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 | |
|---|---|---|---|---|---|---|
|
CAB
1601
DELISTED
Cabela's Inc
CAB
| $3.01M | 0.01% |
+51,084
| New | +$3.06M |
|
1602
CALL
lululemon athletica
LULU
$13.5B
| $3.01M | 0.01% |
71,600
+31,200
| +77% | +$1.26M |
|
1603
World Kinect Corp
WKC
$2.04B
| $3M | 0.01% |
+75,117
| New | +$3.36M |
|
|
PNRA
1604
DELISTED
Panera Bread Co
PNRA
| $3M | 0.01% |
18,413
-271,637
| -94% | -$41M |
|
1605
CALL
Amgen
AMGN
$208B
| $2.99M | 0.01% |
21,300
+1,300
| +7% | +$170K |
|
1606
CALL
Meta Platforms (Facebook)
META
$1.42T
| $2.98M | 0.01% |
37,700
| – | – |
|
|
RVNC
1607
DELISTED
Revance Therapeutics, Inc.
RVNC
| $2.98M | 0.01% |
153,984
+33,511
| +28% | +$873K |
|
|
CYS
1608
DELISTED
CYS Investments Inc.
CYS
| $2.97M | 0.01% |
360,880
+252,914
| +234% | +$2.28M |
|
1609
Main Street Capital
MAIN
$5.06B
| $2.97M | 0.01% |
97,025
+25,106
| +35% | +$802K |
|
|
HCT
1610
DELISTED
AMRICAN RLTY CAP HEALTHCARE TRUST INC. COMMON STOCK
HCT
| $2.96M | 0.01% |
+282,719
| New | +$3.04M |
|
|
ENH
1611
DELISTED
Endurance Specialty Holdings Ltd
ENH
| $2.96M | 0.01% |
53,661
-55,523
| -51% | -$3.07M |
|
|
LOGM
1612
DELISTED
LogMein, Inc.
LOGM
| $2.96M | 0.01% |
64,180
+9,879
| +18% | +$426K |
|
1613
MBIA
MBI
$261M
| $2.95M | 0.01% |
320,866
-527,981
| -62% | -$5.19M |
|
1614
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$15.9B
| $2.94M | 0.01% |
32,006
-4,721
| -13% | -$441K |
|
1615
LCI Industries
LCII
$2.49B
| $2.94M | 0.01% |
69,735
+58,032
| +496% | +$2.63M |
|
1616
PUT
Leidos
LDOS
$14.5B
| $2.94M | 0.01% |
85,700
+67,400
| +368% | +$2.48M |
|
|
RRTS
1617
DELISTED
RoadRunner Transportation Systems, Inc.
RRTS
| $2.94M | 0.01% |
5,156
+4,610
| +844% | +$3M |
|
1618
Analog Devices
ADI
$179B
| $2.94M | 0.01% |
59,331
-348,143
| -85% | -$17.8M |
|
1619
CALL
RH
RH
$3.13B
| $2.94M | 0.01% |
36,900
+17,200
| +87% | +$1.44M |
|
|
1620
CALL
Leidos
LDOS
$14.5B
| $2.93M | 0.01% |
85,300
+72,000
| +541% | +$2.65M |
|
|
TCF
1621
DELISTED
TCF Financial Corporation
TCF
| $2.91M | 0.01% |
187,496
-598,712
| -76% | -$9.56M |
|
1622
Check Point Software Technologies
CHKP
$13B
| $2.9M | 0.01% |
41,935
-53,719
| -56% | -$3.66M |
|
|
SOHU
1623
Sohu.com
SOHU
$362M
| $2.9M | 0.01% |
57,645
-61,718
| -52% | -$3.49M |
|
|
SHLM
1624
DELISTED
Schulman (A.) Inc
SHLM
| $2.89M | 0.01% |
+79,958
| New | +$3.16M |
|
1625
PUT
Five Below
FIVE
$12B
| $2.88M | 0.01% |
+72,800
| New | +$2.83M |
|
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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.