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 | |
|---|---|---|---|---|---|---|
101
CALL
Bristol-Myers Squibb
BMY
$127B
| $56M | 0.18% |
1,052,700
+810,900
| +335% | +$41.3M |
|
102
Chevron
CVX
$388B
| $55.3M | 0.17% |
442,945
+222,705
| +101% | +$26.9M |
|
|
EGN
103
CALL
DELISTED
Energen
EGN
| $55.3M | 0.17% |
+781,600
| New | +$58.8M |
|
104
Viatris
VTRS
$20.1B
| $55.2M | 0.17% |
1,272,213
-815,993
| -39% | -$33.5M |
|
105
Flowers Foods
FLO
$1.64B
| $55.1M | 0.17% |
2,567,508
+305,704
| +14% | +$6.9M |
|
106
Zimmer Biomet
ZBH
$17.7B
| $55M | 0.17% |
608,278
+96,896
| +19% | +$8.38M |
|
|
SLCA
107
DELISTED
U.S. SILICA HOLDINGS, INC.
SLCA
| $54.9M | 0.17% |
1,609,265
+585,752
| +57% | +$19.2M |
|
|
WNR
108
DELISTED
Western Refining Inc
WNR
| $53.8M | 0.17% |
1,268,516
-148,537
| -10% | -$5.33M |
|
|
INVX
109
Innovex International
INVX
$1.87B
| $53.5M | 0.17% |
486,770
+4,868
| +1% | +$550K |
|
110
Moody's
MCO
$81.7B
| $53.5M | 0.17% |
681,832
+401,124
| +143% | +$29.4M |
|
111
Church & Dwight Co
CHD
$23.1B
| $52.8M | 0.17% |
1,594,562
+675,764
| +74% | +$21.8M |
|
|
112
Cheniere Energy
LNG
$56.5B
| $52.3M | 0.17% |
1,212,691
-1,815,803
| -60% | -$72.3M |
|
113
Devon Energy
DVN
$51.9B
| $51.8M | 0.16% |
837,821
+386,984
| +86% | +$23.7M |
|
114
Delta Air Lines
DAL
$55.9B
| $51.7M | 0.16% |
1,882,208
+1,470,137
| +357% | +$39.5M |
|
|
FDO
115
DELISTED
FAMILY DOLLAR STORES
FDO
| $51.7M | 0.16% |
795,160
+39,461
| +5% | +$2.7M |
|
116
CALL
Marathon Petroleum
MPC
$90.3B
| $51.5M | 0.16% |
+1,122,800
| New | +$43.2M |
|
117
Comcast
CMCSA
$79.1B
| $50.4M | 0.16% |
1,938,726
-832,722
| -30% | -$20.1M |
|
118
Mohawk Industries
MHK
$6.9B
| $50.1M | 0.16% |
336,423
+208,584
| +163% | +$28.5M |
|
119
Baidu
BIDU
$35.8B
| $50M | 0.16% |
281,038
+241,159
| +605% | +$39M |
|
120
PUT
Meta Platforms (Facebook)
META
$1.51T
| $49M | 0.15% |
897,400
-7,500
| -0.8% | -$377K |
|
|
TEG
121
DELISTED
INTEGRYS ENERGY GROUP INC COM (USA)
TEG
| $48.4M | 0.15% |
890,351
+275,031
| +45% | +$15.4M |
|
122
PUT
Cleveland-Cliffs
CLF
$6.81B
| $47.9M | 0.15% |
1,827,100
-233,600
| -11% | -$5.76M |
|
|
SGY
123
DELISTED
Stone Energy
SGY
| $47.4M | 0.15% |
24,111
+2,647
| +12% | +$5.07M |
|
|
STI
124
DELISTED
SunTrust Banks, Inc.
STI
| $47.3M | 0.15% |
+1,286,228
| New | +$44.8M |
|
|
MHR
125
DELISTED
MAGNUM HUNTER RESOURCES CORP (DEL)
MHR
| $47M | 0.15% |
6,427,670
+427,608
| +7% | +$3.02M |
|
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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.