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 | |
|---|---|---|---|---|---|---|
1051
Boot Barn
BOOT
$4.58B
| $27.7M | 0.02% |
473,481
-107,867
| -19% | -$7.23M |
|
|
CTIC
1052
DELISTED
CTI BioPharma Corp. (DE) Common Stock
CTIC
| $27.7M | 0.02% |
4,754,128
+1,586,041
| +50% | +$9.88M |
|
1053
Otter Tail
OTTR
$3.81B
| $27.6M | 0.02% |
449,391
+40,536
| +10% | +$2.92M |
|
1054
Warner Music
WMG
$15.2B
| $27.6M | 0.02% |
1,190,178
-327,748
| -22% | -$9.03M |
|
|
TRQ
1055
DELISTED
Turquoise Hill Resources Ltd
TRQ
| $27.6M | 0.02% |
933,016
+730,198
| +360% | +$19.9M |
|
1056
Imperial Oil
IMO
$62.3B
| $27.5M | 0.02% |
636,208
+551,360
| +650% | +$25.2M |
|
1057
Cognex
CGNX
$9.62B
| $27.5M | 0.02% |
663,061
+556,238
| +521% | +$25.2M |
|
1058
CALL
Advance Auto Parts
AAP
$3.53B
| $27.5M | 0.02% |
175,600
+116,100
| +195% | +$21.2M |
|
1059
PUT
Paycom
PAYC
$7.88B
| $27.4M | 0.02% |
+83,000
| New | +$28.6M |
|
1060
Crown Holdings
CCK
$13B
| $27.4M | 0.02% |
337,921
-743,645
| -69% | -$69.3M |
|
1061
Four Corners Property Trust
FCPT
$2.89B
| $27.4M | 0.02% |
1,131,716
+309,278
| +38% | +$8.49M |
|
|
XIFR
1062
XPLR Infrastructure LP
XIFR
$1.04B
| $27.3M | 0.02% |
377,685
+265,193
| +236% | +$21.2M |
|
1063
Caesars Entertainment
CZR
$6.06B
| $27.3M | 0.02% |
845,028
+819,107
| +3,160% | +$35.6M |
|
1064
Twist Bioscience
TWST
$5.32B
| $27.1M | 0.02% |
769,241
+407,612
| +113% | +$17.3M |
|
|
KVSC
1065
DELISTED
Khosla Ventures Acquisition Co. III Class A Common Stock
KVSC
| $27.1M | 0.02% |
2,771,074
+523,067
| +23% | +$5.12M |
|
1066
Hubbell
HUBB
$24.4B
| $27M | 0.02% |
121,260
+118,128
| +3,772% | +$24.8M |
|
1067
Church & Dwight Co
CHD
$23.7B
| $27M | 0.02% |
378,366
+353,379
| +1,414% | +$30.5M |
|
1068
Shutterstock
SSTK
$209M
| $27M | 0.02% |
538,640
+6,707
| +1% | +$385K |
|
1069
PUT
Philip Morris
PM
$309B
| $27M | 0.02% |
325,000
-63,400
| -16% | -$6.05M |
|
1070
CACI
CACI
$10.8B
| $26.9M | 0.02% |
103,231
+67,424
| +188% | +$19M |
|
1071
Ryman Hospitality Properties
RHP
$8.56B
| $26.9M | 0.02% |
365,517
+118,634
| +48% | +$9.91M |
|
|
PPL
1072
PPL Corp
PPL
$26.9B
| $26.9M | 0.02% |
1,060,810
-426,064
| -29% | -$12.2M |
|
1073
Kinder Morgan
KMI
$70.9B
| $26.8M | 0.02% |
1,613,383
+996,537
| +162% | +$17.7M |
|
1074
PUT
Stryker
SYK
$135B
| $26.8M | 0.02% |
132,200
+14,100
| +12% | +$2.97M |
|
1075
CALL
Costco
COST
$432B
| $26.6M | 0.02% |
56,400
-13,300
| -19% | -$6.92M |
|
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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.