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 |
Invesco QQQ Trust
QQQ
|
+$917M |
| 2 |
Salesforce
CRM
|
+$378M |
| 3 |
Boeing
BA
|
+$297M |
| 4 |
DexCom
DXCM
|
+$292M |
| 5 |
Amazon
AMZN
|
+$267M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
DRE
Duke Realty Corp.
DRE
|
+$779M |
| 2 |
Chevron
CVX
|
+$569M |
| 3 |
Home Depot
HD
|
+$292M |
| 4 |
PepsiCo
PEP
|
+$259M |
| 5 |
Chubb
CB
|
+$248M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 8.23% |
| 2 | Healthcare | 7.53% |
| 3 | Financials | 7.5% |
| 4 | Industrials | 5.83% |
| 5 | Consumer Discretionary | 5.36% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
251
American Express
AXP
$232B
| $140M | 0.08% |
946,952
-424,332
| -31% | -$62.9M |
|
252
Lamb Weston
LW
$7.3B
| $140M | 0.08% |
1,563,675
-732,406
| -32% | -$62.3M |
|
253
TJX Companies
TJX
$170B
| $140M | 0.08% |
1,754,317
+1,296,682
| +283% | +$95.7M |
|
254
United Airlines
UAL
$41B
| $140M | 0.08% |
3,703,100
-189,496
| -5% | -$7.69M |
|
255
Chipotle Mexican Grill
CMG
$41.3B
| $140M | 0.08% |
5,027,600
+2,415,700
| +92% | +$72.2M |
|
256
AutoZone
AZO
$49.7B
| $139M | 0.08% |
56,209
+13,256
| +31% | +$32M |
|
257
Sociedad Química y Minera de Chile
SQM
$20.4B
| $139M | 0.08% |
1,736,253
+1,243,972
| +253% | +$115M |
|
258
Illinois Tool Works
ITW
$83.3B
| $139M | 0.08% |
628,985
+447,170
| +246% | +$95.2M |
|
259
Conagra Brands
CAG
$7.39B
| $138M | 0.08% |
3,559,381
+812,655
| +30% | +$29.5M |
|
|
P
260
Everpure Inc
P
$39B
| $137M | 0.08% |
5,131,156
+3,547,011
| +224% | +$103M |
|
261
CALL
Philip Morris
PM
$294B
| $137M | 0.08% |
1,349,000
+361,700
| +37% | +$34.1M |
|
262
Jones Lang LaSalle
JLL
$17B
| $136M | 0.08% |
856,431
+377,046
| +79% | +$60.1M |
|
263
Republic Services
RSG
$65.6B
| $136M | 0.08% |
1,054,591
+331,618
| +46% | +$44.2M |
|
264
Lincoln National
LNC
$8.67B
| $136M | 0.08% |
4,420,920
+3,155,232
| +249% | +$125M |
|
|
BLD
265
DELISTED
TopBuild
BLD
| $135M | 0.07% |
864,237
+602,416
| +230% | +$95.8M |
|
|
CNH
266
CNH Industrial
CNH
$16.7B
| $135M | 0.07% |
8,381,120
+7,112,598
| +561% | +$102M |
|
|
FITB
267
Fifth Third Bancorp
FITB
$52.6B
| $133M | 0.07% |
4,044,838
+1,506,276
| +59% | +$51.4M |
|
268
PUT
Amgen
AMGN
$226B
| $133M | 0.07% |
505,200
+121,700
| +32% | +$32.6M |
|
269
PUT
State Street Health Care Select Sector SPDR ETF
XLV
$44B
| $133M | 0.07% |
975,900
-179,600
| -16% | -$23.8M |
|
270
Bio-Rad Laboratories Class A
BIO
$9.68B
| $132M | 0.07% |
315,081
-143,564
| -31% | -$57.9M |
|
271
Axalta
AXTA
$7.93B
| $132M | 0.07% |
5,193,950
+5,107,608
| +5,916% | +$126M |
|
272
KeyCorp
KEY
$24.6B
| $132M | 0.07% |
7,591,487
+4,502,914
| +146% | +$79.2M |
|
273
Southwest Airlines
LUV
$22B
| $132M | 0.07% |
3,915,918
+676,120
| +21% | +$24.4M |
|
274
Arrow Electronics
ARW
$10.6B
| $131M | 0.07% |
1,255,591
+258,224
| +26% | +$26.6M |
|
275
Avista
AVA
$3.23B
| $131M | 0.07% |
2,945,495
+2,539,057
| +625% | +$102M |
|
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Millennium Management's Q4 2022 Portfolio in Review
As of Q4 2022, Millennium Management held 7,859 positions worth $181B, up 6.9% from $169B the previous quarter. Its ten largest holdings account for 20% of the portfolio.
Millennium Management's Q4 2022 filing shows 848 new, 2,517 increased, 2,492 reduced and 1,332 closed positions. Its largest new stake was Keurig Dr Pepper: 4,680,704 shares worth $167M. The largest sale was Duke Realty Corp., an estimated $779M.
By sector, the portfolio is most concentrated in Technology at 8.2% of assets, up from 7.9% a quarter earlier, followed by Healthcare and Financials.
- Millennium Management's largest Q4 2022 buy was Keurig Dr Pepper: 4,680,704 shares worth $167M.
- Millennium Management added most to Invesco QQQ Trust in Q4 2022, an estimated $917M increase.
- Millennium Management's biggest Q4 2022 reduction was Chevron, cutting an estimated $569M.
- Millennium Management fully exited Duke Realty Corp. in Q4 2022, selling an estimated $779M.
- Millennium Management's ten largest holdings make up 20% of its $181B portfolio in Q4 2022.
- Millennium Management opened 848 new positions and closed 1,332 in Q4 2022.
- Millennium Management's portfolio value rose 6.9% quarter-over-quarter to $181B.
Based on Millennium Management's 13F filing for Q4 2022, filed 14 Feb 2023.