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 | |
|---|---|---|---|---|---|---|
1051
Urban Outfitters
URBN
$6.35B
| $7.31M | 0.02% |
199,133
+79,158
| +66% | +$2.91M |
|
1052
Cabot Corp
CBT
$4.54B
| $7.3M | 0.02% |
143,776
+4,352
| +3% | +$239K |
|
1053
Diamondrock Hospitality Co
DRH
$2.71B
| $7.3M | 0.02% |
575,399
+401,350
| +231% | +$5.2M |
|
|
RNA
1054
DELISTED
PROSENSA HLDGS N V ORD SHS (NLD)
RNA
| $7.29M | 0.02% |
864,896
-22,657
| -3% | -$215K |
|
1055
Broadridge
BR
$17.8B
| $7.29M | 0.02% |
175,047
+126,162
| +258% | +$5.24M |
|
1056
Oceaneering
OII
$4.86B
| $7.28M | 0.02% |
111,747
+107,247
| +2,383% | +$7.41M |
|
1057
Synaptics
SYNA
$4.19B
| $7.27M | 0.02% |
99,289
+3,696
| +4% | +$301K |
|
|
APOL
1058
DELISTED
Apollo Education Group Inc Class A
APOL
| $7.27M | 0.02% |
+289,001
| New | +$8.04M |
|
1059
CALL
Yum! Brands
YUM
$41.8B
| $7.22M | 0.02% |
139,517
+123,103
| +750% | +$6.55M |
|
1060
AutoNation
AN
$7.11B
| $7.22M | 0.02% |
143,495
-143,339
| -50% | -$7.85M |
|
1061
Oil States International
OIS
$489M
| $7.15M | 0.02% |
115,516
-146,190
| -56% | -$9.17M |
|
|
SEM
1062
DELISTED
Select Medical
SEM
| $7.15M | 0.02% |
1,102,993
+487,304
| +79% | +$3.76M |
|
|
AAT
1063
American Assets Trust
AAT
$1.45B
| $7.11M | 0.02% |
215,769
+119,083
| +123% | +$4.13M |
|
|
VAR
1064
CALL
DELISTED
Varian Medical Systems, Inc.
VAR
| $7.11M | 0.02% |
+101,152
| New | +$7.45M |
|
|
TIBX
1065
DELISTED
TIBCO SOFTWARE INC
TIBX
| $7.09M | 0.02% |
300,103
-648,722
| -68% | -$13.3M |
|
|
CKEC
1066
DELISTED
Carmike Cinemas Inc
CKEC
| $7.08M | 0.02% |
228,606
+44,808
| +24% | +$1.48M |
|
|
EMES
1067
PUT
DELISTED
Emerge Energy Services LP
EMES
| $7.08M | 0.02% |
61,400
| – | – |
|
1068
Jazz Pharmaceuticals
JAZZ
$15.9B
| $7.08M | 0.02% |
44,083
+31,518
| +251% | +$4.85M |
|
1069
CALL
Constellation Brands
STZ
$22.2B
| $7.08M | 0.02% |
81,200
-96,500
| -54% | -$8.39M |
|
1070
Sanmina
SANM
$9.95B
| $7.05M | 0.02% |
+338,186
| New | +$7.87M |
|
1071
Alto Ingredients
ALTO
$369M
| $6.98M | 0.02% |
+499,832
| New | +$9.4M |
|
1072
CALL
SPDR Gold Trust
GLD
$131B
| $6.97M | 0.02% |
60,000
+20,000
| +50% | +$2.47M |
|
|
STKL
1073
DELISTED
SunOpta
STKL
| $6.97M | 0.02% |
577,616
+232,015
| +67% | +$3.06M |
|
1074
Fossil Group
FOSL
$293M
| $6.97M | 0.02% |
74,226
-383
| -0.5% | -$38.6K |
|
1075
MetLife
MET
$61.9B
| $6.96M | 0.02% |
145,317
-259,891
| -64% | -$12.6M |
|
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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.