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 | |
|---|---|---|---|---|---|---|
476
DTE Energy
DTE
$29.5B
| $89.3M | 0.04% |
695,656
+152,357
| +28% | +$18.4M |
|
477
UMB Financial
UMBF
$11.1B
| $89.3M | 0.04% |
849,369
+115,635
| +16% | +$11.3M |
|
478
BorgWarner
BWA
$13.2B
| $89.2M | 0.04% |
2,459,296
-1,462,028
| -37% | -$48.2M |
|
479
Entergy
ETR
$50.4B
| $88.9M | 0.04% |
1,350,910
-2,402,434
| -64% | -$142M |
|
480
Bunge Global
BG
$20.4B
| $88.8M | 0.04% |
919,223
+33,606
| +4% | +$3.44M |
|
481
HEICO Corp Class A
HEI.A
$35.8B
| $88.7M | 0.04% |
435,550
+78,501
| +22% | +$14.9M |
|
482
Alaska Air
ALK
$5.27B
| $88.7M | 0.04% |
1,961,800
+833,427
| +74% | +$31.6M |
|
483
Affirm
AFRM
$24.5B
| $88.6M | 0.04% |
2,170,353
-98,800
| -4% | -$3.28M |
|
|
SEE
484
DELISTED
Sealed Air
SEE
| $88.5M | 0.04% |
2,439,263
-1,675,018
| -41% | -$58.5M |
|
485
CALL
Lockheed Martin
LMT
$132B
| $88.4M | 0.04% |
151,300
+28,100
| +23% | +$15.1M |
|
486
PUT
Intel
INTC
$460B
| $88.4M | 0.04% |
3,768,700
+1,459,100
| +63% | +$36.4M |
|
487
CALL
Johnson & Johnson
JNJ
$617B
| $88.4M | 0.04% |
545,200
-144,000
| -21% | -$22.9M |
|
|
SPR
488
DELISTED
Spirit AeroSystems
SPR
| $88.3M | 0.04% |
2,714,962
+2,219,472
| +448% | +$76.1M |
|
489
Lithia Motors
LAD
$9.24B
| $88.2M | 0.04% |
277,744
+143,632
| +107% | +$40M |
|
490
CALL
Coca-Cola
KO
$381B
| $88.2M | 0.04% |
1,227,600
+115,200
| +10% | +$7.89M |
|
491
Kite Realty
KRG
$5.88B
| $88.1M | 0.04% |
3,318,366
+752,350
| +29% | +$18.7M |
|
492
CALL
Applied Materials
AMAT
$398B
| $88M | 0.04% |
435,500
-41,100
| -9% | -$8.43M |
|
493
Global E Online
GLBE
$6.7B
| $87.2M | 0.04% |
2,267,902
+944,948
| +71% | +$33.3M |
|
494
Edison International
EIX
$30.3B
| $87.1M | 0.04% |
1,000,239
+77,687
| +8% | +$6.31M |
|
495
Cardinal Health
CAH
$53.2B
| $87.1M | 0.04% |
787,891
-11,248
| -1% | -$1.18M |
|
496
TransAlta
TAC
$4.06B
| $87M | 0.04% |
8,395,713
+1,011,661
| +14% | +$8.41M |
|
497
General Dynamics
GD
$103B
| $87M | 0.04% |
287,940
+206,842
| +255% | +$60.8M |
|
498
Phinia Inc
PHIN
$2.7B
| $87M | 0.04% |
1,889,727
+1,554,660
| +464% | +$70M |
|
499
Valero Energy
VLO
$92.6B
| $86.5M | 0.04% |
640,443
+561,197
| +708% | +$81.5M |
|
500
CALL
AbbVie
ABBV
$455B
| $86.5M | 0.04% |
437,900
-332,500
| -43% | -$62.1M |
|
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.