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 | |
|---|---|---|---|---|---|---|
2601
CALL
Martin Marietta Materials
MLM
$35B
| $501K | ﹤0.01% |
+3,900
| New | +$448K |
|
|
OB
2602
DELISTED
Onebeacon Insurance Group Ltd
OB
| $498K | ﹤0.01% |
32,200
+15,331
| +91% | +$234K |
|
2603
PUT
Murphy Oil
MUR
$5.25B
| $497K | ﹤0.01% |
+7,900
| New | +$475K |
|
2604
Sarepta Therapeutics
SRPT
$1.63B
| $496K | ﹤0.01% |
+20,660
| New | +$527K |
|
2605
PUT
Terex
TEX
$7.84B
| $496K | ﹤0.01% |
11,200
-270,000
| -96% | -$11.3M |
|
|
BIG
2606
PUT
DELISTED
Big Lots, Inc.
BIG
| $496K | ﹤0.01% |
+13,100
| New | +$404K |
|
|
BCPC
2607
Balchem Corp
BCPC
$5.33B
| $494K | ﹤0.01% |
9,478
-3,155
| -25% | -$169K |
|
|
RSX
2608
DELISTED
VanEck Russia ETF
RSX
| $494K | ﹤0.01% |
20,593
+8,748
| +74% | +$219K |
|
|
RDUS
2609
DELISTED
Radius Recycling
RDUS
| $493K | ﹤0.01% |
+17,088
| New | +$467K |
|
|
LDRH
2610
DELISTED
LDR HOLDINGS CORP COM STK
LDRH
| $493K | ﹤0.01% |
+14,353
| New | +$426K |
|
2611
Murphy USA
MUSA
$11.1B
| $491K | ﹤0.01% |
12,100
-19,038
| -61% | -$770K |
|
|
ROC
2612
PUT
DELISTED
ROCKWOOD HLDGS INC
ROC
| $491K | ﹤0.01% |
6,600
+100
| +2% | +$7.37K |
|
2613
Builders FirstSource
BLDR
$7.93B
| $489K | ﹤0.01% |
53,693
-254,256
| -83% | -$2.06M |
|
2614
Lakeland Financial Corp
LKFN
$1.58B
| $489K | ﹤0.01% |
18,245
+9,095
| +99% | +$231K |
|
2615
Allegiant Air
ALGT
$2.73B
| $487K | ﹤0.01% |
+4,348
| New | +$443K |
|
|
IPHS
2616
DELISTED
Innophos Holdings, Inc.
IPHS
| $486K | ﹤0.01% |
8,568
-2,929
| -25% | -$150K |
|
|
SC
2617
PUT
DELISTED
SANTANDER CONSUMER USA HOLDINGS INC
SC
| $484K | ﹤0.01% |
+20,100
| New | +$497K |
|
|
PETM
2618
DELISTED
PETSMART INC
PETM
| $482K | ﹤0.01% |
6,999
-242,555
| -97% | -$16.1M |
|
|
TRST
2619
Trustco Bank Corp NY
TRST
$984M
| $481K | ﹤0.01% |
13,658
-2,136
| -14% | -$72.8K |
|
|
FRP
2620
DELISTED
Fairpoint Communications, Inc.
FRP
| $480K | ﹤0.01% |
+35,283
| New | +$462K |
|
2621
Alto Ingredients
ALTO
$345M
| $479K | ﹤0.01% |
30,762
+15,955
| +108% | +$161K |
|
2622
Steris
STE
$22.4B
| $478K | ﹤0.01% |
10,000
-104,429
| -91% | -$4.89M |
|
|
VVUS
2623
PUT
DELISTED
Vivus Inc
VVUS
| $478K | ﹤0.01% |
+8,040
| New | +$572K |
|
2624
CALL
Booking.com
BKNG
$154B
| $477K | ﹤0.01% |
+10,000
| New | +$494K |
|
|
2625
PUT
Booking.com
BKNG
$154B
| $477K | ﹤0.01% |
10,000
+2,500
| +33% | +$123K |
|
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.