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 | |
|---|---|---|---|---|---|---|
|
RAX
1901
DELISTED
Rackspace Hosting Inc
RAX
| $1.39M | ﹤0.01% |
+26,320
| New | +$1.22M |
|
1902
Weyerhaeuser
WY
$17.7B
| $1.39M | ﹤0.01% |
48,370
-437,401
| -90% | -$12.4M |
|
1903
Provident Financial Services
PFS
$3.15B
| $1.38M | ﹤0.01% |
85,407
+48,499
| +131% | +$819K |
|
1904
Dana Inc
DAN
$2.95B
| $1.38M | ﹤0.01% |
60,487
-573,848
| -90% | -$12.4M |
|
1905
Liberty Media Series A
FWONA
$23.3B
| $1.38M | ﹤0.01% |
+52,732
| New | +$1.32M |
|
1906
MillerKnoll
MLKN
$1.61B
| $1.38M | ﹤0.01% |
47,221
+37,675
| +395% | +$1.05M |
|
|
SEM
1907
DELISTED
Select Medical
SEM
| $1.38M | ﹤0.01% |
316,715
+285,434
| +912% | +$1.3M |
|
|
DRCO
1908
DELISTED
DYNAMICS RESEARCH CORP
DRCO
| $1.38M | ﹤0.01% |
181,235
-9,332
| -5% | -$60K |
|
1909
Perion Network
PERI
$378M
| $1.37M | ﹤0.01% |
34,804
+2,577
| +8% | +$92.8K |
|
1910
Vanguard FTSE Europe ETF
VGK
$30.2B
| $1.36M | ﹤0.01% |
24,976
+15,510
| +164% | +$811K |
|
|
EVOL
1911
DELISTED
Evolving Systems, Inc.
EVOL
| $1.36M | ﹤0.01% |
141,594
| – | – |
|
|
WR
1912
DELISTED
Westar Energy Inc
WR
| $1.36M | ﹤0.01% |
+44,291
| New | +$1.42M |
|
|
KMI.WS
1913
DELISTED
Kinder Morgan Inc
KMI.WS
| $1.35M | ﹤0.01% |
271,977
+73,424
| +37% | +$386K |
|
|
P
1914
CALL
DELISTED
Pandora Media Inc
P
| $1.35M | ﹤0.01% |
53,700
-46,300
| -46% | -$948K |
|
|
CVG
1915
DELISTED
Convergys
CVG
| $1.35M | ﹤0.01% |
71,881
-76,469
| -52% | -$1.43M |
|
|
SIAL
1916
PUT
DELISTED
SIGMA - ALDRICH CORP
SIAL
| $1.35M | ﹤0.01% |
+15,800
| New | +$1.33M |
|
1917
PUT
Regeneron Pharmaceuticals
REGN
$72.9B
| $1.34M | ﹤0.01% |
+4,300
| New | +$1.13M |
|
1918
Adeia
ADEA
$2.77B
| $1.34M | ﹤0.01% |
262,279
+164,324
| +168% | +$869K |
|
1919
Grupo Aeroportuario del Sureste
ASR
$8.14B
| $1.34M | ﹤0.01% |
+12,330
| New | +$1.43M |
|
1920
Encore Capital Group
ECPG
$2.06B
| $1.34M | ﹤0.01% |
29,256
-17,781
| -38% | -$720K |
|
|
FBR
1921
DELISTED
Fibria Celulose Sa
FBR
| $1.34M | ﹤0.01% |
116,006
+58,900
| +103% | +$680K |
|
1922
Penske Automotive Group
PAG
$14.5B
| $1.33M | ﹤0.01% |
31,197
-91,252
| -75% | -$3.49M |
|
|
UNXL
1923
CALL
DELISTED
Uni-Pixel, Inc.
UNXL
| $1.33M | ﹤0.01% |
+75,000
| New | +$1.19M |
|
1924
Supernus Pharmaceuticals
SUPN
$2.77B
| $1.33M | ﹤0.01% |
181,221
+88,353
| +95% | +$593K |
|
1925
CALL
Medtronic
MDT
$111B
| $1.33M | ﹤0.01% |
24,900
-95,500
| -79% | -$5.14M |
|
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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.