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 |
Invesco QQQ Trust
QQQ
|
+$917M |
| 2 |
Salesforce
CRM
|
+$378M |
| 3 |
Boeing
BA
|
+$297M |
| 4 |
DexCom
DXCM
|
+$292M |
| 5 |
Amazon
AMZN
|
+$267M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
DRE
Duke Realty Corp.
DRE
|
+$779M |
| 2 |
Chevron
CVX
|
+$569M |
| 3 |
Home Depot
HD
|
+$292M |
| 4 |
PepsiCo
PEP
|
+$259M |
| 5 |
Chubb
CB
|
+$248M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 8.23% |
| 2 | Healthcare | 7.53% |
| 3 | Financials | 7.5% |
| 4 | Industrials | 5.83% |
| 5 | Consumer Discretionary | 5.36% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
126
CME Group
CME
$96.1B
| $214M | 0.12% |
1,271,788
+835,381
| +191% | +$145M |
|
127
Marathon Petroleum
MPC
$100B
| $214M | 0.12% |
1,837,359
-600,431
| -25% | -$68.4M |
|
128
CALL
Citigroup
C
$234B
| $213M | 0.12% |
4,703,600
-603,200
| -11% | -$27.4M |
|
129
Eaton
ETN
$176B
| $212M | 0.12% |
1,348,331
+807,937
| +150% | +$124M |
|
130
CALL
State Street Industrial Select Sector SPDR ETF
XLI
$34.8B
| $212M | 0.12% |
2,154,600
-733,900
| -25% | -$69.9M |
|
131
NiSource
NI
$20.3B
| $211M | 0.12% |
7,704,805
+5,544,787
| +257% | +$146M |
|
|
VMW
132
DELISTED
VMware, Inc
VMW
| $210M | 0.12% |
1,710,438
-65,770
| -4% | -$7.58M |
|
133
Skyworks Solutions
SWKS
$10.6B
| $208M | 0.12% |
2,287,255
+617,122
| +37% | +$55.3M |
|
134
CALL
McDonald's
MCD
$195B
| $208M | 0.12% |
788,600
+130,200
| +20% | +$34.3M |
|
135
PUT
Gilead Sciences
GILD
$170B
| $206M | 0.11% |
2,401,900
+651,200
| +37% | +$51.6M |
|
136
PUT
State Street Consumer Discretionary Select Sector SPDR ETF
XLY
$23.6B
| $205M | 0.11% |
3,181,400
+2,224,800
| +233% | +$155M |
|
137
CALL
State Street Consumer Staples Select Sector SPDR ETF
XLP
$14.9B
| $203M | 0.11% |
2,718,500
+123,500
| +5% | +$9M |
|
138
Johnson Controls International
JCI
$92.2B
| $202M | 0.11% |
3,151,738
+882,686
| +39% | +$54M |
|
139
PUT
Morgan Stanley
MS
$341B
| $201M | 0.11% |
2,369,400
-378,900
| -14% | -$32.3M |
|
140
General Dynamics
GD
$107B
| $201M | 0.11% |
808,326
+560,395
| +226% | +$137M |
|
141
PUT
Valero Energy
VLO
$99.3B
| $200M | 0.11% |
1,578,400
+40,900
| +3% | +$5.13M |
|
142
Evergy
EVRG
$19.3B
| $198M | 0.11% |
3,150,082
+2,859,476
| +984% | +$172M |
|
143
Canadian National Railway
CNI
$77.4B
| $196M | 0.11% |
1,645,182
-666,911
| -29% | -$79.7M |
|
144
CALL
Alibaba
BABA
$298B
| $195M | 0.11% |
2,216,400
-1,605,200
| -42% | -$127M |
|
145
PUT
Texas Instruments
TXN
$253B
| $195M | 0.11% |
1,178,900
+682,500
| +137% | +$114M |
|
146
State Street Health Care Select Sector SPDR ETF
XLV
$43.7B
| $193M | 0.11% |
1,421,702
+1,213,094
| +582% | +$161M |
|
147
CALL
Bristol-Myers Squibb
BMY
$130B
| $192M | 0.11% |
2,667,900
+1,170,500
| +78% | +$88.3M |
|
148
UnitedHealth
UNH
$360B
| $192M | 0.11% |
361,297
+111,305
| +45% | +$59M |
|
149
CALL
Wells Fargo
WFC
$268B
| $190M | 0.11% |
4,605,800
+1,338,900
| +41% | +$59.3M |
|
150
Union Pacific
UNP
$178B
| $190M | 0.11% |
916,928
-892,284
| -49% | -$183M |
|
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Millennium Management's Q4 2022 Portfolio in Review
As of Q4 2022, Millennium Management held 7,859 positions worth $181B, up 6.9% from $169B the previous quarter. Its ten largest holdings account for 20% of the portfolio.
Millennium Management's Q4 2022 filing shows 848 new, 2,517 increased, 2,492 reduced and 1,332 closed positions. Its largest new stake was Keurig Dr Pepper: 4,680,704 shares worth $167M. The largest sale was Duke Realty Corp., an estimated $779M.
By sector, the portfolio is most concentrated in Technology at 8.2% of assets, up from 7.9% a quarter earlier, followed by Healthcare and Financials.
- Millennium Management's largest Q4 2022 buy was Keurig Dr Pepper: 4,680,704 shares worth $167M.
- Millennium Management added most to Invesco QQQ Trust in Q4 2022, an estimated $917M increase.
- Millennium Management's biggest Q4 2022 reduction was Chevron, cutting an estimated $569M.
- Millennium Management fully exited Duke Realty Corp. in Q4 2022, selling an estimated $779M.
- Millennium Management's ten largest holdings make up 20% of its $181B portfolio in Q4 2022.
- Millennium Management opened 848 new positions and closed 1,332 in Q4 2022.
- Millennium Management's portfolio value rose 6.9% quarter-over-quarter to $181B.
Based on Millennium Management's 13F filing for Q4 2022, filed 14 Feb 2023.