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 | |
|---|---|---|---|---|---|---|
|
HMSY
1026
DELISTED
HMS Holdings Corp.
HMSY
| $5.78M | 0.02% |
269,164
+162,330
| +152% | +$3.97M |
|
|
JWN
1027
CALL
DELISTED
Nordstrom
JWN
| $5.78M | 0.02% |
102,900
+2,900
| +3% | +$171K |
|
|
HIMX
1028
Himax Technologies
HIMX
$2.19B
| $5.78M | 0.02% |
577,749
-462,141
| -44% | -$3.29M |
|
1029
Corning
GLW
$116B
| $5.76M | 0.02% |
395,034
-1,110,820
| -74% | -$16.4M |
|
1030
CNA Financial
CNA
$14.4B
| $5.74M | 0.02% |
150,413
-430,730
| -74% | -$15.3M |
|
|
NBL
1031
DELISTED
Noble Energy, Inc.
NBL
| $5.74M | 0.02% |
85,638
+5,084
| +6% | +$326K |
|
|
LM
1032
DELISTED
Legg Mason, Inc.
LM
| $5.73M | 0.02% |
171,341
-10,055
| -6% | -$337K |
|
|
VXX
1033
DELISTED
iPath S&P 500 VIX Short-Term Futures ETN due 1/30/2019
VXX
| $5.73M | 0.02% |
6,089
+4,205
| +223% | +$4.21M |
|
|
XLS
1034
DELISTED
EXELIS INC COM STK
XLS
| $5.71M | 0.02% |
388,947
-427,801
| -52% | -$5.99M |
|
|
INN
1035
Summit Hotel Properties
INN
$748M
| $5.7M | 0.02% |
619,780
+343,561
| +124% | +$3.32M |
|
|
SEE
1036
CALL
DELISTED
Sealed Air
SEE
| $5.7M | 0.02% |
209,500
+68,600
| +49% | +$1.94M |
|
|
VVC
1037
DELISTED
Vectren Corporation
VVC
| $5.68M | 0.02% |
170,320
-103,796
| -38% | -$3.57M |
|
|
PAY
1038
DELISTED
Verifone Systems Inc
PAY
| $5.66M | 0.02% |
247,438
+204,952
| +482% | +$4.09M |
|
1039
Air Products & Chemicals
APD
$66.8B
| $5.64M | 0.02% |
+57,186
| New | +$5.43M |
|
|
HMA
1040
DELISTED
HEALTH MGMT ASSOC INC CL-A
HMA
| $5.64M | 0.02% |
440,485
+280,485
| +175% | +$3.9M |
|
1041
PUT
Deere & Co
DE
$162B
| $5.63M | 0.02% |
69,200
+9,000
| +15% | +$749K |
|
1042
Unisys
UIS
$230M
| $5.63M | 0.02% |
223,592
+173,592
| +347% | +$4.36M |
|
|
CNW
1043
DELISTED
CON-WAY INC.
CNW
| $5.63M | 0.02% |
+130,638
| New | +$5.53M |
|
1044
CALL
Cirrus Logic
CRUS
$6.65B
| $5.62M | 0.02% |
+248,100
| New | +$5.12M |
|
1045
PUT
Oracle
ORCL
$367B
| $5.62M | 0.02% |
+169,500
| New | +$5.5M |
|
|
TWX
1046
DELISTED
Time Warner Inc
TWX
| $5.61M | 0.02% |
88,968
-1,271,944
| -93% | -$76.1M |
|
1047
PUT
Boeing
BA
$175B
| $5.61M | 0.02% |
+47,700
| New | +$5.14M |
|
1048
Carter's
CRI
$1.39B
| $5.61M | 0.02% |
73,862
+43,531
| +144% | +$3.18M |
|
1049
Woodward
WWD
$21.2B
| $5.6M | 0.02% |
137,056
+99,159
| +262% | +$4.07M |
|
|
NILE
1050
DELISTED
Blue Nile, Inc.
NILE
| $5.6M | 0.02% |
136,723
+96,518
| +240% | +$3.72M |
|
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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.