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 |
Broadcom
AVGO
|
+$1.14B |
| 2 |
iShares Russell 1000 ETF
IWB
|
+$810M |
| 3 |
Meta Platforms (Facebook)
META
|
+$715M |
| 4 |
Amazon
AMZN
|
+$641M |
| 5 |
UnitedHealth
UNH
|
+$498M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$2.98B |
| 2 |
Spotify
SPOT
|
+$1.17B |
| 3 |
Microsoft
MSFT
|
+$856M |
| 4 |
Apollo Global Management
APO
|
+$726M |
| 5 |
Workday
WDAY
|
+$440M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 8.85% |
| 2 | Financials | 8.25% |
| 3 | Healthcare | 7.07% |
| 4 | Industrials | 5.93% |
| 5 | Consumer Discretionary | 5.44% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
VBTX
1251
DELISTED
Veritex Holdings
VBTX
| $26.2M | 0.01% |
966,391
+664,885
| +221% | +$18.7M |
|
1252
PUT
KKR & Co
KKR
$92.3B
| $26.2M | 0.01% |
177,200
+150,400
| +561% | +$22.1M |
|
|
AXON
1253
PUT
Axon Enterprise
AXON
$46.4B
| $26.2M | 0.01% |
44,100
-67,500
| -60% | -$36.7M |
|
1254
Bentley Systems
BSY
$10.6B
| $26.2M | 0.01% |
561,162
-265,570
| -32% | -$13M |
|
1255
Steel Dynamics
STLD
$37.6B
| $26.2M | 0.01% |
229,423
+77,605
| +51% | +$10.3M |
|
1256
BorgWarner
BWA
$13.9B
| $26.1M | 0.01% |
821,278
-1,638,018
| -67% | -$55.8M |
|
1257
CALL
FedEx
FDX
$75.4B
| $26.1M | 0.01% |
92,800
+18,700
| +25% | +$5.22M |
|
1258
Principal Financial Group
PFG
$24.3B
| $26.1M | 0.01% |
337,038
-272,672
| -45% | -$23M |
|
1259
Archrock
AROC
$5.8B
| $26.1M | 0.01% |
1,047,346
+681,160
| +186% | +$15.8M |
|
1260
Cellebrite
CLBT
$3.99B
| $26.1M | 0.01% |
1,182,701
-298,527
| -20% | -$5.75M |
|
1261
Bank of Montreal
BMO
$127B
| $26M | 0.01% |
268,224
+192,257
| +253% | +$18.2M |
|
1262
PUT
Enbridge
ENB
$112B
| $26M | 0.01% |
438,200
-3,400
| -0.8% | -$142K |
|
1263
State Street Consumer Discretionary Select Sector SPDR ETF
XLY
$23.8B
| $26M | 0.01% |
231,996
+154,588
| +200% | +$16.5M |
|
1264
CALL
CVS Health
CVS
$122B
| $25.9M | 0.01% |
577,000
-5,700
| -1% | -$320K |
|
1265
Newell Brands
NWL
$2.56B
| $25.8M | 0.01% |
2,592,690
-5,192,800
| -67% | -$47.1M |
|
1266
ICF International
ICFI
$1.72B
| $25.8M | 0.01% |
216,451
+199,104
| +1,148% | +$29.8M |
|
1267
GitLab
GTLB
$6.58B
| $25.7M | 0.01% |
455,933
-494,955
| -52% | -$28.9M |
|
1268
Coeur Mining
CDE
$17.9B
| $25.7M | 0.01% |
4,491,402
+3,321,503
| +284% | +$21.5M |
|
|
DFS
1269
PUT
DELISTED
Discover Financial Services
DFS
| $25.6M | 0.01% |
148,000
-500
| -0.3% | -$82.1K |
|
1270
EPR Properties
EPR
$4.77B
| $25.6M | 0.01% |
578,995
+343,729
| +146% | +$15.7M |
|
1271
American States Water
AWR
$3.46B
| $25.6M | 0.01% |
329,740
+45,708
| +16% | +$3.81M |
|
1272
Corcept Therapeutics
CORT
$12B
| $25.6M | 0.01% |
508,357
+269,131
| +113% | +$14.1M |
|
1273
CALL
Becton Dickinson
BDX
$48.2B
| $25.6M | 0.01% |
112,900
+75,000
| +198% | +$17.3M |
|
1274
Constellium
CSTM
$3.99B
| $25.5M | 0.01% |
2,481,878
+622,367
| +33% | +$7.65M |
|
1275
Core & Main
CNM
$8.71B
| $25.5M | 0.01% |
500,472
-62,510
| -11% | -$2.95M |
|
Similar funds
Millennium Management's Q4 2024 Portfolio in Review
As of Q4 2024, Millennium Management held 6,700 positions worth $205B, down 3% from $211B the previous quarter. Its ten largest holdings account for 16% of the portfolio.
Millennium Management withdrew a net $13.8B in Q4 2024, closing 810 positions and reducing 2,557 holdings. Its most notable exit was Southwestern Energy Company, an estimated $340M position sold in full.
By sector, the portfolio is most concentrated in Technology at 8.8% of assets, up from 8.6% a quarter earlier, followed by Financials and Healthcare.
Against the trend, Millennium Management opened a new position in NextEra Energy 7.234% Corporate Units worth $5.03M.
- Millennium Management's largest Q4 2024 buy was NextEra Energy 7.234% Corporate Units: 5,500,000 shares worth $5.03M.
- Millennium Management added most to Broadcom in Q4 2024, an estimated $1.14B increase.
- Millennium Management's biggest Q4 2024 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $2.98B.
- Millennium Management fully exited Southwestern Energy Company in Q4 2024, selling an estimated $340M.
- Millennium Management's ten largest holdings make up 16% of its $205B portfolio in Q4 2024.
- Millennium Management opened 681 new positions and closed 810 in Q4 2024.
- Millennium Management's portfolio value fell 3% quarter-over-quarter to $205B.
Based on Millennium Management's 13F filing for Q4 2024, filed 14 Feb 2025.