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 |
Linde
LIN
|
+$374M |
| 2 |
AT&T
T
|
+$293M |
| 3 |
NVIDIA
NVDA
|
+$291M |
| 4 |
State Street Energy Select Sector SPDR ETF
XLE
|
+$283M |
| 5 |
Williams Companies
WMB
|
+$274M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Invesco QQQ Trust
QQQ
|
+$1.09B |
| 2 |
Lam Research
LRCX
|
+$351M |
| 3 |
iShares Russell 2000 ETF
IWM
|
+$330M |
| 4 |
Apple
AAPL
|
+$328M |
| 5 |
Boeing
BA
|
+$292M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 8.37% |
| 2 | Healthcare | 7.97% |
| 3 | Financials | 6.13% |
| 4 | Consumer Discretionary | 5.62% |
| 5 | Industrials | 5.59% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
WIRE
1401
DELISTED
Encore Wire Corp
WIRE
| $17.9M | 0.01% |
96,710
-54,161
| -36% | -$9.23M |
|
|
AAT
1402
American Assets Trust
AAT
$1.45B
| $17.9M | 0.01% |
963,206
+926,219
| +2,504% | +$22.6M |
|
|
SRCL
1403
DELISTED
Stericycle Inc
SRCL
| $17.9M | 0.01% |
410,452
-77,880
| -16% | -$3.85M |
|
1404
RLX Technology
RLX
$2.47B
| $17.9M | 0.01% |
6,164,293
+3,341,232
| +118% | +$8.1M |
|
1405
Applovin
APP
$133B
| $17.9M | 0.01% |
1,133,403
-335,661
| -23% | -$4.4M |
|
|
WBA
1406
PUT
DELISTED
Walgreens Boots Alliance
WBA
| $17.8M | 0.01% |
515,200
-396,600
| -43% | -$14.1M |
|
1407
ADMA Biologics
ADMA
$1.96B
| $17.8M | 0.01% |
5,373,501
+76,720
| +1% | +$265K |
|
1408
Unifirst Corp
UNF
$5.3B
| $17.8M | 0.01% |
100,872
+16,499
| +20% | +$3.22M |
|
1409
Aaon
AAON
$7.3B
| $17.7M | 0.01% |
274,778
-134,287
| -33% | -$7.38M |
|
1410
CALL
Illinois Tool Works
ITW
$82.6B
| $17.7M | 0.01% |
72,700
+4,800
| +7% | +$1.12M |
|
|
DFS
1411
PUT
DELISTED
Discover Financial Services
DFS
| $17.7M | 0.01% |
178,700
+35,700
| +25% | +$3.82M |
|
1412
Stryker
SYK
$125B
| $17.6M | 0.01% |
61,769
+32,385
| +110% | +$8.59M |
|
1413
CALL
Cummins
CMI
$87.5B
| $17.6M | 0.01% |
73,700
-23,700
| -24% | -$5.79M |
|
|
CMBT
1414
CMB.TECH NV
CMBT
$4.69B
| $17.6M | 0.01% |
1,046,629
-872,485
| -45% | -$14.5M |
|
1415
PUT
Jack Henry & Associates
JKHY
$10.9B
| $17.6M | 0.01% |
+116,500
| New | +$19.4M |
|
1416
Churchill Downs
CHDN
$5.88B
| $17.6M | 0.01% |
136,574
-132,812
| -49% | -$16M |
|
1417
CALL
Hilton Worldwide
HLT
$72.1B
| $17.5M | 0.01% |
124,500
+52,400
| +73% | +$7.38M |
|
1418
Vanguard Short-Term Corporate Bond ETF
VCSH
$44.7B
| $17.5M | 0.01% |
229,835
+188,872
| +461% | +$14.3M |
|
1419
Rithm Capital
RITM
$5.52B
| $17.5M | 0.01% |
2,189,348
+1,566,491
| +252% | +$13.8M |
|
1420
Acushnet Holdings
GOLF
$5.93B
| $17.5M | 0.01% |
343,346
+308,649
| +890% | +$15M |
|
|
UNVR
1421
DELISTED
Univar Solutions Inc.
UNVR
| $17.5M | 0.01% |
498,617
+414,774
| +495% | +$14.1M |
|
1422
PUT
Transocean
RIG
$5.89B
| $17.4M | 0.01% |
2,742,300
+2,567,300
| +1,467% | +$16.5M |
|
|
VBTX
1423
DELISTED
Veritex Holdings
VBTX
| $17.4M | 0.01% |
953,834
+582,751
| +157% | +$14.9M |
|
1424
CALL
Dollar General
DG
$28B
| $17.4M | 0.01% |
82,700
-140,800
| -63% | -$31.6M |
|
1425
GoodRx Holdings
GDRX
$1.04B
| $17.4M | 0.01% |
2,783,370
-2,535,233
| -48% | -$14.1M |
|
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Millennium Management's Q1 2023 Portfolio in Review
As of Q1 2023, Millennium Management held 7,511 positions worth $174B, down 3.5% from $181B the previous quarter. Its ten largest holdings account for 25% of the portfolio.
Millennium Management withdrew a net $18.1B in Q1 2023, closing 1,210 positions and reducing 2,570 holdings. Its most notable exit was Apollo Global Management, an estimated $112M position sold in full.
By sector, the portfolio is most concentrated in Technology at 8.4% of assets, up from 8.2% a quarter earlier, followed by Healthcare and Financials.
Against the trend, Millennium Management opened a new position in Warner Bros worth $96.9M.
- Millennium Management's largest Q1 2023 buy was Warner Bros: 6,417,147 shares worth $96.9M.
- Millennium Management added most to Linde in Q1 2023, an estimated $374M increase.
- Millennium Management's biggest Q1 2023 reduction was Invesco QQQ Trust, cutting an estimated $1.09B.
- Millennium Management fully exited Apollo Global Management in Q1 2023, selling an estimated $112M.
- Millennium Management's ten largest holdings make up 25% of its $174B portfolio in Q1 2023.
- Millennium Management opened 988 new positions and closed 1,210 in Q1 2023.
- Millennium Management's portfolio value fell 3.5% quarter-over-quarter to $174B.
Based on Millennium Management's 13F filing for Q1 2023, filed 15 May 2023.