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 | |
|---|---|---|---|---|---|---|
201
PUT
State Street Health Care Select Sector SPDR ETF
XLV
$42.1B
| $140M | 0.08% |
1,155,500
-299,900
| -21% | -$38.6M |
|
202
PUT
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$34.7B
| $140M | 0.08% |
1,365,000
+1,095,000
| +406% | +$121M |
|
203
Ferguson
FERG
$44.7B
| $140M | 0.08% |
1,358,286
+652,021
| +92% | +$76.1M |
|
204
Zimmer Biomet
ZBH
$17.7B
| $138M | 0.08% |
1,317,439
+1,060,636
| +413% | +$116M |
|
205
PUT
Johnson & Johnson
JNJ
$635B
| $137M | 0.08% |
840,800
+71,400
| +9% | +$12.1M |
|
206
TE Connectivity
TEL
$58.8B
| $136M | 0.08% |
1,235,163
+685,976
| +125% | +$85.4M |
|
207
CALL
iShares MSCI EAFE ETF
EFA
$76.4B
| $136M | 0.08% |
2,429,000
+228,000
| +10% | +$14.2M |
|
|
EDR
208
DELISTED
Endeavor Group Holdings, Inc.
EDR
| $135M | 0.08% |
6,684,647
+165,095
| +3% | +$3.73M |
|
209
Southern Company
SO
$110B
| $135M | 0.08% |
1,981,230
+1,954,279
| +7,251% | +$148M |
|
210
PUT
Visa
V
$677B
| $134M | 0.08% |
755,700
+35,300
| +5% | +$7.18M |
|
|
211
CALL
Amgen
AMGN
$203B
| $133M | 0.08% |
590,700
+206,000
| +54% | +$49.9M |
|
212
PUT
State Street Utilities Select Sector SPDR ETF
XLU
$24.1B
| $132M | 0.08% |
4,028,200
+2,108,600
| +110% | +$77.3M |
|
213
CALL
Gilead Sciences
GILD
$161B
| $132M | 0.08% |
2,136,100
+787,000
| +58% | +$49.6M |
|
214
PUT
Netflix
NFLX
$292B
| $132M | 0.08% |
5,591,000
-3,143,000
| -36% | -$69.8M |
|
215
CALL
Wells Fargo
WFC
$261B
| $131M | 0.08% |
3,266,900
+306,500
| +10% | +$13.2M |
|
|
216
CALL
Johnson & Johnson
JNJ
$635B
| $130M | 0.08% |
794,500
+166,800
| +27% | +$28.2M |
|
217
CALL
AbbVie
ABBV
$458B
| $129M | 0.08% |
961,000
+217,800
| +29% | +$31.3M |
|
218
Ares Management
ARES
$28.5B
| $129M | 0.08% |
2,080,439
+980,341
| +89% | +$68.5M |
|
219
HCA Healthcare
HCA
$84.8B
| $128M | 0.08% |
699,026
+292,058
| +72% | +$58.2M |
|
|
ZEN
220
DELISTED
ZENDESK INC
ZEN
| $128M | 0.08% |
1,683,287
+556,175
| +49% | +$42.2M |
|
|
221
PUT
AbbVie
ABBV
$458B
| $128M | 0.08% |
952,200
-121,600
| -11% | -$17.4M |
|
222
S&P Global
SPGI
$126B
| $128M | 0.08% |
418,186
+219,631
| +111% | +$78.6M |
|
223
CALL
NextEra Energy
NEE
$187B
| $127M | 0.08% |
1,624,900
+932,300
| +135% | +$79.1M |
|
224
Fastenal
FAST
$54B
| $127M | 0.08% |
5,528,958
+3,582,404
| +184% | +$90.3M |
|
225
Cognizant
CTSH
$21.5B
| $127M | 0.08% |
2,214,242
+2,143,676
| +3,038% | +$140M |
|
Similar funds
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.