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 | |
|---|---|---|---|---|---|---|
3126
Arbor Realty Trust
ABR
$960M
| $172K | ﹤0.01% |
25,300
-10,400
| -29% | -$73.6K |
|
3127
PUT
Advanced Micro Devices
AMD
$851B
| $171K | ﹤0.01% |
45,000
| – | – |
|
|
TNAV
3128
DELISTED
Telenav Inc.
TNAV
| $171K | ﹤0.01% |
29,201
-36,741
| -56% | -$212K |
|
|
STEI
3129
DELISTED
STEWART ENTERPRISES INC CL-A
STEI
| $170K | ﹤0.01% |
12,964
-53,920
| -81% | -$708K |
|
|
PGH
3130
DELISTED
Pengrowth Energy Corporation
PGH
| $167K | ﹤0.01% |
28,200
-38,527
| -58% | -$216K |
|
|
TCF
3131
DELISTED
TCF Financial Corporation
TCF
| $166K | ﹤0.01% |
11,623
-329,358
| -97% | -$4.91M |
|
3132
Motorcar Parts of America
MPAA
$261M
| $164K | ﹤0.01% |
12,947
-11,453
| -47% | -$110K |
|
|
BDSI
3133
DELISTED
BioDelivery Sciences International, Inc.
BDSI
| $163K | ﹤0.01% |
+29,977
| New | +$144K |
|
|
BFX
3134
DELISTED
BowFlex Inc.
BFX
| $161K | ﹤0.01% |
22,300
-28,874
| -56% | -$222K |
|
|
RFP
3135
DELISTED
Resolute Forest Products Inc.
RFP
| $161K | ﹤0.01% |
+12,152
| New | +$168K |
|
3136
Marcus Corp
MCS
$732M
| $158K | ﹤0.01% |
+10,857
| New | +$142K |
|
3137
Protalix BioTherapeutics
PLX
$191M
| $156K | ﹤0.01% |
3,439
+1,734
| +102% | +$89K |
|
3138
PhenixFIN
PFX
| $155K | ﹤0.01% |
561
+5
| +0.9% | +$1.39K |
|
|
TI
3139
DELISTED
Telecom Italia
TI
| $155K | ﹤0.01% |
19,075
-30,512
| -62% | -$216K |
|
|
OME
3140
DELISTED
Omega Protein
OME
| $152K | ﹤0.01% |
14,900
-118,173
| -89% | -$1.1M |
|
|
NES
3141
DELISTED
NUVERRA ENVIRONMENTAL INC NEW COM STK (DE)
NES
| $151K | ﹤0.01% |
6,588
+1,277
| +24% | +$36.1K |
|
|
NIHD
3142
DELISTED
NII HOLDINGS INC CL B
NIHD
| $151K | ﹤0.01% |
24,864
+6,808
| +38% | +$45.9K |
|
|
HWCC
3143
DELISTED
Houston Wire & Cable Company
HWCC
| $150K | ﹤0.01% |
11,143
-13,015
| -54% | -$179K |
|
|
DNDN
3144
DELISTED
DENDREON CORPORATION
DNDN
| $150K | ﹤0.01% |
51,138
-100,506
| -66% | -$372K |
|
|
AGEN
3145
Agenus
AGEN
$249M
| $147K | ﹤0.01% |
2,709
+1,665
| +159% | +$114K |
|
|
AAV
3146
DELISTED
Advantage Oil & Gas Ltd
AAV
| $145K | ﹤0.01% |
37,902
+21,511
| +131% | +$81.8K |
|
3147
iShares MSCI Japan ETF
EWJ
$21.7B
| $143K | ﹤0.01% |
3,000
-83,320
| -97% | -$3.86M |
|
3148
Cardiff Oncology
CRDF
$64.3M
| $141K | ﹤0.01% |
+273
| New | +$155K |
|
|
UCTT
3149
Ultra Clean Holdings
UCTT
$4.16B
| $141K | ﹤0.01% |
20,406
-22,457
| -52% | -$150K |
|
|
PCTI
3150
DELISTED
PCTEL, Inc. Common Stock
PCTI
| $141K | ﹤0.01% |
+15,954
| New | +$143K |
|
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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.