---
name: Copy Millennium Management
kind: hedgecopy-fund
cik: 0001273087
latest_13f_period: 2026-06-30
latest_13f_filed: 2026-08-14
author: HedgeCopy
---

# Copy Millennium Management (13F follow-the-filing)

Millennium Management files a 13F-HR with the SEC each quarter (CIK 0001273087). This skill describes a
long-only copy portfolio built from that filing, bought the trading day after it is filed.

## Track record (estimated from 13F holdings, net of 10 bps per unit of turnover)
- Annualised return copying the filings, last 3 years (headline): +21.7% vs SPY +22.9% (alpha -1.2%/yr)
- Annualised since the series started (2022-08-19 to 2026-10-09): +15.2% vs SPY +17.3%
- Follow-the-filing TTM: +14.1% vs SPY +16.2% (alpha -2.1%)
- Quarters of history: 17; average coverage 84%; flags: hard_to_copy

## Latest disclosed top holdings (2026-06-30)
| # | Ticker | Issuer | Weight |
|---|---|---|---|
| 1 | IVV | ISHARES  TR | 7.6% |
| 2 | SPY | STATE  STR    SPDR  S&P  500  ETF   T | 2.5% |
| 3 | SPCX | SPACE  EXPLORATION        TECHN   CORP | 2.1% |
| 4 | NVDA | NVIDIA  CORPORATION | 1.7% |
| 5 | NSC | NORFOLK   SOUTHN       CORP | 1.1% |
| 6 | MSFT | MICROSOFT      CORP | 1.1% |
| 7 | WBD | WARNER   BROS    DISCOVERY     INC | 1.1% |
| 8 | VOO | VANGUARD  INDEX     FDS | 0.9% |
| 9 | AMZN | AMAZON   COM   INC | 0.7% |
| 10 | — | ELECTRONIC   ARTS    INC | 0.6% |
| 11 | SNDK | SANDISK     CORP | 0.6% |
| 12 | BE | BLOOM   ENERGY      CORP | 0.5% |
| 13 | TSM | TAIWAN    SEMICONDUCTOR         MANUFAC | 0.5% |
| 14 | META | META  PLATFORMS        INC | 0.5% |
| 15 | FCX | FREEPORT    MCMORAN   INC | 0.5% |
| 16 | KVUE | KENVUE   INC | 0.5% |
| 17 | QQQ | INVESCO  QQQ  TR | 0.5% |
| 18 | UNH | UNITEDHEALTH       GROUP  INC | 0.5% |
| 19 | NRG | NRG   ENERGY     INC | 0.4% |
| 20 | AEP | AMERICAN  ELEC   PWR       CO  INC | 0.4% |

## About the fund

Millennium Management is a global, multi-strategy investment firm founded in 1989 by Israel Englander. It operates as one of the world's largest alternative asset management firms, utilizing a decentralized platform model with independent investment teams to manage capital across diverse markets and strategies.

- Strategy: Multi-Strategy
- Type: Multi-strategy
- Founders: Israel Englander, Ronald Shear
- Key people: Israel Alexander Englander (Chairman and Chief Executive Officer); Ajay Nagpal (President and Chief Operating Officer); Justin Gerald Gmelich (Co-Chief Investment Officer); Paul Martin Russo (Co-CIO and Global Head of Equities Risk); John Novogratz (Chief Marketing Officer / Head of capital development and investor relations); Dan Michael Berkovitz (Vice Chairman, External and Regulatory Affairs)
- Founded 1989 · HQ New York, United States
- Reported AUM: $97.0bn (as of September 2026)
- Website: https://www.mlp.com

### Approach
Millennium operates a decentralized platform model consisting of approximately 280 independent investment teams, each allocated capital to deploy across various trading strategies. The firm emphasizes a rigorous risk management framework, where portfolio managers face strict limits on losses, alongside a collaborative culture and deep investment in technology and infrastructure. It seeks to deliver consistent, high-quality returns by leveraging global insights and diverse perspectives across industry sectors, asset classes, and geographies.

### History
Founded in 1989 by Israel Englander and Ronald Shear with $35 million, the firm initially underperformed, leading to Shear's departure after six months. Over its 37-year history, it evolved into a major global investment platform known for its decentralized model of independent investment teams. The firm has consistently grown its assets and team count, reaching $97 billion in AUM by September 2026.

### Notable positions / campaigns
- WorldQuant (2018): Joint venture with quantitative investment firm WorldQuant.
- Albar Capital Partners (2018): Millennium seeded this hedge fund, which now manages money exclusively for Millennium.
- Jain Global (2026): Millennium seeded this hedge fund, which now manages money exclusively for Millennium.

_Profile generated 2026-10-09 from public sources; may be incomplete or out of date._

## Rules
- Hold the top 20 long US-equity positions from the latest 13F-HR, weighted as reported.
- Rebalance on the first trading day after each new 13F-HR is filed. Cash only, paper only.

## Parameters
```json
{
  "params": {
    "funds": [
      "0001273087"
    ],
    "top_n": 20,
    "weighting": "13f",
    "rebalance": "filing_plus_1",
    "budget_usd": 10000,
    "stop_loss_pct": null,
    "cash_only": true
  }
}
```

> Estimated from 13F holdings (long US equities only; no shorts, options, cash or fees). Past performance is not a guide to the future. Not investment advice. Paper trading only.