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 |
DRE
Duke Realty Corp.
DRE
|
+$886M |
| 2 |
Chevron
CVX
|
+$595M |
| 3 |
Union Pacific
UNP
|
+$360M |
| 4 |
Baxter International
BAX
|
+$276M |
| 5 |
Xcel Energy
XEL
|
+$252M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Invesco QQQ Trust
QQQ
|
+$520M |
| 2 |
NXP Semiconductors
NXPI
|
+$248M |
| 3 |
Oracle
ORCL
|
+$242M |
| 4 |
Amgen
AMGN
|
+$197M |
| 5 |
Eli Lilly
LLY
|
+$186M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 8.12% |
| 2 | Technology | 7.86% |
| 3 | Healthcare | 6.8% |
| 4 | Industrials | 5.01% |
| 5 | Consumer Discretionary | 4.23% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1501
Merit Medical Systems
MMSI
$5.32B
| $16.8M | 0.01% |
296,484
-26,088
| -8% | -$1.5M |
|
1502
Cavco Industries
CVCO
$4.55B
| $16.7M | 0.01% |
81,315
-22,015
| -21% | -$5.22M |
|
1503
PUT
Arista Networks
ANET
$238B
| $16.7M | 0.01% |
592,800
+562,800
| +1,876% | +$16.2M |
|
1504
BioCryst Pharmaceuticals
BCRX
$2.4B
| $16.7M | 0.01% |
1,326,442
-622,153
| -32% | -$8.01M |
|
1505
PUT
Southwest Airlines
LUV
$23B
| $16.7M | 0.01% |
541,900
+1,400
| +0.3% | +$52.4K |
|
|
NCAC
1506
DELISTED
Newcourt Acquisition Corp Class A Ordinary Share
NCAC
| $16.7M | 0.01% |
1,647,630
+93,750
| +6% | +$946K |
|
|
ABMD
1507
CALL
DELISTED
Abiomed Inc
ABMD
| $16.7M | 0.01% |
68,000
+16,400
| +32% | +$4.43M |
|
1508
Moog Inc Class A
MOG.A
$12.8B
| $16.7M | 0.01% |
237,436
+155,651
| +190% | +$12.4M |
|
1509
CarGurus
CARG
$3.47B
| $16.7M | 0.01% |
1,178,512
+474,056
| +67% | +$9.61M |
|
1510
Caterpillar
CAT
$387B
| $16.7M | 0.01% |
101,737
-185,725
| -65% | -$33.9M |
|
|
AXNX
1511
DELISTED
Axonics, Inc. Common Stock
AXNX
| $16.7M | 0.01% |
236,683
-448,329
| -65% | -$30.9M |
|
|
DISA
1512
DELISTED
Disruptive Acquisition Corporation I Class A Ordinary Shares
DISA
| $16.7M | 0.01% |
1,681,508
+255,723
| +18% | +$2.52M |
|
1513
CALL
Domino's
DPZ
$11.6B
| $16.6M | 0.01% |
53,600
+27,900
| +109% | +$10.6M |
|
1514
XPeng
XPEV
$11.6B
| $16.6M | 0.01% |
1,390,640
+1,155,123
| +490% | +$24.9M |
|
|
BRG
1515
DELISTED
Bluerock Residential Growth REIT, Inc.
BRG
| $16.6M | 0.01% |
620,928
+14,998
| +2% | +$395K |
|
|
SUMO
1516
DELISTED
Sumo Logic, Inc. Common Stock
SUMO
| $16.6M | 0.01% |
2,212,356
-267,785
| -11% | -$2.14M |
|
1517
PUT
Seagate
STX
$184B
| $16.6M | 0.01% |
311,600
-89,200
| -22% | -$6.45M |
|
1518
Abercrombie & Fitch
ANF
$5B
| $16.6M | 0.01% |
1,065,782
-56,066
| -5% | -$968K |
|
|
UNIT
1519
Uniti Group
UNIT
$2.32B
| $16.6M | 0.01% |
2,383,672
+2,292,331
| +2,510% | +$21.3M |
|
1520
Viper Energy
VNOM
$14.7B
| $16.6M | 0.01% |
577,858
-360,053
| -38% | -$10.5M |
|
1521
KB Home
KBH
$3.59B
| $16.6M | 0.01% |
638,515
+114,304
| +22% | +$3.44M |
|
1522
Nice
NICE
$5.97B
| $16.5M | 0.01% |
87,888
-52,048
| -37% | -$10.9M |
|
1523
Kirby Corp
KEX
$6.93B
| $16.5M | 0.01% |
272,166
+54,971
| +25% | +$3.52M |
|
1524
CALL
Oneok
OKE
$54.5B
| $16.5M | 0.01% |
322,800
+300,200
| +1,328% | +$17.9M |
|
|
GFGD
1525
DELISTED
The Growth for Good Acquisition Corporation Class A Ordinary Shares
GFGD
| $16.5M | 0.01% |
1,674,269
+258,498
| +18% | +$2.53M |
|
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Millennium Management's Q3 2022 Portfolio in Review
As of Q3 2022, Millennium Management held 7,917 positions worth $169B, up 4.9% from $161B the previous quarter. Its ten largest holdings account for 23% of the portfolio.
Millennium Management deployed $14.7B of net new capital in Q3 2022, opening 1,007 new positions and adding to 2,598 existing holdings. Its largest new stake was Rockwell Automation: 953,525 shares worth $205M.
By sector, the portfolio is most concentrated in Financials at 8.1% of assets, up from 7.6% a quarter earlier, followed by Technology and Healthcare.
On the sell side, the largest reduction was Invesco QQQ Trust, an estimated $520M trimmed.
- Millennium Management's largest Q3 2022 buy was Rockwell Automation: 953,525 shares worth $205M.
- Millennium Management added most to Duke Realty Corp. in Q3 2022, an estimated $886M increase.
- Millennium Management's biggest Q3 2022 reduction was Invesco QQQ Trust, cutting an estimated $520M.
- Millennium Management fully exited Coherent Inc in Q3 2022, selling an estimated $114M.
- Millennium Management's ten largest holdings make up 23% of its $169B portfolio in Q3 2022.
- Millennium Management opened 1,007 new positions and closed 906 in Q3 2022.
- Millennium Management's portfolio value rose 4.9% quarter-over-quarter to $169B.
Based on Millennium Management's 13F filing for Q3 2022, filed 14 Nov 2022.