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 | |
|---|---|---|---|---|---|---|
|
IOC
551
CALL
DELISTED
Interoil Corporation
IOC
| $22.6M | 0.05% |
463,100
| – | – |
|
|
CVA
552
DELISTED
Covanta Holding Corporation
CVA
| $22.6M | 0.05% |
1,025,949
-662,664
| -39% | -$14.9M |
|
|
ICON
553
DELISTED
Iconix Brand Group, Inc.
ICON
| $22.6M | 0.05% |
66,818
+35,939
| +116% | +$13.6M |
|
|
PARA
554
CALL
DELISTED
Paramount Global Class B
PARA
| $22.4M | 0.05% |
+405,600
| New | +$21.6M |
|
|
TARO
555
DELISTED
Taro Pharmaceutical Industries Ltd.
TARO
| $22.4M | 0.05% |
151,077
+99,995
| +196% | +$14.7M |
|
|
SPWR
556
DELISTED
SunPower Corporation Common Stock
SPWR
| $22.3M | 0.05% |
+1,320,644
| New | +$24.5M |
|
|
TRAK
557
DELISTED
DEALERTRACK TECHNOLOGIES, INC. COM STK
TRAK
| $22.3M | 0.05% |
503,475
+394,325
| +361% | +$17.6M |
|
558
PTC
PTC
$13.7B
| $22.3M | 0.05% |
607,275
-57,544
| -9% | -$2.13M |
|
|
OUTR
559
DELISTED
OUTERWALL INC
OUTR
| $22.2M | 0.05% |
295,786
-10,736
| -4% | -$688K |
|
560
Ryder
R
$10.3B
| $22.1M | 0.05% |
238,168
-129,629
| -35% | -$11.6M |
|
|
RHT
561
DELISTED
Red Hat Inc
RHT
| $22.1M | 0.05% |
319,701
+26,749
| +9% | +$1.62M |
|
|
TTPH
562
DELISTED
Tetraphase Pharmaceuticals, Inc.
TTPH
| $22M | 0.05% |
27,752
+2,732
| +11% | +$1.47M |
|
|
VISN
563
Vistance Networks Inc
VISN
$2.66B
| $21.9M | 0.05% |
960,867
-780,880
| -45% | -$17.4M |
|
564
Pitney Bowes
PBI
$2.42B
| $21.9M | 0.05% |
899,384
-183,285
| -17% | -$4.48M |
|
|
TE
565
DELISTED
TECO ENERGY INC
TE
| $21.9M | 0.05% |
1,069,585
+867,863
| +430% | +$16.8M |
|
566
Ralph Lauren
RL
$22.2B
| $21.9M | 0.05% |
118,271
-196,750
| -62% | -$34M |
|
|
CIT
567
DELISTED
CIT Group Inc.
CIT
| $21.8M | 0.05% |
456,115
-112,887
| -20% | -$5.36M |
|
|
CMA.WS
568
DELISTED
Comerica Incorporated Ws
CMA.WS
| $21.7M | 0.05% |
1,207,596
-95,652
| -7% | -$1.7M |
|
|
CYBX
569
DELISTED
CYBERONICS INC
CYBX
| $21.7M | 0.05% |
389,187
+170,291
| +78% | +$8.91M |
|
570
Sabra Healthcare REIT
SBRA
$5.64B
| $21.6M | 0.05% |
711,353
-374,057
| -34% | -$10.3M |
|
|
CTXS
571
DELISTED
Citrix Systems Inc
CTXS
| $21.6M | 0.05% |
424,606
-30,816
| -7% | -$1.59M |
|
572
TSMC
TSM
$2.09T
| $21.6M | 0.05% |
963,830
-138,992
| -13% | -$3.03M |
|
|
WCC
573
WESCO International
WCC
$16.2B
| $21.6M | 0.05% |
282,972
+196,640
| +228% | +$15.5M |
|
|
WPG
574
DELISTED
Washington Prime Group Inc.
WPG
| $21.4M | 0.05% |
138,113
-30,742
| -18% | -$4.76M |
|
|
TGI
575
DELISTED
Triumph Group
TGI
| $21.3M | 0.05% |
+316,607
| New | +$20.8M |
|
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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.