MILLENNIUM MANAGEMENT LLC
NEW YORK NY
Investment Advisor
Hedge Fund
Millennium Management is based out of New York and is run by Israel (Izzy) Englander. Millennium Management is a hedge fund with 15 clients and discretionary assets under management (AUM) of $505,942,442,915 (Form ADV from 2024-07-26). Their last reported 13F filing for Q2 2024 included $215,933,040,247 in managed 13F securities
and a top 10 holdings concentration of 15.89%. Millennium Management's largest holding is iShares Russell 2000 ETF- with shares held of 27,221,300. Whalewisdom has at least 80 13F filings, 1 13D filings, and 341 13G filings
Business Description
Millennium Management LLC, a Delaware limited liability company, has been in business since 1989. They provide discretionary investment advisory services to certain private funds in accordance with their investment objectives and strategies. These strategies are broadly described in Item 8 of the Brochure. Additionally, one of their Relying Advisers entered into a separately managed account agreement in March 2023 to provide discretionary investment advisory services to an institutional investor. These services are tailored based on the investor’s individual investment objectives, guidelines, and/or limitations on the types of securities and other instruments in which the given portfolio may invest.
Millennium Management also works with brokers, including prime brokers, who may engage in activities such as making investor introductions or acting as an investment adviser to prospective investors. These brokers provide capital introduction and marketing assistance services, and Millennium Management representatives speak at conferences and programs sponsored by the brokers. While Millennium Management does not directly compensate any prime broker for engaging in such activities, these brokers may advise private funds or clients that make investments in Millennium Management funds or facilitate such investments in other ways.
Investment Strategy
WorldQuant, acting as a Portfolio Manager, develops investment strategies and allocates them among various clients, including the WMA Funds, Millennium Partners Funds, and a Separate Account. The allocation process considers factors like the strategy's characteristics, the client's risk and return profile, and other relevant considerations. These strategies are designed to achieve specific performance and risk levels, but success is not guaranteed.
The allocation of strategies is based on simulated results, which may not reflect actual performance. The allocation criteria can change over time, potentially leading to different and less favorable allocations. The Millennium Partners Funds have higher turnover rates than the WMA Funds and the Separate Account, which could negatively impact their returns. The investment program of a client, including its risk and return profile, can also influence the allocation criteria.
Owners
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Other Contact Information
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2024-06-30
Top Buys (13F)
| Name | % Change |
|---|---|
| AAPL Apple Inc | 0.69% |
| IVV iShares Core S&P 500 | 0.65% |
| WFC Wells Fargo & Co. | 0.31% |
| NVDA NVIDIA Corp. (CALL) | 0.29% |
| COP ConocoPhillips (Phil | 0.28% |
2024-06-30
Top Sells (13F)
| Name | % Change |
|---|---|
| QQQ Invesco QQQ Trust, S (PUT) | 0.64% |
| META Meta Platforms Inc (PUT) | 0.64% |
| IWM iShares Russell 2000 (PUT) | 0.56% |
| IWM iShares Russell 2000 (CALL) | 0.46% |
| HYG iShares iBoxx USD Hi (PUT) | 0.43% |
2024-06-30
13F Holdings Summary
| Name | $ Change |
|---|---|
| IWM iShares Russell 2000(PUT) | 2.56% |
| NVDA NVIDIA Corp.(PUT) | 2.21% |
| IWM iShares Russell 2000(CALL) | 1.76% |
| SPY SPDR S&P 500 ETF TRU(PUT) | 1.62% |
| IVV iShares Core S&P 500 | 1.52% |
All or part of MILLENNIUM MANAGEMENT LLC 13F disclosures were filed
under a combined 13F through
WORLDQUANT MILLENNIUM ADVISORS LLC
for 2024-06-30
for 2024-06-30
Each of the holdings described below is held directly or indirectly by Millennium Partners, L.P. or one or more affiliated investment funds that invest a portion of their assets in Millennium Partners, L.P. The Other Included Managers Nos. 1 and 2 and the Other Manager Reporting for this Manager described herein are relying advisers (as defined under the SEC's Form ADV) of the Institutional Investment Manager filing this report (the "Institutional Investment Manager"). Certain holdings included in this report involve discretion exercised by other relying advisers of the Institutional Investment Manager that are not separately identified on this report. In addition, certain holdings included in this report are also reported in the holdings reports of other institutional investment managers that may be deemed to have shared investment discretion over such holdings, but on whose behalf the Institutional Investment Manager does not file holdings reports. For purposes of responding to Column 4 of the Information Table, values of all warrants that are 13(f) securities are valued based on the closing price of such warrants as of the quarter end.
2024-06-30
13F Activity
| Market Value | $216b, Prior: $234b |
| Inflows (Outflows) as % of Total MV | (-9.566)% |
| New Purchases | 685 stocks |
| Added To | 2156 stocks |
| Sold out of | 1020 stocks |
| Reduced holdings in | 2583 stocks |
| Top 10 Holdings % | 15.89% |
| Turnover %[1] | 24.99% |
| Turnover Alt %[2] | 21.89% |
| Time Held Top 20 | 11.15 quarters |
| Time Held Top 10 | 10.7 quarters |
| Time Held All | 17.44 quarters |
[1]: Turnover is calculated by taking the # of new holdings (initial purchases) + the # of positions sold out of (not just reduced) divided by the total # of holdings for the quarter.
[2]: Alt Turnover is calculated by taking either the total MV of new purchases or the MV of securities sold, whichever is less, divided by the total MV of the fund.
2024-06-30
13F Sector Allocation Over Time
limited to past 4 quarters. Subscribe to see all available data
2024-06-30
Analysis
Top 20 equal-weighted holdings. Performance numbers calculated through 2024-06-30