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 | |
|---|---|---|---|---|---|---|
1301
CALL
Constellation Brands
STZ
$22.5B
| $3.62M | 0.01% |
+63,100
| New | +$3.43M |
|
|
BKS
1302
PUT
DELISTED
Barnes & Noble
BKS
| $3.62M | 0.01% |
+427,127
| New | +$4.45M |
|
1303
WisdomTree Japan Hedged Equity Fund
DXJ
$7.07B
| $3.61M | 0.01% |
75,246
+65,037
| +637% | +$3.05M |
|
1304
Mondelez International
MDLZ
$82.9B
| $3.6M | 0.01% |
114,494
-1,603,042
| -93% | -$49.7M |
|
|
CYOU
1305
DELISTED
Changyou.com Limited American Depositary Share
CYOU
| $3.58M | 0.01% |
100,750
-45,076
| -31% | -$1.45M |
|
|
GG
1306
PUT
DELISTED
Goldcorp Inc
GG
| $3.58M | 0.01% |
137,500
-62,500
| -31% | -$1.72M |
|
1307
Biogen
BIIB
$30.9B
| $3.57M | 0.01% |
14,838
-20,853
| -58% | -$4.67M |
|
|
GLBR
1308
DELISTED
Global Brokerage, Inc. Class A Common Stock
GLBR
| $3.56M | 0.01% |
18,043
+669
| +4% | +$120K |
|
1309
Dick's Sporting Goods
DKS
$18.4B
| $3.55M | 0.01% |
66,500
-18,721
| -22% | -$944K |
|
|
BRY
1310
DELISTED
BERRY PETROLEUM CO CL A
BRY
| $3.55M | 0.01% |
82,308
-212,159
| -72% | -$8.84M |
|
|
N
1311
DELISTED
Netsuite Inc
N
| $3.55M | 0.01% |
32,870
+28,728
| +694% | +$2.84M |
|
|
VVUS
1312
DELISTED
Vivus Inc
VVUS
| $3.55M | 0.01% |
+38,126
| New | +$4.76M |
|
|
DFS
1313
CALL
DELISTED
Discover Financial Services
DFS
| $3.54M | 0.01% |
70,000
| – | – |
|
|
CTXS
1314
PUT
DELISTED
Citrix Systems Inc
CTXS
| $3.53M | 0.01% |
+62,790
| New | +$3.51M |
|
1315
Western Union
WU
$2.53B
| $3.53M | 0.01% |
+189,076
| New | +$3.4M |
|
1316
BJ's Restaurants
BJRI
$1.47B
| $3.52M | 0.01% |
122,621
-206,371
| -63% | -$6.98M |
|
1317
RPC Inc
RES
$1.13B
| $3.5M | 0.01% |
226,330
+46,954
| +26% | +$688K |
|
|
TMS
1318
DELISTED
TMS INTERNATIONAL CORP CLASS A COM STK
TMS
| $3.49M | 0.01% |
+200,000
| New | +$3.29M |
|
|
BBT
1319
Beacon Financial Corp
BBT
$2.5B
| $3.48M | 0.01% |
+138,549
| New | +$3.63M |
|
1320
Cameco
CCJ
$36.8B
| $3.48M | 0.01% |
192,526
+176,776
| +1,122% | +$3.55M |
|
|
AWAY
1321
DELISTED
HOMEAWAY INC COM
AWAY
| $3.48M | 0.01% |
124,344
+103,472
| +496% | +$3.21M |
|
1322
Louisiana-Pacific
LPX
$5.14B
| $3.47M | 0.01% |
197,509
-741,506
| -79% | -$12.3M |
|
|
LORL
1323
DELISTED
Loral Space and Communications, Inc.
LORL
| $3.47M | 0.01% |
+51,269
| New | +$3.32M |
|
1324
PUT
Terex
TEX
$7.37B
| $3.46M | 0.01% |
103,000
+500
| +0.5% | +$15.2K |
|
|
TWO
1325
Two Harbors Investment
TWO
$1.27B
| $3.46M | 0.01% |
44,487
+4,606
| +12% | +$362K |
|
Similar funds
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.