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 |
American Electric Power
AEP
|
+$119M |
| 2 |
PPL
PPL Corp
PPL
|
+$104M |
| 3 |
CMS Energy
CMS
|
+$101M |
| 4 |
Johnson & Johnson
JNJ
|
+$75M |
| 5 |
Home Depot
HD
|
+$71.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Duke Energy
DUK
|
+$125M |
| 2 |
Ameren
AEE
|
+$85.8M |
| 3 |
TWX
Time Warner Inc
TWX
|
+$76.1M |
| 4 |
Starwood Property Trust
STWD
|
+$72.3M |
| 5 |
DFS
Discover Financial Services
DFS
|
+$69.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Energy | 10.47% |
| 2 | Healthcare | 7.85% |
| 3 | Consumer Discretionary | 6.86% |
| 4 | Utilities | 6.71% |
| 5 | Financials | 6.21% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
3551
PUT
Trip.com Group
TCOM
$27.5B
| – | – |
-18,600
| Closed | -$303K |
|
3552
Teledyne Technologies
TDY
$30.4B
| – | – |
-24,963
| Closed | -$1.93M |
|
3553
CALL
Teva Pharmaceuticals
TEVA
$35.9B
| – | – |
-96,300
| Closed | -$3.77M |
|
3554
Tredegar Corp
TG
$268M
| – | – |
-8,427
| Closed | -$217K |
|
|
TGI
3555
DELISTED
Triumph Group
TGI
| – | – |
-131,063
| Closed | -$10.4M |
|
3556
Gentherm
THRM
$1.31B
| – | – |
-123,272
| Closed | -$2.29M |
|
3557
iShares TIPS Bond ETF
TIP
$14.5B
| – | – |
-7,174
| Closed | -$804K |
|
3558
TJX Companies
TJX
$170B
| – | – |
-449,966
| Closed | -$11.3M |
|
3559
CALL
iShares 20+ Year Treasury Bond ETF
TLT
$42.1B
| – | – |
-12,200
| Closed | -$1.35M |
|
3560
Toyota
TM
$210B
| – | – |
-23,375
| Closed | -$2.98M |
|
3561
Tilly's
TLYS
$115M
| – | – |
-13,735
| Closed | -$220K |
|
3562
Thermo Fisher Scientific
TMO
$211B
| – | – |
-51,077
| Closed | -$4.32M |
|
3563
Tootsie Roll Industries
TR
$2.82B
| – | – |
-25,419
| Closed | -$550K |
|
3564
Tejon Ranch
TRC
$476M
| – | – |
-8,895
| Closed | -$239K |
|
3565
Trinity Industries
TRN
$2.97B
| – | – |
-600,051
| Closed | -$8.3M |
|
3566
CALL
Tronox
TROX
$995M
| – | – |
-19,600
| Closed | -$395K |
|
3567
Tractor Supply
TSCO
$16.3B
| – | – |
-400,000
| Closed | -$4.7M |
|
3568
Tesla
TSLA
$1.24T
| – | – |
-37,500
| Closed | -$268K |
|
3569
TSMC
TSM
$2.09T
| – | – |
-360,912
| Closed | -$6.61M |
|
3570
Telus
TU
$16B
| – | – |
-69,600
| Closed | -$1.02M |
|
3571
Under Armour
UAA
$3B
| – | – |
-577,768
| Closed | -$10.1M |
|
3572
United States Antimony
UAMY
$766M
| – | – |
-11,200
| Closed | -$12K |
|
3573
United Bankshares
UBSI
$6.55B
| – | – |
-14,673
| Closed | -$388K |
|
3574
CALL
UDR
UDR
$12.9B
| – | – |
-75,000
| Closed | -$1.91M |
|
3575
UNIFI
UFI
$117M
| – | – |
-23,524
| Closed | -$486K |
|
Similar funds
Millennium Management's Q3 2013 Portfolio in Review
As of Q3 2013, Millennium Management held 3,899 positions worth $31.1B, down 4.8% from $32.6B the previous quarter. Its ten largest holdings account for 22% of the portfolio.
Millennium Management withdrew a net $3.75B in Q3 2013, closing 642 positions and reducing 1,073 holdings. Its most notable exit was BMC SOFTWARE, INC, an estimated $60.2M position sold in full.
By sector, the portfolio is most concentrated in Energy at 10% of assets, up from 8.5% a quarter earlier, followed by Healthcare and Consumer Discretionary.
Against the trend, Millennium Management opened a new position in Johnson & Johnson worth $72.5M.
- Millennium Management's largest Q3 2013 buy was Johnson & Johnson: 836,108 shares worth $72.5M.
- Millennium Management added most to American Electric Power in Q3 2013, an estimated $119M increase.
- Millennium Management's biggest Q3 2013 reduction was Duke Energy, cutting an estimated $125M.
- Millennium Management fully exited BMC SOFTWARE, INC in Q3 2013, selling an estimated $60.2M.
- Millennium Management's ten largest holdings make up 22% of its $31.1B portfolio in Q3 2013.
- Millennium Management opened 955 new positions and closed 642 in Q3 2013.
- Millennium Management's portfolio value fell 4.8% quarter-over-quarter to $31.1B.
Based on Millennium Management's 13F filing for Q3 2013, filed 14 Nov 2013.