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 | |
|---|---|---|---|---|---|---|
|
CTRA
251
DELISTED
Coterra Energy
CTRA
| $33.4M | 0.1% |
986,663
-1,140,190
| -54% | -$42.1M |
|
|
TYC
252
DELISTED
TYCO INTL PLC COM SHS (IRL)
TYC
| $33.4M | 0.1% |
752,054
+709,366
| +1,662% | +$31M |
|
|
CMA.WS
253
DELISTED
Comerica Incorporated Ws
CMA.WS
| $33.3M | 0.1% |
1,486,148
-33,635
| -2% | -$645K |
|
254
NVIDIA
NVDA
$4.86T
| $33.3M | 0.1% |
74,311,880
+58,455,440
| +369% | +$25M |
|
255
Monster Beverage
MNST
$94.3B
| $33.2M | 0.1% |
2,866,536
+1,197,060
| +72% | +$14M |
|
256
Assured Guaranty
AGO
$3.66B
| $33.1M | 0.1% |
1,308,578
+1,168,910
| +837% | +$27.6M |
|
|
ASRT
257
DELISTED
Assertio
ASRT
| $33M | 0.1% |
37,985
+9,452
| +33% | +$7.21M |
|
|
BMR
258
DELISTED
BIOMED REALTY TRUST INC
BMR
| $33M | 0.1% |
1,611,582
+447,677
| +38% | +$8.83M |
|
|
ICPT
259
DELISTED
Intercept Pharmaceuticals, Inc.
ICPT
| $32.8M | 0.1% |
99,441
-299,086
| -75% | -$101M |
|
|
FURX
260
DELISTED
FURIEX PHARMACEUTICALS INC COM STK (DE)
FURX
| $32.7M | 0.09% |
376,365
+318,549
| +551% | +$24.6M |
|
261
Jack in the Box
JACK
$312M
| $32.7M | 0.09% |
555,492
+391,166
| +238% | +$21.3M |
|
262
Equity Lifestyle Properties
ELS
$12.6B
| $32.7M | 0.09% |
1,607,550
+403,294
| +33% | +$7.91M |
|
|
WBA
263
DELISTED
Walgreens Boots Alliance
WBA
| $32.7M | 0.09% |
494,769
+112,049
| +29% | +$7.04M |
|
264
Southern Copper
SCCO
$143B
| $32.5M | 0.09% |
1,204,146
+1,058,656
| +728% | +$28.5M |
|
265
Illinois Tool Works
ITW
$82.6B
| $32.4M | 0.09% |
398,790
+390,768
| +4,871% | +$31.6M |
|
266
D.R. Horton
DHI
$40B
| $32.3M | 0.09% |
1,490,493
+1,250,982
| +522% | +$28.3M |
|
267
KeyCorp
KEY
$24.2B
| $32.2M | 0.09% |
2,264,670
+1,534,147
| +210% | +$20.6M |
|
|
DRE
268
DELISTED
Duke Realty Corp.
DRE
| $32.1M | 0.09% |
1,902,930
+1,810,030
| +1,948% | +$28.9M |
|
269
Intuitive Surgical
ISRG
$127B
| $32.1M | 0.09% |
659,331
-359,091
| -35% | -$16.9M |
|
270
Fidelity National Information Services
FIS
$23.1B
| $31.9M | 0.09% |
596,998
+348,583
| +140% | +$18.6M |
|
|
SC
271
DELISTED
SANTANDER CONSUMER USA HOLDINGS INC
SC
| $31.9M | 0.09% |
+1,325,059
| New | +$32.8M |
|
|
DTV
272
PUT
DELISTED
DIRECTV COM STK (DE)
DTV
| $31.9M | 0.09% |
+417,200
| New | +$30.6M |
|
273
Western Alliance Bancorporation
WAL
$8.79B
| $31.5M | 0.09% |
1,279,692
+1,080,619
| +543% | +$25M |
|
274
CNX Resources
CNX
$5.3B
| $31.4M | 0.09% |
943,950
+340,170
| +56% | +$11M |
|
275
Insmed
INSM
$21.4B
| $31.3M | 0.09% |
1,644,674
+11,806
| +0.7% | +$224K |
|
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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.