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 | |
|---|---|---|---|---|---|---|
1026
ServiceNow
NOW
$129B
| $34M | 0.02% |
437,475
-1,142,015
| -72% | -$89.3M |
|
|
GAP
1027
The Gap Inc
GAP
$7.25B
| $34M | 0.02% |
3,010,945
+2,659,451
| +757% | +$31.8M |
|
1028
CALL
State Street Real Estate Select Sector SPDR ETF
XLRE
$8.55B
| $34M | 0.02% |
919,600
+767,100
| +503% | +$28.3M |
|
1029
PUT
Halliburton
HAL
$28B
| $33.9M | 0.02% |
862,000
-496,200
| -37% | -$17.6M |
|
|
ROCC
1030
DELISTED
Ranger Oil Corporation Class A Common Stock
ROCC
| $33.9M | 0.02% |
838,003
+145,949
| +21% | +$5.78M |
|
1031
Haemonetics
HAE
$4.08B
| $33.8M | 0.02% |
430,100
-313,408
| -42% | -$25.2M |
|
1032
Goldman Sachs
GS
$303B
| $33.8M | 0.02% |
98,313
+82,272
| +513% | +$28.6M |
|
1033
Associated Banc-Corp
ASB
$6.07B
| $33.7M | 0.02% |
1,460,763
+367,735
| +34% | +$8.49M |
|
1034
Newell Brands
NWL
$2.61B
| $33.7M | 0.02% |
2,575,941
+1,311,743
| +104% | +$17.9M |
|
|
ODP
1035
DELISTED
ODP
ODP
| $33.7M | 0.02% |
739,038
-288,986
| -28% | -$12.3M |
|
1036
Toro Company
TTC
$9.31B
| $33.6M | 0.02% |
296,980
+209,987
| +241% | +$22.2M |
|
1037
Williams Companies
WMB
$90.1B
| $33.6M | 0.02% |
1,021,756
-2,294,757
| -69% | -$74.7M |
|
1038
Restaurant Brands International
QSR
$26B
| $33.5M | 0.02% |
518,191
+464,027
| +857% | +$28.5M |
|
1039
Pan American Silver
PAAS
$22.2B
| $33.5M | 0.02% |
2,049,031
+1,878,957
| +1,105% | +$30.1M |
|
1040
Banner Corp
BANR
$2.49B
| $33.4M | 0.02% |
528,530
+123,375
| +30% | +$8.28M |
|
1041
Chemed
CHE
$7.05B
| $33.4M | 0.02% |
65,427
+62,939
| +2,530% | +$30.6M |
|
1042
Royal Gold
RGLD
$19.9B
| $33.4M | 0.02% |
296,232
+151,670
| +105% | +$15.6M |
|
|
VAQC
1043
DELISTED
Vector Acquisition Corporation II Class A Ordinary Shares
VAQC
| $33.3M | 0.02% |
3,301,441
-503
| -0% | -$5.03K |
|
1044
PUT
Constellation Brands
STZ
$22.7B
| $33.2M | 0.02% |
143,400
+8,000
| +6% | +$1.91M |
|
1045
CALL
PNC Financial Services
PNC
$102B
| $33.2M | 0.02% |
210,400
-128,800
| -38% | -$20.3M |
|
1046
NextEra Energy
NEE
$178B
| $33.2M | 0.02% |
396,974
-814,975
| -67% | -$65.8M |
|
|
TCVA
1047
DELISTED
TCV Acquisition Corp. Class A Ordinary Shares
TCVA
| $33.2M | 0.02% |
3,314,289
-1,277
| -0% | -$12.7K |
|
1048
Huntington Bancshares
HBAN
$36B
| $33.1M | 0.02% |
2,350,332
+118,705
| +5% | +$1.72M |
|
|
1049
CALL
DexCom
DXCM
$34B
| $33.1M | 0.02% |
292,200
+227,000
| +348% | +$24.9M |
|
1050
OneMain Financial
OMF
$7.36B
| $33M | 0.02% |
990,504
+334,545
| +51% | +$11.9M |
|
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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.