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 | |
|---|---|---|---|---|---|---|
2726
Curis
CRIS
$9.34M
| $376K | ﹤0.01% |
42
+34
| +425% | +$275K |
|
|
IRBT
2727
PUT
DELISTED
iRobot
IRBT
| $376K | ﹤0.01% |
10,000
| – | – |
|
|
PER
2728
DELISTED
SANDRIDGE PERMIAN TRUST
PER
| $374K | ﹤0.01% |
26,293
+1,676
| +7% | +$24.9K |
|
|
CEO
2729
DELISTED
CNOOC Limited
CEO
| $374K | ﹤0.01% |
+1,855
| New | +$353K |
|
2730
Alamo Group
ALG
$2B
| $373K | ﹤0.01% |
+7,631
| New | +$344K |
|
|
MFA
2731
CALL
MFA Financial
MFA
$932M
| $373K | ﹤0.01% |
12,500
| – | – |
|
|
MFA
2732
PUT
MFA Financial
MFA
$932M
| $373K | ﹤0.01% |
12,500
| – | – |
|
2733
CALL
Oneok
OKE
$57.2B
| $373K | ﹤0.01% |
+7,995
| New | +$347K |
|
2734
CALL
EOG Resources
EOG
$76B
| $372K | ﹤0.01% |
+4,400
| New | +$341K |
|
2735
PUT
Ford
F
$57.3B
| $371K | ﹤0.01% |
22,000
+5,700
| +35% | +$96.3K |
|
2736
Northwest Natural Holdings
NWN
$2.17B
| $371K | ﹤0.01% |
8,832
-22,376
| -72% | -$951K |
|
2737
PUT
Phillips 66
PSX
$82.7B
| $370K | ﹤0.01% |
+6,400
| New | +$371K |
|
|
MXWL
2738
DELISTED
Maxwell Technologies Inc
MXWL
| $369K | ﹤0.01% |
+40,719
| New | +$353K |
|
|
RSH
2739
DELISTED
RADIOSHACK CORP
RSH
| $369K | ﹤0.01% |
108,212
-139,093
| -56% | -$446K |
|
|
S
2740
DELISTED
Sprint Corporation
S
| $367K | ﹤0.01% |
+59,027
| New | +$389K |
|
2741
FormFactor
FORM
$7.43B
| $364K | ﹤0.01% |
53,034
+17,758
| +50% | +$121K |
|
2742
Williams Companies
WMB
$87.3B
| $364K | ﹤0.01% |
10,000
-562,933
| -98% | -$19.7M |
|
|
IPHI
2743
DELISTED
INPHI CORPORATION
IPHI
| $364K | ﹤0.01% |
+27,100
| New | +$329K |
|
2744
American Public Education
APEI
$907M
| $360K | ﹤0.01% |
9,523
-11,411
| -55% | -$449K |
|
2745
Bausch Health
BHC
$1.7B
| $360K | ﹤0.01% |
3,450
-86,240
| -96% | -$8.4M |
|
2746
MarketAxess Holdings
MKTX
$4.2B
| $360K | ﹤0.01% |
6,000
+1,000
| +20% | +$53.4K |
|
|
WWE
2747
DELISTED
World Wrestling Entertainment
WWE
| $360K | ﹤0.01% |
+35,368
| New | +$365K |
|
2748
ACI Worldwide
ACIW
$5.84B
| $359K | ﹤0.01% |
19,941
-55,485
| -74% | -$913K |
|
2749
PUT
Parker-Hannifin
PH
$123B
| $359K | ﹤0.01% |
3,300
-117,100
| -97% | -$12.1M |
|
2750
Performance Shipping
PSHG
$22.3M
| – | – |
0
| – | – |
|
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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.