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 | |
|---|---|---|---|---|---|---|
|
NXTM
676
DELISTED
NxStage Medical Inc.
NXTM
| $10.1M | 0.03% |
767,065
+163,607
| +27% | +$2.15M |
|
677
CALL
Baidu
BIDU
$36.9B
| $10.1M | 0.03% |
+65,000
| New | +$8.38M |
|
|
VAR
678
DELISTED
Varian Medical Systems, Inc.
VAR
| $10.1M | 0.03% |
153,727
+8,680
| +6% | +$550K |
|
679
Martin Marietta Materials
MLM
$32.1B
| $10.1M | 0.03% |
102,611
-32,297
| -24% | -$3.21M |
|
680
Chipotle Mexican Grill
CMG
$47.5B
| $10M | 0.03% |
1,170,000
-4,135,050
| -78% | -$33.4M |
|
|
RAX
681
CALL
DELISTED
Rackspace Hosting Inc
RAX
| $10M | 0.03% |
189,800
-99,300
| -34% | -$4.59M |
|
682
CALL
Plains All American Pipeline
PAA
$17.1B
| $10M | 0.03% |
190,000
| – | – |
|
|
ATML
683
DELISTED
ATMEL CORP
ATML
| $10M | 0.03% |
1,344,260
-36,047
| -3% | -$274K |
|
|
B
684
CALL
Barrick Mining
B
$61.3B
| $9.99M | 0.03% |
536,700
+125,000
| +30% | +$2.2M |
|
685
Abercrombie & Fitch
ANF
$4.4B
| $9.89M | 0.03% |
279,735
-74,928
| -21% | -$3.31M |
|
|
SN
686
DELISTED
Sanchez Energy Corporation
SN
| $9.88M | 0.03% |
373,939
+362,431
| +3,149% | +$8.6M |
|
687
Delek US
DK
$4.17B
| $9.8M | 0.03% |
464,807
-321,067
| -41% | -$8.48M |
|
688
Community Health Systems
CYH
$385M
| $9.79M | 0.03% |
285,565
+219,561
| +333% | +$7.79M |
|
|
LXK
689
DELISTED
Lexmark Intl Inc
LXK
| $9.79M | 0.03% |
+296,738
| New | +$10.5M |
|
690
Extreme Networks
EXTR
$3.94B
| $9.77M | 0.03% |
1,872,481
+1,762,760
| +1,607% | +$7.17M |
|
|
CLDT
691
Chatham Lodging
CLDT
$627M
| $9.77M | 0.03% |
546,884
+133,835
| +32% | +$2.46M |
|
692
Ionis Pharmaceuticals
IONS
$8.75B
| $9.77M | 0.03% |
260,133
-554,185
| -68% | -$16.6M |
|
|
693
Duke Energy
DUK
$97.5B
| $9.76M | 0.03% |
146,128
-1,838,720
| -93% | -$125M |
|
|
HBI
694
DELISTED
Hanesbrands
HBI
| $9.75M | 0.03% |
625,996
+140,664
| +29% | +$2.09M |
|
695
Dentsply Sirona
XRAY
$2.72B
| $9.72M | 0.03% |
223,950
+108,320
| +94% | +$4.62M |
|
696
Delta Air Lines
DAL
$57.7B
| $9.72M | 0.03% |
412,071
-232,200
| -36% | -$4.84M |
|
697
Verizon
VZ
$193B
| $9.71M | 0.03% |
208,132
-498,293
| -71% | -$24.3M |
|
698
Molina Healthcare
MOH
$10.1B
| $9.7M | 0.03% |
272,326
-3,631
| -1% | -$134K |
|
|
ALR
699
DELISTED
Alere Inc
ALR
| $9.69M | 0.03% |
316,925
+50,158
| +19% | +$1.53M |
|
700
Newell Brands
NWL
$2.75B
| $9.63M | 0.03% |
350,033
-609,819
| -64% | -$16.2M |
|
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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.