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 | |
|---|---|---|---|---|---|---|
2651
Artivion
AORT
$1.31B
| $464K | ﹤0.01% |
+46,608
| New | +$478K |
|
2652
Willis Towers Watson
WTW
$29.9B
| $463K | ﹤0.01% |
3,958
-37,287
| -90% | -$4.24M |
|
|
ICA
2653
DELISTED
EMPRESAS ICA, S.A. DE C.V. ADS (EA REPTG 4 ORD PART CERT)
ICA
| $463K | ﹤0.01% |
70,236
+20,120
| +40% | +$148K |
|
2654
Energy Recovery
ERII
$433M
| $461K | ﹤0.01% |
+86,741
| New | +$427K |
|
2655
CALL
Teekay
TK
$981M
| $461K | ﹤0.01% |
8,200
-12,700
| -61% | -$690K |
|
|
CLR
2656
PUT
DELISTED
CONTINENTAL RESOURCES INC.
CLR
| $460K | ﹤0.01% |
+7,400
| New | +$422K |
|
|
MEG
2657
CALL
DELISTED
Media General, Inc
MEG
| $459K | ﹤0.01% |
+25,000
| New | +$460K |
|
|
AFOP
2658
DELISTED
Alliance Fiber Optic Prod Inc
AFOP
| $458K | ﹤0.01% |
31,619
-74,469
| -70% | -$1.04M |
|
2659
PUT
Qualcomm
QCOM
$172B
| $457K | ﹤0.01% |
+5,800
| New | +$437K |
|
|
EQU
2660
DELISTED
EQUAL ENERGY LTD COM
EQU
| $457K | ﹤0.01% |
+99,700
| New | +$518K |
|
2661
Tootsie Roll Industries
TR
$2.94B
| $456K | ﹤0.01% |
+21,721
| New | +$450K |
|
2662
CALL
JPMorgan Chase
JPM
$950B
| $455K | ﹤0.01% |
+7,500
| New | +$433K |
|
|
ALR
2663
DELISTED
AlerisLife Inc
ALR
| $455K | ﹤0.01% |
9,362
-127
| -1% | -$7.19K |
|
2664
ProShares UltraPro Short QQQ
SQQQ
$2.17B
| $454K | ﹤0.01% |
+1
| New | +$555K |
|
|
SLAI
2665
DELISTED
SOLAI Ltd ADS
SLAI
| $453K | ﹤0.01% |
+175
| New | +$504K |
|
2666
PUT
Cooper Companies
COO
$14.1B
| $453K | ﹤0.01% |
13,200
-24,400
| -65% | -$783K |
|
|
FARM
2667
DELISTED
Farmer Brothers
FARM
| $453K | ﹤0.01% |
+23,002
| New | +$494K |
|
2668
Stride
LRN
$4.08B
| $453K | ﹤0.01% |
20,017
-34,676
| -63% | -$755K |
|
|
CLUB
2669
DELISTED
Town Sports International Holdings, Inc.
CLUB
| $452K | ﹤0.01% |
+53,225
| New | +$552K |
|
2670
Unitil
UTL
$1.01B
| $451K | ﹤0.01% |
13,739
+88
| +0.6% | +$2.73K |
|
2671
CALL
Clorox
CLX
$12.1B
| $449K | ﹤0.01% |
+5,100
| New | +$448K |
|
|
CVO
2672
DELISTED
Cenevo, Inc.
CVO
| $449K | ﹤0.01% |
18,473
+3,393
| +23% | +$90.9K |
|
2673
PUT
Avis
CAR
$5.88B
| $448K | ﹤0.01% |
9,200
-132,200
| -93% | -$5.68M |
|
2674
PUT
CoStar Group
CSGP
$12.4B
| $448K | ﹤0.01% |
+24,000
| New | +$453K |
|
2675
Teradata
TDC
$2.75B
| $448K | ﹤0.01% |
9,098
-9,002
| -50% | -$406K |
|
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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.