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 | |
|---|---|---|---|---|---|---|
2976
PC Connection
CNXN
$2.11B
| $273K | ﹤0.01% |
13,448
-629
| -4% | -$13.6K |
|
2977
CALL
Dick's Sporting Goods
DKS
$18.6B
| $273K | ﹤0.01% |
+5,000
| New | +$270K |
|
2978
CALL
Transocean
RIG
$5.64B
| $273K | ﹤0.01% |
6,600
-146,300
| -96% | -$6.36M |
|
2979
Teledyne Technologies
TDY
$29.8B
| $273K | ﹤0.01% |
2,804
-24,042
| -90% | -$2.28M |
|
2980
PUT
Archrock
AROC
$6.14B
| $272K | ﹤0.01% |
+6,200
| New | +$231K |
|
2981
Brown-Forman Class B
BF.B
$13.2B
| $272K | ﹤0.01% |
9,472
-144,544
| -94% | -$3.79M |
|
2982
CALL
GSK
GSK
$107B
| $272K | ﹤0.01% |
+4,080
| New | +$276K |
|
2983
PUT
Snap-on
SNA
$21.6B
| $272K | ﹤0.01% |
+2,400
| New | +$260K |
|
2984
PUT
ASML
ASML
$606B
| $271K | ﹤0.01% |
+2,900
| New | +$258K |
|
2985
CALL
Howard Hughes
HHH
$3.94B
| $271K | ﹤0.01% |
+1,993
| New | +$251K |
|
2986
Marriott Vacations Worldwide
VAC
$3.4B
| $271K | ﹤0.01% |
4,841
-182,300
| -97% | -$9.42M |
|
2987
Cerus
CERS
$587M
| $270K | ﹤0.01% |
56,150
+42,050
| +298% | +$270K |
|
2988
PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund
HYS
$1.75B
| $270K | ﹤0.01% |
+2,528
| New | +$269K |
|
2989
National CineMedia
NCMI
$371M
| $270K | ﹤0.01% |
1,800
+450
| +33% | +$77.7K |
|
2990
CALL
AT&T
T
$169B
| $270K | ﹤0.01% |
+10,195
| New | +$256K |
|
2991
PUT
RTX Corp
RTX
$293B
| $269K | ﹤0.01% |
+3,655
| New | +$263K |
|
|
CTRX
2992
PUT
DELISTED
CATAMARAN CORP COM STK (CDA)
CTRX
| $269K | ﹤0.01% |
6,000
| – | – |
|
2993
PUT
Las Vegas Sands
LVS
$32B
| $267K | ﹤0.01% |
3,300
-71,700
| -96% | -$5.76M |
|
2994
PUT
BioMarin Pharmaceuticals
BMRN
$11.9B
| $266K | ﹤0.01% |
+3,900
| New | +$287K |
|
2995
Upbound Group
UPBD
$1.24B
| $266K | ﹤0.01% |
10,002
-156,999
| -94% | -$4.25M |
|
|
IIP
2996
DELISTED
INTERNAP NETWORK SERVICES CORPORATION
IIP
| $266K | ﹤0.01% |
37,587
-31,204
| -45% | -$221K |
|
|
KMI.WS
2997
DELISTED
Kinder Morgan Inc
KMI.WS
| $266K | ﹤0.01% |
150,085
| – | – |
|
2998
CALL
Stratasys
SSYS
$695M
| $265K | ﹤0.01% |
2,500
+500
| +25% | +$59.8K |
|
|
USCR
2999
DELISTED
U S Concrete, Inc.
USCR
| $265K | ﹤0.01% |
+11,279
| New | +$263K |
|
|
HITK
3000
DELISTED
HI-TECH PHARMACAL INC
HITK
| $265K | ﹤0.01% |
+6,116
| New | +$265K |
|
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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.