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 | |
|---|---|---|---|---|---|---|
|
MCRL
2876
DELISTED
MICREL INC
MCRL
| $325K | ﹤0.01% |
29,355
+11,055
| +60% | +$113K |
|
2877
PUT
Ford
F
$59.6B
| $323K | ﹤0.01% |
20,700
-259,700
| -93% | -$4.02M |
|
2878
Knowles
KN
$3.07B
| $322K | ﹤0.01% |
+10,194
| New | +$316K |
|
2879
Matrix Service
MTRX
$324M
| $321K | ﹤0.01% |
9,515
-42,204
| -82% | -$1.26M |
|
|
IL
2880
DELISTED
IntraLinks Holdings Inc.
IL
| $321K | ﹤0.01% |
31,423
-11,503
| -27% | -$125K |
|
|
REGI
2881
DELISTED
Renewable Energy Group, Inc.
REGI
| $321K | ﹤0.01% |
26,761
-48,574
| -64% | -$537K |
|
2882
CALL
ACI Worldwide
ACIW
$6.1B
| $320K | ﹤0.01% |
+16,200
| New | +$328K |
|
2883
Diodes
DIOD
$3.69B
| $320K | ﹤0.01% |
+12,256
| New | +$294K |
|
2884
Healthcare Services Group
HCSG
$1.63B
| $320K | ﹤0.01% |
11,021
+1,521
| +16% | +$41.7K |
|
2885
Shenandoah Telecom
SHEN
$655M
| $320K | ﹤0.01% |
+19,796
| New | +$266K |
|
|
BIOA.WS
2886
DELISTED
BioAmber Inc.
BIOA.WS
| $320K | ﹤0.01% |
150,000
| – | – |
|
|
IRE
2887
DELISTED
GOVERNOR-BK OF IRELND ADS NEW
IRE
| $319K | ﹤0.01% |
16,500
-10,571
| -39% | -$194K |
|
2888
PUT
VeriSign
VRSN
$25.4B
| $318K | ﹤0.01% |
5,900
+1,900
| +48% | +$108K |
|
2889
WisdomTree Emerging Markets High Dividend Fund
DEM
$3.84B
| $317K | ﹤0.01% |
6,460
+1,955
| +43% | +$92.9K |
|
2890
PUT
NetApp
NTAP
$34.2B
| $317K | ﹤0.01% |
8,600
-1,500
| -15% | -$60.6K |
|
2891
PUT
Domino's
DPZ
$11.6B
| $316K | ﹤0.01% |
+4,100
| New | +$302K |
|
|
KATE
2892
PUT
DELISTED
Kate Spade & Company
KATE
| $315K | ﹤0.01% |
+8,500
| New | +$281K |
|
2893
Independent Bank Corp
IBCP
$797M
| $314K | ﹤0.01% |
24,198
-27,947
| -54% | -$362K |
|
|
RAS
2894
DELISTED
RAIT Financial Trust
RAS
| $314K | ﹤0.01% |
+36,929
| New | +$309K |
|
2895
PUT
Clean Harbors
CLH
$16B
| $312K | ﹤0.01% |
+5,700
| New | +$311K |
|
2896
PUT
NXP Semiconductors
NXPI
$65.4B
| $312K | ﹤0.01% |
+5,300
| New | +$276K |
|
2897
CALL
Buckle
BKE
$2.35B
| $311K | ﹤0.01% |
+6,800
| New | +$310K |
|
2898
CALL
Toronto Dominion Bank
TD
$199B
| $310K | ﹤0.01% |
6,600
-5,800
| -47% | -$261K |
|
2899
TransAlta
TAC
$4.03B
| $309K | ﹤0.01% |
26,523
-4,767
| -15% | -$58.9K |
|
|
DGI
2900
DELISTED
DigitalGlobe Inc.
DGI
| $308K | ﹤0.01% |
10,624
-28,362
| -73% | -$1.04M |
|
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.