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 Bitcoin Trust
IBIT
|
+$651M |
| 2 |
Fidelity Wise Origin Bitcoin Fund
FBTC
|
+$622M |
| 3 |
Merck
MRK
|
+$496M |
| 4 |
Adobe
ADBE
|
+$446M |
| 5 |
CRH
CRH
|
+$410M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares Core S&P 500 ETF
IVV
|
+$4.33B |
| 2 |
Microsoft
MSFT
|
+$965M |
| 3 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$542M |
| 4 |
NVIDIA
NVDA
|
+$522M |
| 5 |
Linde
LIN
|
+$377M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 8.55% |
| 2 | Healthcare | 6.96% |
| 3 | Financials | 6.02% |
| 4 | Industrials | 5.05% |
| 5 | Consumer Discretionary | 4.78% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
2351
Preferred Bank
PFBC
$1.24B
| $7.56M | ﹤0.01% |
98,487
-191,780
| -66% | -$13.9M |
|
2352
Helios Technologies
HLIO
$2.57B
| $7.54M | ﹤0.01% |
168,752
-28,625
| -15% | -$1.23M |
|
2353
XBiotech
XBIT
$68M
| $7.54M | ﹤0.01% |
927,368
+131,642
| +17% | +$754K |
|
2354
CALL
ON Semiconductor
ON
$31.8B
| $7.53M | ﹤0.01% |
102,400
-134,500
| -57% | -$10.3M |
|
|
HSII
2355
DELISTED
Heidrick & Struggles
HSII
| $7.53M | ﹤0.01% |
223,604
-111,010
| -33% | -$3.37M |
|
2356
PUT
Valaris
VAL
$5.48B
| $7.53M | ﹤0.01% |
+100,000
| New | +$6.7M |
|
2357
Donnelley Financial Solutions
DFIN
$1.16B
| $7.51M | ﹤0.01% |
121,184
+16,092
| +15% | +$1.01M |
|
2358
Collegium Pharmaceutical
COLL
$1.15B
| $7.51M | ﹤0.01% |
193,371
-250,274
| -56% | -$8.76M |
|
2359
Insmed
INSM
$21.4B
| $7.5M | ﹤0.01% |
276,618
-1,328,383
| -83% | -$37.2M |
|
2360
Arthur J. Gallagher & Co
AJG
$64.1B
| $7.5M | ﹤0.01% |
30,004
+9,179
| +44% | +$2.21M |
|
|
NVEI
2361
CALL
DELISTED
Nuvei Corporation Subordinate Voting Shares
NVEI
| $7.5M | ﹤0.01% |
+237,100
| New | +$6M |
|
|
CVII
2362
DELISTED
Churchill Capital Corp VII Class A Common Stock
CVII
| $7.49M | ﹤0.01% |
700,000
| – | – |
|
2363
Installed Building Products
IBP
$6.01B
| $7.48M | ﹤0.01% |
28,907
+21,744
| +304% | +$4.66M |
|
2364
Fortuna Silver Mines
FSM
$2.55B
| $7.48M | ﹤0.01% |
2,007,412
+495,895
| +33% | +$1.59M |
|
2365
America's Car Mart
CRMT
$26.6M
| $7.47M | ﹤0.01% |
+117,005
| New | +$7.42M |
|
2366
CALL
Norwegian Cruise Line
NCLH
$8.51B
| $7.43M | ﹤0.01% |
355,200
+258,900
| +269% | +$4.71M |
|
|
AGNT
2367
AGNT Inc
AGNT
$666M
| $7.42M | ﹤0.01% |
718,353
+504,984
| +237% | +$6.19M |
|
2368
AngioDynamics
ANGO
$611M
| $7.42M | ﹤0.01% |
1,263,593
-572,184
| -31% | -$3.4M |
|
2369
Ternium
TX
$9.67B
| $7.42M | ﹤0.01% |
178,174
-511,431
| -74% | -$20.3M |
|
2370
MannKind Corp
MNKD
$1.21B
| $7.42M | ﹤0.01% |
1,636,921
+752,916
| +85% | +$2.96M |
|
2371
CALL
Sun Life Financial
SLF
$46B
| $7.41M | ﹤0.01% |
100,300
-284,700
| -74% | -$15.1M |
|
2372
CALL
Macy's
M
$6.53B
| $7.4M | ﹤0.01% |
370,200
-218,300
| -37% | -$4.22M |
|
2373
Verastem
VSTM
$510M
| $7.39M | ﹤0.01% |
625,942
+542,828
| +653% | +$6.27M |
|
|
BASE
2374
DELISTED
Couchbase
BASE
| $7.37M | ﹤0.01% |
280,283
+79,030
| +39% | +$2.05M |
|
2375
CALL
Insulet
PODD
$11.5B
| $7.37M | ﹤0.01% |
43,000
+36,000
| +514% | +$6.71M |
|
Similar funds
Millennium Management's Q1 2024 Portfolio in Review
As of Q1 2024, Millennium Management held 6,887 positions worth $234B, up 1.3% from $231B the previous quarter. Its ten largest holdings account for 17% of the portfolio.
Millennium Management withdrew a net $25.1B in Q1 2024, closing 745 positions and reducing 2,484 holdings. Its most notable exit was Splunk Inc, an estimated $319M position sold in full.
By sector, the portfolio is most concentrated in Technology at 8.5% of assets, up from 8.3% a quarter earlier, followed by Healthcare and Financials.
Against the trend, Millennium Management opened a new position in iShares Bitcoin Trust worth $844M.
- Millennium Management's largest Q1 2024 buy was iShares Bitcoin Trust: 20,859,447 shares worth $844M.
- Millennium Management added most to Merck in Q1 2024, an estimated $496M increase.
- Millennium Management's biggest Q1 2024 reduction was iShares Core S&P 500 ETF, cutting an estimated $4.33B.
- Millennium Management fully exited Splunk Inc in Q1 2024, selling an estimated $319M.
- Millennium Management's ten largest holdings make up 17% of its $234B portfolio in Q1 2024.
- Millennium Management opened 858 new positions and closed 745 in Q1 2024.
- Millennium Management's portfolio value rose 1.3% quarter-over-quarter to $234B.
Based on Millennium Management's 13F filing for Q1 2024, filed 15 May 2024.