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 | |
|---|---|---|---|---|---|---|
3051
CALL
Annaly Capital Management
NLY
$17.1B
| $247K | ﹤0.01% |
5,625
+2,650
| +89% | +$115K |
|
3052
SK Telecom
SKM
$11.7B
| $247K | ﹤0.01% |
+6,633
| New | +$242K |
|
|
STCN
3053
DELISTED
Steel Connect, Inc. Common Stock
STCN
| $247K | ﹤0.01% |
+6,253
| New | +$290K |
|
|
SMRT
3054
DELISTED
Stein Mart Inc
SMRT
| $247K | ﹤0.01% |
17,653
-17,099
| -49% | -$231K |
|
|
BBOX
3055
DELISTED
Black Box Corp
BBOX
| $247K | ﹤0.01% |
+10,167
| New | +$272K |
|
3056
Terreno Realty
TRNO
$7.77B
| $246K | ﹤0.01% |
+12,998
| New | +$234K |
|
|
NTRI
3057
CALL
DELISTED
NutriSystem, Inc.
NTRI
| $246K | ﹤0.01% |
16,300
-500
| -3% | -$7.62K |
|
|
AOI
3058
DELISTED
Alliance One International
AOI
| $246K | ﹤0.01% |
8,419
+7,299
| +652% | +$202K |
|
3059
CALL
Dolby
DLB
$4.94B
| $245K | ﹤0.01% |
+5,500
| New | +$231K |
|
3060
PUT
Everest Group
EG
$15.8B
| $245K | ﹤0.01% |
1,600
-1,400
| -47% | -$207K |
|
|
CXO
3061
PUT
DELISTED
CONCHO RESOURCES INC.
CXO
| $245K | ﹤0.01% |
2,000
-800
| -29% | -$88.1K |
|
|
ARII
3062
DELISTED
American Railcar Industries, Inc.
ARII
| $245K | ﹤0.01% |
+3,505
| New | +$202K |
|
3063
PUT
Union Pacific
UNP
$178B
| $244K | ﹤0.01% |
+2,600
| New | +$231K |
|
|
3064
PUT
Edison International
EIX
$31B
| $243K | ﹤0.01% |
+4,300
| New | +$214K |
|
3065
Gartner
IT
$10.4B
| $243K | ﹤0.01% |
3,500
-200
| -5% | -$13.8K |
|
3066
CALL
Zoetis
ZTS
$32.9B
| $243K | ﹤0.01% |
+8,400
| New | +$257K |
|
|
DD
3067
CALL
DELISTED
Du Pont De Nemours E I
DD
| $242K | ﹤0.01% |
3,791
-12,004
| -76% | -$734K |
|
|
TYC
3068
PUT
DELISTED
TYCO INTL PLC COM SHS (IRL)
TYC
| $242K | ﹤0.01% |
+5,443
| New | +$238K |
|
3069
CALL
Salesforce
CRM
$147B
| $240K | ﹤0.01% |
4,200
-303,800
| -99% | -$18.2M |
|
3070
PUT
Gen Digital
GEN
$16.4B
| $240K | ﹤0.01% |
+12,000
| New | +$257K |
|
3071
VanEck Oil Services ETF
OIH
$2.02B
| $240K | ﹤0.01% |
238
-8,341
| -97% | -$7.92M |
|
|
ORC
3072
Orchid Island Capital
ORC
$1.3B
| $240K | ﹤0.01% |
+4,046
| New | +$256K |
|
3073
PhenixFIN
PFX
$84.1M
| $240K | ﹤0.01% |
883
+274
| +45% | +$76.5K |
|
3074
CALL
Williams-Sonoma
WSM
$28.1B
| $240K | ﹤0.01% |
7,200
-366,400
| -98% | -$10.7M |
|
|
SPA
3075
DELISTED
Sparton
SPA
| $240K | ﹤0.01% |
+8,207
| New | +$249K |
|
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.