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 | |
|---|---|---|---|---|---|---|
326
Macy's
M
$6.53B
| $21.2M | 0.07% |
490,414
-27,911
| -5% | -$1.3M |
|
327
Diamondback Energy
FANG
$57.1B
| $21.1M | 0.07% |
495,207
+106,931
| +28% | +$4.35M |
|
|
TIBX
328
DELISTED
TIBCO SOFTWARE INC
TIBX
| $21.1M | 0.07% |
823,702
+585,133
| +245% | +$14M |
|
|
ROC
329
DELISTED
ROCKWOOD HLDGS INC
ROC
| $21.1M | 0.07% |
314,831
+148,009
| +89% | +$9.76M |
|
330
CALL
General Motors
GM
$80.4B
| $21M | 0.07% |
582,500
+382,500
| +191% | +$13.7M |
|
|
ICPT
331
DELISTED
Intercept Pharmaceuticals, Inc.
ICPT
| $20.7M | 0.07% |
300,486
+148,392
| +98% | +$7.33M |
|
|
BMR
332
DELISTED
BIOMED REALTY TRUST INC
BMR
| $20.6M | 0.07% |
1,107,982
+356,543
| +47% | +$7M |
|
333
Hasbro
HAS
$13.2B
| $20.6M | 0.07% |
436,367
+257,258
| +144% | +$12M |
|
|
CXO
334
PUT
DELISTED
CONCHO RESOURCES INC.
CXO
| $20.5M | 0.07% |
+188,800
| New | +$18M |
|
|
SWN
335
DELISTED
Southwestern Energy Company
SWN
| $20.5M | 0.07% |
563,717
+118,115
| +27% | +$4.48M |
|
|
PHH
336
DELISTED
PHH Corporation
PHH
| $20.5M | 0.07% |
862,392
-1,610,198
| -65% | -$35.7M |
|
|
DELL
337
DELISTED
DELL INC
DELL
| $20.3M | 0.07% |
1,479,377
-1,627,214
| -52% | -$22M |
|
|
FCE.A
338
DELISTED
Forest City Realty Trust, Inc.
FCE.A
| $20.3M | 0.07% |
1,072,209
-165,689
| -13% | -$3.01M |
|
339
Old Dominion Freight Line
ODFL
$44.1B
| $20.3M | 0.07% |
1,324,299
-124,515
| -9% | -$1.85M |
|
340
NetEase
NTES
$85.3B
| $20.3M | 0.07% |
1,397,890
+1,207,570
| +634% | +$16.5M |
|
|
TYC
341
DELISTED
TYCO INTL PLC COM SHS (IRL)
TYC
| $20.3M | 0.07% |
553,320
+291,873
| +112% | +$10.6M |
|
|
WBC
342
DELISTED
WABCO HOLDINGS INC.
WBC
| $20.1M | 0.06% |
238,894
-296,619
| -55% | -$23.7M |
|
343
NXP Semiconductors
NXPI
$57.8B
| $20.1M | 0.06% |
540,224
+271,409
| +101% | +$9.6M |
|
|
WBA
344
DELISTED
Walgreens Boots Alliance
WBA
| $20.1M | 0.06% |
373,639
+89,408
| +31% | +$4.49M |
|
345
SiriusXM
SIRI
$9.98B
| $20.1M | 0.06% |
518,728
+225,908
| +77% | +$8.41M |
|
346
SLM Corp
SLM
$4.89B
| $20.1M | 0.06% |
2,258,506
+1,091,662
| +94% | +$9.53M |
|
347
Insmed
INSM
$21.4B
| $20.1M | 0.06% |
1,285,871
+1,272,361
| +9,418% | +$16.2M |
|
348
HP
HPQ
$24.9B
| $20.1M | 0.06% |
2,105,517
+250,971
| +14% | +$2.77M |
|
|
ASTX
349
DELISTED
ASTEX PHARMACEUTICALS, INC COM
ASTX
| $20M | 0.06% |
2,355,404
+1,897,090
| +414% | +$12M |
|
|
KSU
350
DELISTED
Kansas City Southern
KSU
| $19.9M | 0.06% |
182,266
-47,480
| -21% | -$5.22M |
|
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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.