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 | |
|---|---|---|---|---|---|---|
1151
CALL
American International
AIG
$42.2B
| $5.11M | 0.02% |
+100,000
| New | +$4.98M |
|
|
PEI
1152
DELISTED
Pennsylvania Real Estate Investment Trust
PEI
| $5.1M | 0.02% |
17,906
+16,845
| +1,588% | +$4.61M |
|
|
GPOR
1153
PUT
DELISTED
Gulfport Energy Corp.
GPOR
| $5.09M | 0.02% |
+80,700
| New | +$4.89M |
|
1154
Cheesecake Factory
CAKE
$4.33B
| $5.09M | 0.02% |
105,425
+55,425
| +111% | +$2.59M |
|
1155
PUT
Stanley Black & Decker
SWK
$14.6B
| $5.08M | 0.02% |
+63,000
| New | +$5.16M |
|
1156
PUT
Hartford Financial Services
HIG
$38.4B
| $5.07M | 0.02% |
+139,900
| New | +$4.82M |
|
1157
Hexcel
HXL
$8.26B
| $5.06M | 0.02% |
113,325
+89,183
| +369% | +$3.77M |
|
|
WCN
1158
Waste Connections
WCN
$42.8B
| $5.06M | 0.02% |
174,035
+32,166
| +23% | +$939K |
|
|
SWN
1159
DELISTED
Southwestern Energy Company
SWN
| $5.06M | 0.02% |
128,658
-435,059
| -77% | -$16.3M |
|
1160
CALL
American Airlines Group
AAL
$9.74B
| $5.05M | 0.02% |
+200,000
| New | +$5.15M |
|
1161
W.R. Berkley
WRB
$28B
| $5.05M | 0.02% |
392,820
+58,614
| +18% | +$752K |
|
1162
Protolabs
PRLB
$1.86B
| $5.03M | 0.02% |
+70,628
| New | +$5.47M |
|
|
PLCM
1163
DELISTED
POLYCOM INC
PLCM
| $5.03M | 0.02% |
447,588
+10,812
| +2% | +$117K |
|
|
FBR
1164
DELISTED
Fibria Celulose Sa
FBR
| $5.02M | 0.02% |
430,010
+314,004
| +271% | +$3.87M |
|
1165
Qualcomm
QCOM
$179B
| $5.01M | 0.02% |
67,500
-5,200
| -7% | -$367K |
|
1166
Prothena Corp
PRTA
$459M
| $5.01M | 0.02% |
188,767
+117,379
| +164% | +$2.94M |
|
1167
PUT
Innoviva
INVA
$1.58B
| $5M | 0.02% |
+173,988
| New | +$5.09M |
|
|
NUVA
1168
DELISTED
NuVasive, Inc.
NUVA
| $5M | 0.02% |
154,537
-51,690
| -25% | -$1.55M |
|
|
INFI
1169
DELISTED
Infinity Pharmaceuticals, Inc.
INFI
| $4.99M | 0.02% |
361,381
-483,111
| -57% | -$6.82M |
|
|
IPG
1170
DELISTED
Interpublic Group of Companies
IPG
| $4.99M | 0.02% |
281,753
-2,553,360
| -90% | -$43M |
|
|
N
1171
DELISTED
Netsuite Inc
N
| $4.98M | 0.02% |
48,341
+15,471
| +47% | +$1.55M |
|
|
LVNTA
1172
DELISTED
Liberty Interactive Corporation Series A Liberty Ventures
LVNTA
| $4.98M | 0.02% |
165,295
-431,953
| -72% | -$11.6M |
|
1173
JB Hunt Transport Services
JBHT
$26.4B
| $4.98M | 0.02% |
64,392
-163,090
| -72% | -$12.2M |
|
|
SIR
1174
DELISTED
SELECT INCOME REIT
SIR
| $4.98M | 0.02% |
423,314
-234,985
| -36% | -$2.79M |
|
|
IMPV
1175
DELISTED
Imperva, Inc.
IMPV
| $4.97M | 0.02% |
103,309
+25,413
| +33% | +$1.07M |
|
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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.