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 | |
|---|---|---|---|---|---|---|
|
VRNG
701
DELISTED
VRINGO, INC COM STK NEW (DE)
VRNG
| $9.61M | 0.03% |
334,711
+167,144
| +100% | +$5.27M |
|
702
Broadcom
AVGO
$1.85T
| $9.6M | 0.03% |
2,228,070
+214,110
| +11% | +$822K |
|
703
CALL
Petrobras
PBR
$123B
| $9.56M | 0.03% |
617,500
| – | – |
|
|
OUTR
704
CALL
DELISTED
OUTERWALL INC
OUTR
| $9.56M | 0.03% |
+191,100
| New | +$11.3M |
|
705
Aptiv
APTV
$12.3B
| $9.54M | 0.03% |
163,353
-35,431
| -18% | -$1.97M |
|
|
SFUN
706
DELISTED
Fang Holdings Limited American Depositary Shares (each representing ten Class A Ordinary Shares)
SFUN
| $9.48M | 0.03% |
18,363
+15,595
| +563% | +$6M |
|
|
AOL
707
DELISTED
AOL INC COMMON STOCK
AOL
| $9.47M | 0.03% |
274,006
+179,050
| +189% | +$6.37M |
|
|
ANSS
708
DELISTED
Ansys
ANSS
| $9.44M | 0.03% |
+109,122
| New | +$9.11M |
|
|
HTWR
709
DELISTED
HEARTWARE INTERNATIONAL INC COM STK (DE)
HTWR
| $9.44M | 0.03% |
128,931
+126,811
| +5,982% | +$10.8M |
|
710
PUT
Micron Technology
MU
$988B
| $9.43M | 0.03% |
+539,800
| New | +$7.83M |
|
711
Acacia Research
ACTG
$426M
| $9.42M | 0.03% |
408,348
-88,015
| -18% | -$2.01M |
|
712
CALL
DaVita
DVA
$15.3B
| $9.38M | 0.03% |
164,900
+124,700
| +310% | +$7.14M |
|
|
PARA
713
CALL
DELISTED
Paramount Global Class B
PARA
| $9.37M | 0.03% |
+169,900
| New | +$9.04M |
|
|
LGF
714
DELISTED
Lions Gate Entertainment
LGF
| $9.37M | 0.03% |
267,392
+107,868
| +68% | +$3.66M |
|
|
SPRD
715
DELISTED
SPREADTRUM COMMUNICATIONS INC ADS (CAYMAN ISLANDS)
SPRD
| $9.36M | 0.03% |
+307,121
| New | +$9.09M |
|
|
FTR
716
DELISTED
Frontier Communications Corp.
FTR
| $9.35M | 0.03% |
149,141
+136,701
| +1,099% | +$8.89M |
|
717
Cogent Communications
CCOI
$663M
| $9.34M | 0.03% |
289,544
+132,887
| +85% | +$4.08M |
|
718
Lincoln National
LNC
$8.8B
| $9.33M | 0.03% |
222,165
-119,431
| -35% | -$5.04M |
|
|
TEN
719
DELISTED
Tenneco Inc. Class A Voting Common Stock
TEN
| $9.32M | 0.03% |
184,652
+98,021
| +113% | +$4.78M |
|
|
ALOG
720
DELISTED
Analogic Corp
ALOG
| $9.32M | 0.03% |
112,841
+24,638
| +28% | +$1.85M |
|
721
Trane Technologies
TT
$97.3B
| $9.31M | 0.03% |
179,521
-807,063
| -82% | -$39.5M |
|
|
WP
722
DELISTED
Worldpay, Inc.
WP
| $9.3M | 0.03% |
332,778
+291,178
| +700% | +$7.94M |
|
723
PUT
Lennar Class A
LEN
$20.2B
| $9.27M | 0.03% |
275,142
+196,350
| +249% | +$6.37M |
|
|
GG
724
CALL
DELISTED
Goldcorp Inc
GG
| $9.24M | 0.03% |
355,200
+155,200
| +78% | +$4.28M |
|
725
Cboe Global Markets
CBOE
$31B
| $9.24M | 0.03% |
204,195
-14,755
| -7% | -$700K |
|
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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.