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 MSCI Emerging Markets ETF
EEM
|
+$554M |
| 2 |
ATVI
Activision Blizzard
ATVI
|
+$435M |
| 3 |
CERN
Cerner Corp
CERN
|
+$282M |
| 4 |
Norfolk Southern
NSC
|
+$238M |
| 5 |
ExxonMobil
XOM
|
+$237M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares Core S&P 500 ETF
IVV
|
+$1.35B |
| 2 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$1.32B |
| 3 |
Apple
AAPL
|
+$966M |
| 4 |
NVIDIA
NVDA
|
+$768M |
| 5 |
AT&T
T
|
+$594M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 7.16% |
| 2 | Financials | 6.59% |
| 3 | Healthcare | 6.12% |
| 4 | Industrials | 4.26% |
| 5 | Consumer Discretionary | 3.92% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
LKFT
1401
Lakefront Biotherapeutics American Depositary Shares
LKFT
$1.81B
| $19.5M | 0.01% |
315,131
+80,951
| +35% | +$4.95M |
|
1402
Valero Energy
VLO
$92.6B
| $19.5M | 0.01% |
192,288
-592,742
| -76% | -$51.4M |
|
|
ATSG
1403
DELISTED
Air Transport Services Group
ATSG
| $19.5M | 0.01% |
582,735
+536,671
| +1,165% | +$15.7M |
|
|
MRSN
1404
DELISTED
Mersana Therapeutics
MRSN
| $19.5M | 0.01% |
195,350
+169,907
| +668% | +$19.8M |
|
|
NVO
1405
Novo Nordisk
NVO
$228B
| $19.5M | 0.01% |
350,600
-129,446
| -27% | -$6.64M |
|
|
KVSC
1406
DELISTED
Khosla Ventures Acquisition Co. III Class A Common Stock
KVSC
| $19.5M | 0.01% |
1,992,026
-9,274
| -0.5% | -$90.3K |
|
1407
News Corp Class A
NWSA
$15.2B
| $19.4M | 0.01% |
877,604
-383,460
| -30% | -$8.48M |
|
|
NDAC
1408
DELISTED
NightDragon Acquisition Corp. Class A Common stock
NDAC
| $19.4M | 0.01% |
1,987,941
-15,167
| -0.8% | -$148K |
|
1409
NNN REIT
NNN
$9.16B
| $19.4M | 0.01% |
431,933
+273,302
| +172% | +$12M |
|
|
OSI
1410
DELISTED
Osiris Acquisition Corp.
OSI
| $19.4M | 0.01% |
1,994,851
| – | – |
|
|
PAYOW
1411
CALL
DELISTED
Payoneer Global Inc. Warrant
PAYOW
| $19.4M | 0.01% |
16,984,766
+4,383,946
| +35% | +$7M |
|
1412
Appian
APPN
$1.94B
| $19.3M | 0.01% |
317,944
+228,663
| +256% | +$13M |
|
1413
United Microelectronic
UMC
$47.5B
| $19.3M | 0.01% |
2,120,265
+1,458,943
| +221% | +$14.5M |
|
1414
Paychex
PAYX
$41.4B
| $19.3M | 0.01% |
141,347
-200,199
| -59% | -$24.6M |
|
|
ASZ
1415
DELISTED
Austerlitz Acquisition Corporation II
ASZ
| $19.3M | 0.01% |
1,971,537
+83,633
| +4% | +$815K |
|
1416
UGI
UGI
$7.76B
| $19.3M | 0.01% |
532,056
+219,500
| +70% | +$8.78M |
|
1417
PUT
Snowflake
SNOW
$103B
| $19.3M | 0.01% |
84,100
-192,300
| -70% | -$49.7M |
|
1418
Virtus Investment Partners
VRTS
$1.09B
| $19.2M | 0.01% |
80,042
+42,400
| +113% | +$10.7M |
|
1419
BlackLine
BL
$1.8B
| $19.2M | 0.01% |
262,060
-65,508
| -20% | -$5.3M |
|
1420
Telus
TU
$16.8B
| $19.2M | 0.01% |
733,684
+452,176
| +161% | +$11.2M |
|
1421
GrafTech
EAF
$169M
| $19.2M | 0.01% |
199,077
-48,331
| -20% | -$5.02M |
|
1422
Arbor Realty Trust
ABR
$921M
| $19.1M | 0.01% |
1,119,998
-136,005
| -11% | -$2.39M |
|
|
BRG
1423
DELISTED
Bluerock Residential Growth REIT, Inc.
BRG
| $19.1M | 0.01% |
718,417
-150,581
| -17% | -$3.99M |
|
1424
Churchill Downs
CHDN
$5.76B
| $19.1M | 0.01% |
172,086
-91,930
| -35% | -$10.1M |
|
1425
CALL
Petrobras
PBR
$123B
| $19.1M | 0.01% |
1,289,300
-1,800
| -0.1% | -$24.1K |
|
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Millennium Management's Q1 2022 Portfolio in Review
As of Q1 2022, Millennium Management held 8,193 positions worth $189B, down 4.1% from $197B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
Millennium Management's Q1 2022 filing shows 1,492 new, 2,451 increased, 2,453 reduced and 1,365 closed positions. Its largest new stake was Mondelez International: 1,780,636 shares worth $112M. The largest sale was iShares Core S&P 500 ETF, an estimated $1.35B.
By sector, the portfolio is most concentrated in Technology at 7.2% of assets, down from 7.9% a quarter earlier, followed by Financials and Healthcare.
- Millennium Management's largest Q1 2022 buy was Mondelez International: 1,780,636 shares worth $112M.
- Millennium Management added most to iShares MSCI Emerging Markets ETF in Q1 2022, an estimated $554M increase.
- Millennium Management's biggest Q1 2022 reduction was iShares Core S&P 500 ETF, cutting an estimated $1.35B.
- Millennium Management fully exited IHS Markit Ltd. Common Shares in Q1 2022, selling an estimated $532M.
- Millennium Management's ten largest holdings make up 24% of its $189B portfolio in Q1 2022.
- Millennium Management opened 1,492 new positions and closed 1,365 in Q1 2022.
- Millennium Management's portfolio value fell 4.1% quarter-over-quarter to $189B.
Based on Millennium Management's 13F filing for Q1 2022, filed 16 May 2022.