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 | |
|---|---|---|---|---|---|---|
|
SIRO
1626
DELISTED
SIRONA DENTAL SYSTEMS INC COM STK
SIRO
| $2.88M | 0.01% |
+37,594
| New | +$3.02M |
|
|
MTGE
1627
DELISTED
MTGE Investment Corp. Common Stock
MTGE
| $2.88M | 0.01% |
153,076
-254,201
| -62% | -$5.09M |
|
|
LORL
1628
PUT
DELISTED
Loral Space and Communications, Inc.
LORL
| $2.88M | 0.01% |
40,100
| – | – |
|
1629
Comtech Telecommunications
CMTL
$50.3M
| $2.88M | 0.01% |
77,449
-18,158
| -19% | -$663K |
|
1630
Murphy USA
MUSA
$11.2B
| $2.88M | 0.01% |
54,204
-59,642
| -52% | -$3.08M |
|
|
BKCC
1631
DELISTED
BlackRock Capital Investment Corporation
BKCC
| $2.87M | 0.01% |
336,547
+137,624
| +69% | +$1.24M |
|
|
HPTX
1632
DELISTED
HYPERION THERAPEUTICS INC COM STK (DE)
HPTX
| $2.87M | 0.01% |
113,633
+38,245
| +51% | +$950K |
|
1633
3D Systems Corp
DDD
$431M
| $2.86M | 0.01% |
+61,697
| New | +$3.22M |
|
|
VGR
1634
DELISTED
Vector Group Ltd.
VGR
| $2.86M | 0.01% |
232,074
-342,603
| -60% | -$4.02M |
|
|
PNNT
1635
Pennant Park Investment Corp
PNNT
$215M
| $2.85M | 0.01% |
261,416
+101,592
| +64% | +$1.17M |
|
1636
Cumberland Pharmaceuticals
CPIX
$100M
| $2.84M | 0.01% |
575,000
+69,696
| +14% | +$337K |
|
1637
BioCryst Pharmaceuticals
BCRX
$2.28B
| $2.84M | 0.01% |
290,114
+141,816
| +96% | +$1.74M |
|
|
MEG
1638
DELISTED
Media General, Inc
MEG
| $2.83M | 0.01% |
+216,069
| New | +$3.88M |
|
1639
H&R Block
HRB
$5.58B
| $2.83M | 0.01% |
91,229
-283,060
| -76% | -$9.23M |
|
1640
Gildan
GIL
$10.3B
| $2.82M | 0.01% |
+103,224
| New | +$2.98M |
|
1641
Logitech
LOGI
$14.7B
| $2.82M | 0.01% |
219,692
+62,023
| +39% | +$844K |
|
1642
PUT
GoPro
GPRO
$130M
| $2.81M | 0.01% |
+30,000
| New | +$1.53M |
|
|
ISIL
1643
DELISTED
Intersil Corp
ISIL
| $2.81M | 0.01% |
197,515
+152,732
| +341% | +$2.22M |
|
|
SYA
1644
DELISTED
SYMETRA FINANCIAL CORPORATION COMMON STOCK
SYA
| $2.79M | 0.01% |
119,589
+53,712
| +82% | +$1.25M |
|
|
MTEM
1645
DELISTED
Molecular Templates, Inc.
MTEM
| $2.79M | 0.01% |
4,683
+913
| +24% | +$632K |
|
1646
PUT
Plains GP Holdings
PAGP
$5.21B
| $2.79M | 0.01% |
34,134
-69,621
| -67% | -$5.66M |
|
1647
ServiceNow
NOW
$115B
| $2.78M | 0.01% |
236,510
-617,180
| -72% | -$7.28M |
|
1648
Cathay General Bancorp
CATY
$4.22B
| $2.78M | 0.01% |
+111,932
| New | +$2.89M |
|
|
KTWO
1649
DELISTED
K2M Group Holdings, Inc
KTWO
| $2.78M | 0.01% |
192,518
+150,254
| +356% | +$2.26M |
|
|
CNW
1650
DELISTED
CON-WAY INC.
CNW
| $2.78M | 0.01% |
58,433
+11,433
| +24% | +$576K |
|
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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.