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 |
iShares Core S&P 500 ETF
IVV
|
+$1.59B |
| 2 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$1.04B |
| 3 |
Microsoft
MSFT
|
+$794M |
| 4 |
Home Depot
HD
|
+$512M |
| 5 |
Vertex Pharmaceuticals
VRTX
|
+$357M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Tesla
TSLA
|
+$491M |
| 2 |
Linde
LIN
|
+$373M |
| 3 |
State Street Health Care Select Sector SPDR ETF
XLV
|
+$298M |
| 4 |
State Street Energy Select Sector SPDR ETF
XLE
|
+$290M |
| 5 |
Salesforce
CRM
|
+$249M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 8.37% |
| 2 | Healthcare | 7.45% |
| 3 | Consumer Discretionary | 5.14% |
| 4 | Industrials | 5.1% |
| 5 | Financials | 4.95% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
2101
PepsiCo
PEP
$196B
| $8.76M | ﹤0.01% |
47,270
-257,683
| -84% | -$48.1M |
|
2102
HealthStream
HSTM
$863M
| $8.75M | ﹤0.01% |
356,324
-34,495
| -9% | -$856K |
|
|
RVNC
2103
DELISTED
Revance Therapeutics, Inc.
RVNC
| $8.74M | ﹤0.01% |
345,458
+232,891
| +207% | +$7.25M |
|
|
PPBI
2104
DELISTED
Pacific Premier Bancorp
PPBI
| $8.72M | ﹤0.01% |
421,715
+160,989
| +62% | +$3.36M |
|
2105
CALL
AT&T
T
$164B
| $8.72M | ﹤0.01% |
546,300
-216,600
| -28% | -$3.69M |
|
2106
New Mountain Finance
NMFC
$654M
| $8.7M | ﹤0.01% |
699,601
+92,516
| +15% | +$1.12M |
|
2107
Mueller Water Products
MWA
$3.94B
| $8.69M | ﹤0.01% |
535,183
-401,998
| -43% | -$5.72M |
|
2108
iShares MSCI France ETF
EWQ
$328M
| $8.66M | ﹤0.01% |
+224,842
| New | +$8.63M |
|
|
MRO
2109
CALL
DELISTED
Marathon Oil Corporation
MRO
| $8.66M | ﹤0.01% |
376,100
+173,300
| +85% | +$4.08M |
|
2110
McGrath RentCorp
MGRC
$2.87B
| $8.66M | ﹤0.01% |
93,609
-232,841
| -71% | -$21.3M |
|
|
BWIN
2111
Baldwin Insurance Group
BWIN
$2.75B
| $8.66M | ﹤0.01% |
349,282
+328,342
| +1,568% | +$7.77M |
|
2112
National Bank Holdings
NBHC
$1.9B
| $8.65M | ﹤0.01% |
297,989
-1,312
| -0.4% | -$41K |
|
2113
PUT
Kroger
KR
$36.7B
| $8.64M | ﹤0.01% |
183,800
-121,900
| -40% | -$5.81M |
|
2114
CALL
NovoCure
NVCR
$1.77B
| $8.63M | ﹤0.01% |
+207,900
| New | +$12.9M |
|
2115
Community Bank
CBU
$3.39B
| $8.62M | ﹤0.01% |
183,828
+62,933
| +52% | +$3.08M |
|
|
ILPT
2116
Industrial Logistics Properties Trust
ILPT
$582M
| $8.6M | ﹤0.01% |
2,607,544
+1,139,030
| +78% | +$2.54M |
|
2117
PUT
Ferrari
RACE
$67.8B
| $8.59M | ﹤0.01% |
26,400
-4,700
| -15% | -$1.37M |
|
|
TE
2118
T1 Energy
TE
$1.04B
| $8.59M | ﹤0.01% |
918,215
+689,109
| +301% | +$5.18M |
|
2119
CALL
Alnylam Pharmaceuticals
ALNY
$38.3B
| $8.59M | ﹤0.01% |
+45,200
| New | +$8.96M |
|
2120
Kohl's
KSS
$2.16B
| $8.58M | ﹤0.01% |
372,369
-1,623,624
| -81% | -$35.1M |
|
2121
Liberty Broadband Class C
LBRDK
$4.89B
| $8.58M | ﹤0.01% |
107,081
-39,432
| -27% | -$3.05M |
|
2122
Aclaris Therapeutics
ACRS
$715M
| $8.58M | ﹤0.01% |
827,084
+766,221
| +1,259% | +$6.93M |
|
2123
Match Group
MTCH
$9.19B
| $8.57M | ﹤0.01% |
204,685
-757,700
| -79% | -$27.7M |
|
2124
BlackLine
BL
$1.9B
| $8.56M | ﹤0.01% |
159,121
+34,551
| +28% | +$1.92M |
|
2125
PUT
Moody's
MCO
$83.7B
| $8.55M | ﹤0.01% |
24,600
+23,700
| +2,633% | +$7.51M |
|
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Millennium Management's Q2 2023 Portfolio in Review
As of Q2 2023, Millennium Management held 7,181 positions worth $203B, up 16% from $174B the previous quarter. Its ten largest holdings account for 26% of the portfolio.
Millennium Management deployed $14B of net new capital in Q2 2023, opening 869 new positions and adding to 2,214 existing holdings. Its largest new stake was ResMed: 632,015 shares worth $138M.
By sector, the portfolio is most concentrated in Technology at 8.4% of assets, up from 8.4% a quarter earlier, followed by Healthcare and Consumer Discretionary.
On the sell side, the largest reduction was Tesla, an estimated $491M trimmed.
- Millennium Management's largest Q2 2023 buy was ResMed: 632,015 shares worth $138M.
- Millennium Management added most to iShares Core S&P 500 ETF in Q2 2023, an estimated $1.59B increase.
- Millennium Management's biggest Q2 2023 reduction was Tesla, cutting an estimated $491M.
- Millennium Management fully exited Shaw Communications Inc. in Q2 2023, selling an estimated $237M.
- Millennium Management's ten largest holdings make up 26% of its $203B portfolio in Q2 2023.
- Millennium Management opened 869 new positions and closed 1,192 in Q2 2023.
- Millennium Management's portfolio value rose 16% quarter-over-quarter to $203B.
Based on Millennium Management's 13F filing for Q2 2023, filed 14 Aug 2023.