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 | |
|---|---|---|---|---|---|---|
1326
PUT
Nike
NKE
$61.9B
| $4.7M | 0.01% |
+105,400
| New | +$4.18M |
|
|
COBZ
1327
DELISTED
CoBiz Financial,Inc
COBZ
| $4.7M | 0.01% |
420,326
+17,616
| +4% | +$200K |
|
|
PRMW
1328
DELISTED
Primo Water Corporation
PRMW
| $4.7M | 0.01% |
683,853
+541,967
| +382% | +$3.92M |
|
|
SLXP
1329
PUT
DELISTED
SALIX PHARMACEUTICALS LTD DEL
SLXP
| $4.69M | 0.01% |
+30,000
| New | +$4.35M |
|
|
UNTD
1330
DELISTED
UNITED ONLINE INC COM NEW
UNTD
| $4.68M | 0.01% |
427,812
+71,440
| +20% | +$809K |
|
|
HTS
1331
DELISTED
HATTERAS FINANCIAL CORP
HTS
| $4.68M | 0.01% |
260,783
-36,760
| -12% | -$714K |
|
1332
Winnebago Industries
WGO
$856M
| $4.68M | 0.01% |
214,876
+183,987
| +596% | +$4.5M |
|
1333
Benchmark Electronics
BHE
$2.87B
| $4.66M | 0.01% |
209,998
+173,102
| +469% | +$4.2M |
|
1334
Ciena
CIEN
$53.4B
| $4.65M | 0.01% |
278,272
-220,814
| -44% | -$4.33M |
|
|
NPBC
1335
DELISTED
NATL PENN BANCSHARES INC
NPBC
| $4.64M | 0.01% |
478,385
+401,327
| +521% | +$4.09M |
|
1336
Jacobs Solutions
J
$15.9B
| $4.63M | 0.01% |
114,731
-280,825
| -71% | -$12.2M |
|
1337
Oxford Industries
OXM
$566M
| $4.63M | 0.01% |
75,930
-26,089
| -26% | -$1.65M |
|
|
WPZ
1338
CALL
DELISTED
Williams Partners L.P.
WPZ
| $4.61M | 0.01% |
+76,923
| New | +$4.55M |
|
1339
CALL
Blackstone
BX
$102B
| $4.61M | 0.01% |
+149,284
| New | +$4.86M |
|
|
CMCM
1340
Cheetah Mobile
CMCM
$86.6M
| $4.61M | 0.01% |
50,515
+45,859
| +985% | +$5.34M |
|
1341
PUT
iShares China Large-Cap ETF
FXI
$4.37B
| $4.59M | 0.01% |
+120,000
| New | +$4.81M |
|
|
BNNY
1342
CALL
DELISTED
ANNIES INC COMMON STOCK (DE)
BNNY
| $4.59M | 0.01% |
+100,000
| New | +$3.5M |
|
1343
Vanguard FTSE Europe ETF
VGK
$30.7B
| $4.58M | 0.01% |
83,030
-6,889
| -8% | -$398K |
|
|
TOO
1344
PUT
DELISTED
Teekay Offshore Partners L.P.
TOO
| $4.58M | 0.01% |
136,300
| – | – |
|
1345
MDU Resources
MDU
$4.17B
| $4.56M | 0.01% |
431,209
-281,784
| -40% | -$3.35M |
|
1346
British American Tobacco
BTI
$131B
| $4.56M | 0.01% |
80,624
+50,162
| +165% | +$2.97M |
|
|
AMRN
1347
Amarin Corp
AMRN
$299M
| $4.55M | 0.01% |
208,948
+152,701
| +271% | +$4.97M |
|
1348
United Parks & Resorts
PRKS
$2.1B
| $4.55M | 0.01% |
236,521
-507,689
| -68% | -$12.1M |
|
1349
Comstock Resources
CRK
$3.89B
| $4.54M | 0.01% |
48,743
+34,003
| +231% | +$4.04M |
|
|
TEP
1350
DELISTED
Tallgrass Energy Partners, LP
TEP
| $4.53M | 0.01% |
+100,000
| New | +$4.23M |
|
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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.