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 | |
|---|---|---|---|---|---|---|
|
IPCM
2551
DELISTED
IPC HEALTHCARE INC COM DTD
IPCM
| $491K | ﹤0.01% |
9,631
-40,961
| -81% | -$2.12M |
|
2552
Rogers Corp
ROG
$2.31B
| $489K | ﹤0.01% |
8,224
-18,960
| -70% | -$1.04M |
|
2553
PUT
Sempra
SRE
$59.7B
| $488K | ﹤0.01% |
+11,400
| New | +$484K |
|
|
CONN
2554
PUT
DELISTED
Conn's Inc.
CONN
| $485K | ﹤0.01% |
+9,700
| New | +$574K |
|
2555
PUT
Cigna
CI
$77B
| $484K | ﹤0.01% |
+6,300
| New | +$492K |
|
|
MGI
2556
DELISTED
MoneyGram International, Inc. New
MGI
| $484K | ﹤0.01% |
24,723
-275,321
| -92% | -$5.91M |
|
2557
Casella Waste Systems
CWST
$5.68B
| $483K | ﹤0.01% |
83,937
+70,337
| +517% | +$354K |
|
2558
Taylor Morrison
TMHC
| $483K | ﹤0.01% |
21,321
-467,668
| -96% | -$10.6M |
|
2559
Gray Television
GTN
$409M
| $481K | ﹤0.01% |
61,235
-88,216
| -59% | -$661K |
|
2560
Wintrust Financial
WTFC
$10.7B
| $481K | ﹤0.01% |
11,714
-40,868
| -78% | -$1.66M |
|
2561
CALL
Cooper Companies
COO
$13.7B
| $480K | ﹤0.01% |
+14,800
| New | +$477K |
|
2562
PUT
Hormel Foods
HRL
$14.3B
| $480K | ﹤0.01% |
+22,800
| New | +$479K |
|
2563
St. Joe Company
JOE
$3.56B
| $480K | ﹤0.01% |
+24,454
| New | +$515K |
|
2564
TTEC Holdings
TTEC
$107M
| $480K | ﹤0.01% |
+19,117
| New | +$473K |
|
|
ADT
2565
PUT
DELISTED
ADT Corp
ADT
| $480K | ﹤0.01% |
+11,800
| New | +$485K |
|
|
PTP
2566
DELISTED
PLATINUM UNDERWRITERS HLDGS LTD
PTP
| $480K | ﹤0.01% |
8,038
+2,056
| +34% | +$120K |
|
2567
Unitil
UTL
$999M
| $479K | ﹤0.01% |
16,371
-12,177
| -43% | -$359K |
|
|
GA
2568
DELISTED
GIANT INTERACTIVE GROUP INC ADR (CAYMAN ISLANDS)
GA
| $478K | ﹤0.01% |
+52,395
| New | +$429K |
|
|
PRMW
2569
DELISTED
Primo Water Corporation
PRMW
| $477K | ﹤0.01% |
62,011
+39,169
| +171% | +$320K |
|
|
EOX
2570
DELISTED
EMERALD OIL INC (MT)
EOX
| $476K | ﹤0.01% |
3,311
+2,038
| +160% | +$289K |
|
|
ARI
2571
Apollo Commercial Real Estate
ARI
$876M
| $475K | ﹤0.01% |
31,131
+15,173
| +95% | +$237K |
|
2572
PRA Group
PRAA
$683M
| $475K | ﹤0.01% |
+7,926
| New | +$425K |
|
|
CAA
2573
PUT
DELISTED
CalAtlantic Group, Inc.
CAA
| $475K | ﹤0.01% |
12,000
| – | – |
|
|
IO
2574
DELISTED
ION Geophysical Corporation
IO
| $474K | ﹤0.01% |
6,076
+28
| +0.5% | +$2.3K |
|
2575
PUT
AGNC Investment
AGNC
$12.4B
| $472K | ﹤0.01% |
+20,900
| New | +$470K |
|
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.