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 |
Linde
LIN
|
+$374M |
| 2 |
AT&T
T
|
+$293M |
| 3 |
NVIDIA
NVDA
|
+$291M |
| 4 |
State Street Energy Select Sector SPDR ETF
XLE
|
+$283M |
| 5 |
Williams Companies
WMB
|
+$274M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Invesco QQQ Trust
QQQ
|
+$1.09B |
| 2 |
Lam Research
LRCX
|
+$351M |
| 3 |
iShares Russell 2000 ETF
IWM
|
+$330M |
| 4 |
Apple
AAPL
|
+$328M |
| 5 |
Boeing
BA
|
+$292M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 8.37% |
| 2 | Healthcare | 7.97% |
| 3 | Financials | 6.13% |
| 4 | Consumer Discretionary | 5.62% |
| 5 | Industrials | 5.59% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1226
PUT
Corteva
CTVA
$52.6B
| $22.8M | 0.01% |
378,500
-419,100
| -53% | -$25.6M |
|
|
ARGO
1227
DELISTED
Argo Group International Holdings, Ltd.
ARGO
| $22.8M | 0.01% |
776,912
+749,007
| +2,684% | +$21.2M |
|
1228
CALL
Freeport-McMoran
FCX
$90B
| $22.8M | 0.01% |
556,200
-148,800
| -21% | -$6.19M |
|
1229
PUT
VanEck Gold Miners ETF
GDX
$22.7B
| $22.7M | 0.01% |
702,400
-147,800
| -17% | -$4.47M |
|
|
SRDX
1230
DELISTED
Surmodics
SRDX
| $22.7M | 0.01% |
997,302
+717,599
| +257% | +$18.5M |
|
1231
Western Alliance Bancorporation
WAL
$8.79B
| $22.7M | 0.01% |
638,952
-37,062
| -5% | -$2.27M |
|
1232
Fastenal
FAST
$54.7B
| $22.7M | 0.01% |
841,718
-2,592,998
| -75% | -$66.5M |
|
1233
iShares MSCI Australia ETF
EWA
$1.39B
| $22.7M | 0.01% |
+988,777
| New | +$23.1M |
|
1234
CALL
Cardinal Health
CAH
$53.9B
| $22.7M | 0.01% |
300,300
+15,300
| +5% | +$1.15M |
|
1235
Kirby Corp
KEX
$7.01B
| $22.6M | 0.01% |
324,556
-127,908
| -28% | -$8.81M |
|
1236
PUT
Air Products & Chemicals
APD
$65.7B
| $22.6M | 0.01% |
78,600
-78,600
| -50% | -$22.9M |
|
1237
Repay Holdings
RPAY
$331M
| $22.6M | 0.01% |
3,434,911
+2,259,710
| +192% | +$18.6M |
|
|
PXD
1238
DELISTED
Pioneer Natural Resource Co.
PXD
| $22.6M | 0.01% |
110,438
+23,724
| +27% | +$5.1M |
|
1239
State Street SPDR S&P Homebuilders ETF
XHB
$1.6B
| $22.5M | 0.01% |
+332,700
| New | +$22.2M |
|
|
CPRX
1240
DELISTED
Catalyst Pharmaceutical
CPRX
| $22.5M | 0.01% |
1,355,095
-958,571
| -41% | -$15.8M |
|
1241
PUT
US Bancorp
USB
$98.2B
| $22.5M | 0.01% |
623,000
-159,900
| -20% | -$7.12M |
|
1242
Fastly Inc
FSLY
$3.55B
| $22.4M | 0.01% |
1,263,993
+1,014,700
| +407% | +$12.9M |
|
1243
iShares Silver Trust
SLV
$28B
| $22.4M | 0.01% |
1,014,528
+999,401
| +6,607% | +$20.7M |
|
1244
Valvoline
VVV
$4.9B
| $22.3M | 0.01% |
639,418
-124,731
| -16% | -$4.34M |
|
1245
PUT
iShares Semiconductor ETF
SOXX
$41.7B
| $22.2M | 0.01% |
+150,000
| New | +$20.4M |
|
1246
Sunrun
RUN
$2.34B
| $22.2M | 0.01% |
1,102,548
+492,815
| +81% | +$11.5M |
|
1247
Teekay
TK
$1.01B
| $22.2M | 0.01% |
3,592,547
+896,732
| +33% | +$4.79M |
|
1248
Charles River Laboratories
CRL
$11.2B
| $22.2M | 0.01% |
109,785
-328,002
| -75% | -$74.3M |
|
|
HES
1249
DELISTED
Hess
HES
| $22.2M | 0.01% |
167,398
-18,812
| -10% | -$2.62M |
|
|
CADE
1250
DELISTED
Cadence Bank
CADE
| $22.1M | 0.01% |
+1,066,106
| New | +$26.5M |
|
Similar funds
Millennium Management's Q1 2023 Portfolio in Review
As of Q1 2023, Millennium Management held 7,511 positions worth $174B, down 3.5% from $181B the previous quarter. Its ten largest holdings account for 25% of the portfolio.
Millennium Management withdrew a net $18.1B in Q1 2023, closing 1,210 positions and reducing 2,570 holdings. Its most notable exit was Apollo Global Management, an estimated $112M position sold in full.
By sector, the portfolio is most concentrated in Technology at 8.4% of assets, up from 8.2% a quarter earlier, followed by Healthcare and Financials.
Against the trend, Millennium Management opened a new position in Warner Bros worth $96.9M.
- Millennium Management's largest Q1 2023 buy was Warner Bros: 6,417,147 shares worth $96.9M.
- Millennium Management added most to Linde in Q1 2023, an estimated $374M increase.
- Millennium Management's biggest Q1 2023 reduction was Invesco QQQ Trust, cutting an estimated $1.09B.
- Millennium Management fully exited Apollo Global Management in Q1 2023, selling an estimated $112M.
- Millennium Management's ten largest holdings make up 25% of its $174B portfolio in Q1 2023.
- Millennium Management opened 988 new positions and closed 1,210 in Q1 2023.
- Millennium Management's portfolio value fell 3.5% quarter-over-quarter to $174B.
Based on Millennium Management's 13F filing for Q1 2023, filed 15 May 2023.