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 |
iShares Core S&P 500 ETF
IVV
|
+$4.37B |
| 2 |
State Street SPDR Dow Jones Industrial Average ETF Trust
DIA
|
+$488M |
| 3 |
PXD
Pioneer Natural Resource Co.
PXD
|
+$449M |
| 4 |
Apple
AAPL
|
+$402M |
| 5 |
HES
Hess
HES
|
+$377M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$2.47B |
| 2 |
ATVI
Activision Blizzard
ATVI
|
+$1.44B |
| 3 |
NVIDIA
NVDA
|
+$783M |
| 4 |
iShares Russell 2000 ETF
IWM
|
+$722M |
| 5 |
SGEN
Seagen Inc. Common Stock
SGEN
|
+$650M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 8.34% |
| 2 | Healthcare | 6.09% |
| 3 | Financials | 5% |
| 4 | Consumer Discretionary | 4.53% |
| 5 | Industrials | 4.46% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
551
A.O. Smith
AOS
$8.55B
| $73.5M | 0.03% |
891,864
-1,075,290
| -55% | -$79.3M |
|
552
L3Harris
LHX
$55.4B
| $73.5M | 0.03% |
348,780
-491,059
| -58% | -$92.1M |
|
|
MRO
553
DELISTED
Marathon Oil Corporation
MRO
| $73.4M | 0.03% |
3,038,515
-1,476,750
| -33% | -$38M |
|
554
PUT
Nucor
NUE
$58.3B
| $73.1M | 0.03% |
420,100
+58,500
| +16% | +$9.28M |
|
555
Owens Corning
OC
$11B
| $73.1M | 0.03% |
493,186
+392,125
| +388% | +$51.9M |
|
556
PUT
Blackrock
BLK
$167B
| $73.1M | 0.03% |
90,000
+69,300
| +335% | +$48.4M |
|
557
Royal Gold
RGLD
$16.6B
| $72.8M | 0.03% |
602,041
-112,347
| -16% | -$12.7M |
|
|
IAS
558
DELISTED
Integral Ad Science
IAS
| $72.7M | 0.03% |
5,052,974
+4,753,774
| +1,589% | +$63.6M |
|
559
AES
AES
$10.6B
| $72.7M | 0.03% |
3,775,509
-244,788
| -6% | -$3.98M |
|
560
CALL
United States Oil Fund
USO
$2.15B
| $72.6M | 0.03% |
1,089,000
+889,000
| +445% | +$64.5M |
|
561
PUT
Elevance Health
ELV
$81.5B
| $72.5M | 0.03% |
153,800
-72,800
| -32% | -$33.7M |
|
562
Antero Resources
AR
$10.9B
| $72.5M | 0.03% |
3,195,683
+1,119,461
| +54% | +$28.4M |
|
563
Axsome Therapeutics
AXSM
$11.7B
| $72.4M | 0.03% |
909,965
+406,923
| +81% | +$27.2M |
|
564
Royal Caribbean
RCL
$86.8B
| $72.4M | 0.03% |
559,253
-850,761
| -60% | -$86.7M |
|
565
Jazz Pharmaceuticals
JAZZ
$16.1B
| $72.4M | 0.03% |
588,463
+94,533
| +19% | +$11.8M |
|
566
Brown & Brown
BRO
$25.1B
| $72.3M | 0.03% |
1,017,253
-134,056
| -12% | -$9.58M |
|
567
Bank of America
BAC
$429B
| $72.3M | 0.03% |
2,148,012
+231,877
| +12% | +$6.75M |
|
568
Nike
NKE
$64.1B
| $72.2M | 0.03% |
665,210
-1,941,131
| -74% | -$209M |
|
569
O'Reilly Automotive
ORLY
$75.1B
| $72.2M | 0.03% |
1,139,715
-1,193,280
| -51% | -$75.4M |
|
570
Bio-Rad Laboratories Class A
BIO
$8.76B
| $72.1M | 0.03% |
223,242
-153,377
| -41% | -$48.1M |
|
571
PUT
HCA Healthcare
HCA
$90.6B
| $72.1M | 0.03% |
266,200
-115,900
| -30% | -$28.6M |
|
572
LyondellBasell Industries
LYB
$19.5B
| $72M | 0.03% |
757,004
-194,318
| -20% | -$18.2M |
|
573
Darling Ingredients
DAR
$9.32B
| $71.9M | 0.03% |
1,441,933
+1,354,756
| +1,554% | +$61.5M |
|
574
Jefferies Financial Group
JEF
$12.7B
| $71.6M | 0.03% |
1,771,480
+268,279
| +18% | +$9.49M |
|
|
SRC
575
DELISTED
SPIRIT REALTY CAPITAL, INC.
SRC
| $71.5M | 0.03% |
1,636,974
+1,595,904
| +3,886% | +$61.6M |
|
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Millennium Management's Q4 2023 Portfolio in Review
As of Q4 2023, Millennium Management held 6,891 positions worth $231B, up 17% from $198B the previous quarter. Its ten largest holdings account for 21% of the portfolio.
Millennium Management deployed $7.99B of net new capital in Q4 2023, opening 816 new positions and adding to 2,304 existing holdings. Its largest new stake was Ferguson: 906,589 shares worth $175M.
By sector, the portfolio is most concentrated in Technology at 8.3% of assets, down from 9.2% a quarter earlier, followed by Healthcare and Financials.
On the sell side, the largest reduction was State Street SPDR S&P 500 ETF Trust, an estimated $2.47B trimmed.
- Millennium Management's largest Q4 2023 buy was Ferguson: 906,589 shares worth $175M.
- Millennium Management added most to iShares Core S&P 500 ETF in Q4 2023, an estimated $4.37B increase.
- Millennium Management's biggest Q4 2023 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $2.47B.
- Millennium Management fully exited Activision Blizzard in Q4 2023, selling an estimated $1.44B.
- Millennium Management's ten largest holdings make up 21% of its $231B portfolio in Q4 2023.
- Millennium Management opened 816 new positions and closed 883 in Q4 2023.
- Millennium Management's portfolio value rose 17% quarter-over-quarter to $231B.
Based on Millennium Management's 13F filing for Q4 2023, filed 14 Feb 2024.