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 Core S&P 500 ETF
IVV
|
+$1.59B |
| 2 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$1.04B |
| 3 |
Microsoft
MSFT
|
+$794M |
| 4 |
Home Depot
HD
|
+$512M |
| 5 |
Vertex Pharmaceuticals
VRTX
|
+$357M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Tesla
TSLA
|
+$491M |
| 2 |
Linde
LIN
|
+$373M |
| 3 |
State Street Health Care Select Sector SPDR ETF
XLV
|
+$298M |
| 4 |
State Street Energy Select Sector SPDR ETF
XLE
|
+$290M |
| 5 |
Salesforce
CRM
|
+$249M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 8.37% |
| 2 | Healthcare | 7.45% |
| 3 | Consumer Discretionary | 5.14% |
| 4 | Industrials | 5.1% |
| 5 | Financials | 4.95% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
151
CBRE Group
CBRE
$40.8B
| $175M | 0.09% |
2,163,586
+877,096
| +68% | +$65.7M |
|
152
RTX Corp
RTX
$287B
| $174M | 0.09% |
1,772,149
+565,337
| +47% | +$55.4M |
|
153
PUT
Bank of America
BAC
$435B
| $173M | 0.09% |
6,016,100
-1,598,400
| -21% | -$45.6M |
|
154
PUT
Amgen
AMGN
$203B
| $172M | 0.09% |
776,400
+162,800
| +27% | +$37.8M |
|
155
American Electric Power
AEP
$73.7B
| $172M | 0.09% |
2,046,387
+1,761,458
| +618% | +$156M |
|
156
Nike
NKE
$61.9B
| $172M | 0.08% |
1,560,273
+716,431
| +85% | +$83.8M |
|
157
Exelon
EXC
$48.6B
| $171M | 0.08% |
4,191,791
+1,483,270
| +55% | +$61.3M |
|
158
Costco
COST
$415B
| $169M | 0.08% |
313,997
+220,548
| +236% | +$112M |
|
159
CALL
Procter & Gamble
PG
$343B
| $169M | 0.08% |
1,111,300
-211,700
| -16% | -$31.9M |
|
160
iShares Russell 2000 ETF
IWM
$80.9B
| $168M | 0.08% |
897,480
+860,196
| +2,307% | +$153M |
|
161
Ares Management
ARES
$28.5B
| $168M | 0.08% |
1,742,906
+166,314
| +11% | +$14.4M |
|
162
CALL
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$34.7B
| $166M | 0.08% |
1,531,200
+1,512,000
| +7,875% | +$164M |
|
|
PXD
163
DELISTED
Pioneer Natural Resource Co.
PXD
| $165M | 0.08% |
798,663
+688,225
| +623% | +$145M |
|
164
Cheniere Energy
LNG
$56.5B
| $165M | 0.08% |
1,084,928
+274,775
| +34% | +$40.7M |
|
|
SPLK
165
DELISTED
Splunk Inc
SPLK
| $165M | 0.08% |
1,556,846
+91,914
| +6% | +$8.73M |
|
166
PUT
Qualcomm
QCOM
$176B
| $165M | 0.08% |
1,385,900
+474,100
| +52% | +$54.5M |
|
167
Alibaba
BABA
$269B
| $165M | 0.08% |
1,979,185
+217,509
| +12% | +$19M |
|
168
KLA
KLAC
$275B
| $165M | 0.08% |
3,399,430
+221,780
| +7% | +$9.27M |
|
169
iShares Russell 1000 ETF
IWB
$47.7B
| $165M | 0.08% |
675,168
+657,508
| +3,723% | +$151M |
|
|
170
CALL
Bank of America
BAC
$435B
| $164M | 0.08% |
5,707,500
-1,314,600
| -19% | -$37.5M |
|
171
Republic Services
RSG
$66.7B
| $163M | 0.08% |
1,067,350
+515,463
| +93% | +$73.7M |
|
172
CALL
Lockheed Martin
LMT
$134B
| $163M | 0.08% |
354,100
-300
| -0.1% | -$139K |
|
173
PUT
T-Mobile US
TMUS
$193B
| $162M | 0.08% |
1,169,200
-302,900
| -21% | -$42.5M |
|
174
PUT
United Airlines
UAL
$38.4B
| $162M | 0.08% |
2,957,600
-1,176,700
| -28% | -$55.6M |
|
175
PUT
Workday
WDAY
$33.4B
| $161M | 0.08% |
711,600
+473,300
| +199% | +$94.8M |
|
Similar funds
Millennium Management's Q2 2023 Portfolio in Review
As of Q2 2023, Millennium Management held 7,181 positions worth $203B, up 16% from $174B the previous quarter. Its ten largest holdings account for 26% of the portfolio.
Millennium Management deployed $14B of net new capital in Q2 2023, opening 869 new positions and adding to 2,214 existing holdings. Its largest new stake was ResMed: 632,015 shares worth $138M.
By sector, the portfolio is most concentrated in Technology at 8.4% of assets, up from 8.4% a quarter earlier, followed by Healthcare and Consumer Discretionary.
On the sell side, the largest reduction was Tesla, an estimated $491M trimmed.
- Millennium Management's largest Q2 2023 buy was ResMed: 632,015 shares worth $138M.
- Millennium Management added most to iShares Core S&P 500 ETF in Q2 2023, an estimated $1.59B increase.
- Millennium Management's biggest Q2 2023 reduction was Tesla, cutting an estimated $491M.
- Millennium Management fully exited Shaw Communications Inc. in Q2 2023, selling an estimated $237M.
- Millennium Management's ten largest holdings make up 26% of its $203B portfolio in Q2 2023.
- Millennium Management opened 869 new positions and closed 1,192 in Q2 2023.
- Millennium Management's portfolio value rose 16% quarter-over-quarter to $203B.
Based on Millennium Management's 13F filing for Q2 2023, filed 14 Aug 2023.