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 |
Broadcom
AVGO
|
+$1.14B |
| 2 |
iShares Russell 1000 ETF
IWB
|
+$810M |
| 3 |
Meta Platforms (Facebook)
META
|
+$715M |
| 4 |
Amazon
AMZN
|
+$641M |
| 5 |
UnitedHealth
UNH
|
+$498M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$2.98B |
| 2 |
Spotify
SPOT
|
+$1.17B |
| 3 |
Microsoft
MSFT
|
+$856M |
| 4 |
Apollo Global Management
APO
|
+$726M |
| 5 |
Workday
WDAY
|
+$440M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 8.85% |
| 2 | Financials | 8.25% |
| 3 | Healthcare | 7.07% |
| 4 | Industrials | 5.93% |
| 5 | Consumer Discretionary | 5.44% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
4576
PUT
Revolve Group
RVLV
$1.8B
| $543K | ﹤0.01% |
+16,200
| New | +$502K |
|
4577
Carriage Services
CSV
$641M
| $542K | ﹤0.01% |
13,600
-19,170
| -58% | -$707K |
|
4578
Pembina Pipeline
PBA
$28.4B
| $542K | ﹤0.01% |
14,667
-40,079
| -73% | -$1.63M |
|
|
MURA
4579
DELISTED
Mural Oncology
MURA
| $542K | ﹤0.01% |
168,255
-20,963
| -11% | -$73.9K |
|
4580
CALL
MoonLake Immunotherapeutics
MLTX
$1.57B
| $542K | ﹤0.01% |
+10,000
| New | +$511K |
|
4581
Arqit Quantum
ARQQ
$298M
| $541K | ﹤0.01% |
13,920
-11,374
| -45% | -$169K |
|
4582
CALL
JetBlue
JBLU
$2.28B
| $540K | ﹤0.01% |
68,700
-8,600
| -11% | -$58.3K |
|
4583
Vanguard Morningstar Mid-Cap Value ETF
VOE
$23.7B
| $539K | ﹤0.01% |
+3,329
| New | +$562K |
|
4584
CALL
Universal Health Services
UHS
$10.2B
| $538K | ﹤0.01% |
3,000
-27,000
| -90% | -$5.5M |
|
4585
Vishay Precision Group
VPG
$1.22B
| $538K | ﹤0.01% |
22,930
+12,128
| +112% | +$284K |
|
4586
CALL
PAR Technology
PAR
$699M
| $538K | ﹤0.01% |
+7,400
| New | +$506K |
|
4587
CALL
BHP
BHP
$215B
| $537K | ﹤0.01% |
+11,000
| New | +$598K |
|
4588
PUT
Boston Properties
BXP
$11.2B
| $535K | ﹤0.01% |
7,200
-12,000
| -63% | -$973K |
|
4589
SEALSQ Corp
LAES
$526M
| $535K | ﹤0.01% |
+87,050
| New | +$110K |
|
4590
Cardlytics
CDLX
$21.7M
| $535K | ﹤0.01% |
+14,424
| New | +$552K |
|
4591
Barnes & Noble Education
BNED
$431M
| $534K | ﹤0.01% |
+53,200
| New | +$545K |
|
|
UNIT
4592
PUT
Uniti Group
UNIT
$2.36B
| $532K | ﹤0.01% |
96,700
| – | – |
|
4593
Wolfspeed
WOLF
$1.23B
| $532K | ﹤0.01% |
79,842
-1,494,153
| -95% | -$15.2M |
|
|
TBN
4594
Tamboran Resources
TBN
$1.16B
| $530K | ﹤0.01% |
25,250
-18,719
| -43% | -$344K |
|
|
PPL
4595
PUT
PPL Corp
PPL
$26.5B
| $529K | ﹤0.01% |
16,300
-11,200
| -41% | -$369K |
|
4596
iShares MSCI USA Quality Factor ETF
QUAL
$46.4B
| $528K | ﹤0.01% |
2,966
-9,464
| -76% | -$1.72M |
|
4597
CALL
Lantheus
LNTH
$6.49B
| $528K | ﹤0.01% |
5,900
| – | – |
|
4598
Lifeway Foods
LWAY
$455M
| $527K | ﹤0.01% |
21,230
-32,987
| -61% | -$824K |
|
4599
Liquidia Corp
LQDA
$7.48B
| $526K | ﹤0.01% |
+44,753
| New | +$489K |
|
4600
Morgan Stanley Direct Lending Fund
MSDL
$1.24B
| $525K | ﹤0.01% |
25,392
-10,279
| -29% | -$210K |
|
Similar funds
Millennium Management's Q4 2024 Portfolio in Review
As of Q4 2024, Millennium Management held 6,700 positions worth $205B, down 3% from $211B the previous quarter. Its ten largest holdings account for 16% of the portfolio.
Millennium Management withdrew a net $13.8B in Q4 2024, closing 810 positions and reducing 2,557 holdings. Its most notable exit was Southwestern Energy Company, an estimated $340M position sold in full.
By sector, the portfolio is most concentrated in Technology at 8.8% of assets, up from 8.6% a quarter earlier, followed by Financials and Healthcare.
Against the trend, Millennium Management opened a new position in NextEra Energy 7.234% Corporate Units worth $5.03M.
- Millennium Management's largest Q4 2024 buy was NextEra Energy 7.234% Corporate Units: 5,500,000 shares worth $5.03M.
- Millennium Management added most to Broadcom in Q4 2024, an estimated $1.14B increase.
- Millennium Management's biggest Q4 2024 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $2.98B.
- Millennium Management fully exited Southwestern Energy Company in Q4 2024, selling an estimated $340M.
- Millennium Management's ten largest holdings make up 16% of its $205B portfolio in Q4 2024.
- Millennium Management opened 681 new positions and closed 810 in Q4 2024.
- Millennium Management's portfolio value fell 3% quarter-over-quarter to $205B.
Based on Millennium Management's 13F filing for Q4 2024, filed 14 Feb 2025.