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 | |
|---|---|---|---|---|---|---|
1026
Alkermes
ALKS
$8.11B
| $28.9M | 0.02% |
1,294,008
+623,268
| +93% | +$16.2M |
|
1027
CALL
Dow Inc
DOW
$22B
| $28.9M | 0.02% |
657,500
+84,000
| +15% | +$4.26M |
|
1028
Ameris Bancorp
ABCB
$5.89B
| $28.9M | 0.02% |
645,688
-111,550
| -15% | -$5.12M |
|
1029
Sunrun
RUN
$2.26B
| $28.9M | 0.02% |
1,046,031
+713,021
| +214% | +$22.2M |
|
|
UHG
1030
DELISTED
United Homes Group
UHG
| $28.8M | 0.02% |
2,922,999
| – | – |
|
1031
Avis
CAR
$5.47B
| $28.7M | 0.02% |
193,601
-284,028
| -59% | -$46.7M |
|
1032
Douglas Emmett
DEI
$2.05B
| $28.7M | 0.02% |
1,599,355
-321,424
| -17% | -$6.85M |
|
1033
PUT
Travelers Companies
TRV
$81.1B
| $28.6M | 0.02% |
187,000
+87,000
| +87% | +$14.1M |
|
1034
State Street SPDR Dow Jones REIT ETF
RWR
$1.9B
| $28.6M | 0.02% |
339,942
+3,661
| +1% | +$357K |
|
1035
NVIDIA
NVDA
$4.6T
| $28.5M | 0.02% |
2,349,180
-2,968,030
| -56% | -$46.9M |
|
1036
Warner Bros
WBD
$64.3B
| $28.4M | 0.02% |
2,473,595
+2,312,551
| +1,436% | +$31.4M |
|
1037
TJX Companies
TJX
$179B
| $28.4M | 0.02% |
457,635
-43,593
| -9% | -$2.74M |
|
1038
Las Vegas Sands
LVS
$32.2B
| $28.4M | 0.02% |
757,577
+275,368
| +57% | +$10.3M |
|
1039
SentinelOne
S
$6.35B
| $28.3M | 0.02% |
1,106,492
+858,049
| +345% | +$22.5M |
|
1040
PUT
Devon Energy
DVN
$51.3B
| $28.3M | 0.02% |
470,000
+398,700
| +559% | +$24.8M |
|
1041
Sally Beauty Holdings
SBH
$1.47B
| $28.3M | 0.02% |
2,242,039
+2,044,373
| +1,034% | +$28.4M |
|
1042
Steven Madden
SHOO
$3.17B
| $28.2M | 0.02% |
1,058,045
-456,486
| -30% | -$14.4M |
|
1043
CALL
Delta Air Lines
DAL
$56.7B
| $28.1M | 0.02% |
1,002,400
+192,500
| +24% | +$6.11M |
|
1044
PUT
GE Aerospace
GE
$364B
| $28.1M | 0.02% |
4,025,734
-106,738
| -3% | -$4.69M |
|
1045
Legend Biotech
LEGN
$3.65B
| $28.1M | 0.02% |
687,698
+444,096
| +182% | +$20.8M |
|
1046
CALL
Western Digital
WDC
$159B
| $28M | 0.02% |
1,139,368
+925,968
| +434% | +$30.7M |
|
|
MGI
1047
DELISTED
MoneyGram International, Inc. New
MGI
| $28M | 0.02% |
2,689,831
-211,295
| -7% | -$2.18M |
|
1048
CALL
General Motors
GM
$80.9B
| $27.9M | 0.02% |
868,100
+395,000
| +83% | +$14.5M |
|
1049
Alcon
ALC
$34B
| $27.8M | 0.02% |
478,613
-431,887
| -47% | -$30M |
|
1050
CALL
TC Energy
TRP
$70.1B
| $27.8M | 0.02% |
500,000
-1,300
| -0.3% | -$64.5K |
|
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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.