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 | |
|---|---|---|---|---|---|---|
2126
Adtran
ADTN
$730M
| $955K | ﹤0.01% |
35,855
-136,479
| -79% | -$3.54M |
|
|
GAME
2127
DELISTED
SHANDA GAMES LTD SPON ADR REPSTG CL A (CAYMAN ISLANDS)
GAME
| $954K | ﹤0.01% |
244,070
+126,968
| +108% | +$553K |
|
2128
CALL
Silicon Laboratories
SLAB
$7.17B
| $952K | ﹤0.01% |
+22,300
| New | +$922K |
|
2129
CALL
Salesforce
CRM
$149B
| $950K | ﹤0.01% |
+18,300
| New | +$831K |
|
2130
Biglari Holdings Class B
BH
$1.18B
| $947K | ﹤0.01% |
3,706
+1,785
| +93% | +$449K |
|
2131
CALL
Ironwood Pharmaceuticals
IRWD
$626M
| $947K | ﹤0.01% |
95,520
-767,384
| -89% | -$7.53M |
|
2132
CONMED
CNMD
$1.33B
| $945K | ﹤0.01% |
27,811
-45,548
| -62% | -$1.49M |
|
|
ARTC
2133
DELISTED
ARTHROCARE CORP
ARTC
| $945K | ﹤0.01% |
26,566
-51,865
| -66% | -$1.81M |
|
|
IGTE
2134
DELISTED
IGATE CORPORATION
IGTE
| $943K | ﹤0.01% |
+33,964
| New | +$778K |
|
2135
PUT
The Mosaic Company
MOS
$7.34B
| $942K | ﹤0.01% |
+21,900
| New | +$1.02M |
|
2136
PUT
Direxion Daily Small Cap Bull 3x ETF
TNA
$1.34B
| $941K | ﹤0.01% |
30,000
| – | – |
|
2137
PUT
AvalonBay Communities
AVB
$27.2B
| $940K | ﹤0.01% |
+7,400
| New | +$976K |
|
2138
Unum
UNM
$14B
| $939K | ﹤0.01% |
30,855
+20,355
| +194% | +$625K |
|
2139
Amkor Technology
AMKR
$11.3B
| $937K | ﹤0.01% |
218,879
-93,357
| -30% | -$401K |
|
2140
Hexcel
HXL
$8.3B
| $937K | ﹤0.01% |
24,142
-106,353
| -81% | -$3.87M |
|
2141
News Corp Class A
NWSA
$15.3B
| $937K | ﹤0.01% |
+58,366
| New | +$932K |
|
2142
Monolithic Power Systems
MPWR
$63B
| $936K | ﹤0.01% |
30,900
+9,447
| +44% | +$265K |
|
|
SLTM
2143
DELISTED
SOLTA MED INC (DE)
SLTM
| $935K | ﹤0.01% |
451,700
+76,700
| +20% | +$174K |
|
|
KND
2144
DELISTED
Kindred Healthcare
KND
| $934K | ﹤0.01% |
69,530
+24,051
| +53% | +$346K |
|
|
AXON
2145
Axon Enterprise
AXON
$44.1B
| $932K | ﹤0.01% |
62,606
-86,363
| -58% | -$927K |
|
|
MBFI
2146
DELISTED
MB Financial Corp
MBFI
| $932K | ﹤0.01% |
33,026
-206,111
| -86% | -$5.81M |
|
|
DHC
2147
Diversified Healthcare Trust
DHC
$2.23B
| $930K | ﹤0.01% |
+40,207
| New | +$973K |
|
|
CCXI
2148
DELISTED
ChemoCentryx, Inc.
CCXI
| $930K | ﹤0.01% |
167,303
-120,418
| -42% | -$1.3M |
|
2149
PUT
GameStop
GME
$9.94B
| $928K | ﹤0.01% |
+74,800
| New | +$894K |
|
|
GTAT
2150
DELISTED
GT ADVANCED TECHNOLOGIES INC COM STK (DE)
GTAT
| $928K | ﹤0.01% |
109,043
+91,343
| +516% | +$545K |
|
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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.