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 | |
|---|---|---|---|---|---|---|
101
Applied Materials
AMAT
$398B
| $71.8M | 0.18% |
3,323,095
+2,259,011
| +212% | +$50M |
|
102
Ovintiv
OVV
$17B
| $71.7M | 0.18% |
675,904
+237,015
| +54% | +$26.1M |
|
|
DTV
103
DELISTED
DIRECTV COM STK (DE)
DTV
| $71.6M | 0.18% |
827,397
+456,997
| +123% | +$39.3M |
|
|
ICPT
104
DELISTED
Intercept Pharmaceuticals, Inc.
ICPT
| $71.5M | 0.18% |
302,012
+293,732
| +3,547% | +$74.9M |
|
105
Duke Energy
DUK
$98.4B
| $71.3M | 0.18% |
953,872
+819,338
| +609% | +$59.8M |
|
106
Brookdale Senior Living
BKD
$3.49B
| $71M | 0.18% |
2,204,786
+889,686
| +68% | +$30.3M |
|
107
Danaher
DHR
$138B
| $70.8M | 0.18% |
1,386,140
-544,922
| -28% | -$28M |
|
108
Arthur J. Gallagher & Co
AJG
$65.9B
| $70.7M | 0.18% |
1,558,160
+11,836
| +0.8% | +$544K |
|
109
PVH
PVH
$4.01B
| $67.9M | 0.17% |
560,189
+175,131
| +45% | +$20.5M |
|
110
Steel Dynamics
STLD
$36.2B
| $67.8M | 0.17% |
3,000,410
+453,195
| +18% | +$9.91M |
|
111
CNO Financial Group
CNO
$4.99B
| $66.6M | 0.17% |
3,927,330
+2,208,856
| +129% | +$38M |
|
112
Diamondback Energy
FANG
$56.2B
| $65.8M | 0.17% |
880,496
+857,351
| +3,704% | +$69.5M |
|
113
Lowe's Companies
LOW
$118B
| $64.4M | 0.16% |
1,216,734
+702,620
| +137% | +$35.5M |
|
114
Best Buy
BBY
$18.5B
| $63.7M | 0.16% |
1,897,057
+1,607,674
| +556% | +$50.5M |
|
115
PBF Energy
PBF
$8.65B
| $63.7M | 0.16% |
2,653,812
+769,939
| +41% | +$20.3M |
|
116
Mondelez International
MDLZ
$80.5B
| $63.4M | 0.16% |
1,850,447
+1,327,043
| +254% | +$48.4M |
|
|
CRZO
117
DELISTED
Carrizo Oil & Gas Inc
CRZO
| $63.1M | 0.16% |
1,172,560
+745,297
| +174% | +$45.5M |
|
|
MRD
118
DELISTED
MEMORIAL RESOURCE DEV CORP COM STK (DE)
MRD
| $62.8M | 0.16% |
2,318,068
-1,406,117
| -38% | -$36.6M |
|
|
PF
119
DELISTED
Pinnacle Foods, Inc.
PF
| $62.7M | 0.16% |
1,921,779
+1,038,558
| +118% | +$32.9M |
|
|
ROC
120
DELISTED
ROCKWOOD HLDGS INC
ROC
| $62.7M | 0.16% |
820,086
+248,064
| +43% | +$19.8M |
|
121
Wabtec
WAB
$49.4B
| $62.3M | 0.16% |
769,117
+363,365
| +90% | +$30M |
|
|
COV
122
DELISTED
COVIDIEN PLC COM SHS NEW (IRELAND)
COV
| $62.2M | 0.16% |
719,521
-263,405
| -27% | -$23.3M |
|
123
RPC Inc
RES
$1.2B
| $61.8M | 0.16% |
2,813,034
+2,282,012
| +430% | +$51.2M |
|
124
East-West Bancorp
EWBC
$17.9B
| $61.1M | 0.15% |
1,796,774
+1,092,786
| +155% | +$37.9M |
|
125
Capri Holdings
CPRI
$1.82B
| $61M | 0.15% |
854,372
+683,842
| +401% | +$55M |
|
Similar funds
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.