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 |
DRE
Duke Realty Corp.
DRE
|
+$886M |
| 2 |
Chevron
CVX
|
+$595M |
| 3 |
Union Pacific
UNP
|
+$360M |
| 4 |
Baxter International
BAX
|
+$276M |
| 5 |
Xcel Energy
XEL
|
+$252M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Invesco QQQ Trust
QQQ
|
+$520M |
| 2 |
NXP Semiconductors
NXPI
|
+$248M |
| 3 |
Oracle
ORCL
|
+$242M |
| 4 |
Amgen
AMGN
|
+$197M |
| 5 |
Eli Lilly
LLY
|
+$186M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 8.12% |
| 2 | Technology | 7.86% |
| 3 | Healthcare | 6.8% |
| 4 | Industrials | 5.01% |
| 5 | Consumer Discretionary | 4.23% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
926
CALL
American International
AIG
$42.5B
| $33.7M | 0.02% |
709,900
+449,700
| +173% | +$23.6M |
|
927
PUT
Prudential Financial
PRU
$42.6B
| $33.7M | 0.02% |
392,800
+204,600
| +109% | +$19.7M |
|
928
Affiliated Managers Group
AMG
$9.51B
| $33.7M | 0.02% |
300,879
+210,063
| +231% | +$26.4M |
|
929
PUT
Norfolk Southern
NSC
$75.4B
| $33.6M | 0.02% |
160,500
+158,900
| +9,931% | +$38.2M |
|
930
CALL
Colgate-Palmolive
CL
$74.8B
| $33.6M | 0.02% |
+478,800
| New | +$37.5M |
|
931
BP
BP
$112B
| $33.6M | 0.02% |
1,178,026
-3,523,464
| -75% | -$105M |
|
|
PNTM
932
DELISTED
Pontem Corporation
PNTM
| $33.6M | 0.02% |
3,379,548
+509,778
| +18% | +$5.05M |
|
933
Dynatrace
DT
$12.7B
| $33.6M | 0.02% |
964,815
-312,580
| -24% | -$12.1M |
|
|
SMAR
934
DELISTED
Smartsheet Inc.
SMAR
| $33.6M | 0.02% |
976,853
-2,103,601
| -68% | -$71.3M |
|
935
Cloudflare
NET
$96B
| $33.5M | 0.02% |
605,675
+58,837
| +11% | +$3.49M |
|
936
PUT
Halliburton
HAL
$26.1B
| $33.4M | 0.02% |
1,358,200
-507,000
| -27% | -$14.5M |
|
937
Darden Restaurants
DRI
$24.3B
| $33.4M | 0.02% |
264,268
-1,213,863
| -82% | -$152M |
|
938
CALL
Kinder Morgan
KMI
$70.9B
| $33.1M | 0.02% |
1,987,500
+1,226,400
| +161% | +$21.8M |
|
939
Range Resources
RRC
$9.33B
| $33M | 0.02% |
1,307,915
-1,729,032
| -57% | -$52.3M |
|
940
CALL
Southern Company
SO
$108B
| $33M | 0.02% |
+484,700
| New | +$36.7M |
|
941
Hancock Whitney
HWC
$6.19B
| $32.9M | 0.02% |
719,063
+441,540
| +159% | +$21.2M |
|
|
AVLR
942
CALL
DELISTED
Avalara, Inc.
AVLR
| $32.9M | 0.02% |
+358,600
| New | +$32.1M |
|
943
Illinois Tool Works
ITW
$84.1B
| $32.8M | 0.02% |
181,815
+161,084
| +777% | +$31.8M |
|
944
CALL
General Mills
GIS
$20.2B
| $32.8M | 0.02% |
428,100
+303,500
| +244% | +$23.1M |
|
945
Armstrong World Industries
AWI
$7.37B
| $32.8M | 0.02% |
413,805
+75,727
| +22% | +$6.41M |
|
946
Flex
FLEX
$37.7B
| $32.7M | 0.02% |
2,608,467
-10,500
| -0.4% | -$134K |
|
|
VAQC
947
DELISTED
Vector Acquisition Corporation II Class A Ordinary Shares
VAQC
| $32.7M | 0.02% |
3,301,944
+781,475
| +31% | +$7.7M |
|
948
Peloton Interactive
PTON
$2.85B
| $32.7M | 0.02% |
4,720,704
+4,035,114
| +589% | +$41M |
|
949
Medpace
MEDP
$16.3B
| $32.7M | 0.02% |
207,937
+11,850
| +6% | +$1.89M |
|
950
SolarEdge
SEDG
$2.37B
| $32.7M | 0.02% |
141,106
-13,363
| -9% | -$3.94M |
|
Similar funds
Millennium Management's Q3 2022 Portfolio in Review
As of Q3 2022, Millennium Management held 7,917 positions worth $169B, up 4.9% from $161B the previous quarter. Its ten largest holdings account for 23% of the portfolio.
Millennium Management deployed $14.7B of net new capital in Q3 2022, opening 1,007 new positions and adding to 2,598 existing holdings. Its largest new stake was Rockwell Automation: 953,525 shares worth $205M.
By sector, the portfolio is most concentrated in Financials at 8.1% of assets, up from 7.6% a quarter earlier, followed by Technology and Healthcare.
On the sell side, the largest reduction was Invesco QQQ Trust, an estimated $520M trimmed.
- Millennium Management's largest Q3 2022 buy was Rockwell Automation: 953,525 shares worth $205M.
- Millennium Management added most to Duke Realty Corp. in Q3 2022, an estimated $886M increase.
- Millennium Management's biggest Q3 2022 reduction was Invesco QQQ Trust, cutting an estimated $520M.
- Millennium Management fully exited Coherent Inc in Q3 2022, selling an estimated $114M.
- Millennium Management's ten largest holdings make up 23% of its $169B portfolio in Q3 2022.
- Millennium Management opened 1,007 new positions and closed 906 in Q3 2022.
- Millennium Management's portfolio value rose 4.9% quarter-over-quarter to $169B.
Based on Millennium Management's 13F filing for Q3 2022, filed 14 Nov 2022.