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 |
Devon Energy
DVN
|
+$196M |
| 2 |
Verizon
VZ
|
+$166M |
| 3 |
Edison International
EIX
|
+$152M |
| 4 |
PPL
PPL Corp
PPL
|
+$122M |
| 5 |
Estee Lauder
EL
|
+$115M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Ameren
AEE
|
+$140M |
| 2 |
Alphabet (Google) Class C
GOOG
|
+$136M |
| 3 |
ANDV
Andeavor
ANDV
|
+$111M |
| 4 |
LyondellBasell Industries
LYB
|
+$105M |
| 5 |
ICPT
Intercept Pharmaceuticals, Inc.
ICPT
|
+$101M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 13.16% |
| 2 | Energy | 12.63% |
| 3 | Utilities | 8.8% |
| 4 | Financials | 8.17% |
| 5 | Consumer Discretionary | 7.63% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
PMT
226
PennyMac Mortgage Investment
PMT
$822M
| $35.9M | 0.1% |
1,503,128
+481,206
| +47% | +$11.4M |
|
|
TIF
227
DELISTED
Tiffany & Co.
TIF
| $35.7M | 0.1% |
414,724
+245,817
| +146% | +$21.8M |
|
|
ATHL
228
DELISTED
ATHLON ENERGY INC COM
ATHL
| $35.7M | 0.1% |
1,006,904
+579,001
| +135% | +$19M |
|
|
CIT
229
DELISTED
CIT Group Inc.
CIT
| $35.6M | 0.1% |
726,520
+667,914
| +1,140% | +$32.5M |
|
230
Netflix
NFLX
$299B
| $35.5M | 0.1% |
7,067,690
+3,314,710
| +88% | +$19M |
|
231
Hershey
HSY
$35.2B
| $35.5M | 0.1% |
340,001
+208,441
| +158% | +$21.3M |
|
232
Allstate
ALL
$68B
| $35.4M | 0.1% |
626,043
-93,878
| -13% | -$5.04M |
|
|
SPNC
233
DELISTED
Spectranetics Corp
SPNC
| $35.4M | 0.1% |
1,168,357
+259,827
| +29% | +$7.12M |
|
|
TFCFA
234
DELISTED
Twenty-First Century Fox, Inc. Class A
TFCFA
| $35.4M | 0.1% |
1,106,801
+780,841
| +240% | +$25.5M |
|
235
Prudential Financial
PRU
$42.4B
| $35.4M | 0.1% |
417,869
+186,111
| +80% | +$16M |
|
236
Radian Group
RDN
$5.18B
| $35.3M | 0.1% |
2,348,822
+1,606,915
| +217% | +$24.5M |
|
237
Trip.com Group
TCOM
$29.6B
| $35M | 0.1% |
1,389,604
+874,572
| +170% | +$20.1M |
|
238
Vodafone
VOD
$36.3B
| $35M | 0.1% |
949,739
+764,035
| +411% | +$29.5M |
|
|
FBC
239
DELISTED
Flagstar Bancorp, Inc. New
FBC
| $34.9M | 0.1% |
1,571,093
+545,721
| +53% | +$11.5M |
|
240
MGM Resorts International
MGM
$11.4B
| $34.8M | 0.1% |
1,346,719
+884,041
| +191% | +$22.8M |
|
241
Booking.com
BKNG
$149B
| $34.8M | 0.1% |
730,450
+424,450
| +139% | +$21M |
|
242
Ross Stores
ROST
$80.5B
| $34.7M | 0.1% |
969,188
-930,870
| -49% | -$33M |
|
243
Intuit
INTU
$86.5B
| $34.4M | 0.1% |
+442,757
| New | +$33.8M |
|
244
BP
BP
$116B
| $34.2M | 0.1% |
870,188
+857,637
| +6,833% | +$33.8M |
|
245
CALL
Bristol-Myers Squibb
BMY
$133B
| $34.1M | 0.1% |
655,700
-397,000
| -38% | -$21.1M |
|
246
Zoetis
ZTS
$32.4B
| $34M | 0.1% |
1,176,094
+570,412
| +94% | +$17.4M |
|
247
Crown Castle
CCI
$33.3B
| $34M | 0.1% |
460,562
-324,607
| -41% | -$23.8M |
|
|
MWE
248
CALL
DELISTED
MARKWEST ENERGY PARTNERS, LP
MWE
| $33.8M | 0.1% |
518,000
+33,000
| +7% | +$2.23M |
|
249
Consolidated Edison
ED
$40.1B
| $33.6M | 0.1% |
626,843
+621,713
| +12,119% | +$33.7M |
|
250
Intercontinental Exchange
ICE
$85.6B
| $33.4M | 0.1% |
845,050
+636,455
| +305% | +$26.9M |
|
Similar funds
Millennium Management's Q1 2014 Portfolio in Review
As of Q1 2014, Millennium Management held 4,356 positions worth $34.5B, up 8.9% from $31.7B the previous quarter. Its ten largest holdings account for 7.9% of the portfolio.
Millennium Management deployed $1.49B of net new capital in Q1 2014, opening 945 new positions and adding to 1,266 existing holdings. Its largest new stake was Bausch Health: 575,504 shares worth $75.9M.
By sector, the portfolio is most concentrated in Healthcare at 13% of assets, up from 12% a quarter earlier, followed by Energy and Utilities.
On the sell side, the largest reduction was Ameren, an estimated $140M trimmed.
- Millennium Management's largest Q1 2014 buy was Bausch Health: 575,504 shares worth $75.9M.
- Millennium Management added most to Devon Energy in Q1 2014, an estimated $196M increase.
- Millennium Management's biggest Q1 2014 reduction was Ameren, cutting an estimated $140M.
- Millennium Management fully exited PepsiCo in Q1 2014, selling an estimated $89.1M.
- Millennium Management's ten largest holdings make up 7.9% of its $34.5B portfolio in Q1 2014.
- Millennium Management opened 945 new positions and closed 958 in Q1 2014.
- Millennium Management's portfolio value rose 8.9% quarter-over-quarter to $34.5B.
Based on Millennium Management's 13F filing for Q1 2014, filed 15 May 2014.