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 Core S&P 500 ETF
IVV
|
+$1.59B |
| 2 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$1.04B |
| 3 |
Microsoft
MSFT
|
+$794M |
| 4 |
Home Depot
HD
|
+$512M |
| 5 |
Vertex Pharmaceuticals
VRTX
|
+$357M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Tesla
TSLA
|
+$491M |
| 2 |
Linde
LIN
|
+$373M |
| 3 |
State Street Health Care Select Sector SPDR ETF
XLV
|
+$298M |
| 4 |
State Street Energy Select Sector SPDR ETF
XLE
|
+$290M |
| 5 |
Salesforce
CRM
|
+$249M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 8.37% |
| 2 | Healthcare | 7.45% |
| 3 | Consumer Discretionary | 5.14% |
| 4 | Industrials | 5.1% |
| 5 | Financials | 4.95% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1976
PUT
Southwest Airlines
LUV
$21.7B
| $10M | 0.01% |
277,500
-36,600
| -12% | -$1.15M |
|
1977
PUT
KraneShares CSI China Internet ETF
KWEB
$5.5B
| $10M | ﹤0.01% |
372,400
+10,600
| +3% | +$295K |
|
1978
Markel Group
MKL
$25.2B
| $10M | ﹤0.01% |
7,247
+4,440
| +158% | +$5.95M |
|
1979
Revolution Medicines
RVMD
$38.5B
| $10M | ﹤0.01% |
374,090
-178,961
| -32% | -$4.39M |
|
1980
Douglas Dynamics
PLOW
$992M
| $10M | ﹤0.01% |
334,850
+130,007
| +63% | +$3.82M |
|
|
DENN
1981
DELISTED
Denny's
DENN
| $10M | ﹤0.01% |
811,668
+209,172
| +35% | +$2.37M |
|
1982
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$34.3B
| $9.99M | ﹤0.01% |
92,348
-44,575
| -33% | -$4.82M |
|
1983
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
$26.4B
| $9.98M | ﹤0.01% |
+20,844
| New | +$9.49M |
|
1984
PUT
Colgate-Palmolive
CL
$74.8B
| $9.98M | ﹤0.01% |
129,500
+7,600
| +6% | +$588K |
|
1985
HUTCHMED
HCM
$1.96B
| $9.96M | ﹤0.01% |
830,363
-78,043
| -9% | -$1.06M |
|
1986
CALL
Digital Realty Trust
DLR
$69.6B
| $9.96M | ﹤0.01% |
87,500
+85,400
| +4,067% | +$8.45M |
|
|
MTAL
1987
DELISTED
Metals Acquisition
MTAL
| $9.96M | ﹤0.01% |
966,692
-311,427
| -24% | -$3.19M |
|
1988
CNX Resources
CNX
$4.91B
| $9.91M | ﹤0.01% |
559,233
+38,607
| +7% | +$623K |
|
1989
Puma Biotechnology
PBYI
$398M
| $9.91M | ﹤0.01% |
2,806,254
-179,581
| -6% | -$560K |
|
1990
SLM Corp
SLM
$4.83B
| $9.89M | ﹤0.01% |
605,985
-1,117,822
| -65% | -$17M |
|
1991
Gray Television
GTN
$437M
| $9.88M | ﹤0.01% |
1,253,768
-360,342
| -22% | -$2.77M |
|
1992
SLB Ltd
SLB
$72.7B
| $9.88M | ﹤0.01% |
201,101
-1,180,241
| -85% | -$56.3M |
|
1993
CALL
Quanta Services
PWR
$84.2B
| $9.86M | ﹤0.01% |
50,200
+200
| +0.4% | +$34.9K |
|
|
XAGE
1994
DELISTED
Longevity Health Holdings, Inc. Common Stock
XAGE
| $9.86M | ﹤0.01% |
31,908
| – | – |
|
1995
American Financial Group
AFG
$11.9B
| $9.85M | ﹤0.01% |
82,980
-253,773
| -75% | -$29.9M |
|
1996
LivePerson
LPSN
$22M
| $9.84M | ﹤0.01% |
145,199
+134,202
| +1,220% | +$8.71M |
|
1997
iShares MSCI Emerging Markets ETF
EEM
$27.5B
| $9.84M | ﹤0.01% |
248,683
-3,098,277
| -93% | -$122M |
|
1998
News Corp Class A
NWSA
$15.6B
| $9.84M | ﹤0.01% |
504,364
+79,790
| +19% | +$1.45M |
|
1999
TPG
TPG
$6.76B
| $9.82M | ﹤0.01% |
335,712
-690,490
| -67% | -$19.4M |
|
2000
PUT
State Street Utilities Select Sector SPDR ETF
XLU
$23.1B
| $9.82M | ﹤0.01% |
300,000
-617,000
| -67% | -$20.8M |
|
Similar funds
Millennium Management's Q2 2023 Portfolio in Review
As of Q2 2023, Millennium Management held 7,181 positions worth $203B, up 16% from $174B the previous quarter. Its ten largest holdings account for 26% of the portfolio.
Millennium Management deployed $14B of net new capital in Q2 2023, opening 869 new positions and adding to 2,214 existing holdings. Its largest new stake was ResMed: 632,015 shares worth $138M.
By sector, the portfolio is most concentrated in Technology at 8.4% of assets, up from 8.4% a quarter earlier, followed by Healthcare and Consumer Discretionary.
On the sell side, the largest reduction was Tesla, an estimated $491M trimmed.
- Millennium Management's largest Q2 2023 buy was ResMed: 632,015 shares worth $138M.
- Millennium Management added most to iShares Core S&P 500 ETF in Q2 2023, an estimated $1.59B increase.
- Millennium Management's biggest Q2 2023 reduction was Tesla, cutting an estimated $491M.
- Millennium Management fully exited Shaw Communications Inc. in Q2 2023, selling an estimated $237M.
- Millennium Management's ten largest holdings make up 26% of its $203B portfolio in Q2 2023.
- Millennium Management opened 869 new positions and closed 1,192 in Q2 2023.
- Millennium Management's portfolio value rose 16% quarter-over-quarter to $203B.
Based on Millennium Management's 13F filing for Q2 2023, filed 14 Aug 2023.