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 |
Broadcom
AVGO
|
+$1.14B |
| 2 |
iShares Russell 1000 ETF
IWB
|
+$810M |
| 3 |
Meta Platforms (Facebook)
META
|
+$715M |
| 4 |
Amazon
AMZN
|
+$641M |
| 5 |
UnitedHealth
UNH
|
+$498M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$2.98B |
| 2 |
Spotify
SPOT
|
+$1.17B |
| 3 |
Microsoft
MSFT
|
+$856M |
| 4 |
Apollo Global Management
APO
|
+$726M |
| 5 |
Workday
WDAY
|
+$440M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 8.85% |
| 2 | Financials | 8.25% |
| 3 | Healthcare | 7.07% |
| 4 | Industrials | 5.93% |
| 5 | Consumer Discretionary | 5.44% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
2026
Patria Investments
PAX
$1.86B
| $10.6M | 0.01% |
915,407
+195,616
| +27% | +$2.31M |
|
2027
PUT
US Bancorp
USB
$99.6B
| $10.6M | 0.01% |
222,300
+52,300
| +31% | +$2.57M |
|
2028
AtriCure
ATRC
$2.11B
| $10.6M | 0.01% |
347,836
-6,309
| -2% | -$203K |
|
2029
RadNet
RDNT
$5.69B
| $10.6M | 0.01% |
151,833
-708,583
| -82% | -$52.3M |
|
2030
PUT
SiriusXM
SIRI
$10.1B
| $10.6M | 0.01% |
464,800
+153,800
| +49% | +$3.92M |
|
2031
Relay Therapeutics
RLAY
$4.33B
| $10.6M | 0.01% |
2,568,384
+1,508,777
| +142% | +$8.21M |
|
2032
Green Plains
GPRE
$1.03B
| $10.6M | 0.01% |
1,116,051
-73,038
| -6% | -$823K |
|
|
ACCD
2033
DELISTED
Accolade Inc
ACCD
| $10.6M | 0.01% |
3,090,861
-897,022
| -22% | -$3.19M |
|
2034
CALL
AutoZone
AZO
$51.1B
| $10.6M | 0.01% |
3,300
-100
| -3% | -$317K |
|
2035
Hawkins
HWKN
$2.71B
| $10.6M | 0.01% |
86,100
+64,110
| +292% | +$8.09M |
|
2036
PAR Technology
PAR
$735M
| $10.5M | 0.01% |
145,112
+88,744
| +157% | +$6.07M |
|
|
2037
CALL
SiriusXM
SIRI
$10.1B
| $10.5M | 0.01% |
461,500
+14,100
| +3% | +$360K |
|
2038
Adient
ADNT
$1.5B
| $10.5M | 0.01% |
610,312
+581,779
| +2,039% | +$11.6M |
|
2039
Amneal Pharmaceuticals
AMRX
$5.79B
| $10.5M | 0.01% |
1,324,556
+506,972
| +62% | +$4.25M |
|
2040
Erasca
ERAS
$6.39B
| $10.5M | 0.01% |
4,177,900
+1,767,350
| +73% | +$4.85M |
|
2041
Insight Enterprises
NSIT
$4.38B
| $10.5M | 0.01% |
68,893
+64,811
| +1,588% | +$11.6M |
|
2042
Eastman Chemical
EMN
$8.42B
| $10.5M | 0.01% |
114,676
+112,802
| +6,019% | +$11.6M |
|
|
TIGR
2043
UP Fintech Holding
TIGR
$860M
| $10.5M | 0.01% |
1,620,968
+1,561,617
| +2,631% | +$10.7M |
|
2044
Frontier Group Holdings
ULCC
$1.7B
| $10.4M | 0.01% |
1,469,527
-393,352
| -21% | -$2.45M |
|
2045
Sabra Healthcare REIT
SBRA
$5.37B
| $10.4M | 0.01% |
602,790
-783,100
| -57% | -$14.3M |
|
2046
West Fraser Timber
WFG
$5.65B
| $10.4M | 0.01% |
120,391
+29,092
| +32% | +$2.73M |
|
2047
Diamondrock Hospitality Co
DRH
$2.56B
| $10.4M | 0.01% |
1,153,340
-1,393,598
| -55% | -$12.7M |
|
2048
Compañía de Minas Buenaventura
BVN
$8.67B
| $10.4M | 0.01% |
903,483
-1,231,089
| -58% | -$15.8M |
|
2049
State Street SPDR S&P Metals & Mining ETF
XME
$4.42B
| $10.4M | 0.01% |
183,295
+170,490
| +1,331% | +$11M |
|
2050
Transocean
RIG
$5.82B
| $10.4M | 0.01% |
2,773,861
+1,039,874
| +60% | +$4.32M |
|
Similar funds
Millennium Management's Q4 2024 Portfolio in Review
As of Q4 2024, Millennium Management held 6,700 positions worth $205B, down 3% from $211B the previous quarter. Its ten largest holdings account for 16% of the portfolio.
Millennium Management withdrew a net $13.8B in Q4 2024, closing 810 positions and reducing 2,557 holdings. Its most notable exit was Southwestern Energy Company, an estimated $340M position sold in full.
By sector, the portfolio is most concentrated in Technology at 8.8% of assets, up from 8.6% a quarter earlier, followed by Financials and Healthcare.
Against the trend, Millennium Management opened a new position in NextEra Energy 7.234% Corporate Units worth $5.03M.
- Millennium Management's largest Q4 2024 buy was NextEra Energy 7.234% Corporate Units: 5,500,000 shares worth $5.03M.
- Millennium Management added most to Broadcom in Q4 2024, an estimated $1.14B increase.
- Millennium Management's biggest Q4 2024 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $2.98B.
- Millennium Management fully exited Southwestern Energy Company in Q4 2024, selling an estimated $340M.
- Millennium Management's ten largest holdings make up 16% of its $205B portfolio in Q4 2024.
- Millennium Management opened 681 new positions and closed 810 in Q4 2024.
- Millennium Management's portfolio value fell 3% quarter-over-quarter to $205B.
Based on Millennium Management's 13F filing for Q4 2024, filed 14 Feb 2025.