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 | |
|---|---|---|---|---|---|---|
|
TLM
1301
DELISTED
TALISMAN ENERGY INC
TLM
| $4.2M | 0.01% |
360,888
-1,309,655
| -78% | -$15.7M |
|
|
SREV
1302
DELISTED
ServiceSource International, Inc.
SREV
| $4.2M | 0.01% |
501,240
+155,410
| +45% | +$1.56M |
|
1303
American Tower
AMT
$77.7B
| $4.19M | 0.01% |
52,520
-504,878
| -91% | -$39.2M |
|
|
BKS
1304
PUT
DELISTED
Barnes & Noble
BKS
| $4.18M | 0.01% |
427,127
| – | – |
|
1305
Cboe Global Markets
CBOE
$30.2B
| $4.18M | 0.01% |
80,497
-123,698
| -61% | -$6.24M |
|
|
1306
CALL
Cboe Global Markets
CBOE
$30.2B
| $4.17M | 0.01% |
+80,300
| New | +$4.05M |
|
|
ALJ
1307
DELISTED
Alon USA Energy Inc
ALJ
| $4.17M | 0.01% |
252,060
+219,760
| +680% | +$2.78M |
|
|
PSB
1308
DELISTED
PS Business Parks, Inc.
PSB
| $4.16M | 0.01% |
54,478
+10,510
| +24% | +$817K |
|
|
GTU
1309
DELISTED
CENTRAL GOLD TR (CANADA)
GTU
| $4.16M | 0.01% |
+100,283
| New | +$4.45M |
|
|
SHOR
1310
DELISTED
ShoreTel, Inc.
SHOR
| $4.15M | 0.01% |
447,669
+178,259
| +66% | +$1.34M |
|
1311
Dillards
DDS
$8.96B
| $4.15M | 0.01% |
42,713
-5,525
| -11% | -$478K |
|
1312
CALL
Celanese
CE
$4.87B
| $4.15M | 0.01% |
+75,000
| New | +$4.16M |
|
1313
EastGroup Properties
EGP
$11.3B
| $4.15M | 0.01% |
+71,579
| New | +$4.35M |
|
1314
Cleveland-Cliffs
CLF
$6.99B
| $4.14M | 0.01% |
158,130
+66,446
| +72% | +$1.64M |
|
1315
Cinemark Holdings
CNK
$3.93B
| $4.14M | 0.01% |
124,309
+22,175
| +22% | +$727K |
|
|
BTU
1316
PUT
DELISTED
PEABODY ENERGY CORP COM STK NEW (DE)
BTU
| $4.13M | 0.01% |
14,080
-7
| -0% | -$1.97K |
|
1317
CALL
Norfolk Southern
NSC
$77.1B
| $4.12M | 0.01% |
44,400
-117,200
| -73% | -$10.1M |
|
1318
Align Technology
ALGN
$12B
| $4.12M | 0.01% |
+72,128
| New | +$3.88M |
|
|
BCOV
1319
DELISTED
Brightcove, Inc.
BCOV
| $4.12M | 0.01% |
291,093
+189,925
| +188% | +$2.65M |
|
1320
CALL
Southern Company
SO
$109B
| $4.11M | 0.01% |
100,000
+80,400
| +410% | +$3.32M |
|
|
HCC
1321
DELISTED
HCC INSURANCES HOLDINGS INC
HCC
| $4.11M | 0.01% |
89,077
-80,761
| -48% | -$3.64M |
|
|
IDTI
1322
DELISTED
Integrated Device Technology I
IDTI
| $4.11M | 0.01% |
403,659
+376,124
| +1,366% | +$3.74M |
|
|
ADT
1323
PUT
DELISTED
ADT Corp
ADT
| $4.1M | 0.01% |
101,400
+89,600
| +759% | +$3.69M |
|
1324
Enpro
NPO
$6.95B
| $4.1M | 0.01% |
71,157
+34,705
| +95% | +$1.99M |
|
1325
Brady Corp
BRC
$4.54B
| $4.1M | 0.01% |
132,600
+98,662
| +291% | +$2.93M |
|
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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.