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 | |
|---|---|---|---|---|---|---|
2526
United Therapeutics
UTHR
$26.3B
| $511K | ﹤0.01% |
6,482
-69,597
| -91% | -$5.09M |
|
|
SPA
2527
DELISTED
Sparton
SPA
| $511K | ﹤0.01% |
+20,056
| New | +$396K |
|
|
CVSA
2528
PUT
Covista Inc
CVSA
$4.09B
| $510K | ﹤0.01% |
+16,700
| New | +$515K |
|
2529
Banco Santander Chile
BSAC
$16.2B
| $510K | ﹤0.01% |
+19,411
| New | +$463K |
|
2530
Independent Bank Corp
IBCP
$774M
| $510K | ﹤0.01% |
+50,977
| New | +$431K |
|
2531
Monro
MNRO
$529M
| $509K | ﹤0.01% |
+10,972
| New | +$501K |
|
|
IQNT
2532
DELISTED
Inteliquent, Inc.
IQNT
| $508K | ﹤0.01% |
+52,600
| New | +$419K |
|
|
MESG
2533
DELISTED
XURA INC COM (DE)
MESG
| $508K | ﹤0.01% |
+15,898
| New | +$496K |
|
2534
CALL
Cigna
CI
$77B
| $507K | ﹤0.01% |
+6,600
| New | +$515K |
|
2535
Goldgroup Mining Inc.
GORO
$162M
| $507K | ﹤0.01% |
76,505
+56,423
| +281% | +$447K |
|
2536
Movado Group
MOV
$835M
| $507K | ﹤0.01% |
11,584
-28,674
| -71% | -$1.12M |
|
2537
CALL
Yum! Brands
YUM
$40.7B
| $507K | ﹤0.01% |
+9,876
| New | +$512K |
|
2538
Ennis
EBF
$550M
| $506K | ﹤0.01% |
+28,033
| New | +$511K |
|
2539
Mativ Holdings
MATV
$455M
| $506K | ﹤0.01% |
8,367
-2,450
| -23% | -$138K |
|
|
CZZ
2540
DELISTED
Cosan Limited
CZZ
| $506K | ﹤0.01% |
32,891
-113,350
| -78% | -$1.71M |
|
2541
PUT
EnerSys
ENS
$6.94B
| $503K | ﹤0.01% |
+8,300
| New | +$446K |
|
2542
PUT
General Mills
GIS
$19.5B
| $503K | ﹤0.01% |
+10,500
| New | +$527K |
|
|
REXX
2543
DELISTED
Rex Energy Corporation
REXX
| $502K | ﹤0.01% |
2,249
+495
| +28% | +$100K |
|
|
ICA
2544
DELISTED
EMPRESAS ICA, S.A. DE C.V. ADS (EA REPTG 4 ORD PART CERT)
ICA
| $502K | ﹤0.01% |
+58,807
| New | +$493K |
|
2545
PUT
Nordson
NDSN
$16.6B
| $501K | ﹤0.01% |
+6,800
| New | +$489K |
|
2546
PUT
WEC Energy
WEC
$37.1B
| $497K | ﹤0.01% |
+12,300
| New | +$512K |
|
|
BAGL
2547
DELISTED
EINSTEIN NOAH RESTAURANT GROUP, INC CMN STK (DELAWARE)
BAGL
| $497K | ﹤0.01% |
28,691
+6,098
| +27% | +$101K |
|
2548
TC Energy
TRP
$71.2B
| $493K | ﹤0.01% |
11,218
-120,733
| -91% | -$5.38M |
|
|
CALD
2549
DELISTED
Callidus Software, Inc.
CALD
| $493K | ﹤0.01% |
53,795
-2,577
| -5% | -$19.5K |
|
|
ADVS
2550
DELISTED
Advent Software Inc
ADVS
| $492K | ﹤0.01% |
+15,489
| New | +$462K |
|
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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.