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 | |
|---|---|---|---|---|---|---|
|
ROIC
1651
DELISTED
Retail Opportunity Investments Corp.
ROIC
| $16.3M | 0.01% |
1,268,454
-220,361
| -15% | -$2.93M |
|
1652
PUT
AES
AES
$10.5B
| $16.3M | 0.01% |
906,600
+893,100
| +6,616% | +$14.9M |
|
1653
Sea Limited
SE
$65.4B
| $16.3M | 0.01% |
302,648
-308,810
| -51% | -$14.2M |
|
1654
Syndax Pharmaceuticals
SNDX
$1.69B
| $16.2M | 0.01% |
681,874
-260,768
| -28% | -$5.82M |
|
1655
Affiliated Managers Group
AMG
$9.69B
| $16.2M | 0.01% |
96,684
-209,061
| -68% | -$32.5M |
|
1656
Altimmune
ALT
$552M
| $16.2M | 0.01% |
1,590,150
+1,416,009
| +813% | +$14.4M |
|
1657
PUT
Vertex Pharmaceuticals
VRTX
$121B
| $16.2M | 0.01% |
38,700
-67,100
| -63% | -$28.4M |
|
1658
Unifirst Corp
UNF
$5.3B
| $16.2M | 0.01% |
93,219
+15,205
| +19% | +$2.58M |
|
1659
Vanguard Morningstar Value ETF
VTV
$188B
| $16.2M | 0.01% |
99,195
+64,586
| +187% | +$9.96M |
|
1660
CALL
Air Products & Chemicals
APD
$65.7B
| $16.1M | 0.01% |
66,600
+61,600
| +1,232% | +$15.1M |
|
1661
Enphase Energy
ENPH
$4.96B
| $16.1M | 0.01% |
133,029
-61,072
| -31% | -$7.13M |
|
1662
CALL
Ross Stores
ROST
$80.5B
| $16.1M | 0.01% |
109,400
-29,400
| -21% | -$4.21M |
|
1663
SAP
SAP
$212B
| $16M | 0.01% |
+82,248
| New | +$14.6M |
|
1664
H.B. Fuller
FUL
$2.97B
| $16M | 0.01% |
200,809
+17,575
| +10% | +$1.38M |
|
1665
Banner Corp
BANR
$2.39B
| $16M | 0.01% |
333,445
-56,730
| -15% | -$2.66M |
|
1666
Rayonier
RYN
$6.55B
| $16M | 0.01% |
529,618
+332,877
| +169% | +$9.94M |
|
1667
EXL Service
EXLS
$5.14B
| $15.9M | 0.01% |
501,393
+35,543
| +8% | +$1.11M |
|
1668
CALL
Palantir
PLTR
$295B
| $15.9M | 0.01% |
691,800
+475,000
| +219% | +$10.1M |
|
1669
PUT
Whirlpool
WHR
$2.43B
| $15.9M | 0.01% |
132,800
-8,700
| -6% | -$970K |
|
1670
PUT
Logitech
LOGI
$14.7B
| $15.9M | 0.01% |
196,500
-691,300
| -78% | -$61.8M |
|
1671
Cogent Biosciences
COGT
$6.65B
| $15.8M | 0.01% |
2,355,926
-441,318
| -16% | -$2.73M |
|
1672
Xtrackers Harvest CSI 300 China A-Shares ETF
ASHR
$1.54B
| $15.8M | 0.01% |
656,909
-732,421
| -53% | -$17.2M |
|
1673
CALL
Ralph Lauren
RL
$22.6B
| $15.8M | 0.01% |
84,200
-3,400
| -4% | -$563K |
|
1674
Huron Consulting
HURN
$2.41B
| $15.8M | 0.01% |
163,598
-66,678
| -29% | -$6.76M |
|
1675
IMAX
IMAX
$2.62B
| $15.8M | 0.01% |
975,685
-818,559
| -46% | -$12.4M |
|
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.