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 | |
|---|---|---|---|---|---|---|
|
SN
1726
DELISTED
Sanchez Energy Corporation
SN
| $2.46M | 0.01% |
93,799
+35,334
| +60% | +$1.12M |
|
|
CSH
1727
DELISTED
CASH AMERICA INTERNATIONAL INC
CSH
| $2.46M | 0.01% |
123,896
+77,612
| +168% | +$1.56M |
|
|
CZZ
1728
DELISTED
Cosan Limited
CZZ
| $2.46M | 0.01% |
+228,676
| New | +$2.88M |
|
|
YHOO
1729
PUT
DELISTED
Yahoo Inc
YHOO
| $2.46M | 0.01% |
+60,400
| New | +$2.27M |
|
1730
Employers Holdings
EIG
$908M
| $2.45M | 0.01% |
127,413
+50,081
| +65% | +$1.04M |
|
1731
Belden
BDC
$4.85B
| $2.45M | 0.01% |
+38,299
| New | +$2.77M |
|
1732
Weyerhaeuser
WY
$18B
| $2.45M | 0.01% |
76,977
-2,388,962
| -97% | -$78.3M |
|
1733
Sociedad Química y Minera de Chile
SQM
$19.2B
| $2.45M | 0.01% |
96,122
+64,472
| +204% | +$1.76M |
|
1734
TriplePoint Venture Growth BDC
TPVG
$184M
| $2.45M | 0.01% |
167,464
-77,528
| -32% | -$1.19M |
|
|
LLTC
1735
DELISTED
Linear Technology Corp
LLTC
| $2.44M | 0.01% |
+55,040
| New | +$2.5M |
|
|
TIF
1736
DELISTED
Tiffany & Co.
TIF
| $2.44M | 0.01% |
25,320
-19,976
| -44% | -$1.99M |
|
|
RSO
1737
DELISTED
Resource Capital Corp.
RSO
| $2.44M | 0.01% |
125,071
-58,442
| -32% | -$1.27M |
|
1738
Deckers Outdoor
DECK
$13.2B
| $2.43M | 0.01% |
+150,000
| New | +$2.29M |
|
1739
PUT
Adobe
ADBE
$99.5B
| $2.43M | 0.01% |
35,100
+9,700
| +38% | +$688K |
|
|
SFY
1740
DELISTED
SWIFT ENERGY CO (HOLDING COMPANY)
SFY
| $2.43M | 0.01% |
252,658
+157,094
| +164% | +$1.78M |
|
|
MRSH
1741
Marsh
MRSH
$90.5B
| $2.42M | 0.01% |
46,163
-9,295
| -17% | -$485K |
|
1742
Avery Dennison
AVY
$13B
| $2.4M | 0.01% |
53,845
-570,796
| -91% | -$27.8M |
|
1743
Jabil
JBL
$33B
| $2.4M | 0.01% |
119,113
-35,100
| -23% | -$733K |
|
1744
PUT
Cisco
CSCO
$457B
| $2.4M | 0.01% |
95,200
-1,300
| -1% | -$32.7K |
|
|
BRLI
1745
DELISTED
BIO-REFERENCE LABS INC-NEW-
BRLI
| $2.39M | 0.01% |
+85,123
| New | +$2.59M |
|
|
OCRX
1746
DELISTED
Ocera Therapeutics, Inc.
OCRX
| $2.39M | 0.01% |
487,314
-8,074
| -2% | -$46.6K |
|
|
DX
1747
Dynex Capital
DX
$3.15B
| $2.39M | 0.01% |
98,475
+83,467
| +556% | +$2.12M |
|
1748
Ecopetrol
EC
$34.5B
| $2.38M | 0.01% |
+76,259
| New | +$2.61M |
|
1749
Tesla
TSLA
$1.23T
| $2.38M | 0.01% |
+147,240
| New | +$2.43M |
|
1750
Johnson & Johnson
JNJ
$618B
| $2.38M | 0.01% |
22,303
-96,161
| -81% | -$9.97M |
|
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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.