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 | |
|---|---|---|---|---|---|---|
1951
CALL
Adobe
ADBE
$99B
| $1.27M | ﹤0.01% |
+24,500
| New | +$1.17M |
|
1952
Savara
SVRA
$1.09B
| $1.27M | ﹤0.01% |
41,429
-1,428
| -3% | -$44.3K |
|
1953
CALL
Blackrock
BLK
$170B
| $1.27M | ﹤0.01% |
+4,700
| New | +$1.28M |
|
1954
Simpson Manufacturing
SSD
$8.16B
| $1.26M | ﹤0.01% |
+38,837
| New | +$1.23M |
|
|
TFCFA
1955
DELISTED
Twenty-First Century Fox, Inc. Class A
TFCFA
| $1.26M | ﹤0.01% |
+37,756
| New | +$1.19M |
|
|
MCRS
1956
DELISTED
MICROS SYSTEMS INC
MCRS
| $1.26M | ﹤0.01% |
25,257
-18,432
| -42% | -$893K |
|
|
EEQ
1957
DELISTED
Enbridge Energy Management Llc
EEQ
| $1.26M | ﹤0.01% |
68,745
+21,770
| +46% | +$415K |
|
1958
CALL
JPMorgan Chase
JPM
$950B
| $1.26M | ﹤0.01% |
+24,300
| New | +$1.3M |
|
|
INVN
1959
DELISTED
Invensense Inc
INVN
| $1.26M | ﹤0.01% |
+71,271
| New | +$1.2M |
|
|
CYS
1960
DELISTED
CYS Investments Inc.
CYS
| $1.26M | ﹤0.01% |
154,512
-67,451
| -30% | -$545K |
|
1961
Telephone and Data Systems
TDS
$3.87B
| $1.25M | ﹤0.01% |
42,461
+15,629
| +58% | +$430K |
|
1962
Coherent
COHR
$47.6B
| $1.25M | ﹤0.01% |
+66,528
| New | +$1.24M |
|
1963
CALL
Huntsman Corp
HUN
$2B
| $1.25M | ﹤0.01% |
60,700
-24,700
| -29% | -$451K |
|
|
JMBA
1964
DELISTED
Jamba, Inc.
JMBA
| $1.25M | ﹤0.01% |
93,408
+46,821
| +101% | +$660K |
|
1965
Fortress Biotech
FBIO
$113M
| $1.25M | ﹤0.01% |
11,848
+6,945
| +142% | +$851K |
|
1966
Coty
COTY
$2.45B
| $1.24M | ﹤0.01% |
76,773
-57,937
| -43% | -$963K |
|
|
ACAT
1967
DELISTED
Arctic Cat Inc
ACAT
| $1.24M | ﹤0.01% |
21,689
+10,419
| +92% | +$567K |
|
|
1968
PUT
Adobe
ADBE
$99B
| $1.23M | ﹤0.01% |
23,700
-80,600
| -77% | -$3.85M |
|
1969
iShares Russell 2000 Value ETF
IWN
$14.5B
| $1.23M | ﹤0.01% |
+13,428
| New | +$1.21M |
|
|
HTWR
1970
CALL
DELISTED
HEARTWARE INTERNATIONAL INC COM STK (DE)
HTWR
| $1.23M | ﹤0.01% |
16,800
-1,300
| -7% | -$111K |
|
1971
PUT
Northrop Grumman
NOC
$78B
| $1.23M | ﹤0.01% |
+12,900
| New | +$1.19M |
|
1972
Titan International
TWI
$530M
| $1.23M | ﹤0.01% |
83,820
+72,920
| +669% | +$1.2M |
|
|
SQNS
1973
Sequans Communications SA
SQNS
$39.5M
| $1.23M | ﹤0.01% |
5,000
-1,006
| -17% | -$199K |
|
|
KATE
1974
DELISTED
Kate Spade & Company
KATE
| $1.23M | ﹤0.01% |
48,738
-40,059
| -45% | -$976K |
|
1975
Fomento Económico Mexicano
FMX
$43.5B
| $1.22M | ﹤0.01% |
+12,592
| New | +$1.26M |
|
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.