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 | |
|---|---|---|---|---|---|---|
|
FLIR
276
DELISTED
FLIR Systems, Inc. (DE) Common Stock
FLIR
| $24M | 0.08% |
763,171
+586,944
| +333% | +$18.3M |
|
|
DD
277
DELISTED
Du Pont De Nemours E I
DD
| $23.9M | 0.08% |
429,158
+81,140
| +23% | +$4.43M |
|
|
VMW
278
DELISTED
VMware, Inc
VMW
| $23.8M | 0.08% |
294,518
+58,986
| +25% | +$4.77M |
|
279
FedEx
FDX
$72.7B
| $23.8M | 0.08% |
208,460
+29,068
| +16% | +$3.14M |
|
280
PUT
VanEck Oil Services ETF
OIH
$2.06B
| $23.8M | 0.08% |
25,235
+1,145
| +5% | +$1.05M |
|
281
Terex
TEX
$7.18B
| $23.7M | 0.08% |
706,184
+498,239
| +240% | +$15.1M |
|
282
Watsco Inc
WSO
$12.7B
| $23.7M | 0.08% |
251,302
+46,006
| +22% | +$4.21M |
|
283
CALL
Microsoft
MSFT
$3.45T
| $23.7M | 0.08% |
+710,900
| New | +$23.4M |
|
|
OPEN
284
DELISTED
OPENTABLE,INC COMMON STOCK
OPEN
| $23.6M | 0.08% |
337,696
+235,694
| +231% | +$16.5M |
|
285
Ciena
CIEN
$53.4B
| $23.5M | 0.08% |
938,466
+501,357
| +115% | +$11.3M |
|
286
PUT
State Street Industrial Select Sector SPDR ETF
XLI
$32.8B
| $23.4M | 0.08% |
504,700
+143,400
| +40% | +$6.49M |
|
|
BAS
287
DELISTED
Basis Energy Services, Inc.
BAS
| $23.4M | 0.08% |
3,247
+328
| +11% | +$2.37M |
|
288
CALL
Intuitive Surgical
ISRG
$127B
| $23.3M | 0.08% |
558,000
+197,100
| +55% | +$8.7M |
|
289
Wells Fargo
WFC
$261B
| $23.3M | 0.08% |
564,133
+313,167
| +125% | +$13.4M |
|
290
Geospace Technologies
GEOS
$94.6M
| $23.3M | 0.08% |
276,353
-145,270
| -34% | -$10.8M |
|
|
PMT
291
PennyMac Mortgage Investment
PMT
$822M
| $23.2M | 0.07% |
1,021,991
+151,790
| +17% | +$3.32M |
|
292
Expeditors International
EXPD
$22B
| $22.9M | 0.07% |
519,184
-343,092
| -40% | -$14.2M |
|
|
HSH
293
DELISTED
HILLSHIRE BRANDS CO
HSH
| $22.9M | 0.07% |
743,474
-57,644
| -7% | -$1.91M |
|
|
CLP
294
DELISTED
COLONIAL PROPERTIES TRUST
CLP
| $22.8M | 0.07% |
1,012,819
-369,500
| -27% | -$8.57M |
|
|
HOT
295
DELISTED
STARWOOD HOTELS & RESORTS WORLDWIDE, INC.
HOT
| $22.7M | 0.07% |
341,448
+148,361
| +77% | +$9.82M |
|
|
DNKN
296
DELISTED
Dunkin' Brands Group, Inc.
DNKN
| $22.6M | 0.07% |
+499,705
| New | +$21.9M |
|
|
CYT
297
DELISTED
CYTEC INDS INC
CYT
| $22.5M | 0.07% |
553,942
+324,944
| +142% | +$12.6M |
|
298
Expro Ltd
XPRO
$1.79B
| $22.5M | 0.07% |
+125,448
| New | +$21.1M |
|
|
MOLX
299
DELISTED
MOLEX INC
MOLX
| $22.5M | 0.07% |
584,806
+453,106
| +344% | +$14.5M |
|
300
UnitedHealth
UNH
$376B
| $22.4M | 0.07% |
312,279
+312,253
| +1,200,973% | +$22.3M |
|
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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.