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 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$1.38B |
| 2 |
Microsoft
MSFT
|
+$667M |
| 3 |
Spotify
SPOT
|
+$528M |
| 4 |
iShares Bitcoin Trust
IBIT
|
+$438M |
| 5 |
Eli Lilly
LLY
|
+$412M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$2.59B |
| 2 |
Amazon
AMZN
|
+$1.45B |
| 3 |
Merck
MRK
|
+$925M |
| 4 |
Broadcom
AVGO
|
+$765M |
| 5 |
iShares Core S&P 500 ETF
IVV
|
+$672M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 8.59% |
| 2 | Healthcare | 7.29% |
| 3 | Financials | 7.2% |
| 4 | Industrials | 6.32% |
| 5 | Consumer Discretionary | 4.85% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1951
Koppers
KOP
$942M
| $11.7M | 0.01% |
320,369
+123,665
| +63% | +$4.62M |
|
1952
CF Industries
CF
$19.3B
| $11.7M | 0.01% |
136,058
-224,515
| -62% | -$17.4M |
|
1953
MacroGenics
MGNX
$240M
| $11.6M | 0.01% |
3,535,900
+223,228
| +7% | +$870K |
|
1954
Martin Marietta Materials
MLM
$32.4B
| $11.6M | 0.01% |
21,611
+17,489
| +424% | +$9.45M |
|
1955
Forward Air
FWRD
$449M
| $11.6M | 0.01% |
328,491
+281,952
| +606% | +$8M |
|
1956
CALL
Equinix
EQIX
$103B
| $11.6M | 0.01% |
13,100
+9,800
| +297% | +$8.03M |
|
1957
Virtus Investment Partners
VRTS
$1.09B
| $11.6M | 0.01% |
55,373
+27,260
| +97% | +$5.84M |
|
|
HOUS
1958
DELISTED
Anywhere Real Estate
HOUS
| $11.6M | 0.01% |
2,281,321
+246,813
| +12% | +$1.14M |
|
1959
BJ's Restaurants
BJRI
$1.56B
| $11.6M | 0.01% |
354,961
+339,354
| +2,174% | +$10.9M |
|
1960
EPR Properties
EPR
$4.9B
| $11.5M | 0.01% |
235,266
-223,498
| -49% | -$10.2M |
|
1961
PUT
Cognizant
CTSH
$24.3B
| $11.5M | 0.01% |
149,400
-21,100
| -12% | -$1.57M |
|
|
PPBI
1962
DELISTED
Pacific Premier Bancorp
PPBI
| $11.5M | 0.01% |
457,359
+306,596
| +203% | +$7.66M |
|
1963
United Rentals
URI
$66.5B
| $11.5M | 0.01% |
14,200
-26,185
| -65% | -$18.8M |
|
1964
PUT
Honda
HMC
$39.9B
| $11.5M | 0.01% |
361,900
-188,100
| -34% | -$5.97M |
|
1965
PUT
Baker Hughes
BKR
$59.5B
| $11.5M | 0.01% |
317,600
+214,000
| +207% | +$7.52M |
|
1966
WisdomTree Floating Rate Treasury Fund
USFR
$18.1B
| $11.5M | 0.01% |
228,570
+62,875
| +38% | +$3.17M |
|
1967
Scansource
SCSC
$1.15B
| $11.5M | 0.01% |
238,511
+102,245
| +75% | +$4.84M |
|
1968
PUT
Apollo Global Management
APO
$69.3B
| $11.5M | 0.01% |
91,700
+81,100
| +765% | +$9.36M |
|
1969
CALL
ProShares UltraPro QQQ
TQQQ
$31.4B
| $11.5M | 0.01% |
316,000
+105,800
| +50% | +$3.63M |
|
|
MBX
1970
MBX Biosciences
MBX
$3.16B
| $11.4M | 0.01% |
+440,411
| New | +$10.1M |
|
|
CWAN
1971
DELISTED
Clearwater Analytics
CWAN
| $11.4M | 0.01% |
452,869
-683,739
| -60% | -$15.4M |
|
1972
Editas Medicine
EDIT
$413M
| $11.4M | 0.01% |
3,350,856
+891,227
| +36% | +$3.88M |
|
1973
Veracyte
VCYT
$4.77B
| $11.4M | 0.01% |
335,509
+271,278
| +422% | +$7.63M |
|
1974
Cushman & Wakefield Ltd
CWK
$3.23B
| $11.4M | 0.01% |
836,790
+694,971
| +490% | +$8.76M |
|
1975
PUT
Invesco S&P 500 Equal Weight ETF
RSP
$97.2B
| $11.4M | 0.01% |
63,500
+28,500
| +81% | +$4.87M |
|
Similar funds
Millennium Management's Q3 2024 Portfolio in Review
As of Q3 2024, Millennium Management held 6,698 positions worth $211B, down 2.3% from $216B the previous quarter. Its ten largest holdings account for 17% of the portfolio.
Millennium Management withdrew a net $20.6B in Q3 2024, closing 667 positions and reducing 2,445 holdings. Its most notable exit was WestRock Company, an estimated $161M position sold in full.
By sector, the portfolio is most concentrated in Technology at 8.6% of assets, down from 10% a quarter earlier, followed by Healthcare and Financials.
Against the trend, Millennium Management opened a new position in Smurfit Westrock worth $94.1M.
- Millennium Management's largest Q3 2024 buy was Smurfit Westrock: 1,904,931 shares worth $94.1M.
- Millennium Management added most to State Street SPDR S&P 500 ETF Trust in Q3 2024, an estimated $1.38B increase.
- Millennium Management's biggest Q3 2024 reduction was Apple, cutting an estimated $2.59B.
- Millennium Management fully exited WestRock Company in Q3 2024, selling an estimated $161M.
- Millennium Management's ten largest holdings make up 17% of its $211B portfolio in Q3 2024.
- Millennium Management opened 898 new positions and closed 667 in Q3 2024.
- Millennium Management's portfolio value fell 2.3% quarter-over-quarter to $211B.
Based on Millennium Management's 13F filing for Q3 2024, filed 14 Nov 2024.