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 | |
|---|---|---|---|---|---|---|
1451
Preferred Bank
PFBC
$1.24B
| $21.2M | 0.01% |
290,267
+47,185
| +19% | +$3.07M |
|
1452
PUT
Electronic Arts
EA
$53B
| $21.2M | 0.01% |
154,600
-17,600
| -10% | -$2.33M |
|
1453
NMI Holdings
NMIH
$3.33B
| $21.1M | 0.01% |
709,776
+299,578
| +73% | +$8.36M |
|
1454
PUT
Suncor Energy
SU
$79.4B
| $21.1M | 0.01% |
496,600
+94,100
| +23% | +$3.07M |
|
1455
Medpace
MEDP
$16.1B
| $21.1M | 0.01% |
68,696
-1,271
| -2% | -$343K |
|
|
EVRI
1456
DELISTED
Everi Holdings
EVRI
| $21.1M | 0.01% |
1,868,064
+870,244
| +87% | +$9.81M |
|
1457
i3 Verticals
IIIV
$412M
| $21.1M | 0.01% |
994,364
+220,889
| +29% | +$4.43M |
|
1458
CALL
Etsy
ETSY
$7.75B
| $21M | 0.01% |
259,200
+81,700
| +46% | +$5.84M |
|
1459
PUT
D.R. Horton
DHI
$40B
| $21M | 0.01% |
138,200
+62,900
| +84% | +$7.74M |
|
1460
CALL
Zoom
ZM
$28.2B
| $21M | 0.01% |
292,000
+94,000
| +47% | +$6.22M |
|
1461
PUT
NetEase
NTES
$85.3B
| $20.9M | 0.01% |
224,500
-26,700
| -11% | -$2.84M |
|
1462
CALL
Novartis
NVS
$297B
| $20.9M | 0.01% |
206,600
+183,800
| +806% | +$17.7M |
|
1463
Banner Corp
BANR
$2.39B
| $20.9M | 0.01% |
390,175
-39,379
| -9% | -$1.81M |
|
|
BRDG
1464
DELISTED
Bridge Investment Group
BRDG
| $20.9M | 0.01% |
2,135,799
+1,165,620
| +120% | +$9.45M |
|
|
ROIC
1465
DELISTED
Retail Opportunity Investments Corp.
ROIC
| $20.9M | 0.01% |
1,488,815
-1,213,465
| -45% | -$15.3M |
|
1466
First Bancorp
FBP
$4.42B
| $20.9M | 0.01% |
1,269,025
+559,739
| +79% | +$8.27M |
|
1467
Nokia
NOK
$51B
| $20.9M | 0.01% |
6,101,529
+4,420,039
| +263% | +$15M |
|
1468
PUT
Baidu
BIDU
$37.7B
| $20.8M | 0.01% |
174,500
-37,500
| -18% | -$4.33M |
|
1469
Keros Therapeutics
KROS
$199M
| $20.8M | 0.01% |
522,128
+318,071
| +156% | +$9.97M |
|
1470
CALL
Cardinal Health
CAH
$53.9B
| $20.7M | 0.01% |
205,700
-283,700
| -58% | -$28.1M |
|
1471
CALL
CME Group
CME
$96.3B
| $20.7M | 0.01% |
98,400
-8,100
| -8% | -$1.73M |
|
|
NVO
1472
CALL
Novo Nordisk
NVO
$208B
| $20.7M | 0.01% |
200,000
-46,000
| -19% | -$4.55M |
|
1473
Texas Pacific Land
TPL
$27.8B
| $20.7M | 0.01% |
118,404
-137,025
| -54% | -$26M |
|
1474
PUT
Capri Holdings
CPRI
$1.83B
| $20.7M | 0.01% |
411,200
-60,500
| -13% | -$3.02M |
|
1475
Under Armour
UAA
$2.84B
| $20.6M | 0.01% |
2,342,976
+620,399
| +36% | +$4.77M |
|
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.