Millennium Management LLC Q3 2022 vs. Q4 2022: A Deep Dive Into Their 13F Holdings

In the world of finance, quarterly filings are always highly anticipated, and the 13F filing is no exception. This document requires institutional investment managers with over $100 million in assets to disclose their holdings to the SEC within 45 days after the end of each quarter. These filings provide a glimpse into the investment strategies and holdings of institutions that manage massive amounts of capital. A recent 13F filing from Millennium Management LLC for Q3 2022 and Q4 2022 highlights changes in their holdings that are worth investigating.

Millennium Management LLC is an investment firm founded in 1989 by Israel Englander. The firm focuses on innovative trading strategies and has over $61 billion in assets under management. Their diverse portfolio includes equities, options, and fixed income securities.

Let's take a closer look at some of the significant changes in Millennium's holdings from Q3 2022 to Q4 2022 based on their 13F filing.

Technology Stocks

Technology stocks make up a considerable portion of Millennium Management's portfolio. They significantly increased their holdings in the following companies:

- INVESCO QQQ TR (QQQ) put options increased by 18%

- MICROSOFT CORP (MSFT) put options increased by 2.6%

- APPLE INC (AAPL) put options decreased by 28.6%

- TESLA INC (TSLA) put options decreased by 61%

- NVIDIA CORPORATION (NVDA) put options increased by 5.6%

- ACTIVISION BLIZZARD INC (ATVI) shares decreased by 13.3%

Millennium Management also added new positions in ADOBE SYSTEMS INCORPORATED (ADBE) and INTUITIVE SURGICAL INC (ISRG) during Q4 2022.

Financial Stocks

Financial stocks make up a smaller portion of Millennium Management's portfolio. However, they made substantial changes in the following companies:

- JPMORGAN CHASE & CO (JPM) put options increased by 96%

- BANK NEW YORK MELLON CORP (BK) shares increased by 102.1%

- WELLS FARGO CO NEW (WFC) put options increased by 7.6%

Energy Stocks

The energy sector makes up a small portion of Millennium Management's portfolio, but they had significant changes in holdings during Q4 2022:

- EXXON MOBIL CORP (XOM) put options increased by 49%

- OCCIDENTAL PETE CORP (OXY) put options increased by 46.6%

- CHEVRON CORP NEW (CVX) put options decreased by 17.6%

Other Stocks

Millennium Management also made changes in other companies within their portfolio:

- SPDR S&P 500 ETF TR (SPY) call options decreased by 13.8%

- AMAZON COM INC (AMZN) shares increased by 27.9%

- HOME DEPOT INC (HD) put options increased by 61.3%

- UNITEDHEALTH GROUP INC (UNH) put options decreased by 13.5%

- BERKSHIRE HATHAWAY INC DEL (BRK-B) put options increased by 13.2%

Conclusion

Millennium Management LLC's Q3 2022 vs. Q4 2022 13F filings highlight some significant changes in their holdings. The firm increased their positions in technology and financial stocks and decreased positions in the energy sector. The changes in holdings suggest that Millennium Management LLC is optimistic about the future of the world economy and believes that technology and financial stocks will perform well. However, it is important to remember that 13F filings only provide a partial picture of an institution's holdings, and they may not reflect their entire investment strategy.