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 |
DRE
Duke Realty Corp.
DRE
|
+$886M |
| 2 |
Chevron
CVX
|
+$595M |
| 3 |
Union Pacific
UNP
|
+$360M |
| 4 |
Baxter International
BAX
|
+$276M |
| 5 |
Xcel Energy
XEL
|
+$252M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Invesco QQQ Trust
QQQ
|
+$520M |
| 2 |
NXP Semiconductors
NXPI
|
+$248M |
| 3 |
Oracle
ORCL
|
+$242M |
| 4 |
Amgen
AMGN
|
+$197M |
| 5 |
Eli Lilly
LLY
|
+$186M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 8.12% |
| 2 | Technology | 7.86% |
| 3 | Healthcare | 6.8% |
| 4 | Industrials | 5.01% |
| 5 | Consumer Discretionary | 4.23% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
2051
Bath & Body Works
BBWI
$4.1B
| $10.3M | 0.01% |
315,886
-2,224,671
| -88% | -$78.5M |
|
|
CD
2052
DELISTED
Chindata Group Holdings Limited American Depositary Shares
CD
| $10.3M | 0.01% |
1,274,340
-316,428
| -20% | -$2.44M |
|
2053
Grupo Aeroportuario Centro Norte
OMAB
$5.33B
| $10.3M | 0.01% |
205,227
+55,766
| +37% | +$2.92M |
|
2054
West Fraser Timber
WFG
$5.65B
| $10.3M | 0.01% |
142,141
+136,047
| +2,232% | +$11.8M |
|
2055
Concentrix
CNXC
$1.57B
| $10.3M | 0.01% |
92,120
+20,923
| +29% | +$2.68M |
|
|
ABP
2056
DELISTED
Abpro Holdings
ABP
| $10.3M | 0.01% |
34,169
+6,827
| +25% | +$2.05M |
|
|
FCAX
2057
DELISTED
Fortress Capital Acquisition Corp.
FCAX
| $10.3M | 0.01% |
1,031,654
-1,278
| -0.1% | -$12.7K |
|
2058
Xylem
XYL
$28.1B
| $10.3M | 0.01% |
117,382
-62,827
| -35% | -$5.71M |
|
2059
Manitowoc
MTW
$675M
| $10.3M | 0.01% |
1,322,650
+900,123
| +213% | +$9.11M |
|
|
ALE
2060
DELISTED
Allete
ALE
| $10.2M | 0.01% |
204,743
-531,044
| -72% | -$31.6M |
|
|
TBRG
2061
DELISTED
TruBridge
TBRG
| $10.2M | 0.01% |
367,414
+335,834
| +1,063% | +$10.4M |
|
2062
Ford
F
$55.7B
| $10.2M | 0.01% |
913,914
-4,725,460
| -84% | -$66.1M |
|
2063
Maximus
MMS
$3.1B
| $10.2M | 0.01% |
176,711
+76,542
| +76% | +$4.77M |
|
2064
Hormel Foods
HRL
$13.8B
| $10.2M | 0.01% |
+225,013
| New | +$10.9M |
|
2065
Teradata
TDC
$2.55B
| $10.2M | 0.01% |
328,664
-63,846
| -16% | -$2.23M |
|
|
DNAB
2066
DELISTED
Social Capital Suvretta Holdings Corp. II Class A Ordinary Shares
DNAB
| $10.2M | 0.01% |
1,041,407
+162,115
| +18% | +$1.58M |
|
|
CFLT
2067
DELISTED
Confluent
CFLT
| $10.2M | 0.01% |
429,287
-446,286
| -51% | -$12M |
|
2068
MSC Industrial Direct
MSM
$6.86B
| $10.2M | 0.01% |
139,980
-99,473
| -42% | -$7.84M |
|
2069
Independent Bank
INDB
$3.97B
| $10.2M | 0.01% |
136,742
+117,254
| +602% | +$9.48M |
|
2070
Thermo Fisher Scientific
TMO
$220B
| $10.2M | 0.01% |
20,083
-52,907
| -72% | -$29.6M |
|
2071
On Holding
ONON
$12.5B
| $10.2M | 0.01% |
634,240
+170,029
| +37% | +$3.39M |
|
2072
Kraft Heinz
KHC
$30B
| $10.2M | 0.01% |
304,917
-2,478,368
| -89% | -$92.1M |
|
2073
First Merchants
FRME
$2.67B
| $10.2M | 0.01% |
262,760
+254,562
| +3,105% | +$10.1M |
|
|
AFTR
2074
DELISTED
AfterNext HealthTech Acquisition Corp
AFTR
| $10.2M | 0.01% |
1,040,000
| – | – |
|
|
OSH
2075
DELISTED
Oak Street Health, Inc.
OSH
| $10.2M | 0.01% |
414,394
-122,212
| -23% | -$3.23M |
|
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Millennium Management's Q3 2022 Portfolio in Review
As of Q3 2022, Millennium Management held 7,917 positions worth $169B, up 4.9% from $161B the previous quarter. Its ten largest holdings account for 23% of the portfolio.
Millennium Management deployed $14.7B of net new capital in Q3 2022, opening 1,007 new positions and adding to 2,598 existing holdings. Its largest new stake was Rockwell Automation: 953,525 shares worth $205M.
By sector, the portfolio is most concentrated in Financials at 8.1% of assets, up from 7.6% a quarter earlier, followed by Technology and Healthcare.
On the sell side, the largest reduction was Invesco QQQ Trust, an estimated $520M trimmed.
- Millennium Management's largest Q3 2022 buy was Rockwell Automation: 953,525 shares worth $205M.
- Millennium Management added most to Duke Realty Corp. in Q3 2022, an estimated $886M increase.
- Millennium Management's biggest Q3 2022 reduction was Invesco QQQ Trust, cutting an estimated $520M.
- Millennium Management fully exited Coherent Inc in Q3 2022, selling an estimated $114M.
- Millennium Management's ten largest holdings make up 23% of its $169B portfolio in Q3 2022.
- Millennium Management opened 1,007 new positions and closed 906 in Q3 2022.
- Millennium Management's portfolio value rose 4.9% quarter-over-quarter to $169B.
Based on Millennium Management's 13F filing for Q3 2022, filed 14 Nov 2022.