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 | |
|---|---|---|---|---|---|---|
|
CBST
1776
DELISTED
CUBIST PHARMACEUTICALS INC
CBST
| $2.3M | 0.01% |
34,630
-140,904
| -80% | -$9.26M |
|
|
MDVN
1777
PUT
DELISTED
MEDIVATION, INC.
MDVN
| $2.29M | 0.01% |
46,400
| – | – |
|
1778
Zebra Technologies
ZBRA
$14B
| $2.28M | 0.01% |
+32,157
| New | +$2.51M |
|
|
POM
1779
DELISTED
PEPCO HOLDINGS, INC.
POM
| $2.28M | 0.01% |
85,207
+38,757
| +83% | +$1.06M |
|
|
DO
1780
DELISTED
Diamond Offshore Drilling
DO
| $2.27M | 0.01% |
66,248
-92,898
| -58% | -$4.11M |
|
1781
Ares Capital
ARCC
$13.5B
| $2.27M | 0.01% |
140,149
+21,238
| +18% | +$359K |
|
|
AHRT
1782
AH Realty Trust
AHRT
$529M
| $2.26M | 0.01% |
248,969
+225,622
| +966% | +$2.15M |
|
|
TGH
1783
DELISTED
Textainer Group Holdings limited
TGH
| $2.26M | 0.01% |
+72,527
| New | +$2.61M |
|
1784
Itron
ITRI
$4.36B
| $2.25M | 0.01% |
57,341
+30,160
| +111% | +$1.21M |
|
1785
Insulet
PODD
$11.5B
| $2.25M | 0.01% |
61,139
-387,301
| -86% | -$14.1M |
|
1786
CALL
Adobe
ADBE
$99.5B
| $2.25M | 0.01% |
32,500
+9,200
| +39% | +$652K |
|
1787
Enanta Pharmaceuticals
ENTA
$366M
| $2.25M | 0.01% |
56,813
+51,398
| +949% | +$2.05M |
|
|
NVDQ
1788
DELISTED
Novadaq Technologies Inc.
NVDQ
| $2.24M | 0.01% |
176,775
-91,720
| -34% | -$1.34M |
|
1789
Enbridge
ENB
$119B
| $2.24M | 0.01% |
46,721
-335,394
| -88% | -$16.6M |
|
1790
CALL
Guidewire Software
GWRE
$12.6B
| $2.23M | 0.01% |
50,400
+33,000
| +190% | +$1.4M |
|
1791
PUT
FirstEnergy
FE
$28B
| $2.23M | 0.01% |
66,500
+1,500
| +2% | +$49.6K |
|
|
PNY
1792
DELISTED
PIEDMONT NATURAL GAS CO INC(NC
PNY
| $2.23M | 0.01% |
+66,487
| New | +$2.39M |
|
1793
HSBC
HSBC
$365B
| $2.23M | 0.01% |
50,790
-25,751
| -34% | -$1.17M |
|
1794
Caleres
CAL
$431M
| $2.23M | 0.01% |
81,999
+23,151
| +39% | +$669K |
|
|
NE
1795
CALL
DELISTED
Noble Corporation
NE
| $2.22M | 0.01% |
100,000
-14,400
| -13% | -$388K |
|
|
BRSL
1796
Brightstar Lottery PLC
BRSL
$1.84B
| $2.21M | 0.01% |
131,300
+47,954
| +58% | +$798K |
|
|
RDS.A
1797
DELISTED
Royal Dutch Shell PLC ADS Class A
RDS.A
| $2.2M | 0.01% |
+28,897
| New | +$2.32M |
|
1798
PUT
Boston Properties
BXP
$11.2B
| $2.2M | 0.01% |
19,000
+16,900
| +805% | +$2.02M |
|
|
ENV
1799
DELISTED
ENVESTNET, INC.
ENV
| $2.2M | 0.01% |
+48,838
| New | +$2.24M |
|
|
PTX
1800
DELISTED
Pernix Therapeutics Holdings, Inc.
PTX
| $2.2M | 0.01% |
28,588
+13,150
| +85% | +$1.04M |
|
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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.