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 | |
|---|---|---|---|---|---|---|
1201
Forward Air
FWRD
$447M
| $28.9M | 0.01% |
459,498
+175,733
| +62% | +$11.8M |
|
1202
Alignment Healthcare
ALHC
$3.27B
| $28.8M | 0.01% |
3,350,739
-74,026
| -2% | -$541K |
|
1203
PUT
Zillow
Z
$7.76B
| $28.8M | 0.01% |
498,600
-19,100
| -4% | -$842K |
|
|
HBI
1204
DELISTED
Hanesbrands
HBI
| $28.8M | 0.01% |
6,464,131
+5,386,466
| +500% | +$21.9M |
|
1205
Consolidated Edison
ED
$40.3B
| $28.8M | 0.01% |
316,519
+195,992
| +163% | +$17.5M |
|
1206
New York Times
NYT
$12.2B
| $28.7M | 0.01% |
586,420
-123,536
| -17% | -$5.45M |
|
1207
Provident Financial Services
PFS
$3.2B
| $28.7M | 0.01% |
1,593,143
-523,572
| -25% | -$8.21M |
|
1208
PUT
Fortinet
FTNT
$118B
| $28.7M | 0.01% |
490,500
+238,600
| +95% | +$13.2M |
|
1209
CALL
Duke Energy
DUK
$97.8B
| $28.7M | 0.01% |
295,800
+148,900
| +101% | +$13.5M |
|
1210
McCormick & Company Non-Voting
MKC
$13.7B
| $28.7M | 0.01% |
418,828
+272,333
| +186% | +$17.8M |
|
1211
MetLife
MET
$62.2B
| $28.6M | 0.01% |
432,906
-496,546
| -53% | -$31.1M |
|
1212
CALL
Delta Air Lines
DAL
$57.8B
| $28.5M | 0.01% |
709,400
-662,900
| -48% | -$24M |
|
1213
Euronet Worldwide
EEFT
$2.77B
| $28.5M | 0.01% |
281,114
+222,654
| +381% | +$19M |
|
1214
Immunovant
IMVT
$7.9B
| $28.3M | 0.01% |
671,401
+12,769
| +2% | +$470K |
|
1215
CALL
Kraft Heinz
KHC
$30.7B
| $28.3M | 0.01% |
764,800
-21,000
| -3% | -$714K |
|
1216
Interactive Brokers
IBKR
$39.6B
| $28.2M | 0.01% |
1,362,384
-331,672
| -20% | -$6.79M |
|
1217
Honda
HMC
$39.1B
| $28.2M | 0.01% |
913,215
+646,291
| +242% | +$20.4M |
|
1218
Pinnacle West Capital
PNW
$12.2B
| $28.1M | 0.01% |
391,496
-717,715
| -65% | -$52.7M |
|
1219
PUT
CME Group
CME
$96.4B
| $28.1M | 0.01% |
133,500
-40,100
| -23% | -$8.56M |
|
1220
PUT
Aptiv
APTV
$11.9B
| $28.1M | 0.01% |
313,000
-77,800
| -20% | -$6.7M |
|
1221
Wabtec
WAB
$49.6B
| $28.1M | 0.01% |
221,066
-143,541
| -39% | -$16.2M |
|
1222
US Foods
USFD
$22.1B
| $28M | 0.01% |
615,751
+595,402
| +2,926% | +$24.6M |
|
|
SAVE
1223
DELISTED
Spirit Airlines, Inc.
SAVE
| $27.9M | 0.01% |
1,704,838
+757,437
| +80% | +$10.9M |
|
1224
State Street Materials Select Sector SPDR ETF
XLB
$8.52B
| $27.9M | 0.01% |
652,044
-133,678
| -17% | -$5.34M |
|
1225
Nextpower Inc
NXT
$13.8B
| $27.9M | 0.01% |
595,227
-45,387
| -7% | -$1.78M |
|
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.