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 |
Invesco QQQ Trust
QQQ
|
+$917M |
| 2 |
Salesforce
CRM
|
+$378M |
| 3 |
Boeing
BA
|
+$297M |
| 4 |
DexCom
DXCM
|
+$292M |
| 5 |
Amazon
AMZN
|
+$267M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
DRE
Duke Realty Corp.
DRE
|
+$779M |
| 2 |
Chevron
CVX
|
+$569M |
| 3 |
Home Depot
HD
|
+$292M |
| 4 |
PepsiCo
PEP
|
+$259M |
| 5 |
Chubb
CB
|
+$248M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 8.22% |
| 2 | Healthcare | 7.51% |
| 3 | Financials | 7.44% |
| 4 | Industrials | 5.78% |
| 5 | Consumer Discretionary | 5.36% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1976
AMERISAFE
AMSF
$522M
| $11.3M | 0.01% |
216,845
+116,396
| +116% | +$6.16M |
|
|
HCNE
1977
DELISTED
Jaws Hurricane Acquisition Corp. Class A Common Stock
HCNE
| $11.3M | 0.01% |
1,130,000
| – | – |
|
1978
CALL
Corteva
CTVA
$51B
| $11.2M | 0.01% |
191,200
-45,600
| -19% | -$2.89M |
|
1979
CALL
Agilent Technologies
A
$42B
| $11.2M | 0.01% |
75,000
-30,300
| -29% | -$4.33M |
|
1980
Bristol-Myers Squibb
BMY
$132B
| $11.2M | 0.01% |
155,976
+125,051
| +404% | +$9.43M |
|
|
AERT
1981
Aeries Technology
AERT
$39.8M
| $11.2M | 0.01% |
137,476
-37
| -0% | -$2.98K |
|
1982
Moog Inc Class A
MOG.A
$13B
| $11.2M | 0.01% |
127,779
-109,657
| -46% | -$9.18M |
|
1983
PRA Group
PRAA
$723M
| $11.2M | 0.01% |
331,868
-37,207
| -10% | -$1.23M |
|
1984
Canadian Solar
CSIQ
$1.06B
| $11.2M | 0.01% |
362,718
-480,544
| -57% | -$16.1M |
|
1985
PUT
Howmet Aerospace
HWM
$113B
| $11.2M | 0.01% |
284,300
| – | – |
|
|
CIIG
1986
DELISTED
CIIG Capital Partners II, Inc. Class A Common Stock
CIIG
| $11.2M | 0.01% |
1,099,342
+15,000
| +1% | +$151K |
|
1987
Tidewater
TDW
$4.46B
| $11.2M | 0.01% |
303,646
+272,248
| +867% | +$8.28M |
|
|
HERAU
1988
DELISTED
FTAC Hera Acquisition Corp. Units
HERAU
| $11.2M | 0.01% |
1,110,000
-21,000
| -2% | -$210K |
|
1989
CALL
iShares MSCI Brazil ETF
EWZ
$8.91B
| $11.2M | 0.01% |
+400,000
| New | +$12.2M |
|
1990
Ubiquiti
UI
$34.5B
| $11.2M | 0.01% |
40,877
+31,274
| +326% | +$9.31M |
|
|
SA
1991
Seabridge Gold
SA
$3.36B
| $11.2M | 0.01% |
888,638
+743,881
| +514% | +$8.81M |
|
1992
CALL
NXP Semiconductors
NXPI
$58.9B
| $11.2M | 0.01% |
70,700
+60,200
| +573% | +$9.55M |
|
|
HT
1993
DELISTED
Hersha Hospitality Trust Priority Class A Common Shares of Beneficial Interest
HT
| $11.2M | 0.01% |
1,310,139
+1,234,641
| +1,635% | +$11.1M |
|
1994
Asana
ASAN
$2.13B
| $11.1M | 0.01% |
809,565
-899,282
| -53% | -$16.3M |
|
|
LCW
1995
DELISTED
Learn CW Investment Corporation Class A Ordinary Shares
LCW
| $11.1M | 0.01% |
1,103,400
| – | – |
|
1996
United Bankshares
UBSI
$6.58B
| $11.1M | 0.01% |
274,960
+220,954
| +409% | +$8.96M |
|
1997
Mercury Systems
MRCY
$6.52B
| $11.1M | 0.01% |
248,515
+141,417
| +132% | +$6.69M |
|
1998
PUT
United Microelectronic
UMC
$47.1B
| $11.1M | 0.01% |
1,700,000
-700,000
| -29% | -$4.64M |
|
1999
Oric Pharmaceuticals
ORIC
$1.41B
| $11.1M | 0.01% |
1,883,978
+355,370
| +23% | +$1.2M |
|
2000
Stewart Information Services
STC
$2.01B
| $11.1M | 0.01% |
259,224
-155,293
| -37% | -$6.5M |
|
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Millennium Management's Q4 2022 Portfolio in Review
As of Q4 2022, Millennium Management held 7,859 positions worth $181B, up 6.9% from $169B the previous quarter. Its ten largest holdings account for 20% of the portfolio.
Millennium Management's Q4 2022 filing shows 848 new, 2,517 increased, 2,492 reduced and 1,332 closed positions. Its largest new stake was Keurig Dr Pepper: 4,680,704 shares worth $167M. The largest sale was Duke Realty Corp., an estimated $779M.
By sector, the portfolio is most concentrated in Technology at 8.2% of assets, up from 7.9% a quarter earlier, followed by Healthcare and Financials.
- Millennium Management's largest Q4 2022 buy was Keurig Dr Pepper: 4,680,704 shares worth $167M.
- Millennium Management added most to Invesco QQQ Trust in Q4 2022, an estimated $917M increase.
- Millennium Management's biggest Q4 2022 reduction was Chevron, cutting an estimated $569M.
- Millennium Management fully exited Duke Realty Corp. in Q4 2022, selling an estimated $779M.
- Millennium Management's ten largest holdings make up 20% of its $181B portfolio in Q4 2022.
- Millennium Management opened 848 new positions and closed 1,332 in Q4 2022.
- Millennium Management's portfolio value rose 6.9% quarter-over-quarter to $181B.
Based on Millennium Management's 13F filing for Q4 2022, filed 14 Feb 2023.