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 | |
|---|---|---|---|---|---|---|
101
PUT
IBM
IBM
$202B
| $205M | 0.12% |
1,707,400
-69,700
| -4% | -$9.15M |
|
102
Factset
FDS
$9.05B
| $205M | 0.12% |
511,362
+505,077
| +8,036% | +$214M |
|
103
CALL
State Street Health Care Select Sector SPDR ETF
XLV
$42.1B
| $201M | 0.12% |
1,659,500
-64,200
| -4% | -$8.27M |
|
104
PUT
Honeywell
HON
$77.1B
| $200M | 0.12% |
1,268,532
+366,364
| +41% | +$63.8M |
|
105
Comcast
CMCSA
$79.1B
| $197M | 0.12% |
6,731,468
+3,407,100
| +102% | +$127M |
|
106
Cintas
CTAS
$82.4B
| $196M | 0.12% |
2,024,520
+1,304,384
| +181% | +$133M |
|
107
CVS Health
CVS
$137B
| $196M | 0.12% |
2,057,415
+920,299
| +81% | +$91.1M |
|
108
Wells Fargo
WFC
$261B
| $196M | 0.12% |
4,873,660
-1,644,703
| -25% | -$70.7M |
|
109
CALL
UnitedHealth
UNH
$382B
| $196M | 0.12% |
387,300
+256,200
| +195% | +$135M |
|
110
Cisco
CSCO
$450B
| $196M | 0.12% |
4,889,749
+1,698,242
| +53% | +$75.3M |
|
111
Valero Energy
VLO
$89.8B
| $194M | 0.11% |
1,817,857
-74,863
| -4% | -$8.24M |
|
112
CALL
iShares MSCI Emerging Markets ETF
EEM
$28B
| $192M | 0.11% |
5,511,600
+281,600
| +5% | +$11M |
|
113
Alphabet (Google) Class C
GOOG
$3.9T
| $191M | 0.11% |
1,990,070
+1,436,270
| +259% | +$160M |
|
114
Bio-Rad Laboratories Class A
BIO
$8.42B
| $191M | 0.11% |
458,645
+79,316
| +21% | +$39.5M |
|
115
Edwards Lifesciences
EW
$47.6B
| $191M | 0.11% |
2,306,975
+2,261,902
| +5,018% | +$218M |
|
116
Enphase Energy
ENPH
$4.84B
| $190M | 0.11% |
683,424
+441,710
| +183% | +$119M |
|
|
VMW
117
DELISTED
VMware, Inc
VMW
| $189M | 0.11% |
1,776,208
+240,276
| +16% | +$27.7M |
|
118
State Street SPDR S&P 500 ETF Trust
SPY
$778B
| $188M | 0.11% |
527,281
+432,674
| +457% | +$172M |
|
119
Citigroup
C
$222B
| $188M | 0.11% |
4,513,843
+853,884
| +23% | +$42.2M |
|
120
Broadcom
AVGO
$1.82T
| $187M | 0.11% |
4,200,740
+3,193,990
| +317% | +$163M |
|
121
T-Mobile US
TMUS
$193B
| $186M | 0.11% |
1,386,280
-166,919
| -11% | -$23.4M |
|
122
American Express
AXP
$223B
| $185M | 0.11% |
1,371,284
+32,471
| +2% | +$4.91M |
|
123
Fortinet
FTNT
$112B
| $185M | 0.11% |
3,762,017
+3,188,071
| +555% | +$173M |
|
124
PUT
Micron Technology
MU
$1.04T
| $185M | 0.11% |
3,688,500
-583,100
| -14% | -$33.8M |
|
|
SJR
125
DELISTED
Shaw Communications Inc.
SJR
| $185M | 0.11% |
7,593,693
+1,648,293
| +28% | +$43.7M |
|
Similar funds
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.