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 | |
|---|---|---|---|---|---|---|
101
PUT
Meta Platforms (Facebook)
META
$1.42T
| $45.5M | 0.15% |
904,900
+70,500
| +8% | +$2.62M |
|
|
TXNM
102
TXNM Energy Inc
TXNM
$6.41B
| $45.1M | 0.15% |
1,992,861
-198,874
| -9% | -$4.52M |
|
|
WCRX
103
DELISTED
WARNER CHILCOTT PLC ORD SHS CL A (IRL)
WCRX
| $44.4M | 0.14% |
1,934,690
-516,854
| -21% | -$10.9M |
|
104
TE Connectivity
TEL
$59.6B
| $44M | 0.14% |
848,955
+457,335
| +117% | +$22.9M |
|
105
KB Home
KBH
$3.37B
| $43.5M | 0.14% |
2,411,760
+2,048,252
| +563% | +$35.8M |
|
106
Lennar Class A
LEN
$19.8B
| $43.3M | 0.14% |
1,283,875
-54,127
| -4% | -$1.76M |
|
|
VSI
107
DELISTED
Vitamin Shoppe Inc.
VSI
| $43.2M | 0.14% |
986,584
+669,271
| +211% | +$29.6M |
|
108
Advance Auto Parts
AAP
$3.35B
| $43.1M | 0.14% |
520,968
+1,787
| +0.3% | +$146K |
|
109
Intuitive Surgical
ISRG
$127B
| $43M | 0.14% |
1,028,664
+1,004,904
| +4,229% | +$44.4M |
|
|
GAP
110
The Gap Inc
GAP
$7.23B
| $42.8M | 0.14% |
1,061,990
+948,187
| +833% | +$40.9M |
|
|
WNR
111
DELISTED
Western Refining Inc
WNR
| $42.6M | 0.14% |
1,417,053
+119,633
| +9% | +$3.52M |
|
112
PUT
Cleveland-Cliffs
CLF
$6.57B
| $42.2M | 0.14% |
2,060,700
+1,482,900
| +257% | +$30.5M |
|
113
CALL
State Street Financial Select Sector SPDR ETF
XLF
$56.7B
| $41.8M | 0.13% |
2,394,485
-443,697
| -16% | -$7.87M |
|
|
ALXN
114
DELISTED
Alexion Pharmaceuticals
ALXN
| $41.8M | 0.13% |
359,523
-227,212
| -39% | -$24.9M |
|
115
Altria Group
MO
$114B
| $41.7M | 0.13% |
1,214,664
+379,828
| +45% | +$13.4M |
|
116
Union Pacific
UNP
$174B
| $41.6M | 0.13% |
535,266
+337,096
| +170% | +$26.6M |
|
117
CALL
Merck
MRK
$322B
| $41.4M | 0.13% |
911,236
+598,513
| +191% | +$27.3M |
|
118
American Tower
AMT
$80.8B
| $41.3M | 0.13% |
557,398
+163,347
| +41% | +$11.8M |
|
|
OPLN
119
Openlane
OPLN
$4.21B
| $41.1M | 0.13% |
3,847,896
+2,695,818
| +234% | +$26.9M |
|
120
Zimmer Biomet
ZBH
$18.2B
| $40.8M | 0.13% |
511,382
+211,471
| +71% | +$16.6M |
|
121
MetLife
MET
$61.9B
| $40.8M | 0.13% |
974,337
-14,971
| -2% | -$645K |
|
122
Groupon
GRPN
$1.05B
| $40.4M | 0.13% |
179,957
+130,045
| +261% | +$25.9M |
|
123
Webster Financial
WBS
$12.5B
| $40.1M | 0.13% |
1,570,261
+171,256
| +12% | +$4.56M |
|
|
YHOO
124
DELISTED
Yahoo Inc
YHOO
| $39.9M | 0.13% |
1,203,729
-1,571,536
| -57% | -$44.4M |
|
|
SGY
125
DELISTED
Stone Energy
SGY
| $39.5M | 0.13% |
21,464
-18,953
| -47% | -$29.5M |
|
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.