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 | |
|---|---|---|---|---|---|---|
|
IPG
501
DELISTED
Interpublic Group of Companies
IPG
| $25.2M | 0.05% |
1,215,213
-443,789
| -27% | -$8.53M |
|
502
Global Payments
GPN
$22.1B
| $25.2M | 0.05% |
624,366
+461,790
| +284% | +$18.5M |
|
|
VGR
503
DELISTED
Vector Group Ltd.
VGR
| $25.1M | 0.05% |
2,120,060
+1,887,986
| +814% | +$22.5M |
|
504
CALL
Energy Transfer Partners
ET
$70.1B
| $25.1M | 0.05% |
873,800
+64,200
| +8% | +$1.85M |
|
505
Kite Realty
KRG
$5.95B
| $25M | 0.05% |
870,749
+61,895
| +8% | +$1.64M |
|
506
CALL
F5
FFIV
$22.1B
| $25M | 0.05% |
191,800
-109,100
| -36% | -$13.6M |
|
|
TQNT
507
DELISTED
TRIQUINT SEMICONDUCTOR INC
TQNT
| $25M | 0.05% |
905,749
+612,545
| +209% | +$13.6M |
|
508
Dillards
DDS
$8.87B
| $24.9M | 0.05% |
+199,095
| New | +$22.2M |
|
|
SVC
509
Service Properties Trust
SVC
$1.1B
| $24.9M | 0.05% |
161,857
-36,839
| -19% | -$5.43M |
|
|
AIV
510
Aimco
AIV
$380M
| $24.9M | 0.05% |
5,023,426
+3,455,472
| +220% | +$16.4M |
|
511
Paychex
PAYX
$40.4B
| $24.8M | 0.05% |
+537,289
| New | +$24.8M |
|
|
PVTB
512
DELISTED
PrivateBancorp Inc
PVTB
| $24.8M | 0.05% |
741,311
-1,071,365
| -59% | -$33.5M |
|
513
American International
AIG
$41.9B
| $24.7M | 0.05% |
440,478
+36,443
| +9% | +$1.95M |
|
|
GRFS
514
Grifois
GRFS
$5.16B
| $24.6M | 0.05% |
1,447,768
-999,612
| -41% | -$17.2M |
|
|
NVO
515
Novo Nordisk
NVO
$216B
| $24.6M | 0.05% |
+1,161,092
| New | +$25.9M |
|
|
WLB
516
DELISTED
Westmoreland Coal Company
WLB
| $24.5M | 0.05% |
736,817
+289,763
| +65% | +$10.1M |
|
517
Teleflex
TFX
$5.85B
| $24.4M | 0.05% |
212,247
+123,446
| +139% | +$14M |
|
|
HT
518
DELISTED
Hersha Hospitality Trust Priority Class A Common Shares of Beneficial Interest
HT
| $24.4M | 0.05% |
866,314
+564,944
| +187% | +$16M |
|
|
CWEI
519
DELISTED
Clayton Williams Energy, Inc.
CWEI
| $24.4M | 0.05% |
381,709
+114,686
| +43% | +$8.37M |
|
|
VSI
520
DELISTED
Vitamin Shoppe Inc.
VSI
| $24.3M | 0.05% |
500,537
+425,355
| +566% | +$19.5M |
|
521
WEX
WEX
$6.11B
| $24.1M | 0.05% |
243,580
+41,830
| +21% | +$4.46M |
|
|
PNK
522
DELISTED
Pinnacle Entertainment Inc.
PNK
| $24.1M | 0.05% |
1,082,567
+585,846
| +118% | +$13.6M |
|
|
JNS
523
DELISTED
Janus Capital Group Inc
JNS
| $24.1M | 0.05% |
1,492,874
+1,092,171
| +273% | +$16.4M |
|
524
Fidelity National Information Services
FIS
$21.5B
| $24M | 0.05% |
385,518
-977,123
| -72% | -$57.4M |
|
525
Jabil
JBL
$32.8B
| $23.9M | 0.05% |
1,095,501
+976,388
| +820% | +$19.9M |
|
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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.