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 |
Broadcom
AVGO
|
+$1.14B |
| 2 |
iShares Russell 1000 ETF
IWB
|
+$810M |
| 3 |
Meta Platforms (Facebook)
META
|
+$715M |
| 4 |
Amazon
AMZN
|
+$641M |
| 5 |
UnitedHealth
UNH
|
+$498M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$2.98B |
| 2 |
Spotify
SPOT
|
+$1.17B |
| 3 |
Microsoft
MSFT
|
+$856M |
| 4 |
Apollo Global Management
APO
|
+$726M |
| 5 |
Workday
WDAY
|
+$440M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 8.85% |
| 2 | Financials | 8.25% |
| 3 | Healthcare | 7.07% |
| 4 | Industrials | 5.93% |
| 5 | Consumer Discretionary | 5.44% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1726
UGI
UGI
$7.33B
| $14.6M | 0.01% |
515,518
+485,802
| +1,635% | +$12.6M |
|
1727
PUT
ResMed
RMD
$30.7B
| $14.5M | 0.01% |
63,400
-81,700
| -56% | -$19.7M |
|
1728
Crown Castle
CCI
$32.2B
| $14.5M | 0.01% |
159,492
+91,181
| +133% | +$9.53M |
|
1729
Jackson Financial
JXN
$8.8B
| $14.5M | 0.01% |
165,976
+161,740
| +3,818% | +$15.8M |
|
1730
Campbell Soup
CPB
$6.87B
| $14.4M | 0.01% |
345,033
-248,509
| -42% | -$11.2M |
|
1731
Lamar Advertising Co
LAMR
$16.3B
| $14.4M | 0.01% |
118,674
+51,511
| +77% | +$6.73M |
|
|
TLN
1732
Talen Energy Corp
TLN
$16.7B
| $14.4M | 0.01% |
71,637
-27,606
| -28% | -$5.38M |
|
1733
Bread Financial
BFH
$4.38B
| $14.4M | 0.01% |
236,038
+26,368
| +13% | +$1.49M |
|
1734
Replimune Group
REPL
$1.01B
| $14.4M | 0.01% |
1,189,662
+34,841
| +3% | +$423K |
|
1735
Argan
AGX
$8.37B
| $14.4M | 0.01% |
104,951
+35,355
| +51% | +$4.86M |
|
1736
PUT
ON Semiconductor
ON
$31.6B
| $14.4M | 0.01% |
228,100
-321,400
| -58% | -$22.1M |
|
1737
American Financial Group
AFG
$12.1B
| $14.4M | 0.01% |
104,997
+44,458
| +73% | +$6.12M |
|
1738
iShares 3-7 Year Treasury Bond ETF
IEI
$17.8B
| $14.4M | 0.01% |
124,401
+117,955
| +1,830% | +$13.8M |
|
1739
Reynolds Consumer Products
REYN
$5.59B
| $14.4M | 0.01% |
532,261
+125,144
| +31% | +$3.55M |
|
1740
Coherent
COHR
$74.2B
| $14.3M | 0.01% |
151,168
+148,121
| +4,861% | +$14.8M |
|
1741
Cboe Global Markets
CBOE
$29.9B
| $14.3M | 0.01% |
72,948
-130,453
| -64% | -$26.9M |
|
1742
PUT
Devon Energy
DVN
$47.3B
| $14.3M | 0.01% |
435,400
-562,000
| -56% | -$21.2M |
|
1743
Sanofi
SNY
$104B
| $14.2M | 0.01% |
295,180
-2,448,483
| -89% | -$124M |
|
1744
PUT
Hilton Worldwide
HLT
$71.5B
| $14.2M | 0.01% |
57,600
+23,300
| +68% | +$5.7M |
|
1745
10x Genomics
TXG
$6.61B
| $14.2M | 0.01% |
991,165
+72,408
| +8% | +$1.14M |
|
1746
SouthState Bank Corp
SSB
$10.5B
| $14.2M | 0.01% |
143,025
-1,141,636
| -89% | -$118M |
|
|
HI
1747
DELISTED
Hillenbrand
HI
| $14.2M | 0.01% |
461,932
-252,462
| -35% | -$7.63M |
|
|
ENLC
1748
DELISTED
ENLINK MIDSTREAM, LLC
ENLC
| $14.2M | 0.01% |
+1,003,396
| New | +$15M |
|
|
NUVL
1749
DELISTED
Nuvalent
NUVL
| $14.2M | 0.01% |
181,206
+854
| +0.5% | +$79.8K |
|
1750
Power Integrations
POWI
$3.61B
| $14.2M | 0.01% |
229,763
-166,298
| -42% | -$10.6M |
|
Similar funds
Millennium Management's Q4 2024 Portfolio in Review
As of Q4 2024, Millennium Management held 6,700 positions worth $205B, down 3% from $211B the previous quarter. Its ten largest holdings account for 16% of the portfolio.
Millennium Management withdrew a net $13.8B in Q4 2024, closing 810 positions and reducing 2,557 holdings. Its most notable exit was Southwestern Energy Company, an estimated $340M position sold in full.
By sector, the portfolio is most concentrated in Technology at 8.8% of assets, up from 8.6% a quarter earlier, followed by Financials and Healthcare.
Against the trend, Millennium Management opened a new position in NextEra Energy 7.234% Corporate Units worth $5.03M.
- Millennium Management's largest Q4 2024 buy was NextEra Energy 7.234% Corporate Units: 5,500,000 shares worth $5.03M.
- Millennium Management added most to Broadcom in Q4 2024, an estimated $1.14B increase.
- Millennium Management's biggest Q4 2024 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $2.98B.
- Millennium Management fully exited Southwestern Energy Company in Q4 2024, selling an estimated $340M.
- Millennium Management's ten largest holdings make up 16% of its $205B portfolio in Q4 2024.
- Millennium Management opened 681 new positions and closed 810 in Q4 2024.
- Millennium Management's portfolio value fell 3% quarter-over-quarter to $205B.
Based on Millennium Management's 13F filing for Q4 2024, filed 14 Feb 2025.