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 | 5.78% |
| 5 | Consumer Discretionary | 5.36% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
926
CALL
iShares China Large-Cap ETF
FXI
$4.16B
| $38.5M | 0.02% |
1,360,700
-324,300
| -19% | -$8.39M |
|
927
Fulton Financial
FULT
$4.69B
| $38.5M | 0.02% |
2,285,030
+1,188,745
| +108% | +$20.8M |
|
928
BorgWarner
BWA
$13.8B
| $38.4M | 0.02% |
1,084,404
-301,851
| -22% | -$10.3M |
|
|
AAWW
929
DELISTED
Atlas Air Worldwide Holdings, Inc.
AAWW
| $38.4M | 0.02% |
380,860
+236,172
| +163% | +$23.7M |
|
930
AutoNation
AN
$6.89B
| $38.3M | 0.02% |
357,087
+332,465
| +1,350% | +$36.8M |
|
931
TechnipFMC
FTI
$30.1B
| $38.2M | 0.02% |
3,133,610
-3,608,456
| -54% | -$40.4M |
|
932
CALL
American Tower
AMT
$81.2B
| $38.2M | 0.02% |
180,200
+148,600
| +470% | +$30.9M |
|
|
GRMN
933
Garmin
GRMN
$60.2B
| $38.1M | 0.02% |
412,895
-223,881
| -35% | -$19.8M |
|
934
RPM International
RPM
$14.5B
| $38M | 0.02% |
390,377
-404,108
| -51% | -$39.2M |
|
935
Envista
NVST
$4.51B
| $37.8M | 0.02% |
1,123,763
-1,843,280
| -62% | -$63M |
|
936
CALL
Northrop Grumman
NOC
$81.6B
| $37.8M | 0.02% |
69,300
-4,700
| -6% | -$2.45M |
|
937
Trex
TREX
$5.1B
| $37.8M | 0.02% |
892,913
+710,648
| +390% | +$32.3M |
|
938
PUT
iShares Biotechnology ETF
IBB
$9.77B
| $37.8M | 0.02% |
287,700
-24,500
| -8% | -$3.17M |
|
939
Aon
AON
$75.7B
| $37.8M | 0.02% |
125,803
-50,318
| -29% | -$14.7M |
|
940
CALL
Prudential Financial
PRU
$43B
| $37.7M | 0.02% |
379,300
+102,900
| +37% | +$10.4M |
|
941
e.l.f. Beauty
ELF
$5.43B
| $37.7M | 0.02% |
681,739
+596,287
| +698% | +$29.2M |
|
942
argenx
ARGX
$53.6B
| $37.7M | 0.02% |
99,478
-3,700
| -4% | -$1.38M |
|
|
VMW
943
PUT
DELISTED
VMware, Inc
VMW
| $37.6M | 0.02% |
306,400
| – | – |
|
944
Dolby
DLB
$5.84B
| $37.6M | 0.02% |
533,052
+182,698
| +52% | +$12.6M |
|
945
PUT
Canadian Natural Resources
CNQ
$98.1B
| $37.6M | 0.02% |
+1,000,000
| New | +$28.6M |
|
946
CALL
Enbridge
ENB
$112B
| $37.6M | 0.02% |
710,000
| – | – |
|
947
Ameren
AEE
$30.2B
| $37.5M | 0.02% |
421,464
-403,903
| -49% | -$33.9M |
|
948
PUT
Charter Communications
CHTR
$18.7B
| $37.4M | 0.02% |
110,300
-24,100
| -18% | -$8.47M |
|
|
PARA
949
DELISTED
Paramount Global Class B
PARA
| $37.4M | 0.02% |
2,215,768
-521,711
| -19% | -$9.6M |
|
950
AtriCure
ATRC
$2.21B
| $37.3M | 0.02% |
841,173
+748,523
| +808% | +$31.3M |
|
Similar funds
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.