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 | |
|---|---|---|---|---|---|---|
|
AXDX
3951
DELISTED
Accelerate Diagnostics
AXDX
| $1.45M | ﹤0.01% |
95,675
+71,896
| +302% | +$1.19M |
|
3952
Greif Class B
GEF.B
$4.23B
| $1.45M | ﹤0.01% |
23,890
+16,863
| +240% | +$1.11M |
|
|
NARI
3953
PUT
DELISTED
Inari Medical, Inc. Common Stock
NARI
| $1.45M | ﹤0.01% |
+20,000
| New | +$1.49M |
|
|
FRXB.U
3954
DELISTED
Forest Road Acquisition Corp. II Units, each consisting of one share of Class A common stock, and one-fifth of one redeemable warrant
FRXB.U
| $1.45M | ﹤0.01% |
147,782
-2,782
| -2% | -$27.3K |
|
|
VSXY
3955
Victoria's Secret
VSXY
$7.14B
| $1.45M | ﹤0.01% |
49,817
-17,857
| -26% | -$602K |
|
3956
CALL
EPAM Systems
EPAM
$5.74B
| $1.45M | ﹤0.01% |
4,000
| – | – |
|
|
PPLI
3957
CALL
People Inc
PPLI
$3.28B
| $1.45M | ﹤0.01% |
+31,816
| New | +$1.79M |
|
|
PPLI
3958
PUT
People Inc
PPLI
$3.28B
| $1.45M | ﹤0.01% |
+31,816
| New | +$1.79M |
|
3959
Norwood Financial Corp
NWFL
$371M
| $1.44M | ﹤0.01% |
54,309
-2,766
| -5% | -$70.8K |
|
|
HEES
3960
DELISTED
H&E Equipment Services
HEES
| $1.44M | ﹤0.01% |
50,931
-2,486
| -5% | -$78.2K |
|
3961
Check Point Software Technologies
CHKP
$12.8B
| $1.43M | ﹤0.01% |
12,800
-231,364
| -95% | -$28M |
|
3962
Karyopharm Therapeutics
KPTI
$43.3M
| $1.43M | ﹤0.01% |
17,512
-22,847
| -57% | -$1.71M |
|
3963
Dine Brands
DIN
$453M
| $1.43M | ﹤0.01% |
22,523
+18,155
| +416% | +$1.26M |
|
3964
Graham Holdings Company
GHC
$5.14B
| $1.43M | ﹤0.01% |
2,653
-953
| -26% | -$545K |
|
3965
Valvoline
VVV
$4.72B
| $1.43M | ﹤0.01% |
56,316
-296,236
| -84% | -$8.67M |
|
|
BMAC
3966
DELISTED
Black Mountain Acquisition Corp.
BMAC
| $1.42M | ﹤0.01% |
142,016
+35,321
| +33% | +$353K |
|
3967
British American Tobacco
BTI
$128B
| $1.42M | ﹤0.01% |
40,068
+14,267
| +55% | +$572K |
|
3968
iShares JPMorgan USD Emerging Markets Bond ETF
EMB
$14.7B
| $1.42M | ﹤0.01% |
17,901
-68,924
| -79% | -$5.89M |
|
3969
Insulet
PODD
$9.23B
| $1.42M | ﹤0.01% |
6,187
-11,928
| -66% | -$2.99M |
|
3970
Terex
TEX
$7.55B
| $1.42M | ﹤0.01% |
+47,580
| New | +$1.56M |
|
|
3971
EPAM Systems
EPAM
$5.74B
| $1.41M | ﹤0.01% |
3,902
-40,491
| -91% | -$15.5M |
|
3972
Liberty Latin America Class A
LILA
$1.69B
| $1.41M | ﹤0.01% |
335,826
-237,359
| -41% | -$1.15M |
|
3973
Park-Ohio Holdings
PKOH
$599M
| $1.41M | ﹤0.01% |
124,723
-20,928
| -14% | -$343K |
|
|
SIVB
3974
PUT
DELISTED
SVB Financial Group
SIVB
| $1.41M | ﹤0.01% |
4,200
+1,000
| +31% | +$403K |
|
3975
Root
ROOT
$954M
| $1.41M | ﹤0.01% |
178,808
+57,133
| +47% | +$894K |
|
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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.