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 | |
|---|---|---|---|---|---|---|
1851
Southside Bancshares
SBSI
$967M
| $12.4M | 0.01% |
349,316
+47,785
| +16% | +$1.83M |
|
|
IPVF
1852
DELISTED
InterPrivate III Financial Partners Inc.
IPVF
| $12.3M | 0.01% |
1,261,416
+89,671
| +8% | +$882K |
|
|
IACC
1853
DELISTED
ION Acquisition Corp 3 Ltd.
IACC
| $12.3M | 0.01% |
1,250,287
+358,752
| +40% | +$3.52M |
|
1854
Pebblebrook Hotel Trust
PEB
$2.05B
| $12.3M | 0.01% |
849,691
-88,527
| -9% | -$1.59M |
|
1855
Ecovyst
ECVT
$1.14B
| $12.3M | 0.01% |
1,460,006
+503,385
| +53% | +$4.79M |
|
1856
Teva Pharmaceuticals
TEVA
$41.2B
| $12.3M | 0.01% |
1,523,290
-8,563,015
| -85% | -$75.7M |
|
1857
Global Payments
GPN
$22.8B
| $12.3M | 0.01% |
113,558
-320,912
| -74% | -$39.6M |
|
1858
MacroGenics
MGNX
$257M
| $12.3M | 0.01% |
3,541,952
+932,390
| +36% | +$3.57M |
|
1859
CALL
United Microelectronic
UMC
$46.9B
| $12.3M | 0.01% |
2,200,000
+1,500,000
| +214% | +$9.9M |
|
1860
Ultragenyx Pharmaceutical
RARE
$2.55B
| $12.2M | 0.01% |
295,402
+171,571
| +139% | +$8.82M |
|
1861
CALL
W.W. Grainger
GWW
$60.2B
| $12.2M | 0.01% |
25,000
| – | – |
|
1862
United Rentals
URI
$72.4B
| $12.2M | 0.01% |
45,246
-35,408
| -44% | -$10.3M |
|
1863
CALL
HF Sinclair
DINO
$14.5B
| $12.2M | 0.01% |
226,700
-1,900
| -0.8% | -$93.9K |
|
1864
Bank of Montreal
BMO
$127B
| $12.2M | 0.01% |
139,177
-399,306
| -74% | -$38.6M |
|
1865
CALL
First Solar
FSLR
$26.9B
| $12.2M | 0.01% |
92,200
-24,900
| -21% | -$2.67M |
|
|
CSW
1866
CSW Industrials
CSW
$5.71B
| $12.2M | 0.01% |
101,672
+91,945
| +945% | +$11.2M |
|
1867
Jackson Financial
JXN
$8.8B
| $12.2M | 0.01% |
438,648
+243,096
| +124% | +$7.18M |
|
1868
PUT
Estee Lauder
EL
$32B
| $12.1M | 0.01% |
56,200
+28,300
| +101% | +$7.22M |
|
|
SPR
1869
DELISTED
Spirit AeroSystems
SPR
| $12.1M | 0.01% |
553,376
+200,987
| +57% | +$6.11M |
|
1870
PRA Group
PRAA
$755M
| $12.1M | 0.01% |
369,075
-164,411
| -31% | -$6.12M |
|
1871
Kiniksa Pharmaceuticals
KNSA
$5.93B
| $12.1M | 0.01% |
943,199
+681,827
| +261% | +$7.77M |
|
|
1872
CALL
Bank of Montreal
BMO
$127B
| $12.1M | 0.01% |
+100,000
| New | +$9.67M |
|
1873
Ryan Specialty Holdings
RYAN
$11B
| $12.1M | 0.01% |
297,217
+290,619
| +4,405% | +$12.3M |
|
1874
Arbor Realty Trust
ABR
$998M
| $12.1M | 0.01% |
1,049,483
-82,128
| -7% | -$1.21M |
|
|
THAC
1875
DELISTED
Thrive Acquisition Corporation Class A ordinary shares
THAC
| $12M | 0.01% |
1,187,960
+36,710
| +3% | +$371K |
|
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.