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 | |
|---|---|---|---|---|---|---|
3001
CALL
United Rentals
URI
$67.2B
| $333K | ﹤0.01% |
+3,000
| New | +$337K |
|
3002
PUT
McDonald's
MCD
$192B
| $332K | ﹤0.01% |
+3,500
| New | +$334K |
|
|
UCTT
3003
Ultra Clean Holdings
UCTT
$3.73B
| $331K | ﹤0.01% |
36,948
-64,504
| -64% | -$601K |
|
3004
PUT
Verizon
VZ
$195B
| $330K | ﹤0.01% |
6,600
-400
| -6% | -$19.9K |
|
|
COL
3005
PUT
DELISTED
Rockwell Collins
COL
| $330K | ﹤0.01% |
4,200
-1,500
| -26% | -$115K |
|
|
MENT
3006
PUT
DELISTED
Mentor Graphics Corp
MENT
| $330K | ﹤0.01% |
+16,100
| New | +$344K |
|
|
IMN
3007
DELISTED
Imation
IMN
| $330K | ﹤0.01% |
111,960
+596
| +0.5% | +$1.9K |
|
3008
AMN Healthcare
AMN
$1.3B
| $329K | ﹤0.01% |
20,955
-12,872
| -38% | -$183K |
|
3009
CALL
Petrobras
PBR
$125B
| $329K | ﹤0.01% |
23,200
-37,900
| -62% | -$634K |
|
|
WCC
3010
CALL
WESCO International
WCC
$16.7B
| $329K | ﹤0.01% |
+4,200
| New | +$347K |
|
|
CLR
3011
DELISTED
CONTINENTAL RESOURCES INC.
CLR
| $329K | ﹤0.01% |
+4,942
| New | +$368K |
|
3012
VanEck High Yield Muni ETF
HYD
$4.43B
| $328K | ﹤0.01% |
+5,331
| New | +$322K |
|
3013
iShares US Energy ETF
IYE
$1.74B
| $328K | ﹤0.01% |
+6,358
| New | +$350K |
|
|
MDSO
3014
PUT
DELISTED
Medidata Solutions, Inc.
MDSO
| $328K | ﹤0.01% |
7,400
-16,700
| -69% | -$740K |
|
|
SZYM
3015
DELISTED
SOLAZYME INC COM STK (DE)
SZYM
| $328K | ﹤0.01% |
+43,941
| New | +$410K |
|
3016
PUT
Edwards Lifesciences
EW
$49.6B
| $327K | ﹤0.01% |
+19,200
| New | +$303K |
|
3017
CALL
W.W. Grainger
GWW
$65.3B
| $327K | ﹤0.01% |
1,300
+400
| +44% | +$98.1K |
|
3018
PUT
Pentair
PNR
$10.4B
| $327K | ﹤0.01% |
+7,445
| New | +$344K |
|
|
AIQ
3019
DELISTED
Alliance Healthcare Services
AIQ
| $327K | ﹤0.01% |
14,452
+4,599
| +47% | +$127K |
|
3020
Aemetis
AMTX
$106M
| $326K | ﹤0.01% |
+37,552
| New | +$370K |
|
|
K
3021
PUT
DELISTED
Kellanova
K
| $326K | ﹤0.01% |
+5,645
| New | +$341K |
|
3022
PUT
LyondellBasell Industries
LYB
$20B
| $326K | ﹤0.01% |
+3,000
| New | +$324K |
|
3023
Nomura Holdings
NMR
$28.3B
| $326K | ﹤0.01% |
+55,184
| New | +$355K |
|
|
ATSG
3024
DELISTED
Air Transport Services Group
ATSG
| $326K | ﹤0.01% |
44,800
+16,484
| +58% | +$135K |
|
|
OKSB
3025
DELISTED
Southwest Bancorp Inc/OK
OKSB
| $326K | ﹤0.01% |
19,850
+3,091
| +18% | +$50.2K |
|
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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.