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 | |
|---|---|---|---|---|---|---|
1101
Berkshire Hathaway Class A
BRK.A
$1.1T
| $5.11M | 0.02% |
30
+2
| +7% | +$346K |
|
|
MSCC
1102
DELISTED
Microsemi Corp
MSCC
| $5.1M | 0.02% |
+210,387
| New | +$5.28M |
|
|
SCHW
1103
CALL
Charles Schwab
SCHW
$182B
| $5.09M | 0.02% |
240,600
+600
| +0.3% | +$13K |
|
1104
U-Haul Holding Co
UHAL
$14B
| $5.07M | 0.02% |
275,350
+162,680
| +144% | +$2.81M |
|
1105
Warner Bros
WBD
$64.3B
| $5.07M | 0.02% |
117,494
+102,229
| +670% | +$4.25M |
|
|
QIHU
1106
PUT
DELISTED
QIHOO 360 TECHNOLOGY CO LTD ADS RPSTG 3 CL A SHS
QIHU
| $5.07M | 0.02% |
+60,900
| New | +$4.28M |
|
|
X
1107
DELISTED
US Steel
X
| $5.07M | 0.02% |
246,041
+127,909
| +108% | +$2.41M |
|
1108
Asbury Automotive
ABG
$4.62B
| $5.07M | 0.02% |
95,211
-20,348
| -18% | -$999K |
|
|
AXLL
1109
CALL
DELISTED
AXIALL CORP COM STK (DE)
AXLL
| $5.06M | 0.02% |
133,900
+1,100
| +0.8% | +$45.9K |
|
|
PCH
1110
DELISTED
PotlatchDeltic
PCH
| $5.06M | 0.02% |
127,439
+2,852
| +2% | +$117K |
|
1111
UGI
UGI
$7.87B
| $5.05M | 0.02% |
193,589
+182,670
| +1,673% | +$4.9M |
|
|
NUVA
1112
DELISTED
NuVasive, Inc.
NUVA
| $5.05M | 0.02% |
206,227
+204,372
| +11,017% | +$5.03M |
|
1113
PennantPark Floating Rate Capital
PFLT
$698M
| $5.05M | 0.02% |
366,322
+178,448
| +95% | +$2.46M |
|
1114
CALL
AB InBev
BUD
$164B
| $5.04M | 0.02% |
+50,800
| New | +$4.84M |
|
|
MBT
1115
DELISTED
Mobile TeleSystems Public Joint Stock Company American Depositary Shares (Each representing 2 Shares
MBT
| $5.04M | 0.02% |
226,271
+214,092
| +1,758% | +$4.41M |
|
1116
Prestige Consumer Healthcare
PBH
$2.47B
| $5.02M | 0.02% |
166,652
-49,139
| -23% | -$1.61M |
|
1117
Crocs
CROX
$6.63B
| $5.01M | 0.02% |
368,574
+169,323
| +85% | +$2.46M |
|
|
TSRO
1118
DELISTED
TESARO, Inc.
TSRO
| $5.01M | 0.02% |
129,357
-126,753
| -49% | -$4.64M |
|
1119
PUT
VanEck Gold Miners ETF
GDX
$22.5B
| $5M | 0.02% |
+200,000
| New | +$5.32M |
|
1120
Commault Systems
CVLT
$4.98B
| $4.98M | 0.02% |
56,644
+43,768
| +340% | +$3.67M |
|
1121
MGM Resorts International
MGM
$11.7B
| $4.97M | 0.02% |
243,326
-1,387,410
| -85% | -$24.2M |
|
1122
Roper Technologies
ROP
$40.4B
| $4.97M | 0.02% |
37,395
-142,114
| -79% | -$18.3M |
|
1123
Cisco
CSCO
$443B
| $4.94M | 0.02% |
210,896
-1,065,555
| -83% | -$26.5M |
|
|
DFRG
1124
DELISTED
Del Frisco's Restaurant Group, Inc. Common Stock
DFRG
| $4.94M | 0.02% |
245,119
+94,363
| +63% | +$1.94M |
|
1125
Canadian Pacific Kansas City
CP
$81B
| $4.94M | 0.02% |
+200,180
| New | +$4.95M |
|
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.