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 |
DRE
Duke Realty Corp.
DRE
|
+$886M |
| 2 |
Chevron
CVX
|
+$595M |
| 3 |
Union Pacific
UNP
|
+$360M |
| 4 |
Baxter International
BAX
|
+$276M |
| 5 |
Xcel Energy
XEL
|
+$252M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Invesco QQQ Trust
QQQ
|
+$520M |
| 2 |
NXP Semiconductors
NXPI
|
+$248M |
| 3 |
Oracle
ORCL
|
+$242M |
| 4 |
Amgen
AMGN
|
+$197M |
| 5 |
Eli Lilly
LLY
|
+$186M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 8.12% |
| 2 | Technology | 7.86% |
| 3 | Healthcare | 6.8% |
| 4 | Industrials | 5.01% |
| 5 | Consumer Discretionary | 4.23% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
VMW
1401
CALL
DELISTED
VMware, Inc
VMW
| $18.6M | 0.01% |
+175,000
| New | +$20.2M |
|
1402
TC Energy
TRP
$65.5B
| $18.6M | 0.01% |
462,491
+448,905
| +3,304% | +$22.3M |
|
1403
Essent Group
ESNT
$6.3B
| $18.6M | 0.01% |
533,777
-147,808
| -22% | -$5.92M |
|
1404
PUT
MGM Resorts International
MGM
$11B
| $18.6M | 0.01% |
625,200
+565,200
| +942% | +$18.4M |
|
1405
SM Energy
SM
$7.34B
| $18.6M | 0.01% |
494,005
-78,093
| -14% | -$3.07M |
|
1406
DT Midstream
DTM
$13.5B
| $18.6M | 0.01% |
357,921
+263,630
| +280% | +$14.2M |
|
|
TSPQ
1407
DELISTED
TCW Special Purpose Acquisition Corp.
TSPQ
| $18.5M | 0.01% |
1,885,566
+619,295
| +49% | +$6.07M |
|
1408
PUT
Snap
SNAP
$9.08B
| $18.5M | 0.01% |
1,883,500
-2,769,300
| -60% | -$32.2M |
|
1409
Matador Resources
MTDR
$6.33B
| $18.5M | 0.01% |
378,023
+220,533
| +140% | +$11.9M |
|
1410
Intellia Therapeutics
NTLA
$1.69B
| $18.5M | 0.01% |
330,442
-28,947
| -8% | -$1.8M |
|
|
CPRX
1411
DELISTED
Catalyst Pharmaceutical
CPRX
| $18.5M | 0.01% |
1,440,358
-1,283,537
| -47% | -$15.2M |
|
1412
CALL
Moderna
MRNA
$23.9B
| $18.4M | 0.01% |
156,000
+15,400
| +11% | +$2.34M |
|
1413
CNO Financial Group
CNO
$5.15B
| $18.4M | 0.01% |
1,025,046
-1,063,540
| -51% | -$19.7M |
|
1414
CALL
EOG Resources
EOG
$73.5B
| $18.4M | 0.01% |
164,800
+39,200
| +31% | +$4.4M |
|
1415
CALL
Edwards Lifesciences
EW
$53.1B
| $18.4M | 0.01% |
222,800
+207,300
| +1,337% | +$19.9M |
|
1416
Acadia Healthcare
ACHC
$2.96B
| $18.4M | 0.01% |
235,197
-353,070
| -60% | -$28.2M |
|
1417
BCE
BCE
$21B
| $18.4M | 0.01% |
438,018
+428,695
| +4,598% | +$20.8M |
|
1418
Noble Corp
NE
$6.83B
| $18.4M | 0.01% |
620,532
+359,990
| +138% | +$10.6M |
|
|
PCGU
1419
DELISTED
PG&E Corporation
PCGU
| $18.3M | 0.01% |
159,459
+84,459
| +113% | +$9.23M |
|
1420
PUT
Darden Restaurants
DRI
$24.6B
| $18.3M | 0.01% |
145,200
+129,700
| +837% | +$16.2M |
|
1421
Bank OZK
OZK
$5.59B
| $18.3M | 0.01% |
463,285
-177,810
| -28% | -$7.15M |
|
1422
PUT
iShares MSCI Taiwan ETF
EWT
$11B
| $18.3M | 0.01% |
425,100
-234,500
| -36% | -$11.6M |
|
1423
PUT
iShares MBS ETF
MBB
$39B
| $18.3M | 0.01% |
+200,000
| New | +$19.4M |
|
1424
MillerKnoll
MLKN
$1.63B
| $18.3M | 0.01% |
1,174,060
+355,477
| +43% | +$9.77M |
|
|
CCVI
1425
DELISTED
Churchill Capital Corp VI
CCVI
| $18.3M | 0.01% |
1,856,922
+315,644
| +20% | +$3.1M |
|
Similar funds
Millennium Management's Q3 2022 Portfolio in Review
As of Q3 2022, Millennium Management held 7,917 positions worth $169B, up 4.9% from $161B the previous quarter. Its ten largest holdings account for 23% of the portfolio.
Millennium Management deployed $14.7B of net new capital in Q3 2022, opening 1,007 new positions and adding to 2,598 existing holdings. Its largest new stake was Rockwell Automation: 953,525 shares worth $205M.
By sector, the portfolio is most concentrated in Financials at 8.1% of assets, up from 7.6% a quarter earlier, followed by Technology and Healthcare.
On the sell side, the largest reduction was Invesco QQQ Trust, an estimated $520M trimmed.
- Millennium Management's largest Q3 2022 buy was Rockwell Automation: 953,525 shares worth $205M.
- Millennium Management added most to Duke Realty Corp. in Q3 2022, an estimated $886M increase.
- Millennium Management's biggest Q3 2022 reduction was Invesco QQQ Trust, cutting an estimated $520M.
- Millennium Management fully exited Coherent Inc in Q3 2022, selling an estimated $114M.
- Millennium Management's ten largest holdings make up 23% of its $169B portfolio in Q3 2022.
- Millennium Management opened 1,007 new positions and closed 906 in Q3 2022.
- Millennium Management's portfolio value rose 4.9% quarter-over-quarter to $169B.
Based on Millennium Management's 13F filing for Q3 2022, filed 14 Nov 2022.