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 | |
|---|---|---|---|---|---|---|
|
B
201
PUT
Barrick Mining
B
$61.5B
| $30.4M | 0.1% |
1,630,800
+175,700
| +12% | +$3.1M |
|
202
Lennox International
LII
$14.4B
| $30.4M | 0.1% |
403,408
+257,823
| +177% | +$18.2M |
|
203
PENN Entertainment
PENN
$2.75B
| $30.3M | 0.1% |
2,421,102
+13,694
| +0.6% | +$165K |
|
|
CELG
204
DELISTED
Celgene Corp
CELG
| $30.2M | 0.1% |
391,828
-468
| -0.1% | -$32.8K |
|
|
SWFT
205
DELISTED
Swift Transportation Company
SWFT
| $30.1M | 0.1% |
1,493,249
-216,795
| -13% | -$3.94M |
|
206
Capital One
COF
$128B
| $30.1M | 0.1% |
437,878
+388,804
| +792% | +$26.2M |
|
207
Tidewater
TDW
$3.73B
| $29.9M | 0.1% |
15,628
-4,021
| -20% | -$7.49M |
|
208
PPG Industries
PPG
$24.6B
| $29.9M | 0.1% |
357,610
-152,886
| -30% | -$12.2M |
|
209
Eli Lilly
LLY
$1.02T
| $29.8M | 0.1% |
592,514
-667,962
| -53% | -$35M |
|
210
CALL
iShares MSCI Japan ETF
EWJ
$21.9B
| $29.8M | 0.1% |
625,000
+17,750
| +3% | +$822K |
|
211
Salesforce
CRM
$151B
| $29.7M | 0.1% |
571,304
+526,842
| +1,185% | +$23.9M |
|
|
MHFI
212
DELISTED
MCGRAW-HILL FINANCIAL INC COM
MHFI
| $29.3M | 0.09% |
446,836
+224,650
| +101% | +$13.6M |
|
213
PUT
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
$3.65B
| $29.1M | 0.09% |
110,400
-55,225
| -33% | -$13.9M |
|
|
TIVO
214
DELISTED
TIVO INC
TIVO
| $28.9M | 0.09% |
2,322,551
+8,604
| +0.4% | +$99.3K |
|
215
Invesco
IVZ
$13.1B
| $28.8M | 0.09% |
901,845
-943,122
| -51% | -$30.1M |
|
216
Best Buy
BBY
$18.2B
| $28.8M | 0.09% |
766,837
+108,273
| +16% | +$3.6M |
|
|
GWR
217
DELISTED
Genesee & Wyoming Inc.
GWR
| $28.6M | 0.09% |
307,235
-29,044
| -9% | -$2.62M |
|
218
Valero Energy
VLO
$90.1B
| $28.6M | 0.09% |
836,351
+771,232
| +1,184% | +$27.3M |
|
219
GE Aerospace
GE
$374B
| $28.6M | 0.09% |
249,452
+103,136
| +70% | +$11.8M |
|
|
CHK
220
CALL
DELISTED
Chesapeake Energy Corporation
CHK
| $28.5M | 0.09% |
5,828
+3,702
| +174% | +$17.2M |
|
|
MRO
221
DELISTED
Marathon Oil Corporation
MRO
| $28.4M | 0.09% |
813,472
-232,213
| -22% | -$8.26M |
|
222
Starbucks
SBUX
$120B
| $28.4M | 0.09% |
736,738
+273,624
| +59% | +$9.83M |
|
223
Regions Financial
RF
$26.4B
| $28.4M | 0.09% |
3,061,676
+2,584,902
| +542% | +$25.3M |
|
|
MRSH
224
Marsh
MRSH
$90.5B
| $28.3M | 0.09% |
650,336
-217,924
| -25% | -$9.16M |
|
225
Trip.com Group
TCOM
$29.6B
| $28.3M | 0.09% |
969,996
+763,034
| +369% | +$16.4M |
|
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.