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 | |
|---|---|---|---|---|---|---|
2876
CALL
LyondellBasell Industries
LYB
$20B
| $391K | ﹤0.01% |
+3,600
| New | +$389K |
|
2877
Patrick Industries
PATK
$2.74B
| $391K | ﹤0.01% |
31,185
-63,426
| -67% | -$807K |
|
2878
CALL
VeriSign
VRSN
$26.2B
| $391K | ﹤0.01% |
+7,100
| New | +$383K |
|
|
IVAC
2879
DELISTED
Intevac Inc
IVAC
| $391K | ﹤0.01% |
+58,556
| New | +$407K |
|
2880
City Holding Co
CHCO
$2.05B
| $390K | ﹤0.01% |
+9,251
| New | +$397K |
|
2881
Eversource Energy
ES
$26.9B
| $390K | ﹤0.01% |
8,808
-2,060,884
| -100% | -$92.7M |
|
2882
Good Times Restaurants
GTIM
$14.6M
| $390K | ﹤0.01% |
+65,000
| New | +$266K |
|
2883
CALL
Union Pacific
UNP
$174B
| $390K | ﹤0.01% |
+3,600
| New | +$373K |
|
|
FGL
2884
DELISTED
Fidelity & Guaranty Life
FGL
| $390K | ﹤0.01% |
+18,260
| New | +$405K |
|
2885
CALL
Check Point Software Technologies
CHKP
$13B
| $388K | ﹤0.01% |
+5,600
| New | +$381K |
|
|
AENZ
2886
DELISTED
Aenza S.A.A.
AENZ
| $386K | ﹤0.01% |
8,563
-5,158
| -38% | -$260K |
|
|
CVSA
2887
PUT
Covista Inc
CVSA
$4.25B
| $385K | ﹤0.01% |
+9,000
| New | +$383K |
|
|
ELX
2888
DELISTED
EMULEX CORP
ELX
| $385K | ﹤0.01% |
78,032
-106,453
| -58% | -$576K |
|
2889
CALL
Delek US
DK
$4.16B
| $384K | ﹤0.01% |
+11,600
| New | +$370K |
|
2890
Geron
GERN
$828M
| $384K | ﹤0.01% |
191,883
-125,022
| -39% | -$308K |
|
2891
PUT
BHP
BHP
$215B
| $383K | ﹤0.01% |
+7,687
| New | +$447K |
|
2892
Burlington
BURL
$23.2B
| $383K | ﹤0.01% |
9,597
-29,556
| -75% | -$1.02M |
|
2893
McEwen Inc
MUX
$1.03B
| $382K | ﹤0.01% |
19,503
+12,282
| +170% | +$328K |
|
2894
CALL
AvalonBay Communities
AVB
$26.5B
| $381K | ﹤0.01% |
+2,700
| New | +$400K |
|
2895
PUT
Herc Holdings
HRI
$5.02B
| $381K | ﹤0.01% |
5,000
| – | – |
|
2896
CALL
Delta Air Lines
DAL
$57.5B
| $380K | ﹤0.01% |
+10,500
| New | +$401K |
|
2897
Quanex
NX
$819M
| $379K | ﹤0.01% |
20,932
-155,397
| -88% | -$2.78M |
|
2898
Direxion Daily Small Cap Bull 3x ETF
TNA
$1.3B
| $379K | ﹤0.01% |
11,946
+142
| +1% | +$5.17K |
|
|
2899
PUT
Union Pacific
UNP
$174B
| $379K | ﹤0.01% |
+3,500
| New | +$362K |
|
|
MDCI
2900
DELISTED
MEDICAL ACTION INDS INC
MDCI
| $378K | ﹤0.01% |
27,418
-5,224
| -16% | -$72K |
|
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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.