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 | |
|---|---|---|---|---|---|---|
101
Trade Desk
TTD
$8.13B
| $282M | 0.13% |
2,571,850
-220,108
| -8% | -$22M |
|
102
Fortinet
FTNT
$112B
| $282M | 0.13% |
3,630,071
+1,668,426
| +85% | +$114M |
|
103
CBRE Group
CBRE
$40.8B
| $281M | 0.13% |
2,258,458
-2,382,737
| -51% | -$260M |
|
104
AT&T
T
$165B
| $280M | 0.13% |
12,725,393
-948,966
| -7% | -$18.9M |
|
105
Equinix
EQIX
$107B
| $279M | 0.13% |
314,180
+239,300
| +320% | +$196M |
|
106
PUT
Costco
COST
$415B
| $276M | 0.13% |
311,400
+31,400
| +11% | +$27.3M |
|
|
CTLT
107
DELISTED
CATALENT, INC.
CTLT
| $274M | 0.13% |
4,517,953
+437,989
| +11% | +$25.9M |
|
108
PUT
General Motors
GM
$74.7B
| $272M | 0.13% |
6,056,200
-1,035,900
| -15% | -$48M |
|
109
Bristol-Myers Squibb
BMY
$127B
| $268M | 0.13% |
5,185,435
+3,694,795
| +248% | +$173M |
|
110
Cenovus Energy
CVE
$54.6B
| $268M | 0.13% |
16,010,627
+877,793
| +6% | +$16.3M |
|
111
Procter & Gamble
PG
$343B
| $268M | 0.13% |
1,545,407
+841,465
| +120% | +$143M |
|
112
Crown Holdings
CCK
$12.8B
| $268M | 0.13% |
2,790,309
+2,280,400
| +447% | +$196M |
|
113
Morgan Stanley
MS
$337B
| $263M | 0.12% |
2,519,040
+838,855
| +50% | +$84.5M |
|
114
PUT
Walmart Inc
WMT
$871B
| $260M | 0.12% |
3,217,400
+712,100
| +28% | +$52.3M |
|
115
Trane Technologies
TT
$106B
| $254M | 0.12% |
653,951
-684,036
| -51% | -$237M |
|
116
PUT
Intuit
INTU
$81.1B
| $253M | 0.12% |
406,700
+52,000
| +15% | +$33.2M |
|
117
PUT
State Street Utilities Select Sector SPDR ETF
XLU
$24.1B
| $251M | 0.12% |
6,224,400
+3,063,800
| +97% | +$114M |
|
|
118
PUT
Morgan Stanley
MS
$337B
| $248M | 0.12% |
2,377,400
-690,900
| -23% | -$69.6M |
|
119
Advanced Micro Devices
AMD
$851B
| $245M | 0.12% |
1,495,311
+785,304
| +111% | +$119M |
|
120
HF Sinclair
DINO
$15.9B
| $245M | 0.12% |
5,500,805
+4,982,332
| +961% | +$238M |
|
121
PUT
Danaher
DHR
$135B
| $244M | 0.12% |
868,500
-588,700
| -40% | -$156M |
|
122
NRG Energy
NRG
$29.8B
| $242M | 0.11% |
2,658,092
+12,856
| +0.5% | +$1.02M |
|
123
ConocoPhillips
COP
$147B
| $242M | 0.11% |
2,297,342
-3,130,784
| -58% | -$344M |
|
124
Packaging Corp of America
PKG
$22.7B
| $240M | 0.11% |
1,114,667
+87,082
| +8% | +$17.3M |
|
125
CALL
JPMorgan Chase
JPM
$939B
| $239M | 0.11% |
1,135,600
-280,200
| -20% | -$59M |
|
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.