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 | |
|---|---|---|---|---|---|---|
1676
CALL
Community Health Systems
CYH
$382M
| $1.98M | 0.01% |
+57,838
| New | +$2.05M |
|
1677
Huntington Ingalls Industries
HII
$11B
| $1.98M | 0.01% |
+29,407
| New | +$1.88M |
|
1678
PUT
Cirrus Logic
CRUS
$6.76B
| $1.98M | 0.01% |
+87,400
| New | +$1.8M |
|
|
GEVA
1679
CALL
DELISTED
SYNAGEVA BIOPHARMA CORP COM STK (DE)
GEVA
| $1.98M | 0.01% |
+31,200
| New | +$1.54M |
|
|
BCR
1680
DELISTED
CR Bard Inc.
BCR
| $1.98M | 0.01% |
17,158
+16,858
| +5,619% | +$1.93M |
|
|
VPHM
1681
DELISTED
VIROPHARMA INC
VPHM
| $1.98M | 0.01% |
50,301
-119,363
| -70% | -$3.9M |
|
|
TWX
1682
PUT
DELISTED
Time Warner Inc
TWX
| $1.97M | 0.01% |
+31,290
| New | +$1.87M |
|
|
AHT
1683
Ashford Hospitality Trust
AHT
$20.8M
| $1.97M | 0.01% |
255
-97
| -28% | -$722K |
|
1684
PUT
Costco
COST
$432B
| $1.97M | 0.01% |
17,100
+2,100
| +14% | +$242K |
|
|
FIO
1685
CALL
DELISTED
FUSION-IO INC COM
FIO
| $1.97M | 0.01% |
146,800
+6,800
| +5% | +$89.7K |
|
|
DVAX
1686
DELISTED
Dynavax Technologies
DVAX
| $1.97M | 0.01% |
165,102
+26,623
| +19% | +$335K |
|
1687
Coca-Cola
KO
$383B
| $1.97M | 0.01% |
51,875
-21,645
| -29% | -$856K |
|
1688
Baytex Energy
BTE
$2.96B
| $1.96M | 0.01% |
47,509
-554
| -1% | -$22.3K |
|
|
IRF
1689
DELISTED
INTL RECTIFIER CORP
IRF
| $1.96M | 0.01% |
79,167
+18,767
| +31% | +$454K |
|
1690
Novavax
NVAX
$1.21B
| $1.95M | 0.01% |
+31,009
| New | +$1.75M |
|
|
AJRD
1691
DELISTED
Aerojet Rocketdyne Holdings
AJRD
| $1.95M | 0.01% |
121,916
-88,197
| -42% | -$1.45M |
|
|
VG
1692
DELISTED
Vonage Holdings Corporation
VG
| $1.95M | 0.01% |
622,401
+308,562
| +98% | +$969K |
|
|
SAEX
1693
DELISTED
SAExploration Holdings, Inc.
SAEX
| $1.95M | 0.01% |
+76
| New | +$2.03M |
|
1694
New York Times
NYT
$12.6B
| $1.95M | 0.01% |
154,906
+97,675
| +171% | +$1.16M |
|
|
ACH
1695
Accendra Health
ACH
$254M
| $1.95M | 0.01% |
56,221
+15,300
| +37% | +$535K |
|
1696
Immersion
IMMR
$243M
| $1.94M | 0.01% |
146,893
+60,270
| +70% | +$827K |
|
|
BGC
1697
DELISTED
General Cable Corporation
BGC
| $1.93M | 0.01% |
60,757
-130,816
| -68% | -$4.1M |
|
1698
PUT
Alphabet (Google) Class C
GOOG
$4.11T
| $1.93M | 0.01% |
88,330
+8,030
| +10% | +$177K |
|
1699
Lockheed Martin
LMT
$131B
| $1.93M | 0.01% |
15,110
-70,908
| -82% | -$8.61M |
|
|
HR
1700
DELISTED
Healthcare Realty Trust Incorporated
HR
| $1.93M | 0.01% |
83,387
+27,579
| +49% | +$671K |
|
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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.