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 | |
|---|---|---|---|---|---|---|
|
ESGR
2901
DELISTED
Enstar Group
ESGR
| $307K | ﹤0.01% |
+2,251
| New | +$294K |
|
|
PPLI
2902
PUT
People Inc
PPLI
$3.14B
| $307K | ﹤0.01% |
24,060
-40,847
| -63% | -$525K |
|
|
DWSN
2903
DELISTED
DAWSON GEOPHYSICAL CO
DWSN
| $307K | ﹤0.01% |
+10,975
| New | +$338K |
|
2904
Astec Industries
ASTE
$1.26B
| $306K | ﹤0.01% |
+6,976
| New | +$275K |
|
2905
CALL
American Express
AXP
$226B
| $306K | ﹤0.01% |
+3,400
| New | +$304K |
|
2906
Vaalco Energy
EGY
$549M
| $306K | ﹤0.01% |
35,839
+5,402
| +18% | +$36.3K |
|
2907
FormFactor
FORM
$6.88B
| $306K | ﹤0.01% |
47,880
-18,109
| -27% | -$120K |
|
2908
Monro
MNRO
$539M
| $306K | ﹤0.01% |
5,383
-52,988
| -91% | -$3.03M |
|
2909
iShares MSCI Pacific ex Japan ETF
EPP
$2.22B
| $304K | ﹤0.01% |
+6,313
| New | +$291K |
|
2910
PUT
Rayonier
RYN
$6.63B
| $303K | ﹤0.01% |
+9,741
| New | +$293K |
|
|
IOC
2911
DELISTED
Interoil Corporation
IOC
| $303K | ﹤0.01% |
4,684
-21
| -0.4% | -$1.16K |
|
2912
Enpro
NPO
$6.67B
| $302K | ﹤0.01% |
4,160
-66,997
| -94% | -$4.75M |
|
|
GWPH
2913
DELISTED
GW Pharmaceuticals Plc American Depositary Shares
GWPH
| $302K | ﹤0.01% |
5,094
-145,803
| -97% | -$8.67M |
|
|
SPLS
2914
CALL
DELISTED
Staples Inc
SPLS
| $302K | ﹤0.01% |
26,600
-196,200
| -88% | -$2.56M |
|
|
ERF
2915
DELISTED
Enerplus Corporation
ERF
| $301K | ﹤0.01% |
15,138
-126,297
| -89% | -$2.36M |
|
2916
CALL
Berkshire Hathaway Class B
BRK.B
$1.1T
| $300K | ﹤0.01% |
+2,400
| New | +$280K |
|
2917
CALL
Gartner
IT
$10.5B
| $299K | ﹤0.01% |
+4,300
| New | +$297K |
|
|
JNPR
2918
CALL
DELISTED
Juniper Networks
JNPR
| $299K | ﹤0.01% |
11,600
-442,100
| -97% | -$11.5M |
|
|
CYN
2919
PUT
DELISTED
CITY NATIONAL CORPORATION
CYN
| $299K | ﹤0.01% |
+3,800
| New | +$286K |
|
|
HITT
2920
DELISTED
HITTITE MICROWAVE CORP
HITT
| $299K | ﹤0.01% |
4,743
+136
| +3% | +$8.1K |
|
|
YZC
2921
DELISTED
Yanzhou Coal Mining
YZC
| $299K | ﹤0.01% |
39,754
-4,716
| -11% | -$35.5K |
|
2922
Braskem
BAK
$948M
| $298K | ﹤0.01% |
+19,067
| New | +$288K |
|
|
MCHB
2923
Mechanics Bancorp
MCHB
$3.5B
| $298K | ﹤0.01% |
+15,226
| New | +$287K |
|
|
KED
2924
DELISTED
Kayne Anderson Energy
KED
| $298K | ﹤0.01% |
+9,645
| New | +$278K |
|
2925
PUT
Carpenter Technology
CRS
$27.6B
| $297K | ﹤0.01% |
+4,500
| New | +$272K |
|
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.