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 | |
|---|---|---|---|---|---|---|
201
Coca-Cola Europacific Partners
CCEP
$49.3B
| $42.8M | 0.11% |
964,787
+599,629
| +164% | +$28.1M |
|
|
PVA
202
DELISTED
PENN VIRGINIA CORP
PVA
| $42.4M | 0.11% |
3,339,439
+1,266,256
| +61% | +$17.8M |
|
203
Trinity Industries
TRN
$2.73B
| $42.4M | 0.11% |
1,260,820
-282,003
| -18% | -$9.34M |
|
|
ACC
204
DELISTED
American Campus Communities, Inc.
ACC
| $42.4M | 0.11% |
1,163,204
+493,715
| +74% | +$19.1M |
|
205
Royal Bank of Canada
RY
$292B
| $42.3M | 0.11% |
+591,701
| New | +$43.6M |
|
|
DISH
206
DELISTED
DISH Network Corp.
DISH
| $42.2M | 0.11% |
653,623
-155,153
| -19% | -$10M |
|
207
LyondellBasell Industries
LYB
$19.5B
| $42.2M | 0.11% |
388,019
+191,954
| +98% | +$20.8M |
|
208
Darden Restaurants
DRI
$23.7B
| $42.1M | 0.11% |
914,141
-100
| -0% | -$4.22K |
|
|
STAY
209
DELISTED
Extended Stay America, Inc. Paired Share Unit
STAY
| $42M | 0.11% |
1,768,703
+309,646
| +21% | +$7.19M |
|
210
Alibaba
BABA
$279B
| $41.9M | 0.11% |
+471,472
| New | +$42.3M |
|
|
VISN
211
Vistance Networks Inc
VISN
$2.64B
| $41.6M | 0.11% |
1,741,747
+1,093,484
| +169% | +$26.8M |
|
212
Tronox
TROX
$999M
| $41.5M | 0.11% |
1,594,737
+86,001
| +6% | +$2.38M |
|
213
Tanger
SKT
$4.71B
| $41.5M | 0.11% |
1,268,018
+396,322
| +45% | +$13.7M |
|
214
Delek US
DK
$4.15B
| $41.3M | 0.1% |
1,247,536
-1,234,731
| -50% | -$39.4M |
|
215
Agilent Technologies
A
$39.2B
| $41.2M | 0.1% |
1,011,074
+158,135
| +19% | +$6.46M |
|
|
VIAB
216
DELISTED
Viacom Inc. Class B
VIAB
| $41M | 0.1% |
533,449
-73,321
| -12% | -$6.03M |
|
|
CBL
217
DELISTED
CBL& Associates Properties, Inc.
CBL
| $40.9M | 0.1% |
2,283,558
+2,223,486
| +3,701% | +$42M |
|
218
Cognizant
CTSH
$24.3B
| $40.8M | 0.1% |
911,145
+500,651
| +122% | +$23.6M |
|
219
Masco
MAS
$14.2B
| $40.7M | 0.1% |
1,937,025
+1,500,830
| +344% | +$29.7M |
|
220
TJX Companies
TJX
$176B
| $40.6M | 0.1% |
1,372,516
-612,294
| -31% | -$17.3M |
|
221
Molson Coors Class B
TAP
$7.79B
| $40.5M | 0.1% |
543,959
+342,583
| +170% | +$25M |
|
|
TRW
222
DELISTED
TRW AUTOMOTIVE HOLDINGS CORP
TRW
| $40.4M | 0.1% |
399,385
+388,877
| +3,701% | +$38.9M |
|
|
NRF
223
DELISTED
NorthStar Realty Finance Corp.
NRF
| $40.1M | 0.1% |
+1,134,084
| New | +$39.7M |
|
224
Baidu
BIDU
$36.5B
| $40M | 0.1% |
+183,264
| New | +$38.7M |
|
|
RCAP
225
DELISTED
RCS CAPITAL CORPORATION CLASS A COM
RCAP
| $39.7M | 0.1% |
1,764,664
+1,149,173
| +187% | +$25.3M |
|
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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.