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 | |
|---|---|---|---|---|---|---|
1601
Darling Ingredients
DAR
$9.62B
| $2.68M | 0.01% |
128,465
+28,711
| +29% | +$614K |
|
|
ORBK
1602
DELISTED
Orbotech Ltd
ORBK
| $2.68M | 0.01% |
198,245
+106,791
| +117% | +$1.36M |
|
|
SRGA
1603
DELISTED
Surgalign Holdings, Inc. Common Stock
SRGA
| $2.68M | 0.01% |
25,194
+6,627
| +36% | +$643K |
|
|
QCOR
1604
DELISTED
QUESTCOR PHARMA INC
QCOR
| $2.67M | 0.01% |
49,129
-109,860
| -69% | -$6.49M |
|
|
WRI
1605
DELISTED
Weingarten Realty Investors
WRI
| $2.67M | 0.01% |
97,522
+27,484
| +39% | +$812K |
|
|
SE
1606
CALL
DELISTED
Spectra Energy Corp Wi
SE
| $2.67M | 0.01% |
75,000
+16,700
| +29% | +$575K |
|
|
EFII
1607
DELISTED
Electronics for Imaging
EFII
| $2.67M | 0.01% |
+68,874
| New | +$2.51M |
|
|
AEPI
1608
DELISTED
AEP Industries Inc
AEPI
| $2.67M | 0.01% |
50,465
+10,888
| +28% | +$613K |
|
1609
ACI Worldwide
ACIW
$5.88B
| $2.66M | 0.01% |
122,946
+103,005
| +517% | +$2.04M |
|
1610
Timken Company
TKR
$9.81B
| $2.66M | 0.01% |
67,539
-669,650
| -91% | -$26.1M |
|
1611
Valley National Bancorp
VLY
$7.94B
| $2.66M | 0.01% |
262,483
+208,385
| +385% | +$2.09M |
|
|
CYS
1612
DELISTED
CYS Investments Inc.
CYS
| $2.65M | 0.01% |
358,329
+203,817
| +132% | +$1.64M |
|
|
ALU
1613
DELISTED
Alcatel-Lucent
ALU
| $2.65M | 0.01% |
602,038
-546,175
| -48% | -$2.15M |
|
1614
Cognizant
CTSH
$22.3B
| $2.64M | 0.01% |
52,374
+6,272
| +14% | +$286K |
|
|
DOC
1615
DELISTED
PHYSICIANS REALTY TRUST
DOC
| $2.64M | 0.01% |
207,505
+82,505
| +66% | +$1.02M |
|
|
ETP
1616
DELISTED
Energy Transfer Partners, L.P.
ETP
| $2.64M | 0.01% |
+70,000
| New | +$2.42M |
|
|
CERN
1617
DELISTED
Cerner Corp
CERN
| $2.64M | 0.01% |
47,367
+47,328
| +121,354% | +$2.65M |
|
|
MGLN
1618
DELISTED
Magellan Health Services, Inc.
MGLN
| $2.64M | 0.01% |
+43,993
| New | +$2.63M |
|
|
VVC
1619
DELISTED
Vectren Corporation
VVC
| $2.63M | 0.01% |
74,220
-96,100
| -56% | -$3.32M |
|
|
KWK
1620
DELISTED
QUICKSILVER RESOURCES INC
KWK
| $2.63M | 0.01% |
858,469
+23,606
| +3% | +$61.4K |
|
1621
CALL
Veeva Systems
VEEV
$31.6B
| $2.63M | 0.01% |
+81,800
| New | +$3.12M |
|
|
PAY
1622
CALL
DELISTED
Verifone Systems Inc
PAY
| $2.63M | 0.01% |
97,900
+31,000
| +46% | +$741K |
|
|
LFC
1623
DELISTED
China Life Insurance Company Ltd.
LFC
| $2.62M | 0.01% |
166,614
+26,421
| +19% | +$382K |
|
1624
Dick's Sporting Goods
DKS
$18.4B
| $2.62M | 0.01% |
45,130
-21,370
| -32% | -$1.17M |
|
1625
Bath & Body Works
BBWI
$4.13B
| $2.62M | 0.01% |
+52,329
| New | +$2.62M |
|
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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.