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 | |
|---|---|---|---|---|---|---|
1201
Digital Realty Trust
DLR
$69.6B
| $4.34M | 0.01% |
+81,821
| New | +$4.65M |
|
|
CTCM
1202
DELISTED
CTC MEDIA INC COM STK
CTCM
| $4.34M | 0.01% |
413,263
+399,468
| +2,896% | +$4.53M |
|
1203
W.P. Carey
WPC
$17B
| $4.33M | 0.01% |
+68,331
| New | +$4.5M |
|
1204
Ingredion
INGR
$6.42B
| $4.33M | 0.01% |
65,419
-66,711
| -50% | -$4.36M |
|
1205
LXP Industrial Trust
LXP
$3.52B
| $4.31M | 0.01% |
76,704
+51,691
| +207% | +$3.12M |
|
1206
PUT
Tyson Foods
TSN
$21.5B
| $4.3M | 0.01% |
152,200
+2,200
| +1% | +$63.8K |
|
|
CZR
1207
DELISTED
Caesars Entertainment Corporation
CZR
| $4.3M | 0.01% |
+218,653
| New | +$4.11M |
|
1208
CALL
Designer Brands
DBI
$315M
| $4.3M | 0.01% |
100,800
+2,200
| +2% | +$88.9K |
|
1209
CALL
Valero Energy
VLO
$89.5B
| $4.3M | 0.01% |
125,800
+50,700
| +68% | +$1.79M |
|
|
WCN
1210
Waste Connections
WCN
$43.6B
| $4.29M | 0.01% |
141,869
-174,072
| -55% | -$5.04M |
|
1211
State Street Industrial Select Sector SPDR ETF
XLI
$32.2B
| $4.29M | 0.01% |
92,400
-65,283
| -41% | -$2.95M |
|
|
UPL
1212
DELISTED
Ultra Petroleum Corp. Common Stock
UPL
| $4.29M | 0.01% |
208,456
-279,556
| -57% | -$5.89M |
|
|
1213
CALL
Tyson Foods
TSN
$21.5B
| $4.28M | 0.01% |
151,500
-7,100
| -4% | -$206K |
|
|
NPBC
1214
DELISTED
NATL PENN BANCSHARES INC
NPBC
| $4.28M | 0.01% |
425,414
+281,693
| +196% | +$2.98M |
|
|
MM
1215
DELISTED
MILLENNIAL MEDIA INC COM STK (DE)
MM
| $4.27M | 0.01% |
+603,879
| New | +$4.89M |
|
1216
Sherwin-Williams
SHW
$83.5B
| $4.26M | 0.01% |
70,155
-333,423
| -83% | -$19.6M |
|
|
WW
1217
PUT
DELISTED
WW International
WW
| $4.26M | 0.01% |
+114,000
| New | +$4.59M |
|
1218
W.R. Berkley
WRB
$28.1B
| $4.24M | 0.01% |
334,206
-346,896
| -51% | -$4.35M |
|
|
RAI
1219
DELISTED
Reynolds American Inc
RAI
| $4.22M | 0.01% |
+173,074
| New | +$4.29M |
|
1220
Arch Capital
ACGL
$35.7B
| $4.21M | 0.01% |
233,628
+111,033
| +91% | +$1.99M |
|
1221
Xcel Energy
XEL
$49.2B
| $4.18M | 0.01% |
151,588
-715,542
| -83% | -$20.5M |
|
|
SREV
1222
DELISTED
ServiceSource International, Inc.
SREV
| $4.18M | 0.01% |
345,830
+303,630
| +720% | +$3.59M |
|
|
CVSA
1223
Covista Inc
CVSA
$4.55B
| $4.16M | 0.01% |
136,130
+14,077
| +12% | +$434K |
|
1224
PUT
Bristol-Myers Squibb
BMY
$129B
| $4.15M | 0.01% |
+89,600
| New | +$3.93M |
|
1225
Colgate-Palmolive
CL
$74.8B
| $4.14M | 0.01% |
69,905
+60,305
| +628% | +$3.57M |
|
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.