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 | |
|---|---|---|---|---|---|---|
2026
Iron Mountain
IRM
$36.4B
| $9.04M | 0.01% |
170,874
+135,947
| +389% | +$7.12M |
|
2027
Hormel Foods
HRL
$13.8B
| $9.03M | 0.01% |
226,386
-413,121
| -65% | -$17.8M |
|
2028
PUT
Bunge Global
BG
$20.4B
| $9.03M | 0.01% |
94,500
+90,300
| +2,150% | +$8.78M |
|
2029
The Bancorp
TBBK
$2.79B
| $9.03M | 0.01% |
324,098
-34,207
| -10% | -$1.09M |
|
2030
CALL
Las Vegas Sands
LVS
$31.7B
| $9.03M | 0.01% |
157,100
+47,900
| +44% | +$2.68M |
|
2031
J.M. Smucker
SJM
$12.7B
| $9.01M | 0.01% |
57,282
-293,568
| -84% | -$44.6M |
|
2032
Alcoa
AA
$11.9B
| $9M | 0.01% |
211,392
+148,915
| +238% | +$7.18M |
|
|
EFOR
2033
Everforth Inc
EFOR
$1.17B
| $8.98M | 0.01% |
108,689
+78,900
| +265% | +$6.84M |
|
2034
MasterCraft Boat Holdings
MCFT
$579M
| $8.98M | 0.01% |
294,967
+43,539
| +17% | +$1.35M |
|
2035
Voyager Therapeutics
VYGR
$183M
| $8.96M | 0.01% |
1,162,553
+883,899
| +317% | +$7.03M |
|
2036
Enova International
ENVA
$6.33B
| $8.94M | 0.01% |
201,307
-267,402
| -57% | -$12.1M |
|
2037
PUT
Invesco Solar ETF
TAN
$1.42B
| $8.93M | 0.01% |
+115,000
| New | +$8.81M |
|
2038
Triple Flag Precious Metals
TFPM
$5.94B
| $8.91M | 0.01% |
598,711
+541,236
| +942% | +$7.38M |
|
2039
Biomea Fusion
BMEA
$84.6M
| $8.9M | 0.01% |
287,031
+155,657
| +118% | +$1.93M |
|
2040
Denali Therapeutics
DNLI
$3.65B
| $8.9M | 0.01% |
386,289
+89,196
| +30% | +$2.45M |
|
2041
iShares US Home Construction ETF
ITB
$2.26B
| $8.9M | 0.01% |
126,564
+42,795
| +51% | +$2.89M |
|
2042
CALL
EQT Corp
EQT
$33.3B
| $8.89M | 0.01% |
278,500
+250,100
| +881% | +$8.02M |
|
2043
Axogen
AXGN
$2.27B
| $8.87M | 0.01% |
938,927
+762,002
| +431% | +$6.97M |
|
2044
Vertex
VERX
$2.09B
| $8.87M | 0.01% |
+428,649
| New | +$6.61M |
|
2045
InterContinental Hotels
IHG
$23.9B
| $8.87M | 0.01% |
133,133
+87,272
| +190% | +$5.9M |
|
2046
Chord Energy
CHRD
$7.9B
| $8.86M | 0.01% |
65,839
-88,825
| -57% | -$12.1M |
|
2047
FTI Consulting
FCN
$4.4B
| $8.85M | 0.01% |
44,829
+13,040
| +41% | +$2.27M |
|
2048
CALL
Church & Dwight Co
CHD
$23.4B
| $8.84M | 0.01% |
100,000
+81,600
| +443% | +$6.81M |
|
2049
iShares Russell 1000 Growth ETF
IWF
$121B
| $8.84M | 0.01% |
+144,712
| New | +$8.34M |
|
2050
ACV Auctions
ACVA
$1.31B
| $8.84M | 0.01% |
+684,503
| New | +$7.48M |
|
Similar funds
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.