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 | |
|---|---|---|---|---|---|---|
101
BioMarin Pharmaceuticals
BMRN
$11.5B
| $82.8M | 0.18% |
916,432
+229,533
| +33% | +$19.1M |
|
|
XL
102
DELISTED
XL Group Ltd.
XL
| $82M | 0.17% |
2,386,351
+129,853
| +6% | +$4.43M |
|
|
MNK
103
DELISTED
MALLINCKRODT PUBLIC LIMITED COMPANY
MNK
| $82M | 0.17% |
827,582
-431,180
| -34% | -$39.6M |
|
104
Quest Diagnostics
DGX
$25.1B
| $81.9M | 0.17% |
1,220,779
+1,210,779
| +12,108% | +$76.4M |
|
105
Universal Health Services
UHS
$9.43B
| $81.8M | 0.17% |
735,191
+368,874
| +101% | +$38.7M |
|
106
Capital One
COF
$124B
| $81.2M | 0.17% |
983,974
+311,105
| +46% | +$25.3M |
|
|
NFX
107
DELISTED
Newfield Exploration
NFX
| $81.2M | 0.17% |
2,993,200
+785,683
| +36% | +$23.3M |
|
108
Equinor
EQNR
$95.9B
| $81.1M | 0.17% |
4,605,616
+3,701,581
| +409% | +$78.9M |
|
109
Bread Financial
BFH
$4.21B
| $80.8M | 0.17% |
353,756
+46,365
| +15% | +$10.1M |
|
110
Molson Coors Class B
TAP
$7.68B
| $80.4M | 0.17% |
1,079,381
+535,422
| +98% | +$39.7M |
|
111
Intercontinental Exchange
ICE
$82.4B
| $80.3M | 0.17% |
1,832,000
+1,114,295
| +155% | +$47.7M |
|
|
SWN
112
DELISTED
Southwestern Energy Company
SWN
| $79.4M | 0.17% |
2,908,529
+735,594
| +34% | +$23.6M |
|
113
Elevance Health
ELV
$81.9B
| $79M | 0.17% |
628,412
+495,772
| +374% | +$61.3M |
|
|
CBST
114
DELISTED
CUBIST PHARMACEUTICALS INC
CBST
| $78.9M | 0.17% |
783,465
+748,835
| +2,162% | +$58.2M |
|
|
LQ
115
DELISTED
La Quinta Holdings Inc.
LQ
| $78.3M | 0.17% |
3,548,847
+2,697,349
| +317% | +$55.4M |
|
|
LVLT
116
DELISTED
Level 3 Communications Inc
LVLT
| $78M | 0.17% |
1,579,877
-95,174
| -6% | -$4.4M |
|
117
Nabors Industries
NBR
$1.23B
| $77.4M | 0.16% |
119,185
+51,892
| +77% | +$41.1M |
|
|
MRO
118
DELISTED
Marathon Oil Corporation
MRO
| $77M | 0.16% |
2,720,083
-2,109,562
| -44% | -$67.1M |
|
|
ETP
119
CALL
DELISTED
Energy Transfer Partners L.p.
ETP
| $76.9M | 0.16% |
1,182,700
+296,200
| +33% | +$18.9M |
|
120
Cooper Companies
COO
$13.7B
| $76.3M | 0.16% |
1,883,516
-812,020
| -30% | -$32.6M |
|
121
FedEx
FDX
$74.5B
| $76.2M | 0.16% |
438,524
+261,604
| +148% | +$44.2M |
|
122
AstraZeneca
AZN
$263B
| $75.9M | 0.16% |
1,079,044
+904,479
| +518% | +$64.8M |
|
|
DFS
123
DELISTED
Discover Financial Services
DFS
| $75.4M | 0.16% |
+1,150,908
| New | +$73.9M |
|
124
Huntsman Corp
HUN
$2.24B
| $75M | 0.16% |
3,290,735
+2,089,564
| +174% | +$50.7M |
|
|
125
AbbVie
ABBV
$458B
| $74.4M | 0.16% |
1,136,768
-3,155,201
| -74% | -$199M |
|
Similar funds
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.