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 | |
|---|---|---|---|---|---|---|
1426
Kennametal
KMT
$2.59B
| $17.3M | 0.01% |
628,536
+608,889
| +3,099% | +$16.8M |
|
1427
PUT
Spectrum Brands
SPB
$2.04B
| $17.3M | 0.01% |
261,300
+211,300
| +423% | +$13.3M |
|
1428
ATI
ATI
$25.6B
| $17.3M | 0.01% |
438,047
-579,678
| -57% | -$21.9M |
|
1429
Target
TGT
$65.6B
| $17.3M | 0.01% |
104,337
-627,879
| -86% | -$103M |
|
1430
Employers Holdings
EIG
$908M
| $17.3M | 0.01% |
414,435
-72,357
| -15% | -$3.1M |
|
1431
CALL
iShares MSCI Taiwan ETF
EWT
$9.86B
| $17.2M | 0.01% |
380,000
-586,500
| -61% | -$25.9M |
|
1432
UGI
UGI
$7.74B
| $17.2M | 0.01% |
495,166
+483,688
| +4,214% | +$18.3M |
|
|
RDUS
1433
DELISTED
Radius Recycling
RDUS
| $17.2M | 0.01% |
552,375
+165,527
| +43% | +$5.37M |
|
1434
KKR & Co
KKR
$91.1B
| $17.2M | 0.01% |
326,604
+91,054
| +39% | +$4.89M |
|
1435
Penske Automotive Group
PAG
$14.3B
| $17.1M | 0.01% |
120,852
+20,161
| +20% | +$2.68M |
|
|
1436
iShares MSCI Taiwan ETF
EWT
$9.86B
| $17.1M | 0.01% |
+377,964
| New | +$16.7M |
|
1437
American States Water
AWR
$3.36B
| $17.1M | 0.01% |
192,629
+14,923
| +8% | +$1.36M |
|
|
IRBT
1438
PUT
DELISTED
iRobot
IRBT
| $17.1M | 0.01% |
391,500
+196,400
| +101% | +$8.7M |
|
1439
Shoals Technologies Group
SHLS
$1.47B
| $17.1M | 0.01% |
749,520
-74,966
| -9% | -$1.85M |
|
|
SPTN
1440
DELISTED
SpartanNash
SPTN
| $17M | 0.01% |
687,380
+617,948
| +890% | +$17.8M |
|
|
FOCS
1441
DELISTED
Focus Financial Partners Inc. Class A
FOCS
| $17M | 0.01% |
328,588
+277,690
| +546% | +$13.4M |
|
1442
Stevanato
STVN
$5.42B
| $17M | 0.01% |
657,748
-375,823
| -36% | -$8.06M |
|
1443
Janus International
JBI
$700M
| $17M | 0.01% |
1,724,229
+14,481
| +0.8% | +$151K |
|
1444
TFI International
TFII
$11.1B
| $17M | 0.01% |
142,490
-127,850
| -47% | -$14.9M |
|
1445
Expeditors International
EXPD
$22B
| $17M | 0.01% |
154,186
+85,607
| +125% | +$9.3M |
|
1446
CNO Financial Group
CNO
$5.14B
| $17M | 0.01% |
765,120
+103,101
| +16% | +$2.46M |
|
1447
CALL
S&P Global
SPGI
$121B
| $17M | 0.01% |
49,200
-40,500
| -45% | -$14.3M |
|
|
GHIX
1448
DELISTED
Gores Holdings IX, Inc. Class A Common Stock
GHIX
| $16.9M | 0.01% |
1,680,000
| – | – |
|
1449
Alarm.com
ALRM
$2.71B
| $16.9M | 0.01% |
336,420
-29,722
| -8% | -$1.53M |
|
1450
PUT
Hershey
HSY
$35.2B
| $16.9M | 0.01% |
+66,400
| New | +$15.6M |
|
Similar funds
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.