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 | |
|---|---|---|---|---|---|---|
|
AF
851
DELISTED
Astoria Financial Corporation
AF
| $12.7M | 0.03% |
948,152
-176,428
| -16% | -$2.28M |
|
852
Penske Automotive Group
PAG
$14.3B
| $12.6M | 0.03% |
256,241
-189,974
| -43% | -$8.67M |
|
853
First Financial Bancorp
FFBC
$3.55B
| $12.5M | 0.03% |
672,950
-74,014
| -10% | -$1.28M |
|
854
Antero Resources
AR
$10.9B
| $12.5M | 0.03% |
308,026
+273,521
| +793% | +$13.1M |
|
|
PLCM
855
DELISTED
POLYCOM INC
PLCM
| $12.5M | 0.03% |
925,357
+438,246
| +90% | +$5.59M |
|
856
CALL
Valero Energy
VLO
$89.8B
| $12.5M | 0.03% |
251,600
-17,700
| -7% | -$857K |
|
857
O-I Glass
OI
$1.39B
| $12.4M | 0.03% |
461,235
+167,850
| +57% | +$4.31M |
|
858
Northrop Grumman
NOC
$77B
| $12.4M | 0.03% |
84,372
-13,179
| -14% | -$1.81M |
|
|
EJ
859
DELISTED
E HOUSE (CHINA) HOLDINGS LIMITED
EJ
| $12.4M | 0.03% |
1,711,330
+1,674,973
| +4,607% | +$14.4M |
|
|
BBT
860
Beacon Financial Corp
BBT
$2.53B
| $12.4M | 0.03% |
464,482
+76,607
| +20% | +$1.92M |
|
861
Harley-Davidson
HOG
$2.68B
| $12.4M | 0.03% |
187,622
-266,568
| -59% | -$17.2M |
|
|
BRCD
862
DELISTED
Brocade Communications Systems, Inc. NEW
BRCD
| $12.3M | 0.03% |
1,040,764
+596,748
| +134% | +$6.48M |
|
863
BGC Group
BGC
$5.58B
| $12.3M | 0.03% |
2,091,722
+716,752
| +52% | +$3.85M |
|
864
CoreCivic
CXW
$3.1B
| $12.3M | 0.03% |
338,068
+124,793
| +59% | +$4.49M |
|
865
Silicon Laboratories
SLAB
$7.15B
| $12.3M | 0.03% |
257,395
+44,847
| +21% | +$1.98M |
|
866
Charles River Laboratories
CRL
$10.9B
| $12.2M | 0.03% |
192,175
+87,032
| +83% | +$5.46M |
|
|
MDRX
867
DELISTED
Veradigm Inc. Common Stock
MDRX
| $12.2M | 0.03% |
956,880
+114,945
| +14% | +$1.46M |
|
|
AHT
868
Ashford Hospitality Trust
AHT
$21M
| $12.2M | 0.03% |
1,179
+539
| +84% | +$5.43M |
|
|
ADVS
869
DELISTED
Advent Software Inc
ADVS
| $12.2M | 0.03% |
397,523
+273,987
| +222% | +$8.75M |
|
|
ERF
870
DELISTED
Enerplus Corporation
ERF
| $12.2M | 0.03% |
1,267,831
+939,800
| +286% | +$12.7M |
|
871
Gentherm
THRM
$1.31B
| $12.2M | 0.03% |
331,903
+323,203
| +3,715% | +$12.6M |
|
872
Huron Consulting
HURN
$1.82B
| $12.1M | 0.03% |
177,402
-135,498
| -43% | -$9.06M |
|
|
ESRX
873
DELISTED
Express Scripts Holding Company
ESRX
| $12.1M | 0.03% |
143,296
-158,187
| -52% | -$12.4M |
|
874
Arch Capital
ACGL
$36.1B
| $12.1M | 0.03% |
614,580
-637,464
| -51% | -$12.1M |
|
875
CF Industries
CF
$19.2B
| $12.1M | 0.03% |
221,500
-1,643,690
| -88% | -$86.7M |
|
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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.