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 | |
|---|---|---|---|---|---|---|
2176
Quanex
NX
$893M
| $900K | ﹤0.01% |
47,810
+3,197
| +7% | +$56.2K |
|
|
IBTX
2177
DELISTED
Independent Bank Group, Inc.
IBTX
| $900K | ﹤0.01% |
25,000
+300
| +1% | +$10.2K |
|
2178
National Grid
NGG
$81.3B
| $897K | ﹤0.01% |
15,751
-122,156
| -89% | -$6.89M |
|
2179
CALL
Terex
TEX
$7.84B
| $897K | ﹤0.01% |
26,700
| – | – |
|
2180
Costamare
CMRE
$1.86B
| $896K | ﹤0.01% |
+50,831
| New | +$895K |
|
2181
ICU Medical
ICUI
$4.14B
| $893K | ﹤0.01% |
+13,151
| New | +$939K |
|
2182
Gran Tierra Energy
GTE
$226M
| $892K | ﹤0.01% |
12,575
+9,588
| +321% | +$629K |
|
|
INWK
2183
DELISTED
InnerWorkings, Inc.
INWK
| $891K | ﹤0.01% |
90,752
+70,052
| +338% | +$766K |
|
|
TBCH
2184
Turtle Beach Corp
TBCH
$258M
| $889K | ﹤0.01% |
17,735
-2,440
| -12% | -$150K |
|
2185
SouthState Bank Corp
SSB
$10.3B
| $886K | ﹤0.01% |
+16,059
| New | +$880K |
|
|
MCGC
2186
DELISTED
MCG CAP CORP
MCGC
| $884K | ﹤0.01% |
175,385
+50,065
| +40% | +$258K |
|
|
NSTG
2187
DELISTED
NanoString Technologies, Inc.
NSTG
| $880K | ﹤0.01% |
+80,000
| New | +$724K |
|
2188
NN Inc
NNBR
$261M
| $879K | ﹤0.01% |
+56,465
| New | +$760K |
|
|
TXTR
2189
DELISTED
TEXTURA CORPORATION COM
TXTR
| $878K | ﹤0.01% |
+20,377
| New | +$702K |
|
2190
CALL
Sinclair Inc
SBGI
$1.02B
| $875K | ﹤0.01% |
+26,100
| New | +$736K |
|
2191
Selective Insurance
SIGI
$5.63B
| $874K | ﹤0.01% |
35,665
+4,198
| +13% | +$102K |
|
2192
Golub Capital BDC
GBDC
$3.38B
| $871K | ﹤0.01% |
51,352
+29,808
| +138% | +$514K |
|
2193
PUT
Cognizant
CTSH
$23.8B
| $870K | ﹤0.01% |
+21,200
| New | +$787K |
|
|
RSO
2194
DELISTED
Resource Capital Corp.
RSO
| $870K | ﹤0.01% |
36,606
+33,194
| +973% | +$815K |
|
|
BIRT
2195
DELISTED
Actuate Corp
BIRT
| $869K | ﹤0.01% |
118,257
+56,035
| +90% | +$408K |
|
2196
Integer Holdings
ITGR
$3.41B
| $868K | ﹤0.01% |
27,972
-95,016
| -77% | -$3.08M |
|
2197
CALL
Public Storage
PSA
$61.7B
| $867K | ﹤0.01% |
+5,400
| New | +$855K |
|
2198
Independent Bank
INDB
$4.1B
| $862K | ﹤0.01% |
+24,146
| New | +$880K |
|
|
SDEV
2199
Stablecoin Development Corp
SDEV
$31.2M
| $862K | ﹤0.01% |
+3
| New | +$665K |
|
|
ISCA
2200
DELISTED
International Speedway Corp
ISCA
| $861K | ﹤0.01% |
26,683
+7,709
| +41% | +$254K |
|
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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.