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 Core S&P 500 ETF
IVV
|
+$4.37B |
| 2 |
State Street SPDR Dow Jones Industrial Average ETF Trust
DIA
|
+$488M |
| 3 |
PXD
Pioneer Natural Resource Co.
PXD
|
+$449M |
| 4 |
Apple
AAPL
|
+$402M |
| 5 |
HES
Hess
HES
|
+$377M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$2.47B |
| 2 |
ATVI
Activision Blizzard
ATVI
|
+$1.44B |
| 3 |
NVIDIA
NVDA
|
+$783M |
| 4 |
iShares Russell 2000 ETF
IWM
|
+$722M |
| 5 |
SGEN
Seagen Inc. Common Stock
SGEN
|
+$650M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 8.34% |
| 2 | Healthcare | 6.09% |
| 3 | Financials | 5% |
| 4 | Consumer Discretionary | 4.53% |
| 5 | Industrials | 4.46% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1401
Illumina
ILMN
$31B
| $22.8M | 0.01% |
168,009
+136,755
| +438% | +$15.8M |
|
1402
CALL
Moderna
MRNA
$21.8B
| $22.7M | 0.01% |
228,300
-34,000
| -13% | -$2.86M |
|
1403
Columbia Sportswear
COLM
$3.04B
| $22.7M | 0.01% |
285,307
+244,430
| +598% | +$18.6M |
|
1404
CALL
KraneShares CSI China Internet ETF
KWEB
$5.64B
| $22.7M | 0.01% |
840,000
+28,000
| +3% | +$759K |
|
1405
iPath Series B S&P 500 VIX Short-Term Futures ETN
VXX
$154M
| $22.6M | 0.01% |
364,575
+353,166
| +3,096% | +$28.5M |
|
1406
Atlantic Union Bankshares
AUB
$6.02B
| $22.6M | 0.01% |
619,281
-237,921
| -28% | -$7.49M |
|
1407
CALL
General Dynamics
GD
$104B
| $22.6M | 0.01% |
87,100
-33,100
| -28% | -$8.07M |
|
1408
Gaming and Leisure Properties
GLPI
$12.7B
| $22.6M | 0.01% |
458,063
+329,533
| +256% | +$15.3M |
|
1409
PUT
Atlassian
TEAM
$25.6B
| $22.6M | 0.01% |
95,000
+23,200
| +32% | +$4.55M |
|
1410
State Street SPDR S&P Regional Banking ETF
KRE
$4.5B
| $22.6M | 0.01% |
430,694
+249,112
| +137% | +$11.1M |
|
1411
Alcon
ALC
$33.6B
| $22.5M | 0.01% |
288,306
-448,025
| -61% | -$33.1M |
|
1412
ReNew
RNW
$2.27B
| $22.5M | 0.01% |
2,932,876
+93,187
| +3% | +$574K |
|
1413
Corcept Therapeutics
CORT
$12.4B
| $22.4M | 0.01% |
690,076
-113,275
| -14% | -$3.11M |
|
1414
Enact Holdings
ACT
$6.61B
| $22.4M | 0.01% |
775,814
+135,196
| +21% | +$3.77M |
|
1415
Avnet
AVT
$7.29B
| $22.4M | 0.01% |
444,169
-644,675
| -59% | -$30.7M |
|
1416
CALL
Capital One
COF
$128B
| $22.4M | 0.01% |
170,500
+59,300
| +53% | +$6.4M |
|
1417
Barclays
BCS
$92.7B
| $22.4M | 0.01% |
2,836,314
+2,202,947
| +348% | +$15.9M |
|
1418
iShares Biotechnology ETF
IBB
$9.34B
| $22.3M | 0.01% |
164,458
-109,947
| -40% | -$13.4M |
|
1419
CALL
Canadian Natural Resources
CNQ
$99.4B
| $22.2M | 0.01% |
564,400
+416,800
| +282% | +$13.5M |
|
1420
BorgWarner
BWA
$13.1B
| $22.2M | 0.01% |
619,482
-570,574
| -48% | -$20.4M |
|
1421
CALL
Dow Inc
DOW
$21.9B
| $22.2M | 0.01% |
404,900
+114,500
| +39% | +$5.85M |
|
1422
Outfront Media
OUT
$5.61B
| $22.2M | 0.01% |
1,614,937
+388,863
| +32% | +$4.39M |
|
1423
Hess Midstream
HESM
$5.24B
| $22.2M | 0.01% |
700,396
+349,841
| +100% | +$10.7M |
|
1424
Republic Services
RSG
$64.8B
| $22.1M | 0.01% |
134,124
+7,916
| +6% | +$1.23M |
|
1425
Zillow
Z
$7.79B
| $22.1M | 0.01% |
381,643
+11,488
| +3% | +$506K |
|
Similar funds
Millennium Management's Q4 2023 Portfolio in Review
As of Q4 2023, Millennium Management held 6,891 positions worth $231B, up 17% from $198B the previous quarter. Its ten largest holdings account for 21% of the portfolio.
Millennium Management deployed $7.99B of net new capital in Q4 2023, opening 816 new positions and adding to 2,304 existing holdings. Its largest new stake was Ferguson: 906,589 shares worth $175M.
By sector, the portfolio is most concentrated in Technology at 8.3% of assets, down from 9.2% a quarter earlier, followed by Healthcare and Financials.
On the sell side, the largest reduction was State Street SPDR S&P 500 ETF Trust, an estimated $2.47B trimmed.
- Millennium Management's largest Q4 2023 buy was Ferguson: 906,589 shares worth $175M.
- Millennium Management added most to iShares Core S&P 500 ETF in Q4 2023, an estimated $4.37B increase.
- Millennium Management's biggest Q4 2023 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $2.47B.
- Millennium Management fully exited Activision Blizzard in Q4 2023, selling an estimated $1.44B.
- Millennium Management's ten largest holdings make up 21% of its $231B portfolio in Q4 2023.
- Millennium Management opened 816 new positions and closed 883 in Q4 2023.
- Millennium Management's portfolio value rose 17% quarter-over-quarter to $231B.
Based on Millennium Management's 13F filing for Q4 2023, filed 14 Feb 2024.