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 | |
|---|---|---|---|---|---|---|
826
Stride
LRN
$3.53B
| $7.97M | 0.03% |
258,169
+154,808
| +150% | +$4.96M |
|
827
Accuray
ARAY
$33.9M
| $7.97M | 0.03% |
1,079,973
-418,129
| -28% | -$2.64M |
|
828
Jack in the Box
JACK
$312M
| $7.96M | 0.03% |
199,135
+180,658
| +978% | +$7.28M |
|
829
iShares MSCI EAFE ETF
EFA
$78.5B
| $7.96M | 0.03% |
124,800
-24,959
| -17% | -$1.53M |
|
830
Designer Brands
DBI
$314M
| $7.93M | 0.03% |
185,902
-579,012
| -76% | -$23.4M |
|
|
PTR
831
DELISTED
PETROCHINA COMPANY LIMITED ADS (REP 100 H SHARES)
PTR
| $7.93M | 0.03% |
+72,131
| New | +$8.26M |
|
|
CHK
832
PUT
DELISTED
Chesapeake Energy Corporation
CHK
| $7.92M | 0.03% |
1,618
| – | – |
|
833
MSC Industrial Direct
MSM
$6.78B
| $7.91M | 0.03% |
97,191
+33,332
| +52% | +$2.66M |
|
834
CALL
Ericsson
ERIC
$32.1B
| $7.9M | 0.03% |
+591,700
| New | +$7.34M |
|
835
CALL
AstraZeneca
AZN
$266B
| $7.88M | 0.03% |
+151,800
| New | +$7.62M |
|
|
RBS.PRS.CL
836
DELISTED
The Royal Bank Of Scotland Group
RBS.PRS.CL
| $7.86M | 0.03% |
+366,955
| New | +$7.7M |
|
|
ATW
837
DELISTED
Atwood Oceanics
ATW
| $7.86M | 0.03% |
142,727
+45,122
| +46% | +$2.54M |
|
838
Matsons
MATX
$6.16B
| $7.85M | 0.03% |
299,344
+121,526
| +68% | +$3.36M |
|
839
American Eagle Outfitters
AEO
$2.9B
| $7.83M | 0.03% |
560,008
-210,006
| -27% | -$3.52M |
|
840
CALL
Johnson Controls International
JCI
$87.8B
| $7.83M | 0.03% |
+180,304
| New | +$7.64M |
|
|
FBC
841
DELISTED
Flagstar Bancorp, Inc. New
FBC
| $7.83M | 0.03% |
+530,177
| New | +$8.03M |
|
842
Raymond James Financial
RJF
$33.6B
| $7.78M | 0.03% |
280,209
+192,214
| +218% | +$5.55M |
|
843
DTE Energy
DTE
$29.5B
| $7.78M | 0.03% |
138,510
-85,413
| -38% | -$4.95M |
|
|
APOL
844
DELISTED
Apollo Education Group Inc Class A
APOL
| $7.77M | 0.03% |
373,562
-275,296
| -42% | -$5.32M |
|
845
CALL
Perrigo
PRGO
$1.43B
| $7.77M | 0.03% |
+63,000
| New | +$7.86M |
|
|
AHL
846
DELISTED
ASPEN Insurance Holding Limited
AHL
| $7.77M | 0.03% |
214,102
+30,621
| +17% | +$1.13M |
|
847
Steris
STE
$22.5B
| $7.77M | 0.03% |
180,803
+25,422
| +16% | +$1.1M |
|
848
FerroAtlántica
GSM
$600M
| $7.76M | 0.03% |
503,437
+23,146
| +5% | +$296K |
|
849
Enbridge
ENB
$121B
| $7.75M | 0.03% |
185,687
+115,040
| +163% | +$4.9M |
|
850
Microchip Technology
MCHP
$40.7B
| $7.75M | 0.02% |
384,576
+201,332
| +110% | +$3.99M |
|
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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.