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 | |
|---|---|---|---|---|---|---|
|
RUTH
1976
DELISTED
Ruth's Hospitality Group, Inc.
RUTH
| $1.22M | ﹤0.01% |
103,027
-29,043
| -22% | -$356K |
|
1977
Dycom Industries
DY
$12.1B
| $1.22M | ﹤0.01% |
43,523
+9,814
| +29% | +$257K |
|
|
PBCT
1978
DELISTED
People's United Financial Inc
PBCT
| $1.22M | ﹤0.01% |
+84,587
| New | +$1.25M |
|
1979
Lesaka Technologies
LSAK
$392M
| $1.21M | ﹤0.01% |
100,841
+82,431
| +448% | +$744K |
|
|
INXN
1980
DELISTED
Interxion Holding N.V.
INXN
| $1.21M | ﹤0.01% |
+54,317
| New | +$1.34M |
|
1981
CALL
lululemon athletica
LULU
$13.7B
| $1.21M | ﹤0.01% |
16,500
+12,700
| +334% | +$886K |
|
|
USG
1982
DELISTED
Usg
USG
| $1.21M | ﹤0.01% |
42,234
-526,638
| -93% | -$13.4M |
|
|
BECN
1983
DELISTED
Beacon Roofing Supply, Inc.
BECN
| $1.2M | ﹤0.01% |
32,599
-25,913
| -44% | -$989K |
|
|
CTRX
1984
CALL
DELISTED
CATAMARAN CORP COM STK (CDA)
CTRX
| $1.2M | ﹤0.01% |
+26,100
| New | +$1.38M |
|
1985
Honda
HMC
$39.3B
| $1.2M | ﹤0.01% |
31,391
-32,728
| -51% | -$1.25M |
|
1986
AvalonBay Communities
AVB
$27.2B
| $1.19M | ﹤0.01% |
9,392
-33,366
| -78% | -$4.4M |
|
1987
Matthews International
MATW
$900M
| $1.19M | ﹤0.01% |
31,225
+22,293
| +250% | +$861K |
|
1988
CALL
Ventas
VTR
$47.7B
| $1.19M | ﹤0.01% |
16,901
-18,565
| -52% | -$1.38M |
|
1989
EXL Service
EXLS
$4.66B
| $1.18M | ﹤0.01% |
+207,840
| New | +$1.19M |
|
1990
Vanguard Real Estate ETF
VNQ
$40B
| $1.18M | ﹤0.01% |
17,844
+1,744
| +11% | +$119K |
|
|
RGLS
1991
DELISTED
Regulus Therapeutics
RGLS
| $1.18M | ﹤0.01% |
+1,042
| New | +$1.23M |
|
|
OVRL
1992
DELISTED
OVERLAND STORAGE INC
OVRL
| $1.18M | ﹤0.01% |
238,078
+1,078
| +0.5% | +$6K |
|
1993
Comscore
SCOR
$116M
| $1.18M | ﹤0.01% |
2,029
+930
| +85% | +$518K |
|
1994
PUT
Chord Energy
CHRD
$7.25B
| $1.17M | ﹤0.01% |
+23,900
| New | +$1M |
|
1995
PUT
Best Buy
BBY
$18.9B
| $1.17M | ﹤0.01% |
31,200
+21,800
| +232% | +$724K |
|
1996
iShares MSCI Hong Kong ETF
EWH
$1.24B
| $1.17M | ﹤0.01% |
+58,405
| New | +$1.13M |
|
1997
VirnetX Holding Corp
VHC
$54.4M
| $1.17M | ﹤0.01% |
2,864
+1,549
| +118% | +$611K |
|
|
IMGN
1998
DELISTED
Immunogen Inc
IMGN
| $1.17M | ﹤0.01% |
+68,635
| New | +$1.21M |
|
1999
Pearson
PSO
$10.5B
| $1.17M | ﹤0.01% |
57,311
+35,111
| +158% | +$700K |
|
|
EQY
2000
DELISTED
Equity One
EQY
| $1.17M | ﹤0.01% |
+53,303
| New | +$1.2M |
|
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.