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 | |
|---|---|---|---|---|---|---|
151
FedEx
FDX
$73.2B
| $248M | 0.11% |
855,675
+716,213
| +514% | +$179M |
|
152
Visa
V
$689B
| $243M | 0.1% |
871,005
+160,890
| +23% | +$44.4M |
|
153
CALL
iShares China Large-Cap ETF
FXI
$4.22B
| $243M | 0.1% |
10,088,800
+4,017,000
| +66% | +$92.6M |
|
154
PUT
Nike
NKE
$62.3B
| $242M | 0.1% |
2,570,200
+1,166,400
| +83% | +$119M |
|
155
Natera
NTRA
$37.1B
| $241M | 0.1% |
2,639,254
+1,118,921
| +74% | +$84.2M |
|
|
SCHW
156
PUT
Charles Schwab
SCHW
$181B
| $241M | 0.1% |
3,326,500
+1,916,400
| +136% | +$126M |
|
157
Baker Hughes
BKR
$59.8B
| $240M | 0.1% |
7,163,541
+5,563,965
| +348% | +$172M |
|
158
Cencora
COR
$60.7B
| $237M | 0.1% |
975,484
+199,150
| +26% | +$45.8M |
|
159
Allstate
ALL
$67.2B
| $237M | 0.1% |
1,367,840
+870,381
| +175% | +$137M |
|
160
Universal Health Services
UHS
$9.76B
| $237M | 0.1% |
1,296,248
-170,866
| -12% | -$28.2M |
|
161
Sempra
SRE
$59.9B
| $235M | 0.1% |
3,276,702
+847,674
| +35% | +$60.7M |
|
162
Fluor
FLR
$7.2B
| $235M | 0.1% |
5,565,455
+2,071,273
| +59% | +$79.5M |
|
163
PUT
PayPal
PYPL
$49.5B
| $235M | 0.1% |
3,503,100
+934,400
| +36% | +$57.3M |
|
164
Trade Desk
TTD
$8.44B
| $235M | 0.1% |
2,682,776
-638,656
| -19% | -$48.4M |
|
165
PUT
Caterpillar
CAT
$400B
| $234M | 0.1% |
637,900
-471,800
| -43% | -$151M |
|
166
PG&E
PCG
$47B
| $233M | 0.1% |
13,889,408
+7,759,415
| +127% | +$130M |
|
167
PUT
SPDR Gold Trust
GLD
$133B
| $232M | 0.1% |
1,129,000
+47,500
| +4% | +$9.12M |
|
168
PUT
ServiceNow
NOW
$110B
| $232M | 0.1% |
1,519,500
-468,500
| -24% | -$71M |
|
169
PUT
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
$3.48B
| $231M | 0.1% |
1,492,600
+479,600
| +47% | +$66.4M |
|
170
PUT
Intuit
INTU
$83.3B
| $229M | 0.1% |
352,200
+46,000
| +15% | +$29.4M |
|
171
CALL
State Street Financial Select Sector SPDR ETF
XLF
$56.6B
| $228M | 0.1% |
5,420,600
-3,884,700
| -42% | -$153M |
|
172
CALL
Alphabet (Google) Class C
GOOG
$4.01T
| $227M | 0.1% |
1,491,800
+126,700
| +9% | +$18.3M |
|
173
NRG Energy
NRG
$28.7B
| $226M | 0.1% |
3,344,095
+1,701,608
| +104% | +$95.5M |
|
174
EPAM Systems
EPAM
$4.89B
| $225M | 0.1% |
815,646
+491,030
| +151% | +$144M |
|
175
CALL
State Street SPDR S&P Biotech ETF
XBI
$10.3B
| $225M | 0.1% |
2,370,000
+1,072,300
| +83% | +$99.5M |
|
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.