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 |
NextEra Energy
NEE
|
+$122M |
| 2 |
Gilead Sciences
GILD
|
+$122M |
| 3 |
DTE Energy
DTE
|
+$121M |
| 4 |
Ameren
AEE
|
+$118M |
| 5 |
AGN
Allergan plc
AGN
|
+$107M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Dominion Energy
D
|
+$125M |
| 2 |
HES
Hess
HES
|
+$101M |
| 3 |
BHI
Baker Hughes
BHI
|
+$84M |
| 4 |
ELN
ELAN CORP ADS(RP1 ORD4IRISH PN
ELN
|
+$79.9M |
| 5 |
Cheniere Energy
LNG
|
+$72.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 11.74% |
| 2 | Energy | 10.93% |
| 3 | Utilities | 8.1% |
| 4 | Financials | 7.35% |
| 5 | Consumer Discretionary | 6.91% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
3651
PUT
Nektar Therapeutics
NKTR
$2.39B
| – | – |
-8,233
| Closed | -$1.29M |
|
3652
NN Inc
NNBR
$272M
| – | – |
-56,465
| Closed | -$879K |
|
3653
Northern Oil and Gas
NOG
$2.3B
| – | – |
-3,683
| Closed | -$532K |
|
3654
CALL
ServiceNow
NOW
$102B
| – | – |
-19,500
| Closed | -$203K |
|
|
3655
PUT
ServiceNow
NOW
$102B
| – | – |
-26,000
| Closed | -$270K |
|
3656
PUT
Norfolk Southern
NSC
$78.8B
| – | – |
-3,700
| Closed | -$286K |
|
3657
PUT
NETSCOUT
NTCT
$2.86B
| – | – |
-18,500
| Closed | -$472K |
|
3658
NetEase
NTES
$76.5B
| – | – |
-1,397,890
| Closed | -$19.6M |
|
3659
NETGEAR
NTGR
$669M
| – | – |
-9,394
| Closed | -$290K |
|
3660
CALL
Nucor
NUE
$56.4B
| – | – |
-4,200
| Closed | -$206K |
|
|
3661
PUT
Nucor
NUE
$56.4B
| – | – |
-4,500
| Closed | -$221K |
|
3662
Northwest Bancshares
NWBI
$2.25B
| – | – |
-162,299
| Closed | -$2.14M |
|
3663
News Corp Class A
NWSA
$14.5B
| – | – |
-58,366
| Closed | -$937K |
|
|
ADAM
3664
Adamas Trust
ADAM
$777M
| – | – |
-30,595
| Closed | -$764K |
|
3665
New York Times
NYT
$11.6B
| – | – |
-154,906
| Closed | -$1.95M |
|
3666
Realty Income
O
$61.2B
| – | – |
-107,330
| Closed | -$4.12M |
|
3667
PUT
Owens Corning
OC
$11.5B
| – | – |
-147,000
| Closed | -$5.58M |
|
3668
O-I Glass
OI
$1.39B
| – | – |
-14,100
| Closed | -$423K |
|
|
3669
PUT
O-I Glass
OI
$1.39B
| – | – |
-27,100
| Closed | -$814K |
|
3670
PUT
Oneok
OKE
$58.7B
| – | – |
-8,338
| Closed | -$389K |
|
3671
Orion Group Holdings
ORN
$514M
| – | – |
-18,561
| Closed | -$193K |
|
3672
Open Text
OTEX
$5.43B
| – | – |
-52,724
| Closed | -$984K |
|
3673
Otter Tail
OTTR
$3.88B
| – | – |
-7,807
| Closed | -$215K |
|
3674
CALL
Ovintiv
OVV
$17.5B
| – | – |
-20,000
| Closed | -$1.73M |
|
3675
CALL
Plains All American Pipeline
PAA
$17.4B
| – | – |
-190,000
| Closed | -$10M |
|
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Millennium Management's Q4 2013 Portfolio in Review
As of Q4 2013, Millennium Management held 4,194 positions worth $31.7B, up 2% from $31.1B the previous quarter. Its ten largest holdings account for 14% of the portfolio.
Millennium Management withdrew a net $1.71B in Q4 2013, closing 788 positions and reducing 1,165 holdings. Its most notable exit was ELAN CORP ADS(RP1 ORD4IRISH PN, an estimated $79.9M position sold in full.
By sector, the portfolio is most concentrated in Healthcare at 12% of assets, up from 7.9% a quarter earlier, followed by Energy and Utilities.
Against the trend, Millennium Management opened a new position in Crown Holdings worth $64.3M.
- Millennium Management's largest Q4 2013 buy was Crown Holdings: 1,441,595 shares worth $64.3M.
- Millennium Management added most to NextEra Energy in Q4 2013, an estimated $122M increase.
- Millennium Management's biggest Q4 2013 reduction was Dominion Energy, cutting an estimated $125M.
- Millennium Management fully exited ELAN CORP ADS(RP1 ORD4IRISH PN in Q4 2013, selling an estimated $79.9M.
- Millennium Management's ten largest holdings make up 14% of its $31.7B portfolio in Q4 2013.
- Millennium Management opened 937 new positions and closed 788 in Q4 2013.
- Millennium Management's portfolio value rose 2% quarter-over-quarter to $31.7B.
Based on Millennium Management's 13F filing for Q4 2013, filed 14 Feb 2014.