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 | |
|---|---|---|---|---|---|---|
251
Murphy USA
MUSA
$11.4B
| $124M | 0.07% |
480,752
+125,273
| +35% | +$32.6M |
|
252
US Bancorp
USB
$97.9B
| $124M | 0.07% |
3,440,426
-1,948,300
| -36% | -$86.8M |
|
253
Ross Stores
ROST
$80.8B
| $124M | 0.07% |
1,168,418
+853,932
| +272% | +$95.9M |
|
254
PUT
Morgan Stanley
MS
$319B
| $124M | 0.07% |
1,408,900
-960,500
| -41% | -$89.6M |
|
|
255
CALL
State Street Energy Select Sector SPDR ETF
XLE
$39B
| $124M | 0.07% |
2,986,800
+548,800
| +23% | +$23.5M |
|
256
Enphase Energy
ENPH
$4.62B
| $123M | 0.07% |
586,168
-265,644
| -31% | -$57.5M |
|
257
Prologis
PLD
$136B
| $123M | 0.07% |
984,224
+336,998
| +52% | +$41.4M |
|
258
Vale
VALE
$62.3B
| $123M | 0.07% |
7,766,305
+6,212,354
| +400% | +$105M |
|
259
Eaton
ETN
$141B
| $123M | 0.07% |
715,095
-633,236
| -47% | -$105M |
|
260
PUT
Cisco
CSCO
$443B
| $122M | 0.07% |
2,333,900
-918,600
| -28% | -$44.9M |
|
|
FISV
261
PUT
Fiserv Inc
FISV
$29.7B
| $121M | 0.07% |
1,073,400
-157,400
| -13% | -$17.3M |
|
262
Edwards Lifesciences
EW
$49.4B
| $121M | 0.07% |
1,465,172
-3,068,983
| -68% | -$241M |
|
263
CF Industries
CF
$19.6B
| $121M | 0.07% |
1,671,967
+1,036,381
| +163% | +$84.7M |
|
264
CALL
Amgen
AMGN
$209B
| $121M | 0.07% |
500,700
-78,000
| -13% | -$19.1M |
|
265
Evergy
EVRG
$19.4B
| $120M | 0.07% |
1,970,544
-1,179,538
| -37% | -$71.7M |
|
266
Citigroup
C
$213B
| $120M | 0.07% |
2,558,998
+615,855
| +32% | +$30.2M |
|
267
Devon Energy
DVN
$51.3B
| $120M | 0.07% |
2,370,899
+2,169,802
| +1,079% | +$124M |
|
268
Autodesk
ADSK
$51.8B
| $120M | 0.07% |
574,816
-115,430
| -17% | -$23.8M |
|
269
Royal Gold
RGLD
$16.6B
| $119M | 0.07% |
919,513
+623,281
| +210% | +$76.8M |
|
270
RTX Corp
RTX
$290B
| $118M | 0.07% |
1,206,812
+402,517
| +50% | +$39.6M |
|
|
MRSH
271
Marsh
MRSH
$94.3B
| $117M | 0.07% |
705,103
+683,961
| +3,235% | +$114M |
|
272
Lamb Weston
LW
$7.42B
| $117M | 0.07% |
1,121,499
-442,176
| -28% | -$43.7M |
|
|
BLD
273
DELISTED
TopBuild
BLD
| $117M | 0.07% |
562,533
-301,704
| -35% | -$58.3M |
|
274
Hershey
HSY
$37.3B
| $117M | 0.07% |
458,742
+236,082
| +106% | +$55.5M |
|
275
CALL
SPDR Gold Trust
GLD
$131B
| $116M | 0.07% |
635,000
+4,800
| +0.8% | +$845K |
|
Similar funds
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.