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 | |
|---|---|---|---|---|---|---|
1376
Cintas
CTAS
$86.6B
| $3.25M | 0.01% |
253,992
-470,956
| -65% | -$5.71M |
|
1377
Factset
FDS
$10B
| $3.25M | 0.01% |
29,786
+23,358
| +363% | +$2.52M |
|
|
GMCR
1378
CALL
DELISTED
KEURIG GREEN MTN INC
GMCR
| $3.25M | 0.01% |
+43,100
| New | +$3.4M |
|
1379
Forum Energy Technologies
FET
$578M
| $3.25M | 0.01% |
6,006
+4,527
| +306% | +$2.53M |
|
1380
Banco Santander
SAN
$191B
| $3.25M | 0.01% |
437,352
+112,012
| +34% | +$744K |
|
1381
Cinemark Holdings
CNK
$4.07B
| $3.24M | 0.01% |
102,134
-32,568
| -24% | -$980K |
|
|
ACOR
1382
DELISTED
Acorda Therapeutics
ACOR
| $3.24M | 0.01% |
790
-277
| -26% | -$1.19M |
|
1383
CALL
Exelon
EXC
$48.1B
| $3.23M | 0.01% |
152,958
-281,662
| -65% | -$6.16M |
|
|
SHLD
1384
PUT
DELISTED
Sears Holding Corporation
SHLD
| $3.22M | 0.01% |
+71,811
| New | +$2.55M |
|
|
IDIX
1385
DELISTED
IDENIX PHARMACEUTICALS INC
IDIX
| $3.22M | 0.01% |
621,043
+109,212
| +21% | +$479K |
|
|
KRFT
1386
DELISTED
KRAFT FOODS GROUP INC COM STK (VA)
KRFT
| $3.21M | 0.01% |
+61,161
| New | +$3.35M |
|
|
MFRM
1387
DELISTED
MATTRESS FIRM HLDG CORP COM STK (DE)
MFRM
| $3.21M | 0.01% |
+100,868
| New | +$4.01M |
|
|
TW
1388
DELISTED
TOWERS WATSON & CO COM STK CL A (DE)
TW
| $3.21M | 0.01% |
30,000
+26,100
| +669% | +$2.3M |
|
1389
New Jersey Resources
NJR
$6B
| $3.21M | 0.01% |
145,588
-86,156
| -37% | -$1.89M |
|
1390
PUT
RH
RH
$3.33B
| $3.21M | 0.01% |
+50,600
| New | +$3.49M |
|
1391
Genpact
G
$6.22B
| $3.2M | 0.01% |
169,724
+150,694
| +792% | +$3M |
|
|
MRC
1392
CALL
DELISTED
MRC Global
MRC
| $3.19M | 0.01% |
+119,200
| New | +$3.17M |
|
|
RVBD
1393
DELISTED
RIVERBED TECHNOLOGY, INC COM
RVBD
| $3.19M | 0.01% |
218,829
+204,488
| +1,426% | +$3.27M |
|
1394
CALL
Ciena
CIEN
$46.8B
| $3.19M | 0.01% |
+127,500
| New | +$2.87M |
|
|
MKTO
1395
DELISTED
MARKETO INC COM STK (DE)
MKTO
| $3.19M | 0.01% |
+100,017
| New | +$3.17M |
|
1396
Sprouts Farmers Market
SFM
$7.44B
| $3.19M | 0.01% |
+71,748
| New | +$2.85M |
|
1397
Fortinet
FTNT
$112B
| $3.18M | 0.01% |
785,765
-899,830
| -53% | -$3.64M |
|
|
AUY
1398
CALL
DELISTED
Yamana Gold, Inc.
AUY
| $3.18M | 0.01% |
+305,900
| New | +$3.22M |
|
1399
Wolverine World Wide
WWW
$1.68B
| $3.17M | 0.01% |
+109,018
| New | +$3.11M |
|
|
DCT
1400
DELISTED
DCT Industrial Trust Inc.
DCT
| $3.17M | 0.01% |
110,352
+91,136
| +474% | +$2.65M |
|
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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.