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 | |
|---|---|---|---|---|---|---|
676
Brunswick
BC
$5.19B
| $10.5M | 0.03% |
228,782
+99,052
| +76% | +$4.4M |
|
677
CALL
Constellation Brands
STZ
$22.2B
| $10.5M | 0.03% |
149,100
+86,000
| +136% | +$5.75M |
|
678
Blackrock
BLK
$164B
| $10.5M | 0.03% |
33,149
+30,049
| +969% | +$8.97M |
|
|
ECHO
679
EchoStar
ECHO
$25.5B
| $10.5M | 0.03% |
260,343
-27,083
| -9% | -$1.06M |
|
680
Radian Group
RDN
$5.14B
| $10.5M | 0.03% |
741,907
-165,742
| -18% | -$2.32M |
|
681
International Paper
IP
$22.3B
| $10.5M | 0.03% |
228,671
-152,578
| -40% | -$6.53M |
|
682
CALL
iShares MSCI Emerging Markets ETF
EEM
$28B
| $10.4M | 0.03% |
250,000
-427,500
| -63% | -$17.9M |
|
|
ZGNX
683
DELISTED
Zogenix, Inc.
ZGNX
| $10.4M | 0.03% |
379,384
+356,136
| +1,532% | +$7.98M |
|
|
BRCD
684
DELISTED
Brocade Communications Systems, Inc. NEW
BRCD
| $10.4M | 0.03% |
1,177,142
+333,858
| +40% | +$2.78M |
|
685
Weyerhaeuser
WY
$17.3B
| $10.4M | 0.03% |
330,309
+281,939
| +583% | +$8.44M |
|
686
Archer Daniels Midland
ADM
$41.4B
| $10.4M | 0.03% |
240,263
-420,815
| -64% | -$17M |
|
687
WEX
WEX
$6.11B
| $10.4M | 0.03% |
105,117
+4,091
| +4% | +$384K |
|
|
ATW
688
DELISTED
Atwood Oceanics
ATW
| $10.4M | 0.03% |
194,986
+52,259
| +37% | +$2.82M |
|
|
ODP
689
DELISTED
ODP
ODP
| $10.4M | 0.03% |
196,671
+141,671
| +258% | +$7.5M |
|
|
CVA
690
DELISTED
Covanta Holding Corporation
CVA
| $10.4M | 0.03% |
584,176
-948,109
| -62% | -$17.5M |
|
691
Prosperity Bancshares
PB
$8.77B
| $10.3M | 0.03% |
+163,238
| New | +$10.3M |
|
692
Public Service Enterprise Group
PEG
$39.8B
| $10.3M | 0.03% |
+322,847
| New | +$10.7M |
|
|
QGENF
693
DELISTED
QIAGEN NV
QGENF
| $10.3M | 0.03% |
+434,123
| New | +$10.3M |
|
694
VeriSign
VRSN
$25.3B
| $10.3M | 0.03% |
172,800
-183,631
| -52% | -$10.1M |
|
|
CHMT
695
DELISTED
Chemtura Corporation
CHMT
| $10.3M | 0.03% |
369,189
-245,201
| -40% | -$6.14M |
|
|
LVLT
696
DELISTED
Level 3 Communications Inc
LVLT
| $10.3M | 0.03% |
310,486
-23,863
| -7% | -$703K |
|
697
Cenovus Energy
CVE
$54.6B
| $10.3M | 0.03% |
359,443
+325,912
| +972% | +$9.49M |
|
|
ALR
698
DELISTED
Alere Inc
ALR
| $10.3M | 0.03% |
284,260
-32,665
| -10% | -$1.08M |
|
699
Broadcom
AVGO
$1.82T
| $10.3M | 0.03% |
1,945,260
-282,810
| -13% | -$1.3M |
|
700
Travelers Companies
TRV
$80.8B
| $10.3M | 0.03% |
113,252
-19,238
| -15% | -$1.68M |
|
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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.