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 | |
|---|---|---|---|---|---|---|
2076
Cullinan Oncology
CGEM
$1.14B
| $10.2M | 0.01% |
833,962
+45,395
| +6% | +$653K |
|
2077
PUT
Marathon Digital Holdings
MARA
$3.85B
| $10.1M | ﹤0.01% |
603,700
+371,100
| +160% | +$7.51M |
|
2078
PUT
JetBlue
JBLU
$2.29B
| $10.1M | ﹤0.01% |
1,287,300
-211,100
| -14% | -$1.43M |
|
2079
Dine Brands
DIN
$452M
| $10.1M | ﹤0.01% |
335,788
-212,421
| -39% | -$6.83M |
|
|
DX
2080
Dynex Capital
DX
$3.21B
| $10.1M | ﹤0.01% |
796,451
-945,543
| -54% | -$11.8M |
|
2081
PUT
Axsome Therapeutics
AXSM
$10.9B
| $10.1M | ﹤0.01% |
118,800
+86,400
| +267% | +$7.95M |
|
2082
John B. Sanfilippo & Son
JBSS
$972M
| $10.1M | ﹤0.01% |
115,372
+12,789
| +12% | +$1.13M |
|
2083
Varex Imaging
VREX
$523M
| $10M | ﹤0.01% |
687,997
-323,396
| -32% | -$4.52M |
|
2084
AMC Global Media
AMCX
$489M
| $10M | ﹤0.01% |
1,013,695
-509,709
| -33% | -$4.51M |
|
2085
Orion
OEC
$409M
| $10M | ﹤0.01% |
635,522
+65,549
| +12% | +$1.11M |
|
2086
MGE Energy Inc
MGEE
$3.08B
| $10M | ﹤0.01% |
106,611
+61,200
| +135% | +$5.91M |
|
2087
CALL
Ciena
CIEN
$58.4B
| $10M | ﹤0.01% |
+118,000
| New | +$8.47M |
|
2088
CALL
SLB Ltd
SLB
$75B
| $9.98M | ﹤0.01% |
260,400
-595,200
| -70% | -$25M |
|
2089
BBVA Argentina
BBAR
$3.49B
| $9.98M | ﹤0.01% |
523,438
+457,663
| +696% | +$6.95M |
|
2090
Koppers
KOP
$985M
| $9.97M | ﹤0.01% |
307,635
-12,734
| -4% | -$455K |
|
2091
CALL
Autodesk
ADSK
$52.6B
| $9.96M | ﹤0.01% |
33,700
+20,000
| +146% | +$5.91M |
|
2092
Fastenal
FAST
$59.5B
| $9.94M | ﹤0.01% |
276,500
-504,948
| -65% | -$19.7M |
|
2093
CALL
CME Group
CME
$94.8B
| $9.94M | ﹤0.01% |
42,800
-324,800
| -88% | -$74.7M |
|
2094
PUT
Eaton
ETN
$174B
| $9.92M | ﹤0.01% |
29,900
+20,200
| +208% | +$7.09M |
|
2095
ARS Pharmaceuticals
SPRY
$612M
| $9.91M | ﹤0.01% |
939,278
+452,532
| +93% | +$6.34M |
|
2096
Excelerate Energy
EE
$1.11B
| $9.91M | ﹤0.01% |
327,534
+35,199
| +12% | +$953K |
|
2097
Kura Sushi USA
KRUS
$593M
| $9.91M | ﹤0.01% |
109,363
+101,739
| +1,334% | +$9.52M |
|
2098
United Therapeutics
UTHR
$23.1B
| $9.9M | ﹤0.01% |
28,059
+19,013
| +210% | +$6.99M |
|
2099
California Resources
CRC
$4.62B
| $9.88M | ﹤0.01% |
+190,443
| New | +$10.3M |
|
2100
PUT
Veeva Systems
VEEV
$37.4B
| $9.88M | ﹤0.01% |
47,000
-200
| -0.4% | -$44K |
|
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.