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 | |
|---|---|---|---|---|---|---|
1901
VanEck Semiconductor ETF
SMH
$68.4B
| $1.88M | ﹤0.01% |
+73,662
| New | +$1.86M |
|
1902
PUT
Honeywell
HON
$77.4B
| $1.88M | ﹤0.01% |
22,480
+3,004
| +15% | +$255K |
|
1903
BancFirst
BANF
$3.86B
| $1.88M | ﹤0.01% |
60,110
+3,126
| +5% | +$97.7K |
|
|
ARGO
1904
DELISTED
Argo Group International Holdings, Ltd.
ARGO
| $1.88M | ﹤0.01% |
51,979
-122,700
| -70% | -$4.58M |
|
|
SAFE
1905
Safehold
SAFE
$1.17B
| $1.88M | ﹤0.01% |
28,530
+4,656
| +20% | +$329K |
|
1906
Avnet
AVT
$7.24B
| $1.87M | ﹤0.01% |
45,163
-248,368
| -85% | -$10.8M |
|
1907
Groupon
GRPN
$1.07B
| $1.87M | ﹤0.01% |
14,012
-73,747
| -84% | -$9.6M |
|
|
AIMC
1908
DELISTED
Altra Industrial Motion Corp
AIMC
| $1.87M | ﹤0.01% |
+64,189
| New | +$2.15M |
|
|
CTLP
1909
DELISTED
Cantaloupe
CTLP
| $1.87M | ﹤0.01% |
1,039,500
+25,000
| +2% | +$49.6K |
|
|
TIF
1910
PUT
DELISTED
Tiffany & Co.
TIF
| $1.87M | ﹤0.01% |
+19,400
| New | +$1.93M |
|
1911
Cincinnati Financial
CINF
$27.2B
| $1.87M | ﹤0.01% |
39,680
+33,717
| +565% | +$1.61M |
|
|
IOC
1912
DELISTED
Interoil Corporation
IOC
| $1.87M | ﹤0.01% |
34,385
+24,949
| +264% | +$1.46M |
|
|
NOR
1913
DELISTED
NORANDA ALUM HLDG CORP COM NEW
NOR
| $1.86M | ﹤0.01% |
58,879
+7,743
| +15% | +$239K |
|
1914
CALL
Healthpeak Properties
DOC
$15B
| $1.85M | ﹤0.01% |
+51,277
| New | +$1.94M |
|
1915
First Bancorp
FBP
$4.45B
| $1.85M | ﹤0.01% |
390,251
+14,130
| +4% | +$72.9K |
|
1916
LSB Industries
LXU
$716M
| $1.85M | ﹤0.01% |
+67,272
| New | +$2M |
|
1917
Sarepta Therapeutics
SRPT
$1.62B
| $1.85M | ﹤0.01% |
87,604
-129,413
| -60% | -$2.92M |
|
1918
CALL
Zoetis
ZTS
$32.5B
| $1.85M | ﹤0.01% |
+50,000
| New | +$1.71M |
|
1919
Matador Resources
MTDR
$6.11B
| $1.85M | ﹤0.01% |
+71,451
| New | +$1.88M |
|
1920
Omeros
OMER
$882M
| $1.85M | ﹤0.01% |
145,120
+108,261
| +294% | +$1.52M |
|
|
AFFX
1921
DELISTED
Affymetrix Inc
AFFX
| $1.85M | ﹤0.01% |
231,271
-26,005
| -10% | -$223K |
|
|
IMPR
1922
DELISTED
IMPRIVATA, INC COM
IMPR
| $1.84M | ﹤0.01% |
+118,457
| New | +$1.74M |
|
|
SEMI
1923
DELISTED
SunEdison Semiconductor Limited
SEMI
| $1.84M | ﹤0.01% |
94,907
-24,683
| -21% | -$421K |
|
|
ESPR
1924
DELISTED
Esperion Therapeutics
ESPR
| $1.83M | ﹤0.01% |
75,036
-3,145
| -4% | -$50K |
|
1925
Seagate
STX
$188B
| $1.83M | ﹤0.01% |
+32,041
| New | +$1.9M |
|
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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.