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 |
Invesco QQQ Trust
QQQ
|
+$917M |
| 2 |
Salesforce
CRM
|
+$378M |
| 3 |
Boeing
BA
|
+$297M |
| 4 |
DexCom
DXCM
|
+$292M |
| 5 |
Amazon
AMZN
|
+$267M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
DRE
Duke Realty Corp.
DRE
|
+$779M |
| 2 |
Chevron
CVX
|
+$569M |
| 3 |
Home Depot
HD
|
+$292M |
| 4 |
PepsiCo
PEP
|
+$259M |
| 5 |
Chubb
CB
|
+$248M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 8.22% |
| 2 | Healthcare | 7.51% |
| 3 | Financials | 7.44% |
| 4 | Industrials | 5.79% |
| 5 | Consumer Discretionary | 5.36% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
5201
Acrivon Therapeutics
ACRV
$66.8M
| $226K | ﹤0.01% |
+19,639
| New | +$249K |
|
5202
Cardlytics
CDLX
$23.3M
| $226K | ﹤0.01% |
3,904
-9,062
| -70% | -$560K |
|
5203
Global Industrial
GIC
$1.43B
| $226K | ﹤0.01% |
9,604
-12,992
| -57% | -$337K |
|
5204
Tenaya Therapeutics
TNYA
$161M
| $226K | ﹤0.01% |
112,193
+15,168
| +16% | +$37K |
|
5205
AYTU BioPharma
AYTU
$23.7M
| $225K | ﹤0.01% |
59,498
+39,006
| +190% | +$147K |
|
5206
Bar Harbor Bankshares
BHB
$682M
| $225K | ﹤0.01% |
7,023
-9,054
| -56% | -$270K |
|
5207
Krispy Kreme
DNUT
$531M
| $225K | ﹤0.01% |
+21,787
| New | +$297K |
|
5208
CALL
Dropbox
DBX
$8.05B
| $224K | ﹤0.01% |
10,000
| – | – |
|
5209
Pegasystems
PEGA
$5.22B
| $224K | ﹤0.01% |
13,074
-27,800
| -68% | -$481K |
|
5210
ICU Medical
ICUI
$4.3B
| $223K | ﹤0.01% |
+1,418
| New | +$216K |
|
5211
MiMedx Group
MDXG
$622M
| $223K | ﹤0.01% |
+80,205
| New | +$240K |
|
5212
SIGA Technologies
SIGA
$232M
| $223K | ﹤0.01% |
30,289
+6,549
| +28% | +$57.4K |
|
|
UCTT
5213
Ultra Clean Holdings
UCTT
$3.79B
| $223K | ﹤0.01% |
+6,718
| New | +$214K |
|
|
BCEL
5214
DELISTED
Atreca, Inc. Class A Common Stock
BCEL
| $223K | ﹤0.01% |
278,322
+61,550
| +28% | +$78.3K |
|
5215
AC Immune
ACIU
$231M
| $222K | ﹤0.01% |
+108,806
| New | +$280K |
|
|
DDI
5216
DoubleDown Interactive
DDI
$595M
| $222K | ﹤0.01% |
26,227
+9,227
| +54% | +$85.7K |
|
5217
Union Bankshares
UNB
$108M
| $222K | ﹤0.01% |
9,469
+353
| +4% | +$8.49K |
|
|
JPS
5218
DELISTED
Nuveen Preferred & Income Securities Fund
JPS
| $222K | ﹤0.01% |
+32,614
| New | +$222K |
|
|
AGEN
5219
Agenus
AGEN
$346M
| $221K | ﹤0.01% |
4,691
-8,130
| -63% | -$413K |
|
|
DSM
5220
BNY Mellon Strategic Municipal Bond Fund
DSM
$288M
| $221K | ﹤0.01% |
+38,202
| New | +$216K |
|
5221
Nano X Imaging
NNOX
$74.5M
| $221K | ﹤0.01% |
29,956
+12,903
| +76% | +$143K |
|
5222
Old Republic International
ORI
$10.5B
| $221K | ﹤0.01% |
9,140
-227,117
| -96% | -$5.33M |
|
5223
Avalo Therapeutics
AVTX
$980M
| $220K | ﹤0.01% |
180
-33
| -15% | -$43K |
|
5224
Houlihan Lokey
HLI
$8.96B
| $220K | ﹤0.01% |
2,524
-533,218
| -100% | -$47.9M |
|
5225
Seer Inc
SEER
$122M
| $220K | ﹤0.01% |
+37,925
| New | +$256K |
|
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Millennium Management's Q4 2022 Portfolio in Review
As of Q4 2022, Millennium Management held 7,859 positions worth $181B, up 6.9% from $169B the previous quarter. Its ten largest holdings account for 20% of the portfolio.
Millennium Management's Q4 2022 filing shows 848 new, 2,517 increased, 2,492 reduced and 1,332 closed positions. Its largest new stake was Keurig Dr Pepper: 4,680,704 shares worth $167M. The largest sale was Duke Realty Corp., an estimated $779M.
By sector, the portfolio is most concentrated in Technology at 8.2% of assets, up from 7.9% a quarter earlier, followed by Healthcare and Financials.
- Millennium Management's largest Q4 2022 buy was Keurig Dr Pepper: 4,680,704 shares worth $167M.
- Millennium Management added most to Invesco QQQ Trust in Q4 2022, an estimated $917M increase.
- Millennium Management's biggest Q4 2022 reduction was Chevron, cutting an estimated $569M.
- Millennium Management fully exited Duke Realty Corp. in Q4 2022, selling an estimated $779M.
- Millennium Management's ten largest holdings make up 20% of its $181B portfolio in Q4 2022.
- Millennium Management opened 848 new positions and closed 1,332 in Q4 2022.
- Millennium Management's portfolio value rose 6.9% quarter-over-quarter to $181B.
Based on Millennium Management's 13F filing for Q4 2022, filed 14 Feb 2023.