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 | |
|---|---|---|---|---|---|---|
551
FTI Consulting
FCN
$4.4B
| $18M | 0.05% |
514,777
+241,116
| +88% | +$8.9M |
|
|
LVNTA
552
DELISTED
Liberty Interactive Corporation Series A Liberty Ventures
LVNTA
| $18M | 0.05% |
473,158
+307,607
| +186% | +$11.3M |
|
553
Cboe Global Markets
CBOE
$32.5B
| $17.9M | 0.05% |
334,186
+156,632
| +88% | +$8.01M |
|
554
Alliant Energy
LNT
$18.3B
| $17.8M | 0.05% |
643,196
-670,690
| -51% | -$19.3M |
|
555
Acuity Brands
AYI
$9.83B
| $17.8M | 0.05% |
151,064
+117,231
| +346% | +$13.8M |
|
|
POT
556
DELISTED
Potash Corp Of Saskatchewan
POT
| $17.7M | 0.04% |
+512,529
| New | +$18.2M |
|
557
Allison Transmission
ALSN
$9.5B
| $17.7M | 0.04% |
621,504
-67,926
| -10% | -$2.06M |
|
|
UNT
558
DELISTED
UNIT Corporation
UNT
| $17.7M | 0.04% |
301,715
-27,555
| -8% | -$1.77M |
|
|
CPN
559
DELISTED
Calpine Corporation
CPN
| $17.7M | 0.04% |
814,919
+244,397
| +43% | +$5.53M |
|
560
State Street Financial Select Sector SPDR ETF
XLF
$56.7B
| $17.7M | 0.04% |
869,386
+625,047
| +256% | +$12.6M |
|
561
Marvell Technology
MRVL
$168B
| $17.7M | 0.04% |
1,310,729
-299,134
| -19% | -$4.12M |
|
|
VALE.P
562
DELISTED
Vale S A
VALE.P
| $17.6M | 0.04% |
1,816,213
+1,432,172
| +373% | +$17M |
|
563
Dolby
DLB
$5.56B
| $17.6M | 0.04% |
+421,915
| New | +$18.7M |
|
|
SAPE
564
DELISTED
SAPIENT CORP
SAPE
| $17.6M | 0.04% |
1,255,738
+529,934
| +73% | +$7.86M |
|
565
PG&E
PCG
$38.3B
| $17.5M | 0.04% |
388,459
-406,046
| -51% | -$18.7M |
|
|
MACK
566
DELISTED
Merrimack Pharmaceuticals, Inc.
MACK
| $17.5M | 0.04% |
253,084
-8,182
| -3% | -$437K |
|
|
LPNT
567
DELISTED
LifePoint Health, Inc.
LPNT
| $17.5M | 0.04% |
252,652
-155,928
| -38% | -$11M |
|
568
Waters Corp
WAT
$37B
| $17.4M | 0.04% |
175,156
+140,641
| +407% | +$14.5M |
|
569
Ironwood Pharmaceuticals
IRWD
$696M
| $17.3M | 0.04% |
1,596,650
-2,424,438
| -60% | -$27.8M |
|
|
FCS
570
DELISTED
FAIRCHILD SEMICONDUCTOR INTL INC COMMON
FCS
| $17.2M | 0.04% |
1,110,487
+1,050,310
| +1,745% | +$17M |
|
571
Dover
DOV
$27.6B
| $17.2M | 0.04% |
265,672
+143,054
| +117% | +$10.1M |
|
572
RPM International
RPM
$13.7B
| $17.2M | 0.04% |
376,423
+116,315
| +45% | +$5.34M |
|
573
Cummins
CMI
$87.5B
| $17.2M | 0.04% |
130,558
+116,324
| +817% | +$16.8M |
|
|
NUAN
574
DELISTED
Nuance Communications, Inc.
NUAN
| $17.2M | 0.04% |
1,291,103
+889,403
| +221% | +$13.2M |
|
575
Corning
GLW
$119B
| $17.2M | 0.04% |
889,916
+624,812
| +236% | +$13M |
|
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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.