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 | |
|---|---|---|---|---|---|---|
|
CB
2951
PUT
DELISTED
CHUBB CORPORATION
CB
| $286K | ﹤0.01% |
+3,200
| New | +$280K |
|
|
BHR
2952
Braemar Hotels & Resorts
BHR
$161M
| $285K | ﹤0.01% |
+19,026
| New | +$315K |
|
2953
CALL
Danaher
DHR
$140B
| $285K | ﹤0.01% |
+5,654
| New | +$288K |
|
2954
Stryker
SYK
$132B
| $285K | ﹤0.01% |
3,500
-155,700
| -98% | -$12.4M |
|
2955
CALL
Xcel Energy
XEL
$50.7B
| $285K | ﹤0.01% |
+9,400
| New | +$274K |
|
2956
Hecla Mining
HL
$9.83B
| $283K | ﹤0.01% |
+92,148
| New | +$303K |
|
|
WEB
2957
CALL
DELISTED
Web.com Group, Inc.
WEB
| $282K | ﹤0.01% |
+8,300
| New | +$284K |
|
2958
PUT
American Water Works
AWK
$26.9B
| $281K | ﹤0.01% |
+6,200
| New | +$268K |
|
2959
PUT
Visa
V
$702B
| $281K | ﹤0.01% |
5,200
| – | – |
|
|
WPP
2960
DELISTED
WAUSAU PAPER CORP.
WPP
| $281K | ﹤0.01% |
+22,104
| New | +$290K |
|
2961
PUT
Salesforce
CRM
$150B
| $280K | ﹤0.01% |
4,900
-254,600
| -98% | -$15.2M |
|
2962
CALL
VeriSign
VRSN
$25.4B
| $280K | ﹤0.01% |
5,200
-96,800
| -95% | -$5.48M |
|
2963
PUT
American Express
AXP
$226B
| $279K | ﹤0.01% |
+3,100
| New | +$277K |
|
2964
iShares S&P 500 Value ETF
IVE
$49.5B
| $279K | ﹤0.01% |
+3,211
| New | +$271K |
|
|
HELI
2965
DELISTED
CHC GROUP LTD SHS NEW (CYM)
HELI
| $278K | ﹤0.01% |
+1,255
| New | +$335K |
|
2966
CALL
Strategy Inc
MSTR
$35.4B
| $277K | ﹤0.01% |
24,000
| – | – |
|
|
BRLI
2967
DELISTED
BIO-REFERENCE LABS INC-NEW-
BRLI
| $277K | ﹤0.01% |
+10,000
| New | +$262K |
|
2968
PUT
Analog Devices
ADI
$180B
| $276K | ﹤0.01% |
+5,200
| New | +$262K |
|
2969
AudioCodes
AUDC
$249M
| $276K | ﹤0.01% |
+38,053
| New | +$298K |
|
|
KAMN
2970
DELISTED
Kaman Corp
KAMN
| $276K | ﹤0.01% |
6,781
-23,245
| -77% | -$922K |
|
|
DRRX
2971
DELISTED
DURECT Corp
DRRX
| $275K | ﹤0.01% |
20,695
+16,282
| +369% | +$284K |
|
|
ACH
2972
DELISTED
Alum Corp of China Ltd
ACH
| $275K | ﹤0.01% |
31,843
-19,109
| -38% | -$169K |
|
|
AWAY
2973
CALL
DELISTED
HOMEAWAY INC COM
AWAY
| $275K | ﹤0.01% |
7,300
-4,600
| -39% | -$194K |
|
|
RENX
2974
DELISTED
RELX N.V.
RENX
| $275K | ﹤0.01% |
19,526
-38,527
| -66% | -$536K |
|
2975
PUT
Prologis
PLD
$138B
| $274K | ﹤0.01% |
+6,700
| New | +$264K |
|
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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.