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 | |
|---|---|---|---|---|---|---|
|
GRMN
3401
Garmin
GRMN
$46.9B
| – | – |
-21,402
| Closed | -$850K |
|
3402
Great Southern Bancorp
GSBC
$863M
| – | – |
-8,830
| Closed | -$238K |
|
3403
CALL
Goodyear
GT
$2.07B
| – | – |
-200,000
| Closed | -$3.06M |
|
|
GTLS
3404
DELISTED
Chart Industries
GTLS
| – | – |
-3,874
| Closed | -$365K |
|
3405
HCA Healthcare
HCA
$84.8B
| – | – |
-674,344
| Closed | -$26.3M |
|
|
HES
3406
CALL
DELISTED
Hess
HES
| – | – |
-61,200
| Closed | -$4.07M |
|
|
HI
3407
DELISTED
Hillenbrand
HI
| – | – |
-39,414
| Closed | -$935K |
|
3408
Highwoods Properties
HIW
$3.71B
| – | – |
-268,999
| Closed | -$9.58M |
|
3409
Hecla Mining
HL
$10.2B
| – | – |
-234,216
| Closed | -$698K |
|
3410
CALL
Herbalife
HLF
$1.23B
| – | – |
-120,400
| Closed | -$2.72M |
|
|
MCHB
3411
Mechanics Bancorp
MCHB
$3.47B
| – | – |
-24,669
| Closed | -$529K |
|
3412
Helmerich & Payne
HP
$3.53B
| – | – |
-20,524
| Closed | -$1.28M |
|
3413
PUT
HP
HPQ
$23.5B
| – | – |
-249,707
| Closed | -$2.81M |
|
3414
Healthcare Realty
HR
$7.42B
| – | – |
-289,841
| Closed | -$6.51M |
|
3415
HUB Group
HUBG
$3.01B
| – | – |
-56,528
| Closed | -$1.03M |
|
3416
CALL
Humana
HUM
$46.7B
| – | – |
-150,000
| Closed | -$12.7M |
|
|
3417
PUT
Humana
HUM
$46.7B
| – | – |
-150,000
| Closed | -$12.7M |
|
3418
PUT
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$16.3B
| – | – |
-100,000
| Closed | -$9.09M |
|
3419
PUT
IAMGOLD
IAG
$8.47B
| – | – |
-301,000
| Closed | -$1.3M |
|
3420
Idacorp
IDA
$8.23B
| – | – |
-13,720
| Closed | -$655K |
|
3421
IDT Corp
IDT
$1.6B
| – | – |
-67,764
| Closed | -$756K |
|
3422
PUT
Illumina
ILMN
$29.4B
| – | – |
-411
| Closed | -$30K |
|
3423
IMAX
IMAX
$2.38B
| – | – |
-86,010
| Closed | -$2.14M |
|
3424
ING
ING
$93.8B
| – | – |
-13,500
| Closed | -$123K |
|
3425
PUT
Intel
INTC
$466B
| – | – |
-586,500
| Closed | -$14.2M |
|
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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.