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 | |
|---|---|---|---|---|---|---|
|
GRMN
1151
Garmin
GRMN
$56.7B
| $6.25M | 0.02% |
120,205
-86,281
| -42% | -$4.78M |
|
|
PLKI
1152
DELISTED
Popeyes Louisiana Kitchen, Inc.
PLKI
| $6.25M | 0.02% |
154,257
-17,400
| -10% | -$707K |
|
1153
InterDigital
IDCC
$7.87B
| $6.24M | 0.02% |
156,790
+151,490
| +2,858% | +$6.67M |
|
1154
Brown & Brown
BRO
$23.6B
| $6.24M | 0.02% |
387,840
-548,162
| -59% | -$8.68M |
|
1155
Hawaiian Electric Industries
HE
$2.23B
| $6.23M | 0.02% |
234,666
-66,981
| -22% | -$1.66M |
|
|
ERF
1156
DELISTED
Enerplus Corporation
ERF
| $6.22M | 0.02% |
328,031
+262,811
| +403% | +$5.76M |
|
1157
Stride
LRN
$3.41B
| $6.21M | 0.02% |
389,412
+297,273
| +323% | +$6.03M |
|
1158
Acadia Realty Trust
AKR
$3.09B
| $6.2M | 0.02% |
224,868
+179,661
| +397% | +$5.1M |
|
1159
Woodward
WWD
$21.3B
| $6.2M | 0.02% |
130,198
+69,146
| +113% | +$3.5M |
|
1160
CALL
Medtronic
MDT
$109B
| $6.2M | 0.02% |
+100,000
| New | +$6.36M |
|
1161
CONMED
CNMD
$1.39B
| $6.18M | 0.02% |
167,650
-37,221
| -18% | -$1.48M |
|
1162
Teck Resources
TECK
$29.6B
| $6.14M | 0.02% |
+325,172
| New | +$7.38M |
|
1163
PNC Financial Services
PNC
$99.7B
| $6.13M | 0.02% |
71,596
-741,501
| -91% | -$63M |
|
1164
Sinclair Inc
SBGI
$992M
| $6.11M | 0.02% |
+234,342
| New | +$7.19M |
|
1165
Navient
NAVI
$789M
| $6.11M | 0.02% |
345,057
+331,939
| +2,530% | +$5.84M |
|
1166
CBRE Group
CBRE
$42.5B
| $6.11M | 0.02% |
205,403
+54,252
| +36% | +$1.71M |
|
|
CLD
1167
DELISTED
Cloud Peak Energy Inc
CLD
| $6.11M | 0.02% |
484,011
+236,683
| +96% | +$3.58M |
|
|
AHT
1168
Ashford Hospitality Trust
AHT
$20.9M
| $6.1M | 0.02% |
640
-102
| -14% | -$1.09M |
|
1169
First Interstate BancSystem
FIBK
$3.69B
| $6.09M | 0.02% |
229,351
+55,355
| +32% | +$1.48M |
|
1170
Imperial Oil
IMO
$62.7B
| $6.09M | 0.02% |
+128,993
| New | +$6.63M |
|
|
CBD
1171
DELISTED
Companhia Brasileira de Distribuicao
CBD
| $6.06M | 0.02% |
138,996
+109,164
| +366% | +$5.25M |
|
1172
PUT
Bausch Health
BHC
$2.58B
| $6.06M | 0.02% |
+46,200
| New | +$5.51M |
|
1173
ConocoPhillips
COP
$147B
| $6.04M | 0.02% |
+78,874
| New | +$6.45M |
|
|
RSPP
1174
DELISTED
RSP Permian, Inc.
RSPP
| $6.02M | 0.02% |
235,487
-706,972
| -75% | -$19.7M |
|
1175
RE/MAX Holdings
RMAX
$193M
| $5.99M | 0.02% |
+201,332
| New | +$5.99M |
|
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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.