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 | |
|---|---|---|---|---|---|---|
|
BEAM
126
DELISTED
BEAM INC COM STK (DE)
BEAM
| $39.5M | 0.13% |
611,266
+81,456
| +15% | +$5.23M |
|
127
Philip Morris
PM
$297B
| $39.4M | 0.13% |
454,471
-544,185
| -54% | -$47.6M |
|
|
MOLXA
128
DELISTED
MOLEX INC CL-A
MOLXA
| $38.9M | 0.13% |
+1,015,838
| New | +$38.9M |
|
|
CXO
129
DELISTED
CONCHO RESOURCES INC.
CXO
| $38.8M | 0.12% |
+356,258
| New | +$33.9M |
|
130
PNC Financial Services
PNC
$99.7B
| $38.7M | 0.12% |
534,476
+445,842
| +503% | +$33.3M |
|
131
Keurig Dr Pepper
KDP
$42.3B
| $38.6M | 0.12% |
861,879
-27,571
| -3% | -$1.27M |
|
132
Las Vegas Sands
LVS
$31.7B
| $38.4M | 0.12% |
578,774
-1,120,470
| -66% | -$64.9M |
|
133
State Street
STT
$50.6B
| $38.4M | 0.12% |
583,450
+411,589
| +239% | +$28.2M |
|
|
PETM
134
DELISTED
PETSMART INC
PETM
| $38.4M | 0.12% |
502,938
-158,727
| -24% | -$11.5M |
|
135
PUT
Apple
AAPL
$4.54T
| $38.1M | 0.12% |
2,240,000
+1,302,000
| +139% | +$21.6M |
|
|
PDCE
136
DELISTED
PDC Energy, Inc.
PDCE
| $37.9M | 0.12% |
636,336
+539,285
| +556% | +$30.4M |
|
137
Danaher
DHR
$137B
| $37.2M | 0.12% |
799,402
+315,425
| +65% | +$14.3M |
|
138
Ford
F
$58.5B
| $37.2M | 0.12% |
2,203,816
+1,269,518
| +136% | +$21.4M |
|
139
Northrop Grumman
NOC
$77.1B
| $37.2M | 0.12% |
390,109
+201,872
| +107% | +$18.7M |
|
|
NPSP
140
DELISTED
NPS PHARMACEUTICALS INC
NPSP
| $37.1M | 0.12% |
1,167,189
-381,529
| -25% | -$8.75M |
|
141
Eaton
ETN
$161B
| $37.1M | 0.12% |
538,578
+117,823
| +28% | +$7.91M |
|
|
PACW
142
DELISTED
PacWest Bancorp
PACW
| $37.1M | 0.12% |
+1,080,897
| New | +$36.6M |
|
|
MHR
143
DELISTED
MAGNUM HUNTER RESOURCES CORP (DEL)
MHR
| $37M | 0.12% |
6,000,062
-912,565
| -13% | -$4.13M |
|
144
Edwards Lifesciences
EW
$49.6B
| $36.9M | 0.12% |
3,177,744
+2,906,430
| +1,071% | +$34M |
|
145
Arthur J. Gallagher & Co
AJG
$64.1B
| $36.8M | 0.12% |
843,469
+317,886
| +60% | +$14M |
|
146
Labcorp
LH
$25B
| $36.3M | 0.12% |
+426,769
| New | +$35.9M |
|
|
RAD
147
DELISTED
Rite Aid Corporation
RAD
| $36.3M | 0.12% |
381,669
+68,070
| +22% | +$4.64M |
|
148
Walt Disney
DIS
$167B
| $36.3M | 0.12% |
+562,730
| New | +$36.1M |
|
149
Bread Financial
BFH
$4.37B
| $36.2M | 0.12% |
214,659
-195,424
| -48% | -$31M |
|
150
iShares 1-3 Year Treasury Bond ETF
SHY
$25.5B
| $36M | 0.12% |
425,610
+20,860
| +5% | +$1.76M |
|
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.