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 |
CAM
CAMERON INTERNATIONAL CORPORATION
CAM
|
+$294M |
| 2 |
PXD
Pioneer Natural Resource Co.
PXD
|
+$293M |
| 3 |
WLL
Whiting Petroleum Corporation
WLL
|
+$213M |
| 4 |
Xcel Energy
XEL
|
+$178M |
| 5 |
McDonald's
MCD
|
+$173M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
BHI
Baker Hughes
BHI
|
+$255M |
| 2 |
Exelon
EXC
|
+$209M |
| 3 |
AbbVie
ABBV
|
+$199M |
| 4 |
CenterPoint Energy
CNP
|
+$130M |
| 5 |
American Electric Power
AEP
|
+$124M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 13.57% |
| 2 | Energy | 11.77% |
| 3 | Financials | 9.48% |
| 4 | Industrials | 8.04% |
| 5 | Consumer Discretionary | 7.53% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1901
W&T Offshore
WTI
$473M
| $2.21M | ﹤0.01% |
301,667
-94,093
| -24% | -$804K |
|
1902
Theravance Biopharma
TBPH
$875M
| $2.21M | ﹤0.01% |
148,349
+138,060
| +1,342% | +$2.41M |
|
1903
Semtech
SMTC
$10.4B
| $2.21M | ﹤0.01% |
80,078
+43,040
| +116% | +$1.1M |
|
1904
Harmony Gold Mining
HMY
$9.7B
| $2.2M | ﹤0.01% |
1,164,264
-773,886
| -40% | -$1.42M |
|
1905
CALL
BlackBerry
BB
$4.74B
| $2.2M | ﹤0.01% |
200,000
| – | – |
|
|
CCG
1906
DELISTED
CAMPUS CREST COMMUNITIES INC COM STK (MD)
CCG
| $2.19M | ﹤0.01% |
300,210
-1,948,891
| -87% | -$13.8M |
|
|
UPL
1907
DELISTED
Ultra Petroleum Corp. Common Stock
UPL
| $2.19M | ﹤0.01% |
+166,709
| New | +$3.36M |
|
1908
Metallus
MTUS
$879M
| $2.18M | ﹤0.01% |
58,902
-216,297
| -79% | -$7.99M |
|
|
TUP
1909
DELISTED
Tupperware Brands Corporation
TUP
| $2.18M | ﹤0.01% |
34,616
-116,723
| -77% | -$7.63M |
|
1910
Ecopetrol
EC
$32.5B
| $2.18M | ﹤0.01% |
127,156
+50,897
| +67% | +$1.21M |
|
|
ONIT
1911
Onity Group
ONIT
$341M
| $2.17M | ﹤0.01% |
9,601
+7,372
| +331% | +$2.4M |
|
|
SDLP
1912
DELISTED
SEADRILL PARTNERS LLC
SDLP
| $2.17M | ﹤0.01% |
13,404
+11,466
| +592% | +$2.57M |
|
|
SINA
1913
PUT
DELISTED
Sina Corp
SINA
| $2.16M | ﹤0.01% |
57,700
-4,200
| -7% | -$163K |
|
|
CVT
1914
DELISTED
CVENT, INC.
CVT
| $2.15M | ﹤0.01% |
+77,376
| New | +$2.03M |
|
1915
CALL
Ciena
CIEN
$49.6B
| $2.15M | ﹤0.01% |
110,900
+46,200
| +71% | +$771K |
|
|
CALY
1916
Callaway Golf Company
CALY
$3.28B
| $2.15M | ﹤0.01% |
279,492
-250,223
| -47% | -$1.86M |
|
|
WW
1917
PUT
DELISTED
WW International
WW
| $2.15M | ﹤0.01% |
86,600
| – | – |
|
1918
PUT
Ulta Beauty
ULTA
$21.6B
| $2.15M | ﹤0.01% |
16,800
-5,700
| -25% | -$699K |
|
1919
CALL
Leidos
LDOS
$14.9B
| $2.15M | ﹤0.01% |
49,300
-36,000
| -42% | -$1.41M |
|
|
ELOS
1920
DELISTED
Syneron Medical Ltd
ELOS
| $2.15M | ﹤0.01% |
229,908
+94,130
| +69% | +$908K |
|
|
NBL
1921
CALL
DELISTED
Noble Energy, Inc.
NBL
| $2.14M | ﹤0.01% |
+45,200
| New | +$2.45M |
|
1922
Imperial Oil
IMO
$60.8B
| $2.14M | ﹤0.01% |
49,807
-79,186
| -61% | -$3.6M |
|
|
BIG
1923
PUT
DELISTED
Big Lots, Inc.
BIG
| $2.14M | ﹤0.01% |
53,400
+7,000
| +15% | +$311K |
|
1924
uniQure
QURE
$2.52B
| $2.13M | ﹤0.01% |
144,151
+22,846
| +19% | +$280K |
|
1925
Morningstar
MORN
$7.38B
| $2.13M | ﹤0.01% |
32,929
+812
| +3% | +$53.8K |
|
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Millennium Management's Q4 2014 Portfolio in Review
As of Q4 2014, Millennium Management held 4,655 positions worth $47.2B, up 19% from $39.5B the previous quarter. Its ten largest holdings account for 9.1% of the portfolio.
Millennium Management deployed $7.43B of net new capital in Q4 2014, opening 1,009 new positions and adding to 1,528 existing holdings. Its largest new stake was Coca-Cola: 2,223,712 shares worth $93.9M.
By sector, the portfolio is most concentrated in Healthcare at 14% of assets, up from 12% a quarter earlier, followed by Energy and Financials.
On the sell side, the largest reduction was Baker Hughes, an estimated $255M trimmed.
- Millennium Management's largest Q4 2014 buy was Coca-Cola: 2,223,712 shares worth $93.9M.
- Millennium Management added most to CAMERON INTERNATIONAL CORPORATION in Q4 2014, an estimated $294M increase.
- Millennium Management's biggest Q4 2014 reduction was Baker Hughes, cutting an estimated $255M.
- Millennium Management fully exited COVIDIEN PLC COM SHS NEW (IRELAND) in Q4 2014, selling an estimated $69M.
- Millennium Management's ten largest holdings make up 9.1% of its $47.2B portfolio in Q4 2014.
- Millennium Management opened 1,009 new positions and closed 792 in Q4 2014.
- Millennium Management's portfolio value rose 19% quarter-over-quarter to $47.2B.
Based on Millennium Management's 13F filing for Q4 2014, filed 17 Feb 2015.