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 | |
|---|---|---|---|---|---|---|
1801
Armstrong World Industries
AWI
$7.38B
| $2.19M | 0.01% |
39,039
-31,791
| -45% | -$1.77M |
|
|
PE
1802
DELISTED
PARSLEY ENERGY INC
PE
| $2.19M | 0.01% |
102,418
-1,864,858
| -95% | -$40.6M |
|
1803
Morningstar
MORN
$7.22B
| $2.18M | 0.01% |
32,117
-19,092
| -37% | -$1.31M |
|
|
LEJU
1804
DELISTED
Leju Holdings Limited American Depositary Shares, each representing ten (10) Ordinary Shares
LEJU
| $2.17M | 0.01% |
+16,925
| New | +$2.34M |
|
|
ESV
1805
DELISTED
Ensco Rowan plc
ESV
| $2.17M | 0.01% |
+13,146
| New | +$2.61M |
|
1806
Globe Life
GL
$14.2B
| $2.17M | 0.01% |
+41,452
| New | +$2.24M |
|
|
SAVE
1807
DELISTED
Spirit Airlines, Inc.
SAVE
| $2.17M | 0.01% |
31,345
+11,645
| +59% | +$797K |
|
1808
RLJ Lodging Trust
RLJ
$1.86B
| $2.17M | 0.01% |
76,062
+39,122
| +106% | +$1.14M |
|
|
ACGN
1809
DELISTED
Aceragen Inc
ACGN
| $2.16M | 0.01% |
6,954
-764
| -10% | -$275K |
|
|
X
1810
PUT
DELISTED
US Steel
X
| $2.15M | 0.01% |
+55,000
| New | +$1.93M |
|
1811
CALL
Boston Properties
BXP
$11.2B
| $2.15M | 0.01% |
18,600
+16,500
| +786% | +$1.97M |
|
1812
Regeneron Pharmaceuticals
REGN
$78.5B
| $2.15M | 0.01% |
5,964
-83,028
| -93% | -$27.8M |
|
1813
National Grid
NGG
$80.4B
| $2.15M | 0.01% |
30,982
-54,098
| -64% | -$3.85M |
|
1814
Barrett Business Services
BBSI
$959M
| $2.15M | 0.01% |
217,472
+88,452
| +69% | +$1.2M |
|
|
TIF
1815
CALL
DELISTED
Tiffany & Co.
TIF
| $2.14M | 0.01% |
22,200
+20,100
| +957% | +$2M |
|
1816
Franklin Resources
BEN
$17.6B
| $2.14M | 0.01% |
39,125
-87,210
| -69% | -$4.88M |
|
|
NCI
1817
DELISTED
Navigant Consulting, Inc.
NCI
| $2.13M | 0.01% |
+153,406
| New | +$2.48M |
|
1818
Korea Electric Power
KEP
$15.3B
| $2.13M | 0.01% |
95,067
+67,425
| +244% | +$1.37M |
|
1819
Regis Corp
RGS
$68.4M
| $2.13M | 0.01% |
6,668
+3,945
| +145% | +$1.18M |
|
|
IPCM
1820
DELISTED
IPC HEALTHCARE INC COM DTD
IPCM
| $2.11M | 0.01% |
47,120
+34,787
| +282% | +$1.64M |
|
|
PGEM
1821
DELISTED
Ply Gem Holdings, Inc.
PGEM
| $2.11M | 0.01% |
194,679
+176,092
| +947% | +$1.84M |
|
1822
Littelfuse
LFUS
$11.2B
| $2.11M | 0.01% |
+24,736
| New | +$2.26M |
|
1823
Silgan Holdings
SLGN
$4.23B
| $2.11M | 0.01% |
89,680
+72,844
| +433% | +$1.82M |
|
1824
PUT
Welltower
WELL
$169B
| $2.1M | 0.01% |
33,700
+30,400
| +921% | +$1.96M |
|
1825
Tenaris
TS
$28.9B
| $2.1M | 0.01% |
46,076
-137,973
| -75% | -$6.2M |
|
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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.