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 | |
|---|---|---|---|---|---|---|
1926
Power Integrations
POWI
$3.3B
| $1.32M | ﹤0.01% |
48,846
-65,352
| -57% | -$1.69M |
|
|
HT
1927
DELISTED
Hersha Hospitality Trust Priority Class A Common Shares of Beneficial Interest
HT
| $1.32M | ﹤0.01% |
59,133
+19,813
| +50% | +$445K |
|
|
CGI
1928
DELISTED
Celadon Group Inc
CGI
| $1.32M | ﹤0.01% |
70,620
+42,155
| +148% | +$797K |
|
|
DMND
1929
DELISTED
DIAMOND FOODS, INC.
DMND
| $1.32M | ﹤0.01% |
+55,949
| New | +$1.21M |
|
1930
iShare MSCI Eurozone ETF
EZU
$9.44B
| $1.32M | ﹤0.01% |
34,886
+12,292
| +54% | +$438K |
|
|
RAS
1931
DELISTED
RAIT Financial Trust
RAS
| $1.31M | ﹤0.01% |
185,485
+46,875
| +34% | +$332K |
|
1932
Haverty Furniture Companies
HVT
$421M
| $1.3M | ﹤0.01% |
53,211
-5,491
| -9% | -$138K |
|
1933
PUT
Ulta Beauty
ULTA
$21.6B
| $1.3M | ﹤0.01% |
+10,900
| New | +$1.13M |
|
1934
TAL Education Group
TAL
$5.79B
| $1.29M | ﹤0.01% |
535,752
+226,224
| +73% | +$461K |
|
1935
Douglas Emmett
DEI
$2.01B
| $1.29M | ﹤0.01% |
+55,141
| New | +$1.34M |
|
1936
Stagwell
STGW
$1.98B
| $1.29M | ﹤0.01% |
69,225
+22,648
| +49% | +$353K |
|
1937
PUT
Nektar Therapeutics
NKTR
$2.39B
| $1.29M | ﹤0.01% |
+8,233
| New | +$1.52M |
|
1938
Lattice Semiconductor
LSCC
$17B
| $1.29M | ﹤0.01% |
289,095
+168,096
| +139% | +$833K |
|
1939
PUT
Myriad Genetics
MYGN
$502M
| $1.28M | ﹤0.01% |
+54,700
| New | +$1.55M |
|
|
VCI
1940
DELISTED
VALASSIS COMMUNICATIONS INC
VCI
| $1.28M | ﹤0.01% |
44,497
-76,440
| -63% | -$2.15M |
|
1941
Papa John's
PZZA
$1.02B
| $1.28M | ﹤0.01% |
36,754
-17,632
| -32% | -$609K |
|
|
BEAT
1942
DELISTED
BioTelemetry, Inc.
BEAT
| $1.28M | ﹤0.01% |
+129,410
| New | +$1.02M |
|
1943
Radware
RDWR
$1.19B
| $1.28M | ﹤0.01% |
91,629
+47,623
| +108% | +$691K |
|
1944
Scansource
SCSC
$1.16B
| $1.28M | ﹤0.01% |
36,951
-4,520
| -11% | -$153K |
|
1945
Stepan Co
SCL
$1.32B
| $1.28M | ﹤0.01% |
+22,113
| New | +$1.28M |
|
|
RLD
1946
DELISTED
REALD INC COM STK
RLD
| $1.28M | ﹤0.01% |
+182,361
| New | +$1.77M |
|
|
RTK
1947
DELISTED
Rentech, Inc.
RTK
| $1.28M | ﹤0.01% |
64,479
-20,654
| -24% | -$434K |
|
1948
CALL
O'Reilly Automotive
ORLY
$75.6B
| $1.28M | ﹤0.01% |
150,000
-364,500
| -71% | -$2.98M |
|
1949
Pegasystems
PEGA
$4.85B
| $1.27M | ﹤0.01% |
128,108
-69,528
| -35% | -$636K |
|
1950
Barrett Business Services
BBSI
$1.01B
| $1.27M | ﹤0.01% |
75,716
-15,380
| -17% | -$251K |
|
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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.