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 | |
|---|---|---|---|---|---|---|
1626
Enpro
NPO
$6.26B
| $2.19M | 0.01% |
36,452
-6,425
| -15% | -$372K |
|
|
FEIC
1627
DELISTED
FEI COMPANY
FEIC
| $2.19M | 0.01% |
+25,000
| New | +$1.99M |
|
1628
PUT
Berkshire Hathaway Class B
BRK.B
$1.1T
| $2.19M | 0.01% |
+19,300
| New | +$2.23M |
|
|
GES
1629
DELISTED
Guess Inc
GES
| $2.19M | 0.01% |
+73,385
| New | +$2.29M |
|
1630
Sonic Automotive
SAH
$3.56B
| $2.18M | 0.01% |
91,740
-16,311
| -15% | -$375K |
|
1631
SK Telecom
SKM
$11.4B
| $2.17M | 0.01% |
+58,137
| New | +$2.07M |
|
1632
Arrow Electronics
ARW
$10.5B
| $2.17M | 0.01% |
+44,719
| New | +$2.05M |
|
|
FLTX
1633
DELISTED
Fleetmatics Group PLC
FLTX
| $2.17M | 0.01% |
+57,735
| New | +$2.32M |
|
1634
PUT
Teva Pharmaceuticals
TEVA
$40.4B
| $2.17M | 0.01% |
57,300
-15,300
| -21% | -$597K |
|
|
GTIV
1635
DELISTED
GENTIVA HEALTH SERVICES INC
GTIV
| $2.16M | 0.01% |
179,524
+139,624
| +350% | +$1.58M |
|
1636
CALL
Dollar General
DG
$28.4B
| $2.16M | 0.01% |
38,200
-72,700
| -66% | -$4M |
|
1637
CALL
Nike
NKE
$64.1B
| $2.16M | 0.01% |
59,400
+3,000
| +5% | +$98K |
|
1638
Diodes
DIOD
$3.5B
| $2.14M | 0.01% |
+87,515
| New | +$2.27M |
|
1639
Northwest Bancshares
NWBI
$2.33B
| $2.14M | 0.01% |
162,299
+110,871
| +216% | +$1.53M |
|
1640
Horace Mann Educators
HMN
$2.11B
| $2.14M | 0.01% |
75,493
+22,998
| +44% | +$629K |
|
1641
CALL
Masco
MAS
$14.6B
| $2.14M | 0.01% |
+114,255
| New | +$2.03M |
|
|
AH
1642
DELISTED
Accretive Health
AH
| $2.14M | 0.01% |
234,214
+157,588
| +206% | +$1.57M |
|
1643
Toll Brothers
TOL
$14B
| $2.13M | 0.01% |
65,595
-67,307
| -51% | -$2.18M |
|
|
ASTX
1644
PUT
DELISTED
ASTEX PHARMACEUTICALS, INC COM
ASTX
| $2.12M | 0.01% |
+250,000
| New | +$1.58M |
|
1645
SFL Corp
SFL
$1.61B
| $2.12M | 0.01% |
+138,722
| New | +$2.17M |
|
|
ARRS
1646
DELISTED
ARRIS International plc Ordinary Shares
ARRS
| $2.12M | 0.01% |
124,157
-289,552
| -70% | -$4.6M |
|
|
CJES
1647
DELISTED
C&J ENERGY SVCS LTD
CJES
| $2.12M | 0.01% |
+105,382
| New | +$2.17M |
|
|
ARG
1648
DELISTED
Airgas Inc
ARG
| $2.11M | 0.01% |
19,928
-162,141
| -89% | -$16.7M |
|
1649
Darling Ingredients
DAR
$9.32B
| $2.11M | 0.01% |
99,754
-56,229
| -36% | -$1.15M |
|
1650
Calix
CALX
$2.24B
| $2.1M | 0.01% |
164,823
-303,066
| -65% | -$3.71M |
|
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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.