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 | |
|---|---|---|---|---|---|---|
326
PUT
Tyson Foods
TSN
$21.5B
| $99.7M | 0.06% |
1,511,600
+621,600
| +70% | +$49.2M |
|
|
CHNG
327
DELISTED
Change Healthcare Inc. Common Stock
CHNG
| $99.7M | 0.06% |
3,625,060
-130,605
| -3% | -$3.24M |
|
328
CALL
Texas Instruments
TXN
$253B
| $99.6M | 0.06% |
643,200
+164,900
| +34% | +$27.7M |
|
329
Weyerhaeuser
WY
$17.7B
| $99.5M | 0.06% |
3,482,906
+2,369,121
| +213% | +$80.7M |
|
330
Wendy's
WEN
$1.46B
| $99.3M | 0.06% |
5,314,268
+2,917,072
| +122% | +$58.7M |
|
331
DexCom
DXCM
$28.9B
| $99.3M | 0.06% |
1,232,572
+263,739
| +27% | +$22.3M |
|
332
Mercado Libre
MELI
$94.4B
| $99.1M | 0.06% |
119,773
+63,000
| +111% | +$54.2M |
|
333
PUT
Ulta Beauty
ULTA
$21.6B
| $99M | 0.06% |
246,800
+107,000
| +77% | +$43.1M |
|
334
Eversource Energy
ES
$28.4B
| $98.6M | 0.06% |
1,264,163
+151,163
| +14% | +$13.3M |
|
335
Republic Services
RSG
$66.6B
| $98.4M | 0.06% |
722,973
+712,999
| +7,149% | +$99.6M |
|
336
Walmart Inc
WMT
$900B
| $98M | 0.06% |
2,267,511
+1,026,060
| +83% | +$44.9M |
|
337
Advanced Drainage Systems
WMS
$11.1B
| $97.9M | 0.06% |
787,437
+684,568
| +665% | +$85.2M |
|
338
PUT
SPDR Gold Trust
GLD
$131B
| $97.8M | 0.06% |
632,200
-249,100
| -28% | -$40.1M |
|
339
Morgan Stanley
MS
$333B
| $97.6M | 0.06% |
1,235,258
-1,634,068
| -57% | -$138M |
|
340
Envista
NVST
$4.39B
| $97.3M | 0.06% |
2,967,043
+437,734
| +17% | +$16.6M |
|
341
PUT
General Motors
GM
$81.7B
| $97.1M | 0.06% |
3,026,800
+233,500
| +8% | +$8.57M |
|
342
DuPont de Nemours
DD
$19B
| $96.7M | 0.06% |
1,528,213
+1,436,788
| +1,572% | +$103M |
|
343
CALL
State Street Utilities Select Sector SPDR ETF
XLU
$23.4B
| $96M | 0.06% |
2,931,400
+79,000
| +3% | +$2.89M |
|
344
First Trust Dow Jones Internet Index Fund ETF
FDN
$5B
| $96M | 0.06% |
760,564
-115,864
| -13% | -$16.1M |
|
345
PUT
State Street Materials Select Sector SPDR ETF
XLB
$8.82B
| $95.9M | 0.06% |
2,820,800
-720,400
| -20% | -$27.1M |
|
346
CBRE Group
CBRE
$43.1B
| $95.9M | 0.06% |
1,420,064
-396,463
| -22% | -$31.4M |
|
347
Antero Resources
AR
$10.5B
| $95.7M | 0.06% |
3,134,717
-763,107
| -20% | -$28.2M |
|
|
SPLK
348
DELISTED
Splunk Inc
SPLK
| $95.7M | 0.06% |
1,272,633
+196,974
| +18% | +$19.3M |
|
349
Public Storage
PSA
$61.7B
| $95.4M | 0.06% |
325,949
+161,356
| +98% | +$52.5M |
|
350
CALL
iShares Expanded Tech-Software Sector ETF
IGV
$12.3B
| $95.3M | 0.06% |
1,904,500
| – | – |
|
Similar funds
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.