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 | |
|---|---|---|---|---|---|---|
|
HCBK
1651
DELISTED
HUDSON CITY BANCORP INC
HCBK
| $2.09M | 0.01% |
231,422
-133,446
| -37% | -$1.26M |
|
|
SRGA
1652
DELISTED
Surgalign Holdings, Inc. Common Stock
SRGA
| $2.08M | 0.01% |
18,567
+2,504
| +16% | +$284K |
|
1653
Winnebago Industries
WGO
$900M
| $2.08M | 0.01% |
80,056
+58,298
| +268% | +$1.38M |
|
1654
Talphera
TLPH
$68M
| $2.08M | 0.01% |
9,625
+8,492
| +750% | +$1.85M |
|
1655
PUT
Xerox
XRX
$345M
| $2.06M | 0.01% |
76,090
-75,710
| -50% | -$1.99M |
|
1656
Fabrinet
FN
$14.9B
| $2.06M | 0.01% |
122,140
+76,902
| +170% | +$1.13M |
|
|
MAKO
1657
DELISTED
MAKO SURGICAL CORP COM
MAKO
| $2.06M | 0.01% |
69,700
-71,845
| -51% | -$1.09M |
|
1658
Ribbon Communications
RBBN
$386M
| $2.06M | 0.01% |
121,993
+9,764
| +9% | +$166K |
|
1659
CALL
Vera Bradley
VRA
$98.7M
| $2.05M | 0.01% |
+100,000
| New | +$2.14M |
|
|
1660
PUT
Vera Bradley
VRA
$98.7M
| $2.05M | 0.01% |
+100,000
| New | +$2.14M |
|
|
WRI
1661
DELISTED
Weingarten Realty Investors
WRI
| $2.05M | 0.01% |
70,038
-13,852
| -17% | -$421K |
|
|
CA
1662
DELISTED
CA, Inc.
CA
| $2.05M | 0.01% |
69,237
-13,778
| -17% | -$413K |
|
1663
PetMed Express
PETS
$42.3M
| $2.05M | 0.01% |
+125,694
| New | +$1.96M |
|
1664
CALL
Berkshire Hathaway Class B
BRK.B
$1.1T
| $2.04M | 0.01% |
+18,000
| New | +$2.08M |
|
1665
Hilltop Holdings
HTH
$2.26B
| $2.04M | 0.01% |
110,128
+28,344
| +35% | +$477K |
|
1666
Alexandria Real Estate Equities
ARE
$9.37B
| $2.04M | 0.01% |
31,887
-56,988
| -64% | -$3.76M |
|
1667
CoStar Group
CSGP
$12.2B
| $2.04M | 0.01% |
121,230
+105,230
| +658% | +$1.61M |
|
|
AKS
1668
CALL
DELISTED
AK Steel Holding Corp
AKS
| $2.03M | 0.01% |
+541,400
| New | +$1.93M |
|
|
BKS
1669
CALL
DELISTED
Barnes & Noble
BKS
| $2.02M | 0.01% |
238,056
+146,191
| +159% | +$1.52M |
|
1670
3D Systems Corp
DDD
$405M
| $2.02M | 0.01% |
37,373
-4,581
| -11% | -$227K |
|
|
AFFX
1671
DELISTED
Affymetrix Inc
AFFX
| $2.01M | 0.01% |
+325,153
| New | +$1.68M |
|
|
PRXL
1672
DELISTED
Parexel International Corp
PRXL
| $2M | 0.01% |
39,801
-7,116
| -15% | -$348K |
|
1673
Cooper Companies
COO
$14.2B
| $2M | 0.01% |
61,588
-189,500
| -75% | -$6.11M |
|
|
SE
1674
CALL
DELISTED
Spectra Energy Corp Wi
SE
| $2M | 0.01% |
58,300
-26,700
| -31% | -$923K |
|
1675
Unifirst Corp
UNF
$5.45B
| $1.99M | 0.01% |
19,008
+9,394
| +98% | +$928K |
|
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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.