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 | |
|---|---|---|---|---|---|---|
926
Jack Henry & Associates
JKHY
$11B
| $6.9M | 0.02% |
133,618
+113,513
| +565% | +$5.67M |
|
927
Leggett & Platt
LEG
$1.37B
| $6.9M | 0.02% |
228,729
-39,385
| -15% | -$1.21M |
|
928
PUT
Biogen
BIIB
$30.7B
| $6.86M | 0.02% |
28,500
-104,600
| -79% | -$23.4M |
|
|
OWW
929
DELISTED
ORBITZ WORLDWIDE, INC
OWW
| $6.85M | 0.02% |
711,698
+286,122
| +67% | +$2.82M |
|
|
SGEN
930
DELISTED
Seagen Inc. Common Stock
SGEN
| $6.85M | 0.02% |
156,350
-7,753
| -5% | -$323K |
|
931
Mid-America Apartment Communities
MAA
$15.5B
| $6.85M | 0.02% |
109,603
+77,331
| +240% | +$4.99M |
|
|
DISH
932
CALL
DELISTED
DISH Network Corp.
DISH
| $6.85M | 0.02% |
+152,100
| New | +$6.84M |
|
933
US Bancorp
USB
$98B
| $6.84M | 0.02% |
186,979
-1,762,319
| -90% | -$65.3M |
|
934
Enviri
NVRI
$624M
| $6.81M | 0.02% |
273,579
+196,913
| +257% | +$4.9M |
|
|
SYT
935
DELISTED
Syngenta Ag
SYT
| $6.8M | 0.02% |
83,703
+3,683
| +5% | +$295K |
|
|
SFD
936
PUT
DELISTED
SMITHFIELD FOODS,INC
SFD
| $6.8M | 0.02% |
200,000
+100,000
| +100% | +$3.35M |
|
937
Credit Acceptance
CACC
$5.81B
| $6.8M | 0.02% |
61,344
-30,040
| -33% | -$3.33M |
|
938
SM Energy
SM
$7.58B
| $6.79M | 0.02% |
87,976
-4,337
| -5% | -$300K |
|
|
BRCD
939
DELISTED
Brocade Communications Systems, Inc. NEW
BRCD
| $6.79M | 0.02% |
843,284
+257,117
| +44% | +$1.84M |
|
940
CALL
Netflix
NFLX
$305B
| $6.77M | 0.02% |
+1,533,000
| New | +$5.92M |
|
|
URS
941
DELISTED
URS CORP
URS
| $6.77M | 0.02% |
125,978
+118,778
| +1,650% | +$5.89M |
|
|
MR
942
DELISTED
MINDRAY MED INTL LTD SPONSORED ADR REPSTG CL A
MR
| $6.74M | 0.02% |
173,420
+102,339
| +144% | +$4.12M |
|
|
MFB
943
DELISTED
MAIDENFORM BRANDS, INC
MFB
| $6.74M | 0.02% |
287,031
+260,029
| +963% | +$5.77M |
|
944
Sensata Technologies
ST
$6.98B
| $6.74M | 0.02% |
176,122
-304,481
| -63% | -$11.4M |
|
|
NBIS
945
Nebius Group N.V.
NBIS
$47.8B
| $6.73M | 0.02% |
+184,717
| New | +$6.07M |
|
|
NUAN
946
DELISTED
Nuance Communications, Inc.
NUAN
| $6.72M | 0.02% |
415,415
-185,164
| -31% | -$3.06M |
|
|
947
CALL
Duke Energy
DUK
$98.4B
| $6.71M | 0.02% |
100,500
+500
| +0.5% | +$34.1K |
|
948
CALL
Rockwell Automation
ROK
$52.4B
| $6.71M | 0.02% |
+62,700
| New | +$6.12M |
|
949
Bank of America
BAC
$433B
| $6.69M | 0.02% |
485,022
-1,961,926
| -80% | -$28M |
|
950
Royal Gold
RGLD
$17.2B
| $6.68M | 0.02% |
137,338
+42,951
| +46% | +$2.23M |
|
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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.