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 |
Linde
LIN
|
+$374M |
| 2 |
AT&T
T
|
+$293M |
| 3 |
NVIDIA
NVDA
|
+$291M |
| 4 |
State Street Energy Select Sector SPDR ETF
XLE
|
+$283M |
| 5 |
Williams Companies
WMB
|
+$274M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Invesco QQQ Trust
QQQ
|
+$1.09B |
| 2 |
Lam Research
LRCX
|
+$351M |
| 3 |
iShares Russell 2000 ETF
IWM
|
+$330M |
| 4 |
Apple
AAPL
|
+$328M |
| 5 |
Boeing
BA
|
+$292M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 8.37% |
| 2 | Healthcare | 7.97% |
| 3 | Financials | 6.13% |
| 4 | Consumer Discretionary | 5.62% |
| 5 | Industrials | 5.59% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
RADI
2001
DELISTED
Radius Global Infrastructure, Inc. Class A Common Stock
RADI
| $9.28M | 0.01% |
632,544
-301,099
| -32% | -$4.08M |
|
2002
Stride
LRN
$3.41B
| $9.26M | 0.01% |
235,941
-95,420
| -29% | -$3.74M |
|
2003
Unisys
UIS
$209M
| $9.26M | 0.01% |
2,385,522
+165,552
| +7% | +$800K |
|
2004
CALL
DexCom
DXCM
$31.5B
| $9.25M | 0.01% |
79,600
-212,600
| -73% | -$23.8M |
|
2005
Camtek
CAMT
$6.18B
| $9.23M | 0.01% |
325,724
-71,699
| -18% | -$1.91M |
|
|
FYBR
2006
DELISTED
Frontier Communications
FYBR
| $9.23M | 0.01% |
+405,429
| New | +$10.9M |
|
2007
PUT
Vale
VALE
$64.1B
| $9.23M | 0.01% |
+584,700
| New | +$9.9M |
|
2008
Puma Biotechnology
PBYI
$404M
| $9.23M | 0.01% |
2,985,835
+308,922
| +12% | +$1.16M |
|
2009
CALL
Newell Brands
NWL
$2.38B
| $9.21M | 0.01% |
740,300
-127,700
| -15% | -$1.8M |
|
2010
Agilysys
AGYS
$2.97B
| $9.18M | 0.01% |
111,227
-7,082
| -6% | -$573K |
|
2011
Ecovyst
ECVT
$1.32B
| $9.18M | 0.01% |
830,371
-875,101
| -51% | -$9.05M |
|
2012
PUT
Alamos Gold
AGI
$11.6B
| $9.17M | 0.01% |
+750,000
| New | +$8.13M |
|
|
ICPT
2013
DELISTED
Intercept Pharmaceuticals, Inc.
ICPT
| $9.16M | 0.01% |
682,406
-294,300
| -30% | -$5.09M |
|
2014
PUT
Colgate-Palmolive
CL
$73.1B
| $9.16M | 0.01% |
121,900
+8,900
| +8% | +$662K |
|
2015
Rayonier Advanced Materials
RYAM
$604M
| $9.15M | 0.01% |
1,459,457
+277,064
| +23% | +$1.93M |
|
2016
Boise Cascade
BCC
$2.69B
| $9.14M | 0.01% |
144,508
+101,311
| +235% | +$7.03M |
|
2017
Lakeland Financial Corp
LKFN
$1.56B
| $9.14M | 0.01% |
145,865
-36,451
| -20% | -$2.54M |
|
2018
Navitas Semiconductor
NVTS
$2.84B
| $9.13M | 0.01% |
+1,248,526
| New | +$7M |
|
2019
Tencent Music
TME
$15.5B
| $9.13M | 0.01% |
1,102,174
+487,012
| +79% | +$3.98M |
|
2020
Baidu
BIDU
$37.7B
| $9.11M | 0.01% |
146,302
-551,737
| -79% | -$78.3M |
|
2021
AbCellera Biologics
ABCL
$1.74B
| $9.1M | 0.01% |
1,206,698
+779,150
| +182% | +$7.08M |
|
2022
A10 Networks
ATEN
$2.13B
| $9.1M | 0.01% |
587,440
-656,240
| -53% | -$10M |
|
|
VRTV
2023
DELISTED
VERITIV CORPORATION
VRTV
| $9.09M | 0.01% |
67,258
-55,662
| -45% | -$7.13M |
|
2024
State Street SPDR S&P Biotech ETF
XBI
$9.6B
| $9.07M | 0.01% |
119,042
-667,739
| -85% | -$55.4M |
|
2025
PUT
Target
TGT
$65.6B
| $9.06M | 0.01% |
54,700
-277,500
| -84% | -$45.6M |
|
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Millennium Management's Q1 2023 Portfolio in Review
As of Q1 2023, Millennium Management held 7,511 positions worth $174B, down 3.5% from $181B the previous quarter. Its ten largest holdings account for 25% of the portfolio.
Millennium Management withdrew a net $18.1B in Q1 2023, closing 1,210 positions and reducing 2,570 holdings. Its most notable exit was Apollo Global Management, an estimated $112M position sold in full.
By sector, the portfolio is most concentrated in Technology at 8.4% of assets, up from 8.2% a quarter earlier, followed by Healthcare and Financials.
Against the trend, Millennium Management opened a new position in Warner Bros worth $96.9M.
- Millennium Management's largest Q1 2023 buy was Warner Bros: 6,417,147 shares worth $96.9M.
- Millennium Management added most to Linde in Q1 2023, an estimated $374M increase.
- Millennium Management's biggest Q1 2023 reduction was Invesco QQQ Trust, cutting an estimated $1.09B.
- Millennium Management fully exited Apollo Global Management in Q1 2023, selling an estimated $112M.
- Millennium Management's ten largest holdings make up 25% of its $174B portfolio in Q1 2023.
- Millennium Management opened 988 new positions and closed 1,210 in Q1 2023.
- Millennium Management's portfolio value fell 3.5% quarter-over-quarter to $174B.
Based on Millennium Management's 13F filing for Q1 2023, filed 15 May 2023.