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 |
Broadcom
AVGO
|
+$1.14B |
| 2 |
iShares Russell 1000 ETF
IWB
|
+$810M |
| 3 |
Meta Platforms (Facebook)
META
|
+$715M |
| 4 |
Amazon
AMZN
|
+$641M |
| 5 |
UnitedHealth
UNH
|
+$498M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$2.98B |
| 2 |
Spotify
SPOT
|
+$1.17B |
| 3 |
Microsoft
MSFT
|
+$856M |
| 4 |
Apollo Global Management
APO
|
+$726M |
| 5 |
Workday
WDAY
|
+$440M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 8.85% |
| 2 | Financials | 8.25% |
| 3 | Healthcare | 7.07% |
| 4 | Industrials | 5.93% |
| 5 | Consumer Discretionary | 5.44% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
2401
CALL
Simon Property Group
SPG
$72B
| $7.01M | ﹤0.01% |
40,700
+16,100
| +65% | +$2.83M |
|
|
SEZL
2402
Sezzle
SEZL
$5.77B
| $7.01M | ﹤0.01% |
164,388
+104,106
| +173% | +$4.92M |
|
|
2403
CALL
Apollo Global Management
APO
$73.5B
| $7M | ﹤0.01% |
42,400
-346,900
| -89% | -$55M |
|
|
FYBR
2404
PUT
DELISTED
Frontier Communications
FYBR
| $7M | ﹤0.01% |
201,800
+43,000
| +27% | +$1.51M |
|
2405
NetApp
NTAP
$37.5B
| $7M | ﹤0.01% |
60,303
-26,267
| -30% | -$3.21M |
|
2406
Rayonier Advanced Materials
RYAM
$610M
| $6.99M | ﹤0.01% |
846,678
+473,723
| +127% | +$3.98M |
|
2407
CALL
Kinder Morgan
KMI
$69.6B
| $6.98M | ﹤0.01% |
254,800
+85,000
| +50% | +$2.22M |
|
2408
CALL
Canadian Imperial Bank of Commerce
CM
$108B
| $6.98M | ﹤0.01% |
77,500
-3,200
| -4% | -$203K |
|
2409
Hayward Holdings
HAYW
$3.31B
| $6.96M | ﹤0.01% |
+455,369
| New | +$7.13M |
|
|
SNCY
2410
DELISTED
Sun Country Airlines
SNCY
| $6.96M | ﹤0.01% |
477,029
+304,343
| +176% | +$4.13M |
|
2411
Innoviva
INVA
$1.56B
| $6.95M | ﹤0.01% |
400,613
+324,515
| +426% | +$6.23M |
|
2412
Immersion
IMMR
$247M
| $6.94M | ﹤0.01% |
794,767
+446,623
| +128% | +$3.9M |
|
2413
PUT
On Holding
ONON
$12.5B
| $6.93M | ﹤0.01% |
126,600
-39,200
| -24% | -$2.08M |
|
2414
H&R Block
HRB
$5.81B
| $6.93M | ﹤0.01% |
131,151
-159,364
| -55% | -$9.36M |
|
2415
PUT
Molina Healthcare
MOH
$9.97B
| $6.93M | ﹤0.01% |
23,800
-2,700
| -10% | -$834K |
|
2416
CALL
Arbor Realty Trust
ABR
$957M
| $6.92M | ﹤0.01% |
500,000
| – | – |
|
2417
Honda
HMC
$40B
| $6.91M | ﹤0.01% |
242,161
-258,280
| -52% | -$7.3M |
|
|
SILA
2418
DELISTED
Sila Realty Trust
SILA
| $6.89M | ﹤0.01% |
283,194
-626,248
| -69% | -$15.8M |
|
2419
CALL
Illumina
ILMN
$28.7B
| $6.88M | ﹤0.01% |
51,000
+30,200
| +145% | +$4.3M |
|
2420
UroGen Pharma
URGN
$2.27B
| $6.88M | ﹤0.01% |
645,785
-853,416
| -57% | -$10.2M |
|
2421
CALL
Veeva Systems
VEEV
$35B
| $6.85M | ﹤0.01% |
32,600
-300
| -0.9% | -$66K |
|
2422
Mercury Insurance
MCY
$5.9B
| $6.82M | ﹤0.01% |
102,585
-50,925
| -33% | -$3.58M |
|
|
ABVX
2423
Abivax
ABVX
$11.4B
| $6.82M | ﹤0.01% |
931,179
+285,542
| +44% | +$2.63M |
|
2424
PUT
AstraZeneca
AZN
$249B
| $6.81M | ﹤0.01% |
51,950
-34,500
| -40% | -$4.83M |
|
2425
CALL
Carrier Global
CARR
$52.8B
| $6.8M | ﹤0.01% |
99,600
-2,500
| -2% | -$189K |
|
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Millennium Management's Q4 2024 Portfolio in Review
As of Q4 2024, Millennium Management held 6,700 positions worth $205B, down 3% from $211B the previous quarter. Its ten largest holdings account for 16% of the portfolio.
Millennium Management withdrew a net $13.8B in Q4 2024, closing 810 positions and reducing 2,557 holdings. Its most notable exit was Southwestern Energy Company, an estimated $340M position sold in full.
By sector, the portfolio is most concentrated in Technology at 8.8% of assets, up from 8.6% a quarter earlier, followed by Financials and Healthcare.
Against the trend, Millennium Management opened a new position in NextEra Energy 7.234% Corporate Units worth $5.03M.
- Millennium Management's largest Q4 2024 buy was NextEra Energy 7.234% Corporate Units: 5,500,000 shares worth $5.03M.
- Millennium Management added most to Broadcom in Q4 2024, an estimated $1.14B increase.
- Millennium Management's biggest Q4 2024 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $2.98B.
- Millennium Management fully exited Southwestern Energy Company in Q4 2024, selling an estimated $340M.
- Millennium Management's ten largest holdings make up 16% of its $205B portfolio in Q4 2024.
- Millennium Management opened 681 new positions and closed 810 in Q4 2024.
- Millennium Management's portfolio value fell 3% quarter-over-quarter to $205B.
Based on Millennium Management's 13F filing for Q4 2024, filed 14 Feb 2025.