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 |
MRO
Marathon Oil Corporation
MRO
|
+$180M |
| 2 |
BHI
Baker Hughes
BHI
|
+$173M |
| 3 |
Dominion Energy
D
|
+$161M |
| 4 |
Kinder Morgan
KMI
|
+$155M |
| 5 |
Marathon Petroleum
MPC
|
+$154M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
FRX
FOREST LABORATORIES INC
FRX
|
+$177M |
| 2 |
SLB Ltd
SLB
|
+$121M |
| 3 |
ALXN
Alexion Pharmaceuticals
ALXN
|
+$119M |
| 4 |
PepsiCo
PEP
|
+$110M |
| 5 |
Mastercard
MA
|
+$104M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Energy | 13.03% |
| 2 | Healthcare | 11.97% |
| 3 | Financials | 8.32% |
| 4 | Utilities | 7.31% |
| 5 | Consumer Discretionary | 7.23% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
251
PUT
Cleveland-Cliffs
CLF
$6.64B
| $35.9M | 0.09% |
3,458,200
+754,800
| +28% | +$11.5M |
|
|
CVA
252
DELISTED
Covanta Holding Corporation
CVA
| $35.8M | 0.09% |
1,688,613
+35,636
| +2% | +$743K |
|
|
CTRX
253
DELISTED
CATAMARAN CORP COM STK (CDA)
CTRX
| $35.8M | 0.09% |
849,143
-142,020
| -14% | -$6.46M |
|
254
CALL
F5
FFIV
$22.1B
| $35.7M | 0.09% |
+300,900
| New | +$35.3M |
|
255
Palo Alto Networks
PANW
$265B
| $35.7M | 0.09% |
2,183,166
-153,258
| -7% | -$2.2M |
|
|
SWFT
256
DELISTED
Swift Transportation Company
SWFT
| $35.7M | 0.09% |
1,701,273
+1,107,823
| +187% | +$24.3M |
|
257
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
$26.6B
| $35.6M | 0.09% |
+142,757
| New | +$36.6M |
|
258
Abercrombie & Fitch
ANF
$4.45B
| $35.5M | 0.09% |
975,664
+628,040
| +181% | +$25.6M |
|
|
TYC
259
DELISTED
TYCO INTL PLC COM SHS (IRL)
TYC
| $35.4M | 0.09% |
758,851
+182,797
| +32% | +$8.51M |
|
|
CVD
260
DELISTED
COVANCE INC.
CVD
| $35M | 0.09% |
445,099
+310,248
| +230% | +$26.4M |
|
|
WDR
261
DELISTED
Waddell & Reed Financial, Inc.
WDR
| $34.8M | 0.09% |
673,409
+57,673
| +9% | +$3.21M |
|
262
Crown Castle
CCI
$33.4B
| $34.7M | 0.09% |
431,196
+38,566
| +10% | +$2.98M |
|
263
Novartis
NVS
$301B
| $34.7M | 0.09% |
411,083
+348,050
| +552% | +$28.2M |
|
264
APA Corp
APA
$12.8B
| $34.7M | 0.09% |
369,251
+137,737
| +59% | +$13.6M |
|
265
CALL
NetApp
NTAP
$34.1B
| $34.6M | 0.09% |
805,600
+42,400
| +6% | +$1.7M |
|
|
TWTC
266
DELISTED
TW TELECOM INC CL A COM
TWTC
| $34.4M | 0.09% |
826,622
-144,823
| -15% | -$5.89M |
|
267
Molina Healthcare
MOH
$10.2B
| $34.3M | 0.09% |
811,643
+108,051
| +15% | +$4.78M |
|
268
EQT Corp
EQT
$33B
| $34.3M | 0.09% |
688,449
+368,102
| +115% | +$19.5M |
|
269
Bank of Montreal
BMO
$125B
| $34.2M | 0.09% |
464,993
+128,560
| +38% | +$9.67M |
|
|
EPB
270
CALL
DELISTED
EL PASO PIPELINE PARTNERS, L.P. COM UNITS REPSTG LTD PART
EPB
| $34.2M | 0.09% |
851,300
-627,100
| -42% | -$24M |
|
|
JNPR
271
DELISTED
Juniper Networks
JNPR
| $34.1M | 0.09% |
1,539,845
+685,336
| +80% | +$16.1M |
|
|
SGY
272
DELISTED
Stone Energy
SGY
| $34M | 0.09% |
19,084
-13,418
| -41% | -$27.6M |
|
273
Aflac
AFL
$64.8B
| $34M | 0.09% |
1,166,746
+339,216
| +41% | +$10.3M |
|
|
GNC
274
DELISTED
GNC Holdings, Inc.
GNC
| $33.9M | 0.09% |
874,202
+654,524
| +298% | +$23.8M |
|
275
Trip.com Group
TCOM
$29.3B
| $33.7M | 0.09% |
1,188,162
+498,774
| +72% | +$15.8M |
|
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Millennium Management's Q3 2014 Portfolio in Review
As of Q3 2014, Millennium Management held 4,400 positions worth $39.5B, up 9.5% from $36.1B the previous quarter. Its ten largest holdings account for 11% of the portfolio.
Millennium Management deployed $4.94B of net new capital in Q3 2014, opening 1,066 new positions and adding to 1,336 existing holdings. Its largest new stake was St Jude Medical: 1,407,737 shares worth $84.6M.
By sector, the portfolio is most concentrated in Energy at 13% of assets, down from 13% a quarter earlier, followed by Healthcare and Financials.
On the sell side, the largest reduction was SLB Ltd, an estimated $121M trimmed.
- Millennium Management's largest Q3 2014 buy was St Jude Medical: 1,407,737 shares worth $84.6M.
- Millennium Management added most to Marathon Oil Corporation in Q3 2014, an estimated $180M increase.
- Millennium Management's biggest Q3 2014 reduction was SLB Ltd, cutting an estimated $121M.
- Millennium Management fully exited FOREST LABORATORIES INC in Q3 2014, selling an estimated $177M.
- Millennium Management's ten largest holdings make up 11% of its $39.5B portfolio in Q3 2014.
- Millennium Management opened 1,066 new positions and closed 749 in Q3 2014.
- Millennium Management's portfolio value rose 9.5% quarter-over-quarter to $39.5B.
Based on Millennium Management's 13F filing for Q3 2014, filed 14 Nov 2014.