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 | |
|---|---|---|---|---|---|---|
376
Lennox International
LII
$14.5B
| $26.8M | 0.07% |
348,414
+139,309
| +67% | +$11.8M |
|
|
BIG
377
DELISTED
Big Lots, Inc.
BIG
| $26.7M | 0.07% |
620,314
-270,783
| -30% | -$12.3M |
|
|
PMT
378
PennyMac Mortgage Investment
PMT
$808M
| $26.7M | 0.07% |
1,244,069
-159,003
| -11% | -$3.47M |
|
|
CODE
379
DELISTED
SPANSION INC, CLASS A COMMON STOCK
CODE
| $26.6M | 0.07% |
1,166,380
+678,835
| +139% | +$14.4M |
|
|
WPG
380
DELISTED
Washington Prime Group Inc.
WPG
| $26.6M | 0.07% |
168,855
-1,476
| -0.9% | -$250K |
|
381
MasTec
MTZ
$20.7B
| $26.5M | 0.07% |
865,382
-138,453
| -14% | -$4.12M |
|
|
SVC
382
Service Properties Trust
SVC
$1.03B
| $26.5M | 0.07% |
198,696
+132,332
| +199% | +$19.2M |
|
383
Harley-Davidson
HOG
$2.58B
| $26.4M | 0.07% |
454,190
+428,251
| +1,651% | +$27.4M |
|
384
Sabra Healthcare REIT
SBRA
$5.33B
| $26.4M | 0.07% |
1,085,410
+221,682
| +26% | +$6.15M |
|
|
RFMD
385
DELISTED
RF MICRO DEVICES INC
RFMD
| $26.4M | 0.07% |
2,286,425
-182,625
| -7% | -$2.06M |
|
386
CALL
Williams Companies
WMB
$87B
| $26.4M | 0.07% |
476,200
+385,100
| +423% | +$22.1M |
|
387
Liberty Media Series C
FWONK
$24.6B
| $26.3M | 0.07% |
+1,046,972
| New | +$26.8M |
|
388
ManpowerGroup
MAN
$2.38B
| $26.3M | 0.07% |
375,289
+96,796
| +35% | +$7.57M |
|
|
CIT
389
DELISTED
CIT Group Inc.
CIT
| $26.2M | 0.07% |
569,002
+413,098
| +265% | +$19.6M |
|
390
Equity Lifestyle Properties
ELS
$12.6B
| $26.1M | 0.07% |
1,233,904
+1,156,720
| +1,499% | +$25.6M |
|
|
JWN
391
DELISTED
Nordstrom
JWN
| $25.9M | 0.07% |
378,817
-28,314
| -7% | -$1.95M |
|
|
CTXS
392
DELISTED
Citrix Systems Inc
CTXS
| $25.9M | 0.07% |
455,422
+401,073
| +738% | +$21.8M |
|
|
B
393
Barrick Mining
B
$62.2B
| $25.8M | 0.07% |
1,763,074
+1,043,729
| +145% | +$18.6M |
|
|
SAFM
394
DELISTED
Sanderson Farms Inc
SAFM
| $25.8M | 0.07% |
+293,167
| New | +$27.7M |
|
|
CWEI
395
DELISTED
Clayton Williams Energy, Inc.
CWEI
| $25.8M | 0.07% |
267,023
+168,644
| +171% | +$19.5M |
|
396
Northern Trust
NTRS
$22.4B
| $25.6M | 0.06% |
377,038
+316,930
| +527% | +$21.3M |
|
|
MWV
397
DELISTED
MEADWESTVACO CORP
MWV
| $25.6M | 0.06% |
625,590
+418,381
| +202% | +$17.9M |
|
398
Expedia Group
EXPE
$35B
| $25.5M | 0.06% |
290,891
-811,860
| -74% | -$68.1M |
|
399
Boston Scientific
BSX
$66.4B
| $25.3M | 0.06% |
2,138,400
-770,511
| -26% | -$9.7M |
|
|
EXL
400
DELISTED
EXCEL TRUST , INC COM STK
EXL
| $25.2M | 0.06% |
2,138,761
+773,205
| +57% | +$9.91M |
|
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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.