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 | |
|---|---|---|---|---|---|---|
|
CATM
2151
DELISTED
Cardtronics plc Class A Ordinary Shares (UK)
CATM
| $927K | ﹤0.01% |
24,977
-105,813
| -81% | -$3.57M |
|
|
EE
2152
DELISTED
El Paso Electric Company
EE
| $925K | ﹤0.01% |
27,691
+8,820
| +47% | +$315K |
|
2153
StealthGas
GASS
$329M
| $924K | ﹤0.01% |
101,131
-126,400
| -56% | -$1.22M |
|
|
JOY
2154
CALL
DELISTED
Joy Global Inc
JOY
| $924K | ﹤0.01% |
+18,100
| New | +$923K |
|
2155
CALL
iShares China Large-Cap ETF
FXI
$4.27B
| $923K | ﹤0.01% |
+24,900
| New | +$884K |
|
2156
BlackRock TCP Capital
TCPC
$274M
| $923K | ﹤0.01% |
+56,879
| New | +$906K |
|
|
FDML
2157
DELISTED
Federal-Mogul Holdings Corporation
FDML
| $923K | ﹤0.01% |
54,981
+39,378
| +252% | +$589K |
|
|
CAM
2158
CALL
DELISTED
CAMERON INTERNATIONAL CORPORATION
CAM
| $922K | ﹤0.01% |
15,800
| – | – |
|
2159
Arrowhead Research
ARWR
$12.1B
| $921K | ﹤0.01% |
+161,889
| New | +$622K |
|
2160
DHI Group
DHX
$178M
| $921K | ﹤0.01% |
108,273
-45,023
| -29% | -$397K |
|
2161
NETSCOUT
NTCT
$2.89B
| $919K | ﹤0.01% |
35,987
-78,134
| -68% | -$2.02M |
|
2162
PUT
DaVita
DVA
$15.4B
| $916K | ﹤0.01% |
+16,100
| New | +$922K |
|
|
WLL
2163
CALL
DELISTED
Whiting Petroleum Corporation
WLL
| $916K | ﹤0.01% |
+51
| New | +$790K |
|
2164
PUT
Salesforce
CRM
$149B
| $914K | ﹤0.01% |
+17,600
| New | +$799K |
|
2165
Iridium Communications
IRDM
$4.81B
| $913K | ﹤0.01% |
+132,746
| New | +$994K |
|
2166
Hovnanian Enterprises
HOV
$800M
| $910K | ﹤0.01% |
6,958
-19,446
| -74% | -$2.6M |
|
2167
PUT
Ross Stores
ROST
$80.5B
| $910K | ﹤0.01% |
+25,000
| New | +$853K |
|
2168
Standex International
SXI
$3.56B
| $908K | ﹤0.01% |
+15,284
| New | +$882K |
|
|
GNC
2169
PUT
DELISTED
GNC Holdings, Inc.
GNC
| $907K | ﹤0.01% |
+16,600
| New | +$849K |
|
|
XOOM
2170
DELISTED
XOOM CORP COM
XOOM
| $906K | ﹤0.01% |
+28,537
| New | +$831K |
|
|
SIGM
2171
DELISTED
Sigma Designs Inc
SIGM
| $905K | ﹤0.01% |
162,257
+104,787
| +182% | +$564K |
|
2172
PUT
Agilent Technologies
A
$39.7B
| $902K | ﹤0.01% |
24,605
+5,033
| +26% | +$170K |
|
2173
Central Pacific Financial
CPF
$1.02B
| $902K | ﹤0.01% |
50,979
-5,811
| -10% | -$104K |
|
2174
CALL
Intuit
INTU
$85.6B
| $902K | ﹤0.01% |
13,600
+3,900
| +40% | +$251K |
|
2175
OraSure Technologies
OSUR
$277M
| $902K | ﹤0.01% |
150,003
-302,575
| -67% | -$1.52M |
|
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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.