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 | |
|---|---|---|---|---|---|---|
2401
Telkom Indonesia
TLK
$14.3B
| $614K | ﹤0.01% |
+33,838
| New | +$706K |
|
|
PX
2402
PUT
DELISTED
Praxair Inc
PX
| $613K | ﹤0.01% |
+5,100
| New | +$606K |
|
2403
Deckers Outdoor
DECK
$13.3B
| $612K | ﹤0.01% |
55,674
-1,031,280
| -95% | -$10M |
|
|
COWN
2404
DELISTED
Cowen Inc. Class A Common Stock
COWN
| $610K | ﹤0.01% |
44,331
-1,447
| -3% | -$19.3K |
|
2405
PUT
Boston Properties
BXP
$11B
| $609K | ﹤0.01% |
+5,700
| New | +$603K |
|
|
CBEY
2406
DELISTED
CBEYOND INC COM STK
CBEY
| $608K | ﹤0.01% |
94,858
+35,644
| +60% | +$257K |
|
|
BODY
2407
CALL
DELISTED
BODY CENTRAL CORP COM STK
BODY
| $608K | ﹤0.01% |
99,600
-8,100
| -8% | -$71.7K |
|
2408
ProShares Ultra Financials
UYG
$826M
| $607K | ﹤0.01% |
37,110
+20,064
| +118% | +$335K |
|
2409
Crown Castle
CCI
$32.4B
| $606K | ﹤0.01% |
8,300
-45,674
| -85% | -$3.27M |
|
|
AGN
2410
PUT
DELISTED
Allergan plc
AGN
| $605K | ﹤0.01% |
+4,200
| New | +$559K |
|
2411
CALL
KBR
KBR
$4.67B
| $604K | ﹤0.01% |
18,500
-24,000
| -56% | -$761K |
|
|
BIOA
2412
DELISTED
BioAmber Inc.
BIOA
| $603K | ﹤0.01% |
123,000
-12,000
| -9% | -$68.3K |
|
|
BTM
2413
DELISTED
OI S.A. SPON ADR REPSTG 3 PFD SHS (BRA)
BTM
| $603K | ﹤0.01% |
+327,774
| New | +$603K |
|
|
CPE
2414
DELISTED
Callon Petroleum Company
CPE
| $602K | ﹤0.01% |
10,998
+7,716
| +235% | +$336K |
|
2415
CALL
Advanced Micro Devices
AMD
$807B
| $600K | ﹤0.01% |
157,800
+54,800
| +53% | +$209K |
|
|
CADX
2416
DELISTED
CADENCE PHARMACEUTICALS, INC COM STK
CADX
| $600K | ﹤0.01% |
95,287
-22,774
| -19% | -$145K |
|
|
LO
2417
DELISTED
LORILLARD INC COM STK
LO
| $599K | ﹤0.01% |
13,373
-111,512
| -89% | -$4.91M |
|
|
WWAV
2418
DELISTED
The WhiteWave Foods Company
WWAV
| $599K | ﹤0.01% |
29,981
-163,442
| -84% | -$3.1M |
|
|
SASR
2419
DELISTED
Sandy Spring Bancorp Inc
SASR
| $598K | ﹤0.01% |
25,718
+15,606
| +154% | +$371K |
|
|
MVC
2420
DELISTED
MVC Capital, Inc.
MVC
| $597K | ﹤0.01% |
45,700
-16,211
| -26% | -$207K |
|
|
MBII
2421
DELISTED
Marrone Bio Innovations, Inc.
MBII
| $596K | ﹤0.01% |
+35,400
| New | +$497K |
|
|
WRES
2422
DELISTED
WARREN RESOURCES INC
WRES
| $596K | ﹤0.01% |
204,909
+68,868
| +51% | +$200K |
|
2423
Essential Utilities
WTRG
$11.2B
| $595K | ﹤0.01% |
24,051
-14,130
| -37% | -$360K |
|
|
AGU
2424
DELISTED
Agrium
AGU
| $592K | ﹤0.01% |
7,048
+3,092
| +78% | +$271K |
|
2425
POSCO
PKX
$16.1B
| $591K | ﹤0.01% |
8,026
-17,012
| -68% | -$1.24M |
|
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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.