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 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$1.38B |
| 2 |
Microsoft
MSFT
|
+$667M |
| 3 |
Spotify
SPOT
|
+$528M |
| 4 |
iShares Bitcoin Trust
IBIT
|
+$438M |
| 5 |
Eli Lilly
LLY
|
+$412M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$2.59B |
| 2 |
Amazon
AMZN
|
+$1.45B |
| 3 |
Merck
MRK
|
+$925M |
| 4 |
Broadcom
AVGO
|
+$765M |
| 5 |
iShares Core S&P 500 ETF
IVV
|
+$672M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 8.59% |
| 2 | Healthcare | 7.29% |
| 3 | Financials | 7.2% |
| 4 | Industrials | 6.32% |
| 5 | Consumer Discretionary | 4.85% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
DOCU
1076
DocuSign
DOCU
$11.1B
| $33.1M | 0.02% |
532,874
-980,739
| -65% | -$55M |
|
1077
Sea Limited
SE
$66.4B
| $32.9M | 0.02% |
348,837
+58,965
| +20% | +$4.45M |
|
|
CYBR
1078
DELISTED
CyberArk
CYBR
| $32.8M | 0.02% |
112,449
-61,201
| -35% | -$16.6M |
|
1079
lululemon athletica
LULU
$13.5B
| $32.7M | 0.02% |
120,676
-234,309
| -66% | -$62.2M |
|
|
VRE
1080
DELISTED
Veris Residential
VRE
| $32.7M | 0.02% |
1,832,805
-403,106
| -18% | -$6.64M |
|
1081
CALL
iShares MSCI Japan ETF
EWJ
$21.2B
| $32.7M | 0.02% |
+457,200
| New | +$31.8M |
|
1082
CALL
Constellation Energy
CEG
$92.1B
| $32.6M | 0.02% |
125,500
+32,500
| +35% | +$6.46M |
|
1083
iShares 20+ Year Treasury Bond ETF
TLT
$42.4B
| $32.6M | 0.02% |
332,566
+265,483
| +396% | +$25.6M |
|
1084
Tetra Tech
TTEK
$8.77B
| $32.5M | 0.02% |
689,236
+186,966
| +37% | +$8.32M |
|
1085
PUT
Vale
VALE
$62.3B
| $32.4M | 0.02% |
2,775,900
-366,300
| -12% | -$3.93M |
|
1086
Remitly
RELY
$4.9B
| $32.4M | 0.02% |
2,418,905
-1,568,994
| -39% | -$21.3M |
|
|
ARDT
1087
Ardent Health
ARDT
$1.57B
| $32.4M | 0.02% |
+1,761,991
| New | +$31.1M |
|
1088
PUT
Kraft Heinz
KHC
$32.8B
| $32.3M | 0.02% |
921,100
+684,900
| +290% | +$23.6M |
|
1089
PUT
Fortinet
FTNT
$112B
| $32.3M | 0.02% |
416,900
+2,600
| +0.6% | +$178K |
|
1090
Itron
ITRI
$4.54B
| $32.3M | 0.02% |
302,680
-3,218
| -1% | -$326K |
|
1091
Royal Gold
RGLD
$16.6B
| $32.2M | 0.02% |
229,472
+42,510
| +23% | +$5.82M |
|
1092
Chemed
CHE
$7.16B
| $32.1M | 0.02% |
53,459
+14,115
| +36% | +$8M |
|
1093
Hasbro
HAS
$13.5B
| $32.1M | 0.02% |
443,862
-591,956
| -57% | -$38.4M |
|
1094
Wayfair
W
$11.8B
| $32.1M | 0.02% |
570,981
+91,988
| +19% | +$4.43M |
|
1095
Wintrust Financial
WTFC
$10.7B
| $32M | 0.02% |
294,972
+21,921
| +8% | +$2.29M |
|
|
1096
iShares MSCI Japan ETF
EWJ
$21.2B
| $32M | 0.02% |
+447,401
| New | +$31.1M |
|
|
AMWD
1097
DELISTED
American Woodmark
AMWD
| $32M | 0.02% |
342,444
+157,885
| +86% | +$14.2M |
|
|
ETHA
1098
iShares Ethereum Trust ETF
ETHA
$5.49B
| $32M | 0.02% |
+1,625,635
| New | +$32.7M |
|
1099
PUT
NXP Semiconductors
NXPI
$60.8B
| $31.9M | 0.02% |
133,100
+93,600
| +237% | +$23.5M |
|
1100
PUT
Shopify
SHOP
$168B
| $31.8M | 0.02% |
396,500
+252,700
| +176% | +$17.5M |
|
Similar funds
Millennium Management's Q3 2024 Portfolio in Review
As of Q3 2024, Millennium Management held 6,698 positions worth $211B, down 2.3% from $216B the previous quarter. Its ten largest holdings account for 17% of the portfolio.
Millennium Management withdrew a net $20.6B in Q3 2024, closing 667 positions and reducing 2,445 holdings. Its most notable exit was WestRock Company, an estimated $161M position sold in full.
By sector, the portfolio is most concentrated in Technology at 8.6% of assets, down from 10% a quarter earlier, followed by Healthcare and Financials.
Against the trend, Millennium Management opened a new position in Smurfit Westrock worth $94.1M.
- Millennium Management's largest Q3 2024 buy was Smurfit Westrock: 1,904,931 shares worth $94.1M.
- Millennium Management added most to State Street SPDR S&P 500 ETF Trust in Q3 2024, an estimated $1.38B increase.
- Millennium Management's biggest Q3 2024 reduction was Apple, cutting an estimated $2.59B.
- Millennium Management fully exited WestRock Company in Q3 2024, selling an estimated $161M.
- Millennium Management's ten largest holdings make up 17% of its $211B portfolio in Q3 2024.
- Millennium Management opened 898 new positions and closed 667 in Q3 2024.
- Millennium Management's portfolio value fell 2.3% quarter-over-quarter to $211B.
Based on Millennium Management's 13F filing for Q3 2024, filed 14 Nov 2024.