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 | |
|---|---|---|---|---|---|---|
|
CEL
2426
DELISTED
Cellcom Israel, Ltd.
CEL
| $591K | ﹤0.01% |
+53,439
| New | +$573K |
|
2427
World Acceptance Corp
WRLD
$909M
| $589K | ﹤0.01% |
6,553
+3,296
| +101% | +$281K |
|
2428
Perma-Fix Environmental Services
PESI
$332M
| $587K | ﹤0.01% |
160,000
-172,491
| -52% | -$436K |
|
2429
Erie Indemnity
ERIE
$11.9B
| $586K | ﹤0.01% |
+8,090
| New | +$624K |
|
|
ECOL
2430
DELISTED
US Ecology, Inc.
ECOL
| $586K | ﹤0.01% |
19,463
+11,853
| +156% | +$348K |
|
2431
CVR Energy
CVI
$3.43B
| $585K | ﹤0.01% |
15,180
-72,379
| -83% | -$3.18M |
|
2432
PUT
Sony
SONY
$131B
| $585K | ﹤0.01% |
+136,000
| New | +$576K |
|
|
MN
2433
DELISTED
MANNING & NAPIER, INC.
MN
| $585K | ﹤0.01% |
35,075
-53,145
| -60% | -$890K |
|
2434
8x8 Inc
EGHT
$262M
| $579K | ﹤0.01% |
+57,488
| New | +$537K |
|
|
HBI
2435
PUT
DELISTED
Hanesbrands
HBI
| $579K | ﹤0.01% |
+37,200
| New | +$553K |
|
2436
Huazhu Hotels Group
HTHT
$12.9B
| $577K | ﹤0.01% |
+121,460
| New | +$555K |
|
2437
Safe Bulkers
SB
$766M
| $577K | ﹤0.01% |
+84,809
| New | +$499K |
|
|
RNWK
2438
DELISTED
RealNetworks Inc
RNWK
| $577K | ﹤0.01% |
67,482
-173,618
| -72% | -$1.33M |
|
2439
Andersons Inc
ANDE
$2.54B
| $576K | ﹤0.01% |
+12,360
| New | +$521K |
|
2440
CALL
W.W. Grainger
GWW
$66B
| $576K | ﹤0.01% |
+2,200
| New | +$572K |
|
|
CAS
2441
DELISTED
A M Castle & Co
CAS
| $576K | ﹤0.01% |
35,771
-60,158
| -63% | -$971K |
|
2442
Zumiez
ZUMZ
$328M
| $575K | ﹤0.01% |
20,895
-43,801
| -68% | -$1.23M |
|
2443
La-Z-Boy
LZB
$1.62B
| $573K | ﹤0.01% |
25,220
-24,844
| -50% | -$539K |
|
2444
The Bancorp
TBBK
$2.81B
| $573K | ﹤0.01% |
+32,370
| New | +$525K |
|
|
FPO
2445
DELISTED
First Potomac Realty Trust
FPO
| $572K | ﹤0.01% |
45,499
-32,201
| -41% | -$424K |
|
2446
Ambarella
AMBA
$2.99B
| $570K | ﹤0.01% |
+29,200
| New | +$497K |
|
|
CKH
2447
DELISTED
Seacor Holdings Inc.
CKH
| $570K | ﹤0.01% |
6,516
-1,971
| -23% | -$165K |
|
2448
Astronics
ATRO
$3.47B
| $569K | ﹤0.01% |
31,337
-39,419
| -56% | -$636K |
|
2449
CALL
Delta Air Lines
DAL
$57B
| $569K | ﹤0.01% |
24,100
+1,600
| +7% | +$33.3K |
|
2450
Palo Alto Networks
PANW
$259B
| $569K | ﹤0.01% |
74,454
+37,254
| +100% | +$294K |
|
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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.