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 | |
|---|---|---|---|---|---|---|
|
ASPX
201
DELISTED
AUSPEX PHARMACEUTICALS INC COM STK (DE)
ASPX
| $54.5M | 0.12% |
1,038,734
-128,521
| -11% | -$3.77M |
|
|
CPN
202
DELISTED
Calpine Corporation
CPN
| $54.5M | 0.12% |
2,462,780
+1,647,861
| +202% | +$36.6M |
|
203
Hershey
HSY
$35.4B
| $54M | 0.11% |
519,126
+377,798
| +267% | +$36.8M |
|
204
HCA Healthcare
HCA
$84.8B
| $53.8M | 0.11% |
733,067
-1,140,418
| -61% | -$80.2M |
|
205
Prosperity Bancshares
PB
$8.77B
| $53.8M | 0.11% |
971,807
+873,084
| +884% | +$49.5M |
|
|
AXLL
206
DELISTED
AXIALL CORP COM STK (DE)
AXLL
| $53.7M | 0.11% |
1,263,545
+1,193,621
| +1,707% | +$48.6M |
|
207
Camden Property Trust
CPT
$11.3B
| $53.6M | 0.11% |
725,441
+575,603
| +384% | +$42.6M |
|
208
Clorox
CLX
$11.6B
| $53.4M | 0.11% |
512,409
+509,162
| +15,681% | +$50.9M |
|
209
Spire
SR
$4.92B
| $53.2M | 0.11% |
1,000,422
+817,582
| +447% | +$41.1M |
|
210
Western Alliance Bancorporation
WAL
$9.07B
| $53.1M | 0.11% |
1,908,837
-444,788
| -19% | -$11.5M |
|
|
MIC
211
DELISTED
Macquarie Infrastructure Holdings, LLC
MIC
| $52.9M | 0.11% |
743,809
-79,123
| -10% | -$5.39M |
|
212
Textron
TXT
$16.6B
| $52.6M | 0.11% |
1,248,815
+388,480
| +45% | +$15.6M |
|
213
Dover
DOV
$27.2B
| $52.5M | 0.11% |
906,681
+641,009
| +241% | +$39.7M |
|
|
HSP
214
DELISTED
HOSPIRA INC
HSP
| $52.4M | 0.11% |
856,124
+727,135
| +564% | +$41.1M |
|
|
CTRX
215
DELISTED
CATAMARAN CORP COM STK (CDA)
CTRX
| $52.4M | 0.11% |
1,012,355
+163,212
| +19% | +$7.67M |
|
|
SNV
216
DELISTED
Synovus
SNV
| $52.2M | 0.11% |
1,927,795
+865,177
| +81% | +$21.9M |
|
217
ExxonMobil
XOM
$651B
| $52.2M | 0.11% |
564,856
+235,271
| +71% | +$21.9M |
|
218
Coca-Cola Europacific Partners
CCEP
$46.5B
| $52.1M | 0.11% |
1,179,108
+214,321
| +22% | +$9.24M |
|
219
SPDR Gold Trust
GLD
$131B
| $52.1M | 0.11% |
458,600
+40,210
| +10% | +$4.64M |
|
220
PUT
Johnson & Johnson
JNJ
$635B
| $52M | 0.11% |
500,000
+497,400
| +19,131% | +$52.4M |
|
221
Kimco Realty
KIM
$17.6B
| $52M | 0.11% |
2,066,617
+2,055,017
| +17,716% | +$50.3M |
|
222
Sally Beauty Holdings
SBH
$1.4B
| $51.8M | 0.11% |
1,684,825
+816,834
| +94% | +$24.3M |
|
223
United Airlines
UAL
$38.4B
| $51.7M | 0.11% |
772,763
-21,893
| -3% | -$1.21M |
|
224
Carnival Corporation Ltd
CCL
$36.1B
| $51.4M | 0.11% |
1,134,519
+336,271
| +42% | +$13.8M |
|
|
PMT
225
PennyMac Mortgage Investment
PMT
$849M
| $51.3M | 0.11% |
2,433,607
+1,189,538
| +96% | +$25.6M |
|
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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.