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 Bitcoin Trust
IBIT
|
+$651M |
| 2 |
Fidelity Wise Origin Bitcoin Fund
FBTC
|
+$622M |
| 3 |
Merck
MRK
|
+$496M |
| 4 |
Adobe
ADBE
|
+$446M |
| 5 |
CRH
CRH
|
+$410M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares Core S&P 500 ETF
IVV
|
+$4.33B |
| 2 |
Microsoft
MSFT
|
+$965M |
| 3 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$542M |
| 4 |
NVIDIA
NVDA
|
+$522M |
| 5 |
Linde
LIN
|
+$377M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 8.55% |
| 2 | Healthcare | 6.96% |
| 3 | Financials | 6.02% |
| 4 | Industrials | 5.05% |
| 5 | Consumer Discretionary | 4.78% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1226
iPath Series B S&P 500 VIX Short-Term Futures ETN
VXX
$158M
| $27.3M | 0.01% |
525,618
+161,043
| +44% | +$9.23M |
|
1227
ADT
ADT
$5.51B
| $27.2M | 0.01% |
+4,042,734
| New | +$26.8M |
|
|
SLRN
1228
DELISTED
ACELYRIN
SLRN
| $27.1M | 0.01% |
+4,013,528
| New | +$30.5M |
|
1229
Rio Tinto
RIO
$158B
| $27.1M | 0.01% |
424,926
+213,248
| +101% | +$14.3M |
|
1230
PUT
Capital One
COF
$129B
| $27.1M | 0.01% |
181,900
-176,900
| -49% | -$24M |
|
1231
Envista
NVST
$4.52B
| $27.1M | 0.01% |
1,266,140
+181,064
| +17% | +$4.1M |
|
1232
McGrath RentCorp
MGRC
$2.82B
| $27M | 0.01% |
218,964
+134,351
| +159% | +$16.2M |
|
1233
CALL
Emerson Electric
EMR
$83.3B
| $27M | 0.01% |
237,800
+161,500
| +212% | +$16.6M |
|
1234
PUT
Arm
ARM
$258B
| $26.9M | 0.01% |
+215,500
| New | +$22.8M |
|
1235
PUT
Ross Stores
ROST
$81B
| $26.9M | 0.01% |
183,300
-208,400
| -53% | -$29.9M |
|
1236
PUT
Cencora
COR
$60.7B
| $26.9M | 0.01% |
110,700
+41,400
| +60% | +$9.52M |
|
1237
CALL
Zscaler
ZS
$24B
| $26.9M | 0.01% |
139,600
+19,000
| +16% | +$4.25M |
|
1238
Chefs' Warehouse
CHEF
$4.58B
| $26.9M | 0.01% |
714,042
+689,270
| +2,782% | +$23.6M |
|
1239
Huazhu Hotels Group
HTHT
$13B
| $26.9M | 0.01% |
694,829
-394,867
| -36% | -$13.7M |
|
|
GAP
1240
The Gap Inc
GAP
$7.34B
| $26.9M | 0.01% |
975,101
+56,660
| +6% | +$1.19M |
|
|
CMPS
1241
Compass Pathways
CMPS
$1.56B
| $26.8M | 0.01% |
3,225,545
+3,120,656
| +2,975% | +$31.4M |
|
|
SNCY
1242
DELISTED
Sun Country Airlines
SNCY
| $26.8M | 0.01% |
1,775,748
+622,688
| +54% | +$8.97M |
|
1243
Sutro Biopharma
STRO
$411M
| $26.8M | 0.01% |
473,596
+320,009
| +208% | +$14.1M |
|
1244
CALL
Ulta Beauty
ULTA
$22.2B
| $26.7M | 0.01% |
51,100
-48,800
| -49% | -$25.2M |
|
1245
CALL
Synopsys
SNPS
$71.3B
| $26.7M | 0.01% |
46,700
+34,600
| +286% | +$19M |
|
1246
McCormick & Company Non-Voting
MKC
$13.7B
| $26.7M | 0.01% |
347,268
-71,560
| -17% | -$4.86M |
|
1247
Treace Medical Concepts
TMCI
$284M
| $26.6M | 0.01% |
2,041,938
+1,359,999
| +199% | +$18.1M |
|
1248
CALL
O'Reilly Automotive
ORLY
$72.4B
| $26.6M | 0.01% |
354,000
+75,000
| +27% | +$5.25M |
|
1249
Blue Owl Capital
OBDC
$5.36B
| $26.6M | 0.01% |
1,729,471
-128,044
| -7% | -$1.93M |
|
1250
Orion
OEC
$381M
| $26.6M | 0.01% |
1,129,780
+706,483
| +167% | +$16.3M |
|
Similar funds
Millennium Management's Q1 2024 Portfolio in Review
As of Q1 2024, Millennium Management held 6,887 positions worth $234B, up 1.3% from $231B the previous quarter. Its ten largest holdings account for 17% of the portfolio.
Millennium Management withdrew a net $25.1B in Q1 2024, closing 745 positions and reducing 2,484 holdings. Its most notable exit was Splunk Inc, an estimated $319M position sold in full.
By sector, the portfolio is most concentrated in Technology at 8.5% of assets, up from 8.3% a quarter earlier, followed by Healthcare and Financials.
Against the trend, Millennium Management opened a new position in iShares Bitcoin Trust worth $844M.
- Millennium Management's largest Q1 2024 buy was iShares Bitcoin Trust: 20,859,447 shares worth $844M.
- Millennium Management added most to Merck in Q1 2024, an estimated $496M increase.
- Millennium Management's biggest Q1 2024 reduction was iShares Core S&P 500 ETF, cutting an estimated $4.33B.
- Millennium Management fully exited Splunk Inc in Q1 2024, selling an estimated $319M.
- Millennium Management's ten largest holdings make up 17% of its $234B portfolio in Q1 2024.
- Millennium Management opened 858 new positions and closed 745 in Q1 2024.
- Millennium Management's portfolio value rose 1.3% quarter-over-quarter to $234B.
Based on Millennium Management's 13F filing for Q1 2024, filed 15 May 2024.