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
|
+$1.38B |
| 2 |
Apple
AAPL
|
+$971M |
| 3 |
Tesla
TSLA
|
+$937M |
| 4 |
NVIDIA
NVDA
|
+$773M |
| 5 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$742M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street Technology Select Sector SPDR ETF
XLK
|
+$291M |
| 2 |
Willis Towers Watson
WTW
|
+$256M |
| 3 |
KSU
Kansas City Southern
KSU
|
+$227M |
| 4 |
Salesforce
CRM
|
+$225M |
| 5 |
Advanced Micro Devices
AMD
|
+$222M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 7.9% |
| 2 | Financials | 6.62% |
| 3 | Healthcare | 6.1% |
| 4 | Consumer Discretionary | 4.86% |
| 5 | Industrials | 4.5% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
601
Applied Materials
AMAT
$347B
| $61.2M | 0.03% |
388,622
-49,780
| -11% | -$7.21M |
|
602
PG&E
PCG
$39B
| $61.1M | 0.03% |
5,036,795
+4,985,435
| +9,707% | +$58.4M |
|
603
Pinterest
PINS
$13.7B
| $61M | 0.03% |
1,679,117
+1,396,421
| +494% | +$62.1M |
|
604
East-West Bancorp
EWBC
$17.8B
| $60.9M | 0.03% |
774,321
+419,619
| +118% | +$33.7M |
|
605
CALL
Qualcomm
QCOM
$164B
| $60.7M | 0.03% |
332,200
+47,700
| +17% | +$7.64M |
|
606
SEI Investments
SEIC
$12.3B
| $60.7M | 0.03% |
995,701
+222,142
| +29% | +$13.8M |
|
607
PUT
Lockheed Martin
LMT
$131B
| $60.7M | 0.03% |
170,700
+88,800
| +108% | +$30.7M |
|
608
Ally Financial
ALLY
$13.1B
| $60.6M | 0.03% |
1,272,273
-241,509
| -16% | -$12M |
|
609
PUT
Southwest Airlines
LUV
$21.7B
| $60.5M | 0.03% |
1,412,500
+600,000
| +74% | +$28.2M |
|
610
Power Integrations
POWI
$3.15B
| $60.5M | 0.03% |
651,161
+319,143
| +96% | +$31.3M |
|
611
Royal Caribbean
RCL
$86.8B
| $60.4M | 0.03% |
785,855
+456,016
| +138% | +$37M |
|
612
Axalta
AXTA
$7.45B
| $60.4M | 0.03% |
1,824,068
+1,815,851
| +22,099% | +$57.6M |
|
613
PUT
iShares US Real Estate ETF
IYR
$4.75B
| $60.4M | 0.03% |
519,900
+284,900
| +121% | +$31.2M |
|
614
AES
AES
$10.6B
| $60.3M | 0.03% |
2,481,894
+1,468,823
| +145% | +$35.7M |
|
615
Pultegroup
PHM
$25.2B
| $60.1M | 0.03% |
1,051,793
-615,612
| -37% | -$31.6M |
|
616
CALL
United Parcel Service
UPS
$88.9B
| $60M | 0.03% |
279,700
-17,000
| -6% | -$3.46M |
|
617
Cardinal Health
CAH
$53.7B
| $59.9M | 0.03% |
1,162,901
-602,007
| -34% | -$29.5M |
|
618
PUT
Medtronic
MDT
$112B
| $59.8M | 0.03% |
578,400
+334,300
| +137% | +$38.7M |
|
619
Mattel
MAT
$4.47B
| $59.7M | 0.03% |
2,770,703
+2,421,221
| +693% | +$50.8M |
|
620
Extra Space Storage
EXR
$32.3B
| $59.6M | 0.03% |
263,044
-428,602
| -62% | -$84.9M |
|
621
Elevance Health
ELV
$81.5B
| $59.5M | 0.03% |
128,414
+70,275
| +121% | +$29.6M |
|
622
State Street SPDR S&P Biotech ETF
XBI
$10B
| $59.4M | 0.03% |
530,328
+201,276
| +61% | +$24.3M |
|
623
Franco-Nevada
FNV
$41.3B
| $59.3M | 0.03% |
428,489
+395,231
| +1,188% | +$54.6M |
|
624
PUT
Capital One
COF
$128B
| $59.2M | 0.03% |
408,000
+351,300
| +620% | +$54.3M |
|
625
PUT
American Express
AXP
$224B
| $59.1M | 0.03% |
361,500
+15,000
| +4% | +$2.56M |
|
Similar funds
Millennium Management's Q4 2021 Portfolio in Review
As of Q4 2021, Millennium Management held 7,926 positions worth $197B, up 18% from $167B the previous quarter. Its ten largest holdings account for 19% of the portfolio.
Millennium Management deployed $20.8B of net new capital in Q4 2021, opening 1,213 new positions and adding to 2,561 existing holdings. Its largest new stake was Comcast: 3,028,627 shares worth $152M.
By sector, the portfolio is most concentrated in Technology at 7.9% of assets, up from 7.4% a quarter earlier, followed by Financials and Healthcare.
On the sell side, the largest reduction was State Street Technology Select Sector SPDR ETF, an estimated $291M trimmed.
- Millennium Management's largest Q4 2021 buy was Comcast: 3,028,627 shares worth $152M.
- Millennium Management added most to iShares Core S&P 500 ETF in Q4 2021, an estimated $1.38B increase.
- Millennium Management's biggest Q4 2021 reduction was State Street Technology Select Sector SPDR ETF, cutting an estimated $291M.
- Millennium Management fully exited Kansas City Southern in Q4 2021, selling an estimated $227M.
- Millennium Management's ten largest holdings make up 19% of its $197B portfolio in Q4 2021.
- Millennium Management opened 1,213 new positions and closed 1,232 in Q4 2021.
- Millennium Management's portfolio value rose 18% quarter-over-quarter to $197B.
Based on Millennium Management's 13F filing for Q4 2021, filed 14 Feb 2022.