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 | |
|---|---|---|---|---|---|---|
1651
KBR
KBR
$4.62B
| $13.6M | 0.01% |
246,499
-700,140
| -74% | -$36.6M |
|
1652
PUT
Edwards Lifesciences
EW
$49.6B
| $13.5M | 0.01% |
163,700
+113,700
| +227% | +$8.94M |
|
1653
RLJ Lodging Trust
RLJ
$1.86B
| $13.5M | 0.01% |
1,275,822
-397,893
| -24% | -$4.47M |
|
1654
Pennant Group
PNTG
$1.4B
| $13.5M | 0.01% |
946,539
+176,582
| +23% | +$2.21M |
|
|
LKFT
1655
Lakefront Biotherapeutics American Depositary Shares
LKFT
$1.78B
| $13.5M | 0.01% |
349,695
-5,660
| -2% | -$233K |
|
1656
Workiva
WK
$3.36B
| $13.5M | 0.01% |
131,663
+96,260
| +272% | +$8.72M |
|
1657
Petrobras Class A
PBR.A
$111B
| $13.5M | 0.01% |
1,451,977
-3,998,393
| -73% | -$38.6M |
|
|
AAC
1658
DELISTED
Ares Acquisition Corporation
AAC
| $13.4M | 0.01% |
1,302,846
-609,216
| -32% | -$6.22M |
|
1659
PUT
Uber
UBER
$143B
| $13.4M | 0.01% |
424,100
+129,400
| +44% | +$4.1M |
|
1660
Eagle Bancorp
EGBN
$846M
| $13.4M | 0.01% |
401,148
-5,673
| -1% | -$242K |
|
1661
iPath Series B S&P 500 VIX Short-Term Futures ETN
VXX
$154M
| $13.4M | 0.01% |
74,709
+50,374
| +207% | +$9.75M |
|
1662
IAMGOLD
IAG
$8.2B
| $13.4M | 0.01% |
4,934,468
+1,048,690
| +27% | +$2.67M |
|
1663
ONE Gas
OGS
$4.87B
| $13.3M | 0.01% |
168,502
+79,969
| +90% | +$6.34M |
|
1664
Agilon Health
AGL
$1.53B
| $13.3M | 0.01% |
+22,477
| New | +$12.6M |
|
1665
Ezcorp Inc
EZPW
$1.83B
| $13.3M | 0.01% |
1,550,715
+761,283
| +96% | +$6.69M |
|
|
BNY
1666
PUT
Bank of New York Mellon
BNY
$106B
| $13.3M | 0.01% |
292,200
+216,500
| +286% | +$10.5M |
|
1667
CALL
Air Products & Chemicals
APD
$65.7B
| $13.3M | 0.01% |
46,200
-12,800
| -22% | -$3.74M |
|
|
APGB
1668
DELISTED
Apollo Strategic Growth Capital II
APGB
| $13.2M | 0.01% |
1,292,454
-1,743,077
| -57% | -$17.7M |
|
1669
M/I Homes
MHO
$3.74B
| $13.2M | 0.01% |
209,559
+43,617
| +26% | +$2.51M |
|
1670
PUT
Welltower
WELL
$169B
| $13.2M | 0.01% |
184,200
+149,400
| +429% | +$10.8M |
|
1671
CALL
TC Energy
TRP
$70.2B
| $13.2M | 0.01% |
251,200
-250,300
| -50% | -$10.2M |
|
1672
Turning Point Brands
TPB
$1.45B
| $13.2M | 0.01% |
627,375
-28,833
| -4% | -$634K |
|
1673
Sprinklr
CXM
$1.49B
| $13.2M | 0.01% |
1,015,817
+123,408
| +14% | +$1.25M |
|
1674
First Trust Financials AlphaDEX Fund
FXO
$1.13B
| $13.1M | 0.01% |
+351,614
| New | +$14.8M |
|
1675
Sprout Social
SPT
$516M
| $13.1M | 0.01% |
+215,138
| New | +$13.2M |
|
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.