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 | |
|---|---|---|---|---|---|---|
1676
American States Water
AWR
$3.36B
| $2.68M | 0.01% |
+88,046
| New | +$2.77M |
|
1677
Companhia Siderúrgica Nacional
SID
$1.31B
| $2.67M | 0.01% |
+750,952
| New | +$3.45M |
|
1678
EXL Service
EXLS
$5.14B
| $2.66M | 0.01% |
+545,655
| New | +$3.03M |
|
1679
PUT
Ulta Beauty
ULTA
$22B
| $2.66M | 0.01% |
22,500
+4,100
| +22% | +$408K |
|
|
YHOO
1680
CALL
DELISTED
Yahoo Inc
YHOO
| $2.65M | 0.01% |
+65,000
| New | +$2.44M |
|
|
EROC
1681
DELISTED
EAGLE ROCK ENERGY PARTNERS, L.P. COM UNITS RPTNG LTD PRTNR
EROC
| $2.65M | 0.01% |
+743,000
| New | +$3.24M |
|
1682
PUT
Guidewire Software
GWRE
$12.6B
| $2.64M | 0.01% |
59,600
+36,700
| +160% | +$1.55M |
|
|
PETM
1683
CALL
DELISTED
PETSMART INC
PETM
| $2.63M | 0.01% |
37,600
-13,600
| -27% | -$946K |
|
1684
Coherent
COHR
$51.4B
| $2.63M | 0.01% |
+223,313
| New | +$3.04M |
|
1685
Bristol-Myers Squibb
BMY
$133B
| $2.62M | 0.01% |
51,141
-252,100
| -83% | -$12.6M |
|
1686
ProQR Therapeutics
PRQR
$243M
| $2.61M | 0.01% |
+152,001
| New | +$2.44M |
|
|
DVAX
1687
DELISTED
Dynavax Technologies
DVAX
| $2.61M | 0.01% |
182,469
+17,245
| +10% | +$249K |
|
1688
CALL
iShares MSCI Brazil ETF
EWZ
$9.28B
| $2.61M | 0.01% |
+60,000
| New | +$2.97M |
|
1689
Vanguard FTSE Emerging Markets ETF
VWO
$121B
| $2.61M | 0.01% |
62,495
-1,316
| -2% | -$58.4K |
|
1690
Kroger
KR
$35.4B
| $2.6M | 0.01% |
100,182
-794,994
| -89% | -$20.1M |
|
1691
Blackrock
BLK
$169B
| $2.6M | 0.01% |
7,909
+2,837
| +56% | +$913K |
|
1692
Motorola Solutions
MSI
$72.3B
| $2.6M | 0.01% |
41,031
-816,312
| -95% | -$51.3M |
|
1693
Incyte
INCY
$24.2B
| $2.6M | 0.01% |
52,899
+13,569
| +35% | +$680K |
|
|
RDUS
1694
DELISTED
Radius Recycling
RDUS
| $2.58M | 0.01% |
+107,054
| New | +$2.85M |
|
|
ZGNX
1695
DELISTED
Zogenix, Inc.
ZGNX
| $2.57M | 0.01% |
279,713
-72,584
| -21% | -$826K |
|
1696
Commault Systems
CVLT
$4.88B
| $2.57M | 0.01% |
50,913
-33,305
| -40% | -$1.72M |
|
1697
The GEO Group
GEO
$4.13B
| $2.56M | 0.01% |
100,601
-23,379
| -19% | -$569K |
|
|
JOY
1698
CALL
DELISTED
Joy Global Inc
JOY
| $2.56M | 0.01% |
46,900
+33,300
| +245% | +$2.02M |
|
|
PETM
1699
PUT
DELISTED
PETSMART INC
PETM
| $2.56M | 0.01% |
36,500
-20,500
| -36% | -$1.43M |
|
|
UAM
1700
DELISTED
Universal American Corp
UAM
| $2.56M | 0.01% |
317,779
+171,028
| +117% | +$1.41M |
|
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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.