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 | |
|---|---|---|---|---|---|---|
|
ASIA
876
DELISTED
ASIAINFO-LINKAGE INC COM STK (DE)
ASIA
| $7.5M | 0.02% |
+650,000
| New | +$7.52M |
|
|
CVD
877
DELISTED
COVANCE INC.
CVD
| $7.49M | 0.02% |
+86,624
| New | +$7.13M |
|
|
AVP
878
DELISTED
Avon Products, Inc.
AVP
| $7.47M | 0.02% |
362,721
-218,216
| -38% | -$4.67M |
|
|
SIR
879
DELISTED
SELECT INCOME REIT
SIR
| $7.47M | 0.02% |
658,299
+607,319
| +1,191% | +$6.91M |
|
|
KYTH
880
DELISTED
KYTHERA BIOPHARMACEUTICALS, INC COM
KYTH
| $7.46M | 0.02% |
163,592
+88,482
| +118% | +$2.65M |
|
881
Diamondrock Hospitality Co
DRH
$2.64B
| $7.45M | 0.02% |
697,708
+77,684
| +13% | +$777K |
|
|
HCC
882
DELISTED
HCC INSURANCES HOLDINGS INC
HCC
| $7.44M | 0.02% |
169,838
+100,803
| +146% | +$4.44M |
|
883
Smith & Wesson
SWBI
$669M
| $7.43M | 0.02% |
879,977
+196,203
| +29% | +$1.7M |
|
|
VRE
884
DELISTED
Veris Residential
VRE
| $7.43M | 0.02% |
338,675
+201,600
| +147% | +$4.59M |
|
885
Illinois Tool Works
ITW
$81.6B
| $7.42M | 0.02% |
97,336
+77,273
| +385% | +$5.65M |
|
886
United States Oil Fund
USO
$2.12B
| $7.42M | 0.02% |
25,184
+23,494
| +1,390% | +$7.08M |
|
|
AXLL
887
DELISTED
AXIALL CORP COM STK (DE)
AXLL
| $7.38M | 0.02% |
195,332
+120,440
| +161% | +$5.03M |
|
888
CSX Corp
CSX
$93B
| $7.38M | 0.02% |
859,869
+122,505
| +17% | +$1.03M |
|
|
HAWK
889
DELISTED
Blackhawk Network Holdings, Inc. Common Stock
HAWK
| $7.37M | 0.02% |
306,671
+85,960
| +39% | +$2.12M |
|
890
Assurant
AIZ
$14B
| $7.35M | 0.02% |
135,882
-207,391
| -60% | -$11.2M |
|
891
Flex
FLEX
$41B
| $7.35M | 0.02% |
1,073,159
+635,619
| +145% | +$4.19M |
|
|
LUMO
892
DELISTED
Lumos Pharma, Inc. Common Stock
LUMO
| $7.35M | 0.02% |
43,488
+33,283
| +326% | +$5.36M |
|
893
CALL
UGI
UGI
$7.76B
| $7.34M | 0.02% |
281,550
-323,100
| -53% | -$8.66M |
|
894
CALL
Williams Companies
WMB
$86.7B
| $7.32M | 0.02% |
+201,400
| New | +$7.06M |
|
895
CALL
Corning
GLW
$116B
| $7.3M | 0.02% |
+500,300
| New | +$7.41M |
|
|
QVCGA
896
DELISTED
QVC Group Inc Series A
QVCGA
| $7.29M | 0.02% |
7,559
-13,428
| -64% | -$13.1M |
|
897
Marriott Vacations Worldwide
VAC
$3.35B
| $7.28M | 0.02% |
165,404
+1,788
| +1% | +$79.7K |
|
898
KBR
KBR
$4.36B
| $7.26M | 0.02% |
222,578
+6,192
| +3% | +$196K |
|
899
American Express
AXP
$228B
| $7.24M | 0.02% |
95,916
+10,792
| +13% | +$812K |
|
|
MDAS
900
DELISTED
MEDASSETS INC COM STK (DE)
MDAS
| $7.24M | 0.02% |
284,920
-381,467
| -57% | -$8.53M |
|
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.