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
|
+$1.38B |
| 2 |
Microsoft
MSFT
|
+$667M |
| 3 |
Spotify
SPOT
|
+$528M |
| 4 |
iShares Bitcoin Trust
IBIT
|
+$438M |
| 5 |
Eli Lilly
LLY
|
+$412M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$2.59B |
| 2 |
Amazon
AMZN
|
+$1.45B |
| 3 |
Merck
MRK
|
+$925M |
| 4 |
Broadcom
AVGO
|
+$765M |
| 5 |
iShares Core S&P 500 ETF
IVV
|
+$672M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 8.59% |
| 2 | Healthcare | 7.29% |
| 3 | Financials | 7.2% |
| 4 | Industrials | 6.32% |
| 5 | Consumer Discretionary | 4.85% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
426
HCA Healthcare
HCA
$92.8B
| $97.8M | 0.05% |
240,515
-12,201
| -5% | -$4.47M |
|
427
Oracle
ORCL
$346B
| $97.6M | 0.05% |
573,000
-395,029
| -41% | -$57.2M |
|
428
Burlington
BURL
$23.3B
| $97.1M | 0.05% |
368,575
+91,646
| +33% | +$23.7M |
|
429
Carrier Global
CARR
$52.5B
| $97M | 0.05% |
1,205,284
-634,056
| -34% | -$44.1M |
|
430
Target
TGT
$65.5B
| $96.8M | 0.05% |
621,139
-233,467
| -27% | -$34.8M |
|
|
SUM
431
DELISTED
Summit Materials, Inc. Class A Common Stock
SUM
| $96.7M | 0.05% |
2,478,643
-275,173
| -10% | -$10.6M |
|
432
Cummins
CMI
$88.5B
| $96.7M | 0.05% |
298,649
+57,253
| +24% | +$17M |
|
433
BP
BP
$107B
| $96.3M | 0.05% |
3,069,004
+971,088
| +46% | +$32.9M |
|
|
PR
434
Permian Resources
PR
$16.5B
| $95.5M | 0.05% |
7,020,320
-1,949,744
| -22% | -$28.6M |
|
435
Citizens Financial Group
CFG
$30.8B
| $95.5M | 0.05% |
2,325,248
-4,257,661
| -65% | -$172M |
|
436
Fluor
FLR
$6.89B
| $95.4M | 0.05% |
1,999,688
-1,842,620
| -48% | -$86.9M |
|
|
GRFS
437
Grifois
GRFS
$5.44B
| $95.3M | 0.05% |
10,729,530
-3,195,116
| -23% | -$26M |
|
438
Kinross Gold
KGC
$28.1B
| $95.3M | 0.05% |
10,178,314
+7,572,599
| +291% | +$68M |
|
439
Norwegian Cruise Line
NCLH
$9.74B
| $95M | 0.05% |
4,633,821
+4,431,991
| +2,196% | +$80.5M |
|
440
ResMed
RMD
$30.3B
| $95M | 0.05% |
389,202
-46,861
| -11% | -$10.5M |
|
441
Capri Holdings
CPRI
$1.88B
| $94.7M | 0.04% |
2,231,853
-32,400
| -1% | -$1.14M |
|
442
AutoZone
AZO
$50.9B
| $94.6M | 0.04% |
30,029
+26,363
| +719% | +$80.9M |
|
|
CHX
443
DELISTED
ChampionX
CHX
| $94.3M | 0.04% |
3,127,750
+6,903
| +0.2% | +$218K |
|
|
SW
444
Smurfit Westrock
SW
$26.6B
| $94.1M | 0.04% |
+1,904,931
| New | +$86.6M |
|
445
NIO
NIO
$11.7B
| $93.9M | 0.04% |
14,050,692
+9,309,333
| +196% | +$42.8M |
|
446
CALL
Home Depot
HD
$343B
| $93.6M | 0.04% |
231,100
-82,100
| -26% | -$29.9M |
|
447
PUT
T-Mobile US
TMUS
$196B
| $93.1M | 0.04% |
451,200
+193,600
| +75% | +$37.1M |
|
448
Aramark
ARMK
$15.1B
| $93M | 0.04% |
2,401,339
+723,710
| +43% | +$25.5M |
|
449
CALL
General Motors
GM
$81.7B
| $92.8M | 0.04% |
2,068,500
+393,700
| +24% | +$18.2M |
|
450
Applovin
APP
$140B
| $92.7M | 0.04% |
710,408
+213,096
| +43% | +$19.4M |
|
Similar funds
Millennium Management's Q3 2024 Portfolio in Review
As of Q3 2024, Millennium Management held 6,698 positions worth $211B, down 2.3% from $216B the previous quarter. Its ten largest holdings account for 17% of the portfolio.
Millennium Management withdrew a net $20.6B in Q3 2024, closing 667 positions and reducing 2,445 holdings. Its most notable exit was WestRock Company, an estimated $161M position sold in full.
By sector, the portfolio is most concentrated in Technology at 8.6% of assets, down from 10% a quarter earlier, followed by Healthcare and Financials.
Against the trend, Millennium Management opened a new position in Smurfit Westrock worth $94.1M.
- Millennium Management's largest Q3 2024 buy was Smurfit Westrock: 1,904,931 shares worth $94.1M.
- Millennium Management added most to State Street SPDR S&P 500 ETF Trust in Q3 2024, an estimated $1.38B increase.
- Millennium Management's biggest Q3 2024 reduction was Apple, cutting an estimated $2.59B.
- Millennium Management fully exited WestRock Company in Q3 2024, selling an estimated $161M.
- Millennium Management's ten largest holdings make up 17% of its $211B portfolio in Q3 2024.
- Millennium Management opened 898 new positions and closed 667 in Q3 2024.
- Millennium Management's portfolio value fell 2.3% quarter-over-quarter to $211B.
Based on Millennium Management's 13F filing for Q3 2024, filed 14 Nov 2024.