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 | |
|---|---|---|---|---|---|---|
|
ENIA
1501
DELISTED
Enel Amricas S.A. American Depositary Shares (Each representing 50 shares of Common Stock)
ENIA
| $2.67M | 0.01% |
308,478
+281,595
| +1,047% | +$2.4M |
|
|
ODP
1502
DELISTED
ODP
ODP
| $2.66M | 0.01% |
55,000
-80,267
| -59% | -$3.46M |
|
1503
Travel + Leisure Co
TNL
$4.76B
| $2.65M | 0.01% |
96,271
-129,750
| -57% | -$3.55M |
|
|
WY.PRA
1504
DELISTED
WEYERHAEUSER COMP PREF CONV SER A (WA)
WY.PRA
| $2.65M | 0.01% |
+50,000
| New | +$2.63M |
|
1505
America Movil
AMX
$74.6B
| $2.65M | 0.01% |
133,673
+9,899
| +8% | +$204K |
|
|
BTU
1506
DELISTED
PEABODY ENERGY CORP COM STK NEW (DE)
BTU
| $2.65M | 0.01% |
10,233
-20,610
| -67% | -$5.27M |
|
|
CMCSK
1507
DELISTED
COMCAST CORP SPL A (NEW)
CMCSK
| $2.64M | 0.01% |
60,849
-308,168
| -84% | -$13.4M |
|
1508
ServiceNow
NOW
$120B
| $2.63M | 0.01% |
253,235
-1,581,450
| -86% | -$14.5M |
|
|
JCP
1509
DELISTED
J.C. Penney Company, Inc.
JCP
| $2.63M | 0.01% |
298,136
-8,332
| -3% | -$119K |
|
1510
Televisa
TV
$1.49B
| $2.63M | 0.01% |
+94,045
| New | +$2.52M |
|
|
GHL
1511
DELISTED
Greenhill & Co., Inc.
GHL
| $2.63M | 0.01% |
+52,664
| New | +$2.6M |
|
1512
Emergent Biosolutions
EBS
$379M
| $2.62M | 0.01% |
137,692
-231,533
| -63% | -$4.13M |
|
1513
PUT
Bank of America
BAC
$429B
| $2.62M | 0.01% |
+189,800
| New | +$2.71M |
|
1514
RPM International
RPM
$13.8B
| $2.61M | 0.01% |
72,006
+29
| +0% | +$1.01K |
|
|
THR
1515
DELISTED
Thermon Group Holdings
THR
| $2.6M | 0.01% |
112,561
-15,352
| -12% | -$325K |
|
1516
Philips
PHG
$25.5B
| $2.6M | 0.01% |
+116,269
| New | +$2.54M |
|
1517
RLJ Lodging Trust
RLJ
$1.88B
| $2.59M | 0.01% |
110,214
+1,858
| +2% | +$43.9K |
|
|
OPTR
1518
DELISTED
OPTIMER PHARMACEUTICALS, INC. COM STK
OPTR
| $2.59M | 0.01% |
205,549
-47,974
| -19% | -$636K |
|
|
POLY
1519
DELISTED
Plantronics, Inc.
POLY
| $2.59M | 0.01% |
56,173
+213
| +0.4% | +$9.75K |
|
|
KNGT
1520
DELISTED
KNIGHT TRANSPORTATION INC
KNGT
| $2.59M | 0.01% |
156,619
+2,727
| +2% | +$45K |
|
|
ECOM
1521
DELISTED
CHANNELADVISOR CORPORATION
ECOM
| $2.58M | 0.01% |
+70,534
| New | +$1.86M |
|
|
AMRN
1522
Amarin Corp
AMRN
$297M
| $2.57M | 0.01% |
20,310
+825
| +4% | +$98.8K |
|
1523
CALL
Integer Holdings
ITGR
$3.39B
| $2.57M | 0.01% |
82,714
+16,675
| +25% | +$540K |
|
|
EMC
1524
CALL
DELISTED
EMC CORPORATION
EMC
| $2.56M | 0.01% |
+100,300
| New | +$2.6M |
|
1525
AngloGold Ashanti
AU
$39.4B
| $2.55M | 0.01% |
192,286
+133,950
| +230% | +$1.79M |
|
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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.