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 |
iShares Core S&P 500 ETF
IVV
|
+$4.37B |
| 2 |
State Street SPDR Dow Jones Industrial Average ETF Trust
DIA
|
+$488M |
| 3 |
PXD
Pioneer Natural Resource Co.
PXD
|
+$449M |
| 4 |
Apple
AAPL
|
+$402M |
| 5 |
HES
Hess
HES
|
+$377M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$2.47B |
| 2 |
ATVI
Activision Blizzard
ATVI
|
+$1.44B |
| 3 |
NVIDIA
NVDA
|
+$783M |
| 4 |
iShares Russell 2000 ETF
IWM
|
+$722M |
| 5 |
SGEN
Seagen Inc. Common Stock
SGEN
|
+$650M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 8.34% |
| 2 | Healthcare | 6.09% |
| 3 | Financials | 5% |
| 4 | Consumer Discretionary | 4.53% |
| 5 | Industrials | 4.46% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1051
Americold
COLD
$4.13B
| $34.6M | 0.02% |
1,141,801
+720,806
| +171% | +$20.2M |
|
1052
HDFC Bank
HDB
$124B
| $34.6M | 0.01% |
1,029,718
+495,392
| +93% | +$14.9M |
|
1053
Reliance Steel & Aluminium
RS
$20.5B
| $34.5M | 0.01% |
123,492
+87,858
| +247% | +$23.3M |
|
1054
PUT
Charter Communications
CHTR
$16.9B
| $34.5M | 0.01% |
88,700
-12,200
| -12% | -$4.97M |
|
|
SNV
1055
DELISTED
Synovus
SNV
| $34.4M | 0.01% |
915,006
+191,827
| +27% | +$5.86M |
|
1056
CF Industries
CF
$19.3B
| $34.4M | 0.01% |
433,229
-264,226
| -38% | -$21M |
|
1057
Abercrombie & Fitch
ANF
$4.45B
| $34.3M | 0.01% |
389,253
-174,466
| -31% | -$12.4M |
|
1058
PUT
Sea Limited
SE
$65.1B
| $34.3M | 0.01% |
847,600
+705,500
| +496% | +$28.8M |
|
1059
Howmet Aerospace
HWM
$111B
| $34.3M | 0.01% |
633,335
-824,830
| -57% | -$40.7M |
|
1060
Edison International
EIX
$30.3B
| $34.2M | 0.01% |
479,024
-63,505
| -12% | -$4.17M |
|
1061
State Street
STT
$50.2B
| $34.2M | 0.01% |
442,100
-597,590
| -57% | -$41.7M |
|
1062
Coty
COTY
$2.37B
| $34.1M | 0.01% |
2,741,906
-1,005,297
| -27% | -$10.9M |
|
1063
PUT
Cboe Global Markets
CBOE
$31B
| $34.1M | 0.01% |
190,700
-1,500
| -0.8% | -$257K |
|
1064
Rithm Capital
RITM
$5.51B
| $34M | 0.01% |
3,187,816
+1,122,517
| +54% | +$11.2M |
|
1065
CALL
Occidental Petroleum
OXY
$55.6B
| $34M | 0.01% |
570,000
-99,900
| -15% | -$6.1M |
|
1066
CALL
Alcoa
AA
$11.9B
| $34M | 0.01% |
999,200
+942,200
| +1,653% | +$25.5M |
|
1067
CALL
Aflac
AFL
$64.8B
| $34M | 0.01% |
411,600
+22,600
| +6% | +$1.82M |
|
1068
Federal Realty Investment Trust
FRT
$10.7B
| $33.9M | 0.01% |
328,878
+123,129
| +60% | +$11.6M |
|
1069
Public Storage
PSA
$59.3B
| $33.9M | 0.01% |
111,107
+3,315
| +3% | +$880K |
|
1070
M&T Bank
MTB
$35.8B
| $33.9M | 0.01% |
247,206
+5,203
| +2% | +$654K |
|
1071
CALL
JD.com
JD
$43.6B
| $33.8M | 0.01% |
1,171,500
+776,600
| +197% | +$21M |
|
1072
CALL
Roper Technologies
ROP
$38.5B
| $33.8M | 0.01% |
62,000
+60,700
| +4,669% | +$31.3M |
|
1073
EastGroup Properties
EGP
$11.3B
| $33.7M | 0.01% |
183,371
-92,638
| -34% | -$15.8M |
|
1074
AppFolio
APPF
$6.23B
| $33.6M | 0.01% |
194,198
+160,957
| +484% | +$30.2M |
|
1075
Edwards Lifesciences
EW
$50B
| $33.6M | 0.01% |
440,692
-785,013
| -64% | -$54.6M |
|
Similar funds
Millennium Management's Q4 2023 Portfolio in Review
As of Q4 2023, Millennium Management held 6,891 positions worth $231B, up 17% from $198B the previous quarter. Its ten largest holdings account for 21% of the portfolio.
Millennium Management deployed $7.99B of net new capital in Q4 2023, opening 816 new positions and adding to 2,304 existing holdings. Its largest new stake was Ferguson: 906,589 shares worth $175M.
By sector, the portfolio is most concentrated in Technology at 8.3% of assets, down from 9.2% a quarter earlier, followed by Healthcare and Financials.
On the sell side, the largest reduction was State Street SPDR S&P 500 ETF Trust, an estimated $2.47B trimmed.
- Millennium Management's largest Q4 2023 buy was Ferguson: 906,589 shares worth $175M.
- Millennium Management added most to iShares Core S&P 500 ETF in Q4 2023, an estimated $4.37B increase.
- Millennium Management's biggest Q4 2023 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $2.47B.
- Millennium Management fully exited Activision Blizzard in Q4 2023, selling an estimated $1.44B.
- Millennium Management's ten largest holdings make up 21% of its $231B portfolio in Q4 2023.
- Millennium Management opened 816 new positions and closed 883 in Q4 2023.
- Millennium Management's portfolio value rose 17% quarter-over-quarter to $231B.
Based on Millennium Management's 13F filing for Q4 2023, filed 14 Feb 2024.