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 | |
|---|---|---|---|---|---|---|
2101
CALL
JetBlue
JBLU
$2.23B
| $1M | ﹤0.01% |
150,000
-80,400
| -35% | -$520K |
|
|
2102
PUT
JetBlue
JBLU
$2.23B
| $1M | ﹤0.01% |
150,000
| – | – |
|
|
CUB
2103
DELISTED
Cubic Corporation
CUB
| $997K | ﹤0.01% |
+18,582
| New | +$957K |
|
|
DANG
2104
DELISTED
E-COMMERCE CHINA DANGDANG INC SPNSRD ADS REP COM CL A (CYM)
DANG
| $994K | ﹤0.01% |
94,851
-457,597
| -83% | -$4.05M |
|
2105
CALL
Factset
FDS
$10.1B
| $993K | ﹤0.01% |
+9,100
| New | +$983K |
|
|
RATE
2106
DELISTED
Bankrate Inc
RATE
| $988K | ﹤0.01% |
48,032
-68,654
| -59% | -$1.18M |
|
2107
Ecolab
ECL
$79.6B
| $987K | ﹤0.01% |
9,993
-441,959
| -98% | -$41.1M |
|
|
CEC
2108
DELISTED
CEC ENTERTAINMENT INC
CEC
| $985K | ﹤0.01% |
+21,484
| New | +$924K |
|
2109
Open Text
OTEX
$6.02B
| $984K | ﹤0.01% |
52,724
-143,060
| -73% | -$2.51M |
|
2110
iShares US Real Estate ETF
IYR
$4.76B
| $983K | ﹤0.01% |
+15,403
| New | +$1.01M |
|
|
AHRT
2111
AH Realty Trust
AHRT
$540M
| $982K | ﹤0.01% |
99,124
+31,235
| +46% | +$325K |
|
|
EVRI
2112
DELISTED
Everi Holdings
EVRI
| $981K | ﹤0.01% |
125,672
-567,898
| -82% | -$4.2M |
|
|
ENT
2113
DELISTED
Global Eagle Entertainment Inc.
ENT
| $981K | ﹤0.01% |
4,200
-2,644
| -39% | -$658K |
|
|
AF
2114
DELISTED
Astoria Financial Corporation
AF
| $979K | ﹤0.01% |
78,672
-286,575
| -78% | -$3.54M |
|
|
RRTS
2115
DELISTED
RoadRunner Transportation Systems, Inc.
RRTS
| $978K | ﹤0.01% |
1,386
+727
| +110% | +$520K |
|
|
JCP
2116
PUT
DELISTED
J.C. Penney Company, Inc.
JCP
| $975K | ﹤0.01% |
110,600
+14,300
| +15% | +$204K |
|
|
BPO
2117
DELISTED
BROOKFIELD OFFICE PROPERTIES. INC
BPO
| $972K | ﹤0.01% |
50,995
-4,622
| -8% | -$77.2K |
|
2118
AeroVironment
AVAV
$7.91B
| $968K | ﹤0.01% |
41,914
+10,727
| +34% | +$240K |
|
2119
State Street Health Care Select Sector SPDR ETF
XLV
$43.2B
| $968K | ﹤0.01% |
19,129
+4,929
| +35% | +$248K |
|
2120
Semtech
SMTC
$10.4B
| $967K | ﹤0.01% |
32,228
-2,220
| -6% | -$70K |
|
2121
Universal Electronics
UEIC
$58.1M
| $966K | ﹤0.01% |
+26,802
| New | +$844K |
|
2122
CALL
Kulicke & Soffa
KLIC
$4.76B
| $963K | ﹤0.01% |
83,400
-2,600
| -3% | -$29.6K |
|
2123
Lifecore Biomedical
LFCR
$165M
| $963K | ﹤0.01% |
78,940
+19,582
| +33% | +$273K |
|
2124
PUT
Ashland
ASH
$3.11B
| $962K | ﹤0.01% |
+21,258
| New | +$917K |
|
2125
Rockwell Medical
RMTI
$27.6M
| $960K | ﹤0.01% |
765
+657
| +608% | +$446K |
|
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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.