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 | |
|---|---|---|---|---|---|---|
1926
Expro Ltd
XPRO
$1.79B
| $1.83M | ﹤0.01% |
16,316
-12,735
| -44% | -$1.63M |
|
|
SPLS
1927
PUT
DELISTED
Staples Inc
SPLS
| $1.82M | ﹤0.01% |
+150,100
| New | +$1.76M |
|
1928
Moelis & Co
MC
$5.08B
| $1.81M | ﹤0.01% |
+53,111
| New | +$1.8M |
|
1929
Safety Insurance
SAFT
$1.51B
| $1.81M | ﹤0.01% |
33,628
-11,870
| -26% | -$629K |
|
1930
Marten Transport
MRTN
$1.22B
| $1.81M | ﹤0.01% |
254,300
+180,760
| +246% | +$1.47M |
|
|
VVC
1931
DELISTED
Vectren Corporation
VVC
| $1.81M | ﹤0.01% |
45,419
-20,786
| -31% | -$834K |
|
|
TROVW
1932
DELISTED
TrovaGene, Inc. Warrant
TROVW
| $1.81M | ﹤0.01% |
535,686
-200
| -0% | -$583 |
|
1933
CALL
Berkshire Hathaway Class B
BRK.B
$1.11T
| $1.81M | ﹤0.01% |
13,100
-7,200
| -35% | -$959K |
|
1934
CGI
GIB
$15.1B
| $1.81M | ﹤0.01% |
+53,580
| New | +$1.88M |
|
1935
Banner Corp
BANR
$2.4B
| $1.8M | ﹤0.01% |
+46,909
| New | +$1.84M |
|
1936
Mistras Group
MG
$500M
| $1.8M | ﹤0.01% |
88,381
+74,841
| +553% | +$1.63M |
|
|
BKMU
1937
DELISTED
Bank Mutual Corp
BKMU
| $1.8M | ﹤0.01% |
281,353
-83,396
| -23% | -$522K |
|
1938
HEICO Corp
HEI
$50.4B
| $1.8M | ﹤0.01% |
94,148
-56,665
| -38% | -$1.18M |
|
1939
Fomento Económico Mexicano
FMX
$42.8B
| $1.8M | ﹤0.01% |
19,539
-107,947
| -85% | -$10.3M |
|
1940
Eagle Materials
EXP
$6.59B
| $1.8M | ﹤0.01% |
17,655
-272,036
| -94% | -$26.4M |
|
1941
PUT
Tesla
TSLA
$1.27T
| $1.8M | ﹤0.01% |
+111,000
| New | +$1.83M |
|
|
RATE
1942
DELISTED
Bankrate Inc
RATE
| $1.79M | ﹤0.01% |
157,973
-98,903
| -39% | -$1.5M |
|
1943
Cemex
CX
$17.1B
| $1.79M | ﹤0.01% |
154,686
-1,378,901
| -90% | -$16M |
|
|
SALE
1944
DELISTED
RetailMeNot, Inc. Series 1
SALE
| $1.79M | ﹤0.01% |
110,962
-222,669
| -67% | -$4.51M |
|
1945
Renasant Corp
RNST
$4.02B
| $1.79M | ﹤0.01% |
66,263
+41,648
| +169% | +$1.19M |
|
1946
PUT
Capri Holdings
CPRI
$1.88B
| $1.78M | ﹤0.01% |
25,000
-7,900
| -24% | -$635K |
|
1947
PUT
Williams Companies
WMB
$86.1B
| $1.78M | ﹤0.01% |
32,100
+12,200
| +61% | +$701K |
|
|
ESGR
1948
DELISTED
Enstar Group
ESGR
| $1.77M | ﹤0.01% |
+13,008
| New | +$1.85M |
|
1949
PUT
Toll Brothers
TOL
$14.1B
| $1.77M | ﹤0.01% |
56,800
+1,100
| +2% | +$37.7K |
|
|
GNC
1950
CALL
DELISTED
GNC Holdings, Inc.
GNC
| $1.77M | ﹤0.01% |
+45,700
| New | +$1.66M |
|
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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.