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 | |
|---|---|---|---|---|---|---|
3101
PUT
Strategy Inc
MSTR
$36B
| $231K | ﹤0.01% |
20,000
| – | – |
|
3102
PUT
PRA Group
PRAA
$683M
| $231K | ﹤0.01% |
4,000
-400
| -9% | -$21.5K |
|
|
CGI
3103
DELISTED
Celadon Group Inc
CGI
| $231K | ﹤0.01% |
9,590
-21,675
| -69% | -$472K |
|
3104
CALL
Everest Group
EG
$15.4B
| $230K | ﹤0.01% |
1,500
-1,300
| -46% | -$192K |
|
3105
PUT
Dentsply Sirona
XRAY
$2.61B
| $230K | ﹤0.01% |
+5,000
| New | +$231K |
|
|
AGU
3106
DELISTED
Agrium
AGU
| $230K | ﹤0.01% |
+2,354
| New | +$216K |
|
|
OKSB
3107
DELISTED
Southwest Bancorp Inc/OK
OKSB
| $230K | ﹤0.01% |
13,010
-13,744
| -51% | -$239K |
|
3108
PUT
Agilent Technologies
A
$38.9B
| $229K | ﹤0.01% |
5,732
-14,958
| -72% | -$616K |
|
3109
PUT
H&R Block
HRB
$5.37B
| $229K | ﹤0.01% |
+7,600
| New | +$228K |
|
3110
CALL
Nike
NKE
$62.5B
| $229K | ﹤0.01% |
6,200
-6,400
| -51% | -$242K |
|
3111
CALL
Mercado Libre
MELI
$92.3B
| $228K | ﹤0.01% |
+2,400
| New | +$234K |
|
3112
PUT
ResMed
RMD
$29.5B
| $228K | ﹤0.01% |
5,100
-121,000
| -96% | -$5.43M |
|
3113
Seacoast Banking Corp of Florida
SBCF
$3.23B
| $228K | ﹤0.01% |
20,752
+10,532
| +103% | +$120K |
|
3114
Vanguard S&P 500 ETF
VOO
$968B
| $228K | ﹤0.01% |
+1,329
| New | +$223K |
|
|
PBCT
3115
CALL
DELISTED
People's United Financial Inc
PBCT
| $228K | ﹤0.01% |
+15,300
| New | +$223K |
|
|
ZIXI
3116
DELISTED
Zix Corporation
ZIXI
| $228K | ﹤0.01% |
55,162
+28,149
| +104% | +$127K |
|
3117
ORIX
IX
$43.9B
| $227K | ﹤0.01% |
+16,110
| New | +$246K |
|
|
FL
3118
PUT
DELISTED
Foot Locker
FL
| $226K | ﹤0.01% |
4,800
-52,900
| -92% | -$2.2M |
|
3119
IMAX
IMAX
$2.47B
| $226K | ﹤0.01% |
+8,255
| New | +$225K |
|
3120
NWPX Infrastructure Inc
NWPX
$1.24B
| $226K | ﹤0.01% |
+6,260
| New | +$223K |
|
3121
PUT
United Parcel Service
UPS
$96B
| $224K | ﹤0.01% |
+2,300
| New | +$224K |
|
3122
Banco Macro
BMA
$5.89B
| $223K | ﹤0.01% |
7,933
-12,864
| -62% | -$288K |
|
3123
PUT
Warner Bros
WBD
$63.4B
| $223K | ﹤0.01% |
+5,284
| New | +$223K |
|
|
LVNTA
3124
DELISTED
Liberty Interactive Corporation Series A Liberty Ventures
LVNTA
| $223K | ﹤0.01% |
6,976
-158,319
| -96% | -$5.03M |
|
3125
CALL
Duke Energy
DUK
$100B
| $221K | ﹤0.01% |
+3,100
| New | +$216K |
|
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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.