M
| $6.7M | ﹤0.01% |
3,510,188
-648,876
| -16% | -$1.53M |
|
|
FLAC
2561
DELISTED
Frazier Lifesciences Acquisition Corporation Class A Ordinary Shares
FLAC
| $6.69M | ﹤0.01% |
670,570
-8,819
| -1% | -$87.5K |
|
2562
Under Armour
UAA
$2.6B
| $6.68M | ﹤0.01% |
1,004,871
+862,007
| +603% | +$7.54M |
|
2563
Angi Inc
ANGI
$196M
| $6.66M | ﹤0.01% |
225,836
+220,240
| +3,936% | +$9.7M |
|
2564
Equitable Holdings
EQH
$14.1B
| $6.66M | ﹤0.01% |
252,793
-1,316,979
| -84% | -$37.4M |
|
2565
Chegg
CHGG
$102M
| $6.66M | ﹤0.01% |
316,100
-957,307
| -75% | -$19.8M |
|
2566
Cathay General Bancorp
CATY
$4.24B
| $6.65M | ﹤0.01% |
172,878
-277,745
| -62% | -$11.6M |
|
2567
CALL
Wendy's
WEN
$1.46B
| $6.64M | ﹤0.01% |
+355,400
| New | +$7.15M |
|
2568
iShares Core MSCI Emerging Markets ETF
IEMG
$156B
| $6.63M | ﹤0.01% |
+154,292
| New | +$7.4M |
|
2569
Plug Power
PLUG
$3.04B
| $6.62M | ﹤0.01% |
315,249
-141,090
| -31% | -$3.36M |
|
2570
State Street SPDR S&P Metals & Mining ETF
XME
$4.42B
| $6.62M | ﹤0.01% |
155,875
-320,131
| -67% | -$15M |
|
|
IGMS
2571
DELISTED
IGM Biosciences
IGMS
| $6.62M | ﹤0.01% |
291,215
-298,186
| -51% | -$6.02M |
|
2572
Dillards
DDS
$9.56B
| $6.62M | ﹤0.01% |
24,271
+6,463
| +36% | +$1.71M |
|
2573
Puma Biotechnology
PBYI
$454M
| $6.62M | ﹤0.01% |
2,792,549
+575,905
| +26% | +$1.68M |
|
2574
PUT
Viatris
VTRS
$18.9B
| $6.61M | ﹤0.01% |
776,300
-1,700
| -0.2% | -$16.7K |
|
2575
iRhythm Holdings
IRTC
$4.2B
| $6.61M | ﹤0.01% |
52,766
-120,181
| -69% | -$17.4M |
|
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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.