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 | |
|---|---|---|---|---|---|---|
2151
CALL
United Airlines
UAL
$42.1B
| $9.65M | 0.01% |
296,800
-463,100
| -61% | -$17.2M |
|
|
INST
2152
DELISTED
Instructure Holdings, Inc.
INST
| $9.65M | 0.01% |
+433,009
| New | +$10.1M |
|
2153
Nurix Therapeutics
NRIX
$2.65B
| $9.64M | 0.01% |
739,925
-72,003
| -9% | -$1.14M |
|
|
ITQ
2154
DELISTED
Itiquira Acquisition Corp. Class A Ordinary Shares
ITQ
| $9.64M | 0.01% |
970,612
+305,086
| +46% | +$3.02M |
|
2155
Credo Technology Group
CRDO
$46.6B
| $9.63M | 0.01% |
875,635
+705,002
| +413% | +$9.29M |
|
2156
CONMED
CNMD
$1.47B
| $9.62M | 0.01% |
119,998
+87,818
| +273% | +$8.28M |
|
|
HIII
2157
DELISTED
Hudson Executive Investment Corp. III Class A Common Stock
HIII
| $9.61M | 0.01% |
976,222
+177,267
| +22% | +$1.74M |
|
|
SCLE
2158
DELISTED
Broadscale Acquisition Corp. Class A common stock
SCLE
| $9.6M | 0.01% |
974,398
-183,253
| -16% | -$1.8M |
|
2159
Novavax
NVAX
$1.31B
| $9.6M | 0.01% |
527,334
-342,076
| -39% | -$14.8M |
|
|
DGNU
2160
DELISTED
Dragoneer Growth Opportunities Corp. III Class A Ordinary Shares
DGNU
| $9.59M | 0.01% |
979,883
-1,029,036
| -51% | -$10.1M |
|
2161
Griffon
GFF
$4.86B
| $9.59M | 0.01% |
324,908
-579,144
| -64% | -$17.6M |
|
|
BSLK
2162
DELISTED
Bolt Projects Holdings
BSLK
| $9.58M | 0.01% |
48,828
+17,960
| +58% | +$3.52M |
|
|
ARBG
2163
DELISTED
Aequi Acquisition Corp
ARBG
| $9.57M | 0.01% |
959,113
-3,842
| -0.4% | -$38.2K |
|
2164
Algoma Steel
ASTL
$431M
| $9.55M | 0.01% |
1,483,142
+1,388,224
| +1,463% | +$12.4M |
|
2165
Nu Holdings
NU
$66.9B
| $9.54M | 0.01% |
+2,169,269
| New | +$9.96M |
|
|
DVAX
2166
DELISTED
Dynavax Technologies
DVAX
| $9.54M | 0.01% |
914,190
+707,112
| +341% | +$9.21M |
|
2167
Progyny
PGNY
$2.2B
| $9.54M | 0.01% |
257,306
-374,951
| -59% | -$14M |
|
|
OPA
2168
DELISTED
Magnum Opus Acquisition Limited
OPA
| $9.53M | 0.01% |
959,999
+188,328
| +24% | +$1.85M |
|
2169
DMC Global
BOOM
$157M
| $9.53M | 0.01% |
+596,306
| New | +$12.1M |
|
2170
iShares Core S&P Small-Cap ETF
IJR
$112B
| $9.52M | 0.01% |
109,191
-19,576
| -15% | -$1.9M |
|
2171
United Natural Foods
UNFI
$2.85B
| $9.51M | 0.01% |
276,709
-266,844
| -49% | -$11.4M |
|
2172
AES
AES
$10.5B
| $9.49M | 0.01% |
419,959
-725,633
| -63% | -$17.2M |
|
|
TCN
2173
DELISTED
Tricon Residential Inc.
TCN
| $9.49M | 0.01% |
1,097,144
-709,280
| -39% | -$7.49M |
|
|
HAIA
2174
DELISTED
Healthcare AI Acquisition Corp. Class A Ordinary Shares
HAIA
| $9.48M | 0.01% |
940,396
+405,771
| +76% | +$4.05M |
|
2175
RB Global
RBA
$17.5B
| $9.48M | 0.01% |
151,775
+138,107
| +1,010% | +$9.39M |
|
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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.