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 | |
|---|---|---|---|---|---|---|
2126
CALL
Baker Hughes
BKR
$60B
| $8.08M | ﹤0.01% |
280,100
+263,900
| +1,629% | +$7.98M |
|
2127
PUT
iQIYI
IQ
$1.23B
| $8.08M | ﹤0.01% |
+1,110,000
| New | +$7.62M |
|
|
LOCC
2128
DELISTED
Live Oak Crestview Climate Acquisition Corp.
LOCC
| $8.08M | ﹤0.01% |
800,000
| – | – |
|
2129
TORM
TRMD
$3.1B
| $8.08M | ﹤0.01% |
259,534
-226,648
| -47% | -$6.9M |
|
|
BDN
2130
Brandywine Realty Trust
BDN
$524M
| $8.07M | ﹤0.01% |
1,706,657
-3,892,961
| -70% | -$22.8M |
|
2131
Afya
AFYA
$1.31B
| $8.07M | ﹤0.01% |
722,803
+446,717
| +162% | +$5.87M |
|
2132
CALL
Walt Disney
DIS
$167B
| $8.04M | ﹤0.01% |
80,300
-438,900
| -85% | -$44.2M |
|
2133
DNOW Inc
DNOW
$2.58B
| $8.03M | ﹤0.01% |
720,545
+150,011
| +26% | +$1.88M |
|
2134
CALL
Rivian
RIVN
$22B
| $8.03M | ﹤0.01% |
+518,500
| New | +$8.76M |
|
2135
CALL
American Airlines Group
AAL
$10.1B
| $8.01M | ﹤0.01% |
542,800
-437,400
| -45% | -$6.82M |
|
2136
Bloom Energy
BE
$60.6B
| $7.99M | ﹤0.01% |
400,644
-460,043
| -53% | -$10.1M |
|
2137
Covenant Logistics
CVLG
$894M
| $7.98M | ﹤0.01% |
450,358
+115,340
| +34% | +$2M |
|
2138
Laureate Education
LAUR
$5.28B
| $7.97M | ﹤0.01% |
677,728
-3,138,603
| -82% | -$34.5M |
|
2139
PUT
Chewy
CHWY
$9.25B
| $7.97M | ﹤0.01% |
213,100
+1,200
| +0.6% | +$49.7K |
|
2140
PUT
Lyft
LYFT
$6.02B
| $7.96M | ﹤0.01% |
859,100
+400,500
| +87% | +$4.84M |
|
2141
Bentley Systems
BSY
$10.8B
| $7.96M | ﹤0.01% |
185,192
+50,702
| +38% | +$2.02M |
|
|
X
2142
DELISTED
US Steel
X
| $7.96M | ﹤0.01% |
305,003
-49,127
| -14% | -$1.36M |
|
2143
Fabrinet
FN
$15.6B
| $7.96M | ﹤0.01% |
67,023
+53,976
| +414% | +$6.71M |
|
|
TIG
2144
DELISTED
Trean Insurance Group, Inc. Common Stock
TIG
| $7.96M | ﹤0.01% |
1,300,000
-111,934
| -8% | -$680K |
|
2145
Five Below
FIVE
$12B
| $7.94M | ﹤0.01% |
38,568
+14,239
| +59% | +$2.8M |
|
|
KZR
2146
DELISTED
Kezar Life Sciences
KZR
| $7.94M | ﹤0.01% |
253,710
-35,940
| -12% | -$2.08M |
|
2147
Xenon Pharmaceuticals
XENE
$6.06B
| $7.93M | ﹤0.01% |
221,470
-373,071
| -63% | -$13.8M |
|
|
ZLS
2148
DELISTED
Zalatoris II Acquisition Corp Class A Ordinary Shares
ZLS
| $7.88M | ﹤0.01% |
772,600
-48,061
| -6% | -$486K |
|
2149
Star Bulk Carriers
SBLK
$3.21B
| $7.88M | ﹤0.01% |
373,064
+49,449
| +15% | +$1.08M |
|
2150
Treace Medical Concepts
TMCI
$280M
| $7.88M | ﹤0.01% |
312,751
+264,490
| +548% | +$6.21M |
|
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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.