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 | |
|---|---|---|---|---|---|---|
1876
CALL
Dominion Energy
D
$62.1B
| $1.44M | ﹤0.01% |
23,000
-210,500
| -90% | -$12.5M |
|
1877
PG&E
PCG
$39.2B
| $1.44M | ﹤0.01% |
35,091
-266,668
| -88% | -$11.6M |
|
|
SYA
1878
DELISTED
SYMETRA FINANCIAL CORPORATION COMMON STOCK
SYA
| $1.44M | ﹤0.01% |
80,550
+66,069
| +456% | +$1.18M |
|
1879
PUT
Scholastic
SCHL
$766M
| $1.43M | ﹤0.01% |
+50,000
| New | +$1.52M |
|
|
GRA
1880
DELISTED
W.R. Grace & Co.
GRA
| $1.43M | ﹤0.01% |
16,409
-78,739
| -83% | -$6.53M |
|
1881
Universal Display
OLED
$3.85B
| $1.43M | ﹤0.01% |
+44,721
| New | +$1.43M |
|
|
ABMD
1882
PUT
DELISTED
Abiomed Inc
ABMD
| $1.43M | ﹤0.01% |
+75,000
| New | +$1.71M |
|
1883
State Street Energy Select Sector SPDR ETF
XLE
$38.3B
| $1.43M | ﹤0.01% |
34,474
-28,348
| -45% | -$1.17M |
|
1884
Mine Safety
MSA
$6.94B
| $1.43M | ﹤0.01% |
27,644
-3,609
| -12% | -$184K |
|
|
INFI
1885
CALL
DELISTED
Infinity Pharmaceuticals, Inc.
INFI
| $1.43M | ﹤0.01% |
+81,800
| New | +$1.57M |
|
|
CTLP
1886
DELISTED
Cantaloupe
CTLP
| $1.43M | ﹤0.01% |
885,000
+500
| +0.1% | +$976 |
|
|
CLNY
1887
DELISTED
Colony Capital, Inc.
CLNY
| $1.42M | ﹤0.01% |
71,060
-27,702
| -28% | -$560K |
|
1888
Strategy Inc
MSTR
$35.1B
| $1.42M | ﹤0.01% |
136,730
-419,880
| -75% | -$4.09M |
|
|
ANR
1889
DELISTED
Alpha Natural Resources Inc
ANR
| $1.42M | ﹤0.01% |
237,820
-197,744
| -45% | -$1.16M |
|
1890
CALL
Ulta Beauty
ULTA
$21.6B
| $1.41M | ﹤0.01% |
11,800
-6,800
| -37% | -$705K |
|
|
JIVE
1891
DELISTED
Jive Software, Inc.
JIVE
| $1.41M | ﹤0.01% |
+112,827
| New | +$1.62M |
|
|
ACRE
1892
Ares Commercial Real Estate
ACRE
$256M
| $1.41M | ﹤0.01% |
+113,326
| New | +$1.45M |
|
1893
Rambus
RMBS
$9.49B
| $1.41M | ﹤0.01% |
149,781
-323,138
| -68% | -$2.96M |
|
|
BITA
1894
DELISTED
Bitauto Holdings Limited
BITA
| $1.41M | ﹤0.01% |
+87,364
| New | +$1.22M |
|
|
CHU
1895
DELISTED
China Unicom (HONG KONG) Limited
CHU
| $1.4M | ﹤0.01% |
91,082
+36,116
| +66% | +$540K |
|
|
QLGC
1896
DELISTED
QLOGIC CORP
QLGC
| $1.4M | ﹤0.01% |
128,221
-106,174
| -45% | -$1.17M |
|
|
GIVN
1897
DELISTED
GIVEN IMAGING LTD
GIVN
| $1.4M | ﹤0.01% |
72,679
-62,531
| -46% | -$1.05M |
|
|
TPC
1898
Tutor Perini Cor
TPC
$4.31B
| $1.4M | ﹤0.01% |
+65,461
| New | +$1.27M |
|
|
SA
1899
Seabridge Gold
SA
$2.69B
| $1.39M | ﹤0.01% |
133,315
+102,698
| +335% | +$1.27M |
|
|
ACAS
1900
DELISTED
American Capital Ltd
ACAS
| $1.39M | ﹤0.01% |
101,150
-334,297
| -77% | -$4.4M |
|
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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.