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 | |
|---|---|---|---|---|---|---|
|
ASRT
2701
DELISTED
Assertio
ASRT
| $391K | ﹤0.01% |
+871
| New | +$356K |
|
2702
First Citizens BancShares
FCNCA
$24.3B
| $391K | ﹤0.01% |
1,900
-1,641
| -46% | -$338K |
|
2703
PACCAR
PCAR
$70.2B
| $391K | ﹤0.01% |
10,550
-121,014
| -92% | -$4.5M |
|
2704
PUT
Tidewater
TDW
$3.91B
| $391K | ﹤0.01% |
+205
| New | +$382K |
|
2705
PUT
Cooper Companies
COO
$13.7B
| $389K | ﹤0.01% |
+12,000
| New | +$387K |
|
2706
PUT
Oneok
OKE
$56.4B
| $389K | ﹤0.01% |
+8,338
| New | +$362K |
|
2707
CALL
Hormel Foods
HRL
$14.3B
| $388K | ﹤0.01% |
+18,400
| New | +$387K |
|
|
ECHO
2708
DELISTED
Echo Global Logistics, Inc.
ECHO
| $387K | ﹤0.01% |
+18,495
| New | +$390K |
|
|
DYN
2709
PUT
DELISTED
Dynegy, Inc.
DYN
| $386K | ﹤0.01% |
20,000
| – | – |
|
|
CVSA
2710
CALL
Covista Inc
CVSA
$4.09B
| $385K | ﹤0.01% |
+12,600
| New | +$388K |
|
2711
National CineMedia
NCMI
$362M
| $384K | ﹤0.01% |
2,036
-6,941
| -77% | -$1.26M |
|
|
VIA
2712
DELISTED
Viacom Inc. Class A
VIA
| $384K | ﹤0.01% |
+4,579
| New | +$356K |
|
|
CEO
2713
PUT
DELISTED
CNOOC Limited
CEO
| $383K | ﹤0.01% |
+1,900
| New | +$361K |
|
|
KAMN
2714
DELISTED
Kaman Corp
KAMN
| $382K | ﹤0.01% |
10,079
+4,161
| +70% | +$154K |
|
2715
Bankunited
BKU
$3.36B
| $381K | ﹤0.01% |
12,229
-74,037
| -86% | -$2.2M |
|
2716
NatWest
NWG
$72.8B
| $381K | ﹤0.01% |
30,550
-65,990
| -68% | -$738K |
|
|
SHLD
2717
DELISTED
Sears Holding Corporation
SHLD
| $381K | ﹤0.01% |
8,480
-13,911
| -62% | -$493K |
|
|
WLH
2718
DELISTED
WILLIAM LYON HOMES
WLH
| $381K | ﹤0.01% |
+18,741
| New | +$414K |
|
|
ACW
2719
DELISTED
Accuride Corp
ACW
| $380K | ﹤0.01% |
73,981
-232
| -0.3% | -$1.27K |
|
2720
Aviat Networks
AVNW
$265M
| $379K | ﹤0.01% |
24,604
+20,417
| +488% | +$320K |
|
|
AMAG
2721
DELISTED
AMAG Pharmaceuticals
AMAG
| $379K | ﹤0.01% |
17,650
-5,913
| -25% | -$140K |
|
2722
PUT
NextEra Energy
NEE
$185B
| $377K | ﹤0.01% |
+18,800
| New | +$388K |
|
|
UAM
2723
DELISTED
Universal American Corp
UAM
| $377K | ﹤0.01% |
49,473
-12,933
| -21% | -$113K |
|
|
AMCC
2724
DELISTED
Applied Micro Circuits Corporation New
AMCC
| $377K | ﹤0.01% |
29,222
-126,413
| -81% | -$1.44M |
|
2725
CDW
CDW
$17.6B
| $376K | ﹤0.01% |
+16,456
| New | +$364K |
|
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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.