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 | |
|---|---|---|---|---|---|---|
|
CQB
1126
DELISTED
CHIQUITA BRANDS INTL (NEW)
CQB
| $4.93M | 0.02% |
389,168
+260,637
| +203% | +$3.26M |
|
1127
PUT
Toll Brothers
TOL
$14B
| $4.93M | 0.02% |
151,900
+101,900
| +204% | +$3.3M |
|
1128
Kinross Gold
KGC
$27.7B
| $4.91M | 0.02% |
972,546
+619,546
| +176% | +$3.28M |
|
|
SNI
1129
DELISTED
Scripps Networks Interactive, Inc Common Class A
SNI
| $4.9M | 0.02% |
62,688
-247,997
| -80% | -$18.3M |
|
1130
Gerdau
GGB
$9.54B
| $4.89M | 0.02% |
826,638
-237,647
| -22% | -$1.28M |
|
1131
Qualcomm
QCOM
$164B
| $4.89M | 0.02% |
72,700
-2,950
| -4% | -$193K |
|
1132
Regal Rexnord
RRX
$12.5B
| $4.89M | 0.02% |
71,962
-10,196
| -12% | -$677K |
|
|
ARMH
1133
DELISTED
ARM HOLDINGS PLC ADS
ARMH
| $4.88M | 0.02% |
101,375
-393,601
| -80% | -$16.6M |
|
|
BGG
1134
DELISTED
Briggs & Stratton Corp.
BGG
| $4.86M | 0.02% |
241,394
+99,794
| +70% | +$2.01M |
|
|
PLKI
1135
DELISTED
Popeyes Louisiana Kitchen, Inc.
PLKI
| $4.85M | 0.02% |
111,323
+53,773
| +93% | +$2.14M |
|
1136
PUT
Crocs
CROX
$6.63B
| $4.85M | 0.02% |
356,700
+344,900
| +2,923% | +$5M |
|
|
HNGR
1137
DELISTED
Hanger Inc.
HNGR
| $4.84M | 0.02% |
143,384
+101,221
| +240% | +$3.37M |
|
1138
Kulicke & Soffa
KLIC
$4.34B
| $4.84M | 0.02% |
418,887
+171,442
| +69% | +$1.95M |
|
1139
WisdomTree
WT
$2.79B
| $4.84M | 0.02% |
416,988
-758,930
| -65% | -$9.17M |
|
1140
Reliance Steel & Aluminium
RS
$20.6B
| $4.83M | 0.02% |
65,961
-1,405
| -2% | -$98K |
|
1141
Host Hotels & Resorts
HST
$17.5B
| $4.83M | 0.02% |
273,217
-456,098
| -63% | -$8.09M |
|
1142
Ball Corp
BALL
$17.5B
| $4.83M | 0.02% |
215,116
-1,351,184
| -86% | -$30.3M |
|
1143
CALL
eBay
EBAY
$51.2B
| $4.83M | 0.02% |
205,524
-102,406
| -33% | -$2.3M |
|
1144
MDU Resources
MDU
$4.18B
| $4.82M | 0.02% |
+453,334
| New | +$4.78M |
|
|
SWY
1145
CALL
DELISTED
SAFEWAY INC
SWY
| $4.8M | 0.02% |
+167,773
| New | +$4M |
|
1146
Copa Holdings
CPA
$5.56B
| $4.8M | 0.02% |
+34,628
| New | +$4.75M |
|
|
SWY
1147
PUT
DELISTED
SAFEWAY INC
SWY
| $4.8M | 0.02% |
+167,550
| New | +$3.99M |
|
|
GOLD
1148
DELISTED
Randgold Resources Ltd
GOLD
| $4.78M | 0.02% |
67,798
+20,374
| +43% | +$1.46M |
|
|
PLCM
1149
DELISTED
POLYCOM INC
PLCM
| $4.77M | 0.02% |
436,776
+51,244
| +13% | +$534K |
|
1150
CALL
Eli Lilly
LLY
$1.08T
| $4.77M | 0.02% |
94,700
+34,500
| +57% | +$1.81M |
|
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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.