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 | |
|---|---|---|---|---|---|---|
|
151
PUT
Union Pacific
UNP
$183B
| $165M | 0.1% |
844,900
-234,300
| -22% | -$51.8M |
|
152
Altria Group
MO
$122B
| $164M | 0.1% |
4,071,581
+271,515
| +7% | +$11.8M |
|
153
PUT
Valero Energy
VLO
$89.8B
| $164M | 0.1% |
1,537,500
-279,700
| -15% | -$30.8M |
|
|
TWTR
154
PUT
DELISTED
Twitter, Inc.
TWTR
| $163M | 0.1% |
3,714,900
+766,200
| +26% | +$31.2M |
|
155
State Street Consumer Discretionary Select Sector SPDR ETF
XLY
$21.4B
| $163M | 0.1% |
2,283,690
+1,055,526
| +86% | +$82.6M |
|
156
State Street Utilities Select Sector SPDR ETF
XLU
$24.1B
| $162M | 0.1% |
4,944,838
+4,517,226
| +1,056% | +$166M |
|
157
TransDigm Group
TDG
$69.2B
| $161M | 0.1% |
306,522
+209,583
| +216% | +$125M |
|
158
Albemarle
ALB
$13.5B
| $160M | 0.09% |
603,396
+70,991
| +13% | +$18.1M |
|
159
BioMarin Pharmaceuticals
BMRN
$11.5B
| $159M | 0.09% |
1,874,272
+348,269
| +23% | +$31M |
|
|
160
PUT
Eli Lilly
LLY
$1.07T
| $159M | 0.09% |
490,300
-8,800
| -2% | -$2.79M |
|
161
Zscaler
ZS
$23B
| $158M | 0.09% |
964,191
+632,914
| +191% | +$104M |
|
162
Nike
NKE
$61.9B
| $157M | 0.09% |
1,892,169
+669,718
| +55% | +$72.1M |
|
163
CDW
CDW
$17.1B
| $157M | 0.09% |
1,005,200
+644,648
| +179% | +$111M |
|
164
Analog Devices
ADI
$181B
| $156M | 0.09% |
1,122,187
+661,338
| +144% | +$105M |
|
165
Carlisle Companies
CSL
$13.6B
| $156M | 0.09% |
555,679
+364,384
| +190% | +$104M |
|
166
Delta Air Lines
DAL
$55.9B
| $156M | 0.09% |
5,543,969
+1,070,801
| +24% | +$34M |
|
167
Lam Research
LRCX
$382B
| $154M | 0.09% |
4,220,720
+3,957,080
| +1,501% | +$176M |
|
168
PUT
United Airlines
UAL
$38.4B
| $154M | 0.09% |
4,741,900
-3,106,800
| -40% | -$116M |
|
169
Biohaven
BHVN
$2.16B
| $153M | 0.09% |
+1,034,932
| New | +$7.51M |
|
170
Medtronic
MDT
$107B
| $153M | 0.09% |
1,889,703
+482,775
| +34% | +$43.4M |
|
|
DFS
171
DELISTED
Discover Financial Services
DFS
| $152M | 0.09% |
1,673,491
+1,095,270
| +189% | +$111M |
|
172
CALL
McDonald's
MCD
$188B
| $152M | 0.09% |
658,400
+85,500
| +15% | +$21.9M |
|
173
Linde
LIN
$237B
| $152M | 0.09% |
562,491
+206,630
| +58% | +$59.3M |
|
174
TSMC
TSM
$2.09T
| $152M | 0.09% |
2,209,820
-1,429,679
| -39% | -$118M |
|
175
FedEx
FDX
$74.5B
| $151M | 0.09% |
1,016,640
+15,998
| +2% | +$3.38M |
|
Similar funds
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.