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 | |
|---|---|---|---|---|---|---|
3126
ProShares VIX Short-Term Futures ETF
VIXY
$182M
| $3.68M | ﹤0.01% |
10,759
+5,198
| +93% | +$1.58M |
|
|
PXD
3127
DELISTED
Pioneer Natural Resource Co.
PXD
| $3.67M | ﹤0.01% |
16,963
-208,195
| -92% | -$47.6M |
|
3128
Inter&Co
INTR
$2.53B
| $3.66M | ﹤0.01% |
+1,123,259
| New | +$3.94M |
|
3129
iShares 7-10 Year Treasury Bond ETF
IEF
$47.2B
| $3.66M | ﹤0.01% |
38,095
-16,061
| -30% | -$1.63M |
|
3130
UroGen Pharma
URGN
$2.22B
| $3.66M | ﹤0.01% |
439,522
-176,723
| -29% | -$1.46M |
|
|
IBTX
3131
DELISTED
Independent Bank Group, Inc.
IBTX
| $3.65M | ﹤0.01% |
+59,528
| New | +$4.11M |
|
3132
Sonos
SONO
$1.83B
| $3.65M | ﹤0.01% |
262,835
-231,656
| -47% | -$4.11M |
|
|
CLIM
3133
DELISTED
Climate Real Impact Solutions II Acquisition Corporation
CLIM
| $3.64M | ﹤0.01% |
368,884
+125,559
| +52% | +$1.24M |
|
3134
Invesco DB Agriculture Fund
DBA
$1.22B
| $3.63M | ﹤0.01% |
181,414
+109,116
| +151% | +$2.2M |
|
3135
AtriCure
ATRC
$2.01B
| $3.62M | ﹤0.01% |
92,650
-157,087
| -63% | -$7.19M |
|
3136
PUT
HF Sinclair
DINO
$14.7B
| $3.62M | ﹤0.01% |
67,300
+48,100
| +251% | +$2.38M |
|
3137
Vanguard High Dividend Yield ETF
VYM
$82.3B
| $3.62M | ﹤0.01% |
38,185
+24,367
| +176% | +$2.53M |
|
3138
Inovio Pharmaceuticals
INO
$69.6M
| $3.62M | ﹤0.01% |
+174,853
| New | +$4.48M |
|
3139
Clarivate
CLVT
$1.18B
| $3.61M | ﹤0.01% |
384,894
+359,015
| +1,387% | +$4.54M |
|
3140
PUT
Hasbro
HAS
$12.9B
| $3.61M | ﹤0.01% |
53,500
| – | – |
|
3141
iShares MSCI Hong Kong ETF
EWH
$1.21B
| $3.61M | ﹤0.01% |
197,680
+101,383
| +105% | +$2.1M |
|
3142
Volato Group
SOAR
$6.89M
| $3.61M | ﹤0.01% |
14,410
| – | – |
|
|
CTO
3143
CTO Realty Growth
CTO
$817M
| $3.6M | ﹤0.01% |
192,101
+173,141
| +913% | +$3.61M |
|
|
MAXN
3144
DELISTED
Maxeon Solar Technologies
MAXN
| $3.6M | ﹤0.01% |
1,515
+1,146
| +311% | +$2.12M |
|
|
TUP
3145
DELISTED
Tupperware Brands Corporation
TUP
| $3.6M | ﹤0.01% |
549,648
+515,270
| +1,499% | +$4.63M |
|
|
KAMN
3146
DELISTED
Kaman Corp
KAMN
| $3.6M | ﹤0.01% |
+128,706
| New | +$4.02M |
|
3147
Veru
VERU
$37.1M
| $3.59M | ﹤0.01% |
+31,176
| New | +$4.5M |
|
3148
PNC Financial Services
PNC
$101B
| $3.59M | ﹤0.01% |
24,027
-250,780
| -91% | -$40.6M |
|
3149
Manulife Financial
MFC
$74B
| $3.59M | ﹤0.01% |
228,665
-777,899
| -77% | -$13.6M |
|
|
X
3150
PUT
DELISTED
US Steel
X
| $3.58M | ﹤0.01% |
197,800
-102,200
| -34% | -$2.19M |
|
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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.