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 | |
|---|---|---|---|---|---|---|
|
XHR
1251
Xenia Hotels & Resorts
XHR
$2.01B
| $25.9M | 0.01% |
1,752,165
+1,149,440
| +191% | +$16M |
|
1252
Yum China
YUMC
$15.7B
| $25.9M | 0.01% |
566,303
-275,303
| -33% | -$9.16M |
|
1253
Sabra Healthcare REIT
SBRA
$5.56B
| $25.8M | 0.01% |
1,385,890
+543,559
| +65% | +$9.16M |
|
1254
Factset
FDS
$10B
| $25.8M | 0.01% |
56,060
-63,522
| -53% | -$27M |
|
1255
PUT
CVS Health
CVS
$135B
| $25.8M | 0.01% |
409,700
-15,600
| -4% | -$910K |
|
1256
CALL
Telephone and Data Systems
TDS
$3.87B
| $25.6M | 0.01% |
+1,102,100
| New | +$24M |
|
1257
American Tower
AMT
$83.5B
| $25.6M | 0.01% |
110,160
-334,006
| -75% | -$74.1M |
|
1258
Popular Inc
BPOP
$11B
| $25.6M | 0.01% |
255,275
-291,706
| -53% | -$28.4M |
|
1259
Trimble
TRMB
$13.6B
| $25.4M | 0.01% |
409,485
+92,283
| +29% | +$5.15M |
|
1260
Ciena
CIEN
$46.8B
| $25.4M | 0.01% |
412,758
+348,292
| +540% | +$18.4M |
|
|
DOCU
1261
PUT
DocuSign
DOCU
$11.1B
| $25.4M | 0.01% |
409,100
+43,200
| +12% | +$2.42M |
|
1262
Federal Signal
FSS
$6.82B
| $25.4M | 0.01% |
271,752
-174,024
| -39% | -$15.9M |
|
1263
Power Integrations
POWI
$3.15B
| $25.4M | 0.01% |
396,061
-197,103
| -33% | -$13M |
|
1264
Tyson Foods
TSN
$21.5B
| $25.4M | 0.01% |
425,928
+89,894
| +27% | +$5.49M |
|
1265
Houlihan Lokey
HLI
$9.72B
| $25.4M | 0.01% |
160,499
-341,111
| -68% | -$51M |
|
|
MTAL
1266
DELISTED
Metals Acquisition
MTAL
| $25.3M | 0.01% |
1,823,634
-96,284
| -5% | -$1.19M |
|
|
LNW
1267
DELISTED
Light & Wonder
LNW
| $25.2M | 0.01% |
278,020
-301,320
| -52% | -$31.6M |
|
1268
Harley-Davidson
HOG
$2.61B
| $25.2M | 0.01% |
654,640
-347,047
| -35% | -$12.6M |
|
1269
CALL
Align Technology
ALGN
$12.9B
| $25.2M | 0.01% |
99,100
+55,000
| +125% | +$13M |
|
1270
Quest Diagnostics
DGX
$26B
| $25.2M | 0.01% |
162,313
-786,321
| -83% | -$117M |
|
1271
PUT
Super Micro Computer
SMCI
$16.6B
| $25.2M | 0.01% |
605,000
+431,000
| +248% | +$26.2M |
|
|
1272
PUT
Quest Diagnostics
DGX
$26B
| $25.2M | 0.01% |
162,200
+102,200
| +170% | +$15.3M |
|
1273
ManpowerGroup
MAN
$2.6B
| $25.2M | 0.01% |
342,411
-65,559
| -16% | -$4.71M |
|
1274
BHP
BHP
$211B
| $25.2M | 0.01% |
405,204
+346,949
| +596% | +$19.2M |
|
1275
PUT
Deere & Co
DE
$165B
| $25.1M | 0.01% |
60,200
-390,100
| -87% | -$147M |
|
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.