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 |
CAM
CAMERON INTERNATIONAL CORPORATION
CAM
|
+$294M |
| 2 |
PXD
Pioneer Natural Resource Co.
PXD
|
+$293M |
| 3 |
WLL
Whiting Petroleum Corporation
WLL
|
+$213M |
| 4 |
Xcel Energy
XEL
|
+$178M |
| 5 |
McDonald's
MCD
|
+$173M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
BHI
Baker Hughes
BHI
|
+$255M |
| 2 |
Exelon
EXC
|
+$209M |
| 3 |
AbbVie
ABBV
|
+$199M |
| 4 |
CenterPoint Energy
CNP
|
+$130M |
| 5 |
American Electric Power
AEP
|
+$124M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 13.57% |
| 2 | Energy | 11.77% |
| 3 | Financials | 9.48% |
| 4 | Industrials | 8.04% |
| 5 | Consumer Discretionary | 7.53% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
326
Tronox
TROX
$995M
| $37.5M | 0.08% |
1,571,033
-23,704
| -1% | -$549K |
|
|
AET
327
DELISTED
Aetna Inc
AET
| $37.5M | 0.08% |
422,284
+89,803
| +27% | +$7.54M |
|
|
WCG
328
DELISTED
Wellcare Health Plans, Inc.
WCG
| $37.5M | 0.08% |
456,944
+334,615
| +274% | +$23.3M |
|
329
CDW
CDW
$17.1B
| $37.4M | 0.08% |
1,063,126
+1,021,341
| +2,444% | +$33M |
|
330
Agilent Technologies
A
$39.1B
| $37.4M | 0.08% |
913,141
-97,933
| -10% | -$3.95M |
|
|
HNT
331
DELISTED
HEALTH NET INC
HNT
| $37.3M | 0.08% |
697,236
+536,942
| +335% | +$26.4M |
|
|
AKS
332
DELISTED
AK Steel Holding Corp
AKS
| $37.3M | 0.08% |
6,279,580
+3,855,788
| +159% | +$24.2M |
|
333
Williams Companies
WMB
$90.5B
| $37.1M | 0.08% |
825,469
-615,512
| -43% | -$31.5M |
|
|
RESI
334
DELISTED
Front Yard Residential Corporation Common Stock
RESI
| $36.9M | 0.08% |
1,902,408
+1,853,411
| +3,783% | +$39.6M |
|
335
Graphic Packaging
GPK
$3.26B
| $36.8M | 0.08% |
2,700,841
-1,443,747
| -35% | -$17.9M |
|
336
Emerson Electric
EMR
$82.9B
| $36.6M | 0.08% |
+593,666
| New | +$37.2M |
|
|
SGY
337
DELISTED
Stone Energy
SGY
| $36.6M | 0.08% |
38,114
+19,030
| +100% | +$22.9M |
|
338
SBA Communications
SBAC
$18.4B
| $36.5M | 0.08% |
329,305
+61,269
| +23% | +$6.89M |
|
339
XPO
XPO
$25B
| $36.5M | 0.08% |
2,579,546
+2,399,273
| +1,331% | +$31.7M |
|
|
SF
340
Stifel
SF
$12.3B
| $36.4M | 0.08% |
1,603,420
-129,964
| -7% | -$2.75M |
|
|
CMA
341
DELISTED
Comerica
CMA
| $36.3M | 0.08% |
775,802
+760,434
| +4,948% | +$35.7M |
|
|
FMBI
342
DELISTED
First Midwest Bancorp Inc/IL
FMBI
| $36.3M | 0.08% |
2,118,914
+560,601
| +36% | +$9.31M |
|
343
Burlington
BURL
$22B
| $36.1M | 0.08% |
764,439
+754,842
| +7,865% | +$32.1M |
|
|
PEGI
344
DELISTED
Pattern Energy Group Inc. Class A
PEGI
| $36.1M | 0.08% |
1,464,851
-5,485
| -0.4% | -$148K |
|
|
ABMD
345
DELISTED
Abiomed Inc
ABMD
| $36M | 0.08% |
947,170
-192,895
| -17% | -$6.08M |
|
|
SLCA
346
DELISTED
U.S. SILICA HOLDINGS, INC.
SLCA
| $36M | 0.08% |
1,402,353
+1,151,141
| +458% | +$45.5M |
|
|
WFT
347
DELISTED
Weatherford International plc
WFT
| $35.9M | 0.08% |
3,138,543
-738,795
| -19% | -$11.1M |
|
348
East-West Bancorp
EWBC
$17.9B
| $35.9M | 0.08% |
927,204
-869,570
| -48% | -$31.5M |
|
|
BERY
349
DELISTED
Berry Global Group, Inc.
BERY
| $35.7M | 0.08% |
1,233,851
+881,346
| +250% | +$22.1M |
|
350
SM Energy
SM
$7.96B
| $35.5M | 0.08% |
919,665
+705,582
| +330% | +$35.3M |
|
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Millennium Management's Q4 2014 Portfolio in Review
As of Q4 2014, Millennium Management held 4,655 positions worth $47.2B, up 19% from $39.5B the previous quarter. Its ten largest holdings account for 9.1% of the portfolio.
Millennium Management deployed $7.43B of net new capital in Q4 2014, opening 1,009 new positions and adding to 1,528 existing holdings. Its largest new stake was Coca-Cola: 2,223,712 shares worth $93.9M.
By sector, the portfolio is most concentrated in Healthcare at 14% of assets, up from 12% a quarter earlier, followed by Energy and Financials.
On the sell side, the largest reduction was Baker Hughes, an estimated $255M trimmed.
- Millennium Management's largest Q4 2014 buy was Coca-Cola: 2,223,712 shares worth $93.9M.
- Millennium Management added most to CAMERON INTERNATIONAL CORPORATION in Q4 2014, an estimated $294M increase.
- Millennium Management's biggest Q4 2014 reduction was Baker Hughes, cutting an estimated $255M.
- Millennium Management fully exited COVIDIEN PLC COM SHS NEW (IRELAND) in Q4 2014, selling an estimated $69M.
- Millennium Management's ten largest holdings make up 9.1% of its $47.2B portfolio in Q4 2014.
- Millennium Management opened 1,009 new positions and closed 792 in Q4 2014.
- Millennium Management's portfolio value rose 19% quarter-over-quarter to $47.2B.
Based on Millennium Management's 13F filing for Q4 2014, filed 17 Feb 2015.