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 | |
|---|---|---|---|---|---|---|
|
HLSS
1026
DELISTED
HOME LN SERVICING SOLUTIONS LTD(CAYMAN ISLANDS)
HLSS
| $7.55M | 0.02% |
356,345
-322,870
| -48% | -$7.13M |
|
|
CBI
1027
DELISTED
Chicago Bridge & Iron Nv
CBI
| $7.53M | 0.02% |
130,074
+16,114
| +14% | +$1.02M |
|
1028
Cousins Properties
CUZ
$5.19B
| $7.52M | 0.02% |
223,015
+181,182
| +433% | +$6.45M |
|
|
NS
1029
CALL
DELISTED
NuStar Energy L.P.
NS
| $7.52M | 0.02% |
114,000
+44,000
| +63% | +$2.85M |
|
|
ISLE
1030
DELISTED
Isle of Capri Casinos Inc
ISLE
| $7.5M | 0.02% |
1,000,612
+977,164
| +4,167% | +$7.92M |
|
1031
Nokia
NOK
$51B
| $7.5M | 0.02% |
886,923
-2,500,225
| -74% | -$20.1M |
|
1032
Skyworks Solutions
SWKS
$9.37B
| $7.5M | 0.02% |
129,177
-721,499
| -85% | -$38.5M |
|
|
BWP
1033
CALL
DELISTED
Boardwalk Pipeline Partners
BWP
| $7.48M | 0.02% |
400,000
-550,000
| -58% | -$10.5M |
|
|
CELG
1034
CALL
DELISTED
Celgene Corp
CELG
| $7.47M | 0.02% |
78,800
-10,200
| -11% | -$920K |
|
|
BBL
1035
DELISTED
BHP Group Plc American Depositary Shares (Each representing two Ordinary Shares)
BBL
| $7.45M | 0.02% |
134,161
+72,316
| +117% | +$4.7M |
|
1036
ABM Industries
ABM
$2.81B
| $7.44M | 0.02% |
289,452
+125,892
| +77% | +$3.3M |
|
|
ANDV
1037
DELISTED
Andeavor
ANDV
| $7.41M | 0.02% |
121,549
+58,927
| +94% | +$3.63M |
|
|
KW
1038
DELISTED
Kennedy-Wilson Holdings
KW
| $7.41M | 0.02% |
309,202
+160,937
| +109% | +$4.06M |
|
1039
UDR
UDR
$12.3B
| $7.4M | 0.02% |
271,507
+52,457
| +24% | +$1.52M |
|
|
HNT
1040
DELISTED
HEALTH NET INC
HNT
| $7.39M | 0.02% |
160,294
-520,229
| -76% | -$23.1M |
|
|
BIN
1041
DELISTED
PROGRESSIVE WASTE SOLUTIONS LTD COM
BIN
| $7.38M | 0.02% |
286,468
+19,999
| +8% | +$508K |
|
|
WCG
1042
DELISTED
Wellcare Health Plans, Inc.
WCG
| $7.38M | 0.02% |
122,329
-393,245
| -76% | -$26.1M |
|
1043
TC Energy
TRP
$70.2B
| $7.38M | 0.02% |
143,112
+8,037
| +6% | +$415K |
|
|
SQNM
1044
DELISTED
SEQUENOM INC NEW
SQNM
| $7.37M | 0.02% |
2,482,513
+1,415,997
| +133% | +$5.18M |
|
1045
Korn Ferry
KFY
$4.18B
| $7.37M | 0.02% |
296,056
+182,898
| +162% | +$5.38M |
|
1046
CALL
Incyte
INCY
$24.2B
| $7.36M | 0.02% |
150,000
-5,100
| -3% | -$256K |
|
1047
Targa Resources
TRGP
$58B
| $7.36M | 0.02% |
+54,037
| New | +$7.42M |
|
1048
Teradata
TDC
$2.92B
| $7.33M | 0.02% |
174,985
-230,157
| -57% | -$9.9M |
|
1049
CoreCivic
CXW
$2.96B
| $7.33M | 0.02% |
213,275
-14,031
| -6% | -$483K |
|
1050
TransDigm Group
TDG
$70.2B
| $7.31M | 0.02% |
+39,669
| New | +$7.08M |
|
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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.