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 | |
|---|---|---|---|---|---|---|
|
AAIC
4076
DELISTED
Arlington Asset Investment Corp.
AAIC
| $941K | ﹤0.01% |
328,850
+19,841
| +6% | +$58.4K |
|
4077
X4 Pharmaceuticals
XFOR
$460M
| $940K | ﹤0.01% |
36,007
-2,441
| -6% | -$71.6K |
|
|
AVAC
4078
DELISTED
Avalon Acquisition Inc. Class A Common Stock
AVAC
| $939K | ﹤0.01% |
90,000
-1,005
| -1% | -$10.4K |
|
4079
nLIGHT
LASR
$3.17B
| $937K | ﹤0.01% |
+92,041
| New | +$1.06M |
|
4080
Medallion Financial
MFIN
$250M
| $937K | ﹤0.01% |
+122,174
| New | +$981K |
|
4081
Blackbaud
BLKB
$2.08B
| $935K | ﹤0.01% |
13,496
-2,035
| -13% | -$122K |
|
|
TBI
4082
Trueblue
TBI
$311M
| $935K | ﹤0.01% |
52,501
+5,325
| +11% | +$99.5K |
|
4083
Barrett Business Services
BBSI
$804M
| $934K | ﹤0.01% |
42,140
+10,280
| +32% | +$240K |
|
4084
PUT
iShares MSCI Japan ETF
EWJ
$23B
| $933K | ﹤0.01% |
+15,900
| New | +$905K |
|
4085
PUT
Hercules Capital
HTGC
$3.23B
| $931K | ﹤0.01% |
+72,200
| New | +$1.01M |
|
4086
PUT
Waters Corp
WAT
$39.9B
| $929K | ﹤0.01% |
3,000
-2,000
| -40% | -$647K |
|
4087
Village Super Market
VLGEA
$639M
| $927K | ﹤0.01% |
40,516
-12,063
| -23% | -$276K |
|
|
MZTI
4088
The Marzetti Company
MZTI
$3.11B
| $926K | ﹤0.01% |
4,563
+1,559
| +52% | +$303K |
|
|
PARA
4089
DELISTED
Paramount Global Class B
PARA
| $926K | ﹤0.01% |
41,495
-2,174,273
| -98% | -$46.6M |
|
|
NARI
4090
PUT
DELISTED
Inari Medical, Inc. Common Stock
NARI
| $926K | ﹤0.01% |
+15,000
| New | +$900K |
|
|
JNCE
4091
DELISTED
Jounce Therapeutics, Inc. Common Stock
JNCE
| $925K | ﹤0.01% |
500,000
-1,328,681
| -73% | -$1.65M |
|
4092
Escalade
ESCA
$311M
| $923K | ﹤0.01% |
63,218
+24,479
| +63% | +$311K |
|
4093
Quanta Services
PWR
$101B
| $923K | ﹤0.01% |
5,537
-14,117
| -72% | -$2.17M |
|
|
NINE
4094
DELISTED
Nine Energy Service
NINE
| $922K | ﹤0.01% |
165,746
-48,804
| -23% | -$504K |
|
|
PCTI
4095
DELISTED
PCTEL, Inc. Common Stock
PCTI
| $922K | ﹤0.01% |
218,035
+12,835
| +6% | +$58.6K |
|
4096
CTS Corp
CTS
$1.89B
| $920K | ﹤0.01% |
18,606
-17,506
| -48% | -$783K |
|
4097
CALL
Moody's
MCO
$82.7B
| $918K | ﹤0.01% |
3,000
-55,400
| -95% | -$16.7M |
|
|
GVCI
4098
DELISTED
Green Visor Financial Technology Acquisition Corp. I Class A Ordinary Shares
GVCI
| $918K | ﹤0.01% |
87,200
-65,000
| -43% | -$679K |
|
4099
Definitive Healthcare
DH
$75.3M
| $917K | ﹤0.01% |
88,737
-42,599
| -32% | -$502K |
|
|
GTLS
4100
DELISTED
Chart Industries
GTLS
| $917K | ﹤0.01% |
7,309
-397,145
| -98% | -$51.1M |
|
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 1,209 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 987 new positions and closed 1,209 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.