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 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$3.7B |
| 2 |
ATVI
Activision Blizzard
ATVI
|
+$907M |
| 3 |
iShares Russell 2000 ETF
IWM
|
+$644M |
| 4 |
NVIDIA
NVDA
|
+$440M |
| 5 |
CRH
CRH
|
+$429M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares Core S&P 500 ETF
IVV
|
+$689M |
| 2 |
Home Depot
HD
|
+$377M |
| 3 |
Cigna
CI
|
+$322M |
| 4 |
Valero Energy
VLO
|
+$250M |
| 5 |
Amphenol
APH
|
+$242M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 9.2% |
| 2 | Healthcare | 7.6% |
| 3 | Financials | 5.15% |
| 4 | Consumer Discretionary | 5.03% |
| 5 | Industrials | 4.94% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
376
Nutrien
NTR
$33.3B
| $99.3M | 0.05% |
1,608,224
+627,097
| +64% | +$39.7M |
|
377
CALL
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$34.5B
| $98.8M | 0.05% |
968,800
-562,400
| -37% | -$59.3M |
|
378
PUT
Elevance Health
ELV
$83.7B
| $98.7M | 0.05% |
226,600
+110,600
| +95% | +$50.2M |
|
379
RPM International
RPM
$14.3B
| $98.5M | 0.05% |
1,039,373
+359,098
| +53% | +$35M |
|
380
CALL
Comcast
CMCSA
$85.8B
| $98.3M | 0.05% |
2,217,800
+645,600
| +41% | +$28.8M |
|
381
PUT
Ford
F
$59.6B
| $98.1M | 0.05% |
7,897,500
+2,231,500
| +39% | +$29M |
|
382
PNC Financial Services
PNC
$100B
| $97.8M | 0.05% |
796,689
+730,276
| +1,100% | +$91.9M |
|
383
Atlassian
TEAM
$25.4B
| $97.4M | 0.05% |
483,182
+368,689
| +322% | +$70M |
|
384
PUT
ASML
ASML
$608B
| $97.3M | 0.05% |
165,300
+75,300
| +84% | +$50M |
|
385
Marriott International
MAR
$101B
| $97M | 0.05% |
493,677
+261,083
| +112% | +$51.9M |
|
386
Jacobs Solutions
J
$16.6B
| $96.8M | 0.05% |
857,334
+560,702
| +189% | +$60.4M |
|
387
CALL
Occidental Petroleum Corp Warrants
OXY.WS
$30.1B
| $96.4M | 0.05% |
2,235,436
-1,497,234
| -40% | -$61.4M |
|
388
CALL
State Street SPDR S&P Regional Banking ETF
KRE
$4.55B
| $96.3M | 0.05% |
2,305,800
+388,600
| +20% | +$17.3M |
|
389
GSK
GSK
$108B
| $95.1M | 0.05% |
2,624,131
+1,510,679
| +136% | +$53.6M |
|
390
PUT
iShares China Large-Cap ETF
FXI
$4.27B
| $94.7M | 0.05% |
3,568,100
+2,203,100
| +161% | +$60.8M |
|
391
CALL
Adobe
ADBE
$99B
| $94.4M | 0.05% |
185,200
-63,400
| -26% | -$33.3M |
|
392
PUT
HCA Healthcare
HCA
$92.8B
| $94M | 0.05% |
382,100
-31,700
| -8% | -$8.67M |
|
393
PUT
Marathon Petroleum
MPC
$89.3B
| $93.6M | 0.05% |
618,800
+475,400
| +332% | +$66.3M |
|
394
PUT
American Express
AXP
$227B
| $93.4M | 0.05% |
625,800
-19,800
| -3% | -$3.24M |
|
395
CSX Corp
CSX
$94.2B
| $93.2M | 0.05% |
3,032,375
+10,999
| +0.4% | +$348K |
|
396
Mondelez International
MDLZ
$80.2B
| $93.1M | 0.05% |
1,341,194
+130,110
| +11% | +$9.38M |
|
397
PUT
Pfizer
PFE
$144B
| $92.4M | 0.05% |
2,786,300
+197,100
| +8% | +$6.97M |
|
398
PUT
Honeywell
HON
$78.3B
| $92.4M | 0.05% |
530,500
-56,551
| -10% | -$10.3M |
|
|
399
CALL
Valero Energy
VLO
$88.7B
| $91.7M | 0.05% |
647,200
+555,800
| +608% | +$72.8M |
|
400
CALL
Alphabet (Google) Class C
GOOG
$4.07T
| $91.7M | 0.05% |
695,200
-515,400
| -43% | -$67M |
|
Similar funds
Millennium Management's Q3 2023 Portfolio in Review
As of Q3 2023, Millennium Management held 6,895 positions worth $198B, down 2.3% from $203B the previous quarter. Its ten largest holdings account for 21% of the portfolio.
Millennium Management's Q3 2023 filing shows 836 new, 2,327 increased, 2,312 reduced and 834 closed positions. Its largest new stake was Mobileye: 2,953,164 shares worth $123M. The largest sale was iShares Core S&P 500 ETF, an estimated $689M.
By sector, the portfolio is most concentrated in Technology at 9.2% of assets, up from 8.4% a quarter earlier, followed by Healthcare and Financials.
- Millennium Management's largest Q3 2023 buy was Mobileye: 2,953,164 shares worth $123M.
- Millennium Management added most to State Street SPDR S&P 500 ETF Trust in Q3 2023, an estimated $3.7B increase.
- Millennium Management's biggest Q3 2023 reduction was iShares Core S&P 500 ETF, cutting an estimated $689M.
- Millennium Management fully exited Blackstone in Q3 2023, selling an estimated $178M.
- Millennium Management's ten largest holdings make up 21% of its $198B portfolio in Q3 2023.
- Millennium Management opened 836 new positions and closed 834 in Q3 2023.
- Millennium Management's portfolio value fell 2.3% quarter-over-quarter to $198B.
Based on Millennium Management's 13F filing for Q3 2023, filed 14 Nov 2023.