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 Bitcoin Trust
IBIT
|
+$651M |
| 2 |
Fidelity Wise Origin Bitcoin Fund
FBTC
|
+$622M |
| 3 |
Merck
MRK
|
+$496M |
| 4 |
Adobe
ADBE
|
+$446M |
| 5 |
CRH
CRH
|
+$410M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares Core S&P 500 ETF
IVV
|
+$4.33B |
| 2 |
Microsoft
MSFT
|
+$965M |
| 3 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$542M |
| 4 |
NVIDIA
NVDA
|
+$522M |
| 5 |
Linde
LIN
|
+$377M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 8.55% |
| 2 | Healthcare | 6.96% |
| 3 | Financials | 6.02% |
| 4 | Industrials | 5.05% |
| 5 | Consumer Discretionary | 4.78% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1551
CNO Financial Group
CNO
$5.2B
| $18.6M | 0.01% |
678,060
+311,439
| +85% | +$8.41M |
|
1552
Ryanair
RYAAY
$30.5B
| $18.6M | 0.01% |
319,955
+208,997
| +188% | +$11.4M |
|
1553
Klaviyo
KVYO
$5.44B
| $18.6M | 0.01% |
729,636
+377,606
| +107% | +$10.1M |
|
|
SNV
1554
DELISTED
Synovus
SNV
| $18.6M | 0.01% |
463,447
-451,559
| -49% | -$17M |
|
1555
Aaon
AAON
$7.54B
| $18.5M | 0.01% |
210,208
+83,880
| +66% | +$6.57M |
|
1556
CALL
Blackstone
BX
$103B
| $18.5M | 0.01% |
140,800
-163,600
| -54% | -$20.4M |
|
1557
Martin Marietta Materials
MLM
$32B
| $18.5M | 0.01% |
30,085
+10,925
| +57% | +$5.96M |
|
1558
Jack Henry & Associates
JKHY
$10.8B
| $18.4M | 0.01% |
105,756
-365,592
| -78% | -$62.2M |
|
1559
DigitalBridge
DBRG
$2.93B
| $18.4M | 0.01% |
952,908
+823,703
| +638% | +$15.5M |
|
1560
Boise Cascade
BCC
$2.67B
| $18.4M | 0.01% |
119,653
+52,405
| +78% | +$7.08M |
|
|
KLG
1561
DELISTED
WK Kellogg Co
KLG
| $18.3M | 0.01% |
975,534
-117,510
| -11% | -$1.71M |
|
1562
RxSight
RXST
$250M
| $18.3M | 0.01% |
354,754
+32,150
| +10% | +$1.58M |
|
1563
PUT
Floor & Decor
FND
$6.35B
| $18.3M | 0.01% |
141,000
+60,000
| +74% | +$6.81M |
|
1564
Xencor
XNCR
$1.49B
| $18.2M | 0.01% |
822,976
+472,762
| +135% | +$10.2M |
|
1565
PUT
KKR & Co
KKR
$90.3B
| $18.2M | 0.01% |
180,800
-132,600
| -42% | -$12.2M |
|
1566
Tidewater
TDW
$3.73B
| $18.2M | 0.01% |
197,489
+182,354
| +1,205% | +$13.6M |
|
1567
CALL
Waste Management
WM
$90.4B
| $18.2M | 0.01% |
85,200
+12,000
| +16% | +$2.36M |
|
1568
MDU Resources
MDU
$4.18B
| $18.2M | 0.01% |
1,300,528
-1,145,030
| -47% | -$13.2M |
|
1569
Ambev
ABEV
$47.9B
| $18.1M | 0.01% |
7,312,782
+2,266,407
| +45% | +$5.9M |
|
1570
Amgen
AMGN
$208B
| $18.1M | 0.01% |
63,519
-199,303
| -76% | -$58.3M |
|
1571
PUT
Air Products & Chemicals
APD
$65.3B
| $18M | 0.01% |
74,400
-10,100
| -12% | -$2.47M |
|
1572
Edison International
EIX
$28.5B
| $18M | 0.01% |
254,583
-224,441
| -47% | -$15.3M |
|
1573
Rapid7
RPD
$653M
| $18M | 0.01% |
366,649
+101,796
| +38% | +$5.59M |
|
1574
Newmark Group
NMRK
$2.66B
| $18M | 0.01% |
1,618,630
+71,560
| +5% | +$749K |
|
1575
Federal Agricultural Mortgage
AGM
$2.43B
| $17.9M | 0.01% |
91,116
+24,316
| +36% | +$4.52M |
|
Similar funds
Millennium Management's Q1 2024 Portfolio in Review
As of Q1 2024, Millennium Management held 6,887 positions worth $234B, up 1.3% from $231B the previous quarter. Its ten largest holdings account for 17% of the portfolio.
Millennium Management withdrew a net $25.1B in Q1 2024, closing 745 positions and reducing 2,484 holdings. Its most notable exit was Splunk Inc, an estimated $319M position sold in full.
By sector, the portfolio is most concentrated in Technology at 8.5% of assets, up from 8.3% a quarter earlier, followed by Healthcare and Financials.
Against the trend, Millennium Management opened a new position in iShares Bitcoin Trust worth $844M.
- Millennium Management's largest Q1 2024 buy was iShares Bitcoin Trust: 20,859,447 shares worth $844M.
- Millennium Management added most to Merck in Q1 2024, an estimated $496M increase.
- Millennium Management's biggest Q1 2024 reduction was iShares Core S&P 500 ETF, cutting an estimated $4.33B.
- Millennium Management fully exited Splunk Inc in Q1 2024, selling an estimated $319M.
- Millennium Management's ten largest holdings make up 17% of its $234B portfolio in Q1 2024.
- Millennium Management opened 858 new positions and closed 745 in Q1 2024.
- Millennium Management's portfolio value rose 1.3% quarter-over-quarter to $234B.
Based on Millennium Management's 13F filing for Q1 2024, filed 15 May 2024.