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 | |
|---|---|---|---|---|---|---|
176
AMC Global Media
AMCX
$492M
| $33.3M | 0.11% |
485,426
+379,838
| +360% | +$25.2M |
|
|
QIHU
177
DELISTED
QIHOO 360 TECHNOLOGY CO LTD ADS RPSTG 3 CL A SHS
QIHU
| $33.1M | 0.11% |
+398,399
| New | +$28M |
|
178
Halliburton
HAL
$26.9B
| $33.1M | 0.11% |
688,332
+163,141
| +31% | +$7.64M |
|
|
HTSI
179
DELISTED
HARRIS TEETER SUPERMARKETS INC COM STK (NC)
HTSI
| $33M | 0.11% |
671,013
+644,711
| +2,451% | +$31.7M |
|
180
Mastercard
MA
$502B
| $33M | 0.11% |
489,820
+423,240
| +636% | +$26.6M |
|
181
AXIS Capital
AXS
$7.68B
| $32.9M | 0.11% |
+758,748
| New | +$33.5M |
|
|
CVA
182
DELISTED
Covanta Holding Corporation
CVA
| $32.8M | 0.11% |
1,532,285
+105,220
| +7% | +$2.21M |
|
|
LNKD
183
DELISTED
LinkedIn Corporation
LNKD
| $32.6M | 0.1% |
132,324
+129,226
| +4,171% | +$29.1M |
|
|
CBL
184
DELISTED
CBL& Associates Properties, Inc.
CBL
| $32.5M | 0.1% |
1,704,188
+1,531,795
| +889% | +$32.3M |
|
185
Teva Pharmaceuticals
TEVA
$40.8B
| $32.5M | 0.1% |
861,157
+553,476
| +180% | +$21.6M |
|
|
CHK
186
DELISTED
Chesapeake Energy Corporation
CHK
| $32.4M | 0.1% |
6,620
+1,327
| +25% | +$6.16M |
|
187
Armstrong World Industries
AWI
$7.38B
| $32.3M | 0.1% |
588,185
+490,373
| +501% | +$24.8M |
|
188
Kroger
KR
$35.4B
| $32.2M | 0.1% |
1,598,826
+1,336,626
| +510% | +$25.7M |
|
189
General Motors
GM
$80.4B
| $32.1M | 0.1% |
893,075
-1,197,780
| -57% | -$43M |
|
|
CBST
190
CALL
DELISTED
CUBIST PHARMACEUTICALS INC
CBST
| $32M | 0.1% |
+503,000
| New | +$30.4M |
|
|
CVC
191
DELISTED
CABLEVISION SYS CP NY GRP CL-A
CVC
| $31.9M | 0.1% |
1,895,125
+1,789,361
| +1,692% | +$32.8M |
|
192
Timken Company
TKR
$9.56B
| $31.9M | 0.1% |
737,189
+536,725
| +268% | +$23M |
|
|
PX
193
DELISTED
Praxair Inc
PX
| $31.6M | 0.1% |
263,070
+98,856
| +60% | +$11.7M |
|
194
Vodafone
VOD
$36.3B
| $31.4M | 0.1% |
874,798
+142,349
| +19% | +$4.5M |
|
|
ONIT
195
Onity Group
ONIT
$309M
| $31.3M | 0.1% |
37,379
+26,929
| +258% | +$20.3M |
|
|
NRF
196
DELISTED
NorthStar Realty Finance Corp.
NRF
| $31.1M | 0.1% |
1,709,161
+262,625
| +18% | +$4.78M |
|
197
Westlake Corp
WLK
$9.03B
| $30.9M | 0.1% |
590,124
-69,934
| -11% | -$3.57M |
|
|
SRC
198
DELISTED
SPIRIT REALTY CAPITAL, INC.
SRC
| $30.7M | 0.1% |
746,577
-48,058
| -6% | -$1.98M |
|
|
WOOF
199
DELISTED
VCA Inc.
WOOF
| $30.7M | 0.1% |
1,119,062
+340,393
| +44% | +$9.52M |
|
|
ONXX
200
DELISTED
ONYX PHARMACEUTICALS INC
ONXX
| $30.7M | 0.1% |
245,987
+134,555
| +121% | +$17M |
|
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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.