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 | |
|---|---|---|---|---|---|---|
2101
PUT
Palo Alto Networks
PANW
$283B
| $1.34M | ﹤0.01% |
+82,200
| New | +$1.18M |
|
|
CASC
2102
DELISTED
Cascadian Therapeutics, Inc.
CASC
| $1.34M | ﹤0.01% |
116,667
+77,223
| +196% | +$1.18M |
|
2103
DexCom
DXCM
$32.9B
| $1.34M | ﹤0.01% |
134,152
-1,143,676
| -90% | -$11.7M |
|
2104
Genpact
G
$5.96B
| $1.34M | ﹤0.01% |
+81,990
| New | +$1.44M |
|
2105
First Merchants
FRME
$2.71B
| $1.34M | ﹤0.01% |
66,172
-144,242
| -69% | -$2.94M |
|
|
WINT
2106
DELISTED
Windtree Therapeutics Inc
WINT
| $1.34M | ﹤0.01% |
51,907
-73,093
| -58% | -$1.76M |
|
2107
Medallion Financial
MFIN
$244M
| $1.33M | ﹤0.01% |
114,377
-23,370
| -17% | -$278K |
|
|
IO
2108
DELISTED
ION Geophysical Corporation
IO
| $1.33M | ﹤0.01% |
31,861
+245
| +0.8% | +$13.1K |
|
2109
Ford
F
$57.5B
| $1.33M | ﹤0.01% |
+90,024
| New | +$1.54M |
|
2110
CRH
CRH
$65.6B
| $1.33M | ﹤0.01% |
58,259
-9,332
| -14% | -$225K |
|
2111
Agios Pharmaceuticals
AGIO
$1.82B
| $1.32M | ﹤0.01% |
+21,600
| New | +$931K |
|
2112
FormFactor
FORM
$8.48B
| $1.32M | ﹤0.01% |
184,733
+142,865
| +341% | +$1.06M |
|
2113
Orion
OEC
$385M
| $1.32M | ﹤0.01% |
+75,227
| New | +$1.31M |
|
2114
ICF International
ICFI
$1.52B
| $1.32M | ﹤0.01% |
42,985
+11,939
| +38% | +$410K |
|
2115
SouthState Bank Corp
SSB
$10.5B
| $1.32M | ﹤0.01% |
23,648
+19,709
| +500% | +$1.16M |
|
|
EPZM
2116
DELISTED
Epizyme, Inc
EPZM
| $1.32M | ﹤0.01% |
48,731
-15,009
| -24% | -$466K |
|
|
VG
2117
DELISTED
Vonage Holdings Corporation
VG
| $1.32M | ﹤0.01% |
402,496
-33,117
| -8% | -$115K |
|
2118
CALL
TJX Companies
TJX
$174B
| $1.31M | ﹤0.01% |
44,400
+2,000
| +5% | +$56.4K |
|
|
LOXO
2119
DELISTED
Loxo Oncology, Inc
LOXO
| $1.31M | ﹤0.01% |
+100,000
| New | +$1.3M |
|
2120
Central Pacific Financial
CPF
$1.02B
| $1.31M | ﹤0.01% |
73,061
+34,426
| +89% | +$631K |
|
2121
Diageo
DEO
$49.2B
| $1.31M | ﹤0.01% |
11,334
-93,430
| -89% | -$11.3M |
|
2122
MannKind Corp
MNKD
$1.17B
| $1.3M | ﹤0.01% |
44,170
+37,875
| +602% | +$1.49M |
|
2123
PUT
iShares MSCI Brazil ETF
EWZ
$9.22B
| $1.3M | ﹤0.01% |
30,000
| – | – |
|
2124
Murphy Oil
MUR
$5.55B
| $1.3M | ﹤0.01% |
22,915
-114,620
| -83% | -$7.09M |
|
2125
Domino's
DPZ
$12.1B
| $1.3M | ﹤0.01% |
16,922
-60,113
| -78% | -$4.48M |
|
Similar funds
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.