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 | 5.92% |
| 5 | Consumer Discretionary | 5.44% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
651
American Electric Power
AEP
$66.9B
| $61.9M | 0.03% |
671,029
+206,473
| +44% | +$20M |
|
652
PUT
Scotiabank
BNS
$109B
| $61.8M | 0.03% |
801,500
+194,200
| +32% | +$10.5M |
|
653
Royalty Pharma
RPRX
$25.7B
| $61.6M | 0.03% |
2,415,281
-1,926,224
| -44% | -$51.1M |
|
654
Trip.com Group
TCOM
$29.5B
| $61.6M | 0.03% |
897,160
-1,746,325
| -66% | -$115M |
|
655
Guidewire Software
GWRE
$14.5B
| $61.6M | 0.03% |
365,191
+36,727
| +11% | +$6.86M |
|
656
Toro Company
TTC
$9.37B
| $61.5M | 0.03% |
767,882
-431,278
| -36% | -$36.2M |
|
657
Vale
VALE
$63.3B
| $61.5M | 0.03% |
6,930,452
+1,969,746
| +40% | +$20M |
|
658
PUT
McDonald's
MCD
$194B
| $61.4M | 0.03% |
211,900
+28,900
| +16% | +$8.62M |
|
659
PUT
Caterpillar
CAT
$388B
| $61.2M | 0.03% |
168,700
-106,900
| -39% | -$41.5M |
|
660
CALL
Lam Research
LRCX
$386B
| $61.2M | 0.03% |
847,100
+471,100
| +125% | +$35.7M |
|
|
ALTR
661
DELISTED
Altair Engineering Inc
ALTR
| $61.2M | 0.03% |
+560,612
| New | +$57.8M |
|
662
SPDR Gold Trust
GLD
$142B
| $61M | 0.03% |
252,026
+185,717
| +280% | +$45.6M |
|
663
CALL
Yum! Brands
YUM
$40B
| $60.9M | 0.03% |
454,300
+2,000
| +0.4% | +$271K |
|
664
PUT
TJX Companies
TJX
$177B
| $60.9M | 0.03% |
503,900
-45,900
| -8% | -$5.48M |
|
665
Deckers Outdoor
DECK
$13.2B
| $60.6M | 0.03% |
298,432
-725,913
| -71% | -$131M |
|
666
Maplebear
CART
$11.7B
| $60.5M | 0.03% |
1,459,833
-1,037,611
| -42% | -$45M |
|
667
Carrier Global
CARR
$52.5B
| $60.3M | 0.03% |
883,938
-321,346
| -27% | -$24.2M |
|
668
PUT
Wynn Resorts
WYNN
$10.5B
| $60M | 0.03% |
696,900
-8,800
| -1% | -$831K |
|
669
PUT
KLA
KLAC
$254B
| $59.8M | 0.03% |
949,000
-324,000
| -25% | -$21.9M |
|
670
Tanger
SKT
$4.43B
| $59.7M | 0.03% |
1,748,635
+8,590
| +0.5% | +$299K |
|
671
CALL
Ford
F
$56B
| $59.6M | 0.03% |
6,023,000
+4,237,300
| +237% | +$45.2M |
|
672
Myriad Genetics
MYGN
$316M
| $59.6M | 0.03% |
4,345,196
-831,315
| -16% | -$15.3M |
|
673
iShares MSCI Emerging Markets ETF
EEM
$29.8B
| $59.5M | 0.03% |
1,422,686
+922,686
| +185% | +$40.9M |
|
674
KB Home
KBH
$3.45B
| $59.5M | 0.03% |
905,172
+764,432
| +543% | +$59.5M |
|
675
Cummins
CMI
$88.4B
| $59.2M | 0.03% |
169,780
-128,869
| -43% | -$45.3M |
|
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.