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 | |
|---|---|---|---|---|---|---|
3526
Amdocs
DOX
$5.64B
| – | – |
-111,218
| Closed | -$4.59M |
|
3527
Diana Shipping
DSX
$274M
| – | – |
-247,220
| Closed | -$2.3M |
|
3528
Electronic Arts
EA
$52.4B
| – | – |
-320,728
| Closed | -$7.36M |
|
|
3529
PUT
Electronic Arts
EA
$52.4B
| – | – |
-39,900
| Closed | -$915K |
|
3530
Ennis
EBF
$550M
| – | – |
-46,603
| Closed | -$825K |
|
3531
Ecopetrol
EC
$32.5B
| – | – |
-39,549
| Closed | -$1.52M |
|
3532
CALL
Consolidated Edison
ED
$41.1B
| – | – |
-100,000
| Closed | -$5.53M |
|
3533
CALL
New Oriental
EDU
$7.94B
| – | – |
-20,200
| Closed | -$636K |
|
|
3534
New Oriental
EDU
$7.94B
| – | – |
-33,900
| Closed | -$1.07M |
|
3535
Euronet Worldwide
EEFT
$3.01B
| – | – |
-59,026
| Closed | -$2.82M |
|
3536
Equifax
EFX
$20.8B
| – | – |
-147,806
| Closed | -$10.2M |
|
3537
Eagle Bancorp
EGBN
$858M
| – | – |
-17,098
| Closed | -$524K |
|
3538
8x8 Inc
EGHT
$262M
| – | – |
-24,091
| Closed | -$245K |
|
3539
EastGroup Properties
EGP
$11.3B
| – | – |
-71,579
| Closed | -$4.15M |
|
3540
eHealth
EHTH
$43.2M
| – | – |
-37,300
| Closed | -$1.73M |
|
3541
Elevance Health
ELV
$82.1B
| – | – |
-138,541
| Closed | -$12.8M |
|
3542
Enbridge
ENB
$121B
| – | – |
-78,116
| Closed | -$3.37M |
|
3543
Enanta Pharmaceuticals
ENTA
$370M
| – | – |
-107,519
| Closed | -$2.93M |
|
3544
CALL
Edgewell Personal Care
EPC
$1.28B
| – | – |
-4,317
| Closed | -$346K |
|
3545
CALL
Equinix
EQIX
$103B
| – | – |
-2,800
| Closed | -$497K |
|
|
3546
PUT
Equinix
EQIX
$103B
| – | – |
-43,900
| Closed | -$7.79M |
|
3547
Equinor
EQNR
$91.4B
| – | – |
-379,326
| Closed | -$9.15M |
|
3548
CALL
Equity Residential
EQR
$25.2B
| – | – |
-209,900
| Closed | -$10.9M |
|
3549
CALL
Ericsson
ERIC
$31.8B
| – | – |
-1,191,800
| Closed | -$14.6M |
|
|
EMBJ
3550
Embraer S.A. ADS
EMBJ
$12.1B
| – | – |
-21,383
| Closed | -$688K |
|
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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.