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 | |
|---|---|---|---|---|---|---|
3651
Insteel Industries
IIIN
$623M
| – | – |
-26,742
| Closed | -$608K |
|
3652
CALL
Illumina
ILMN
$28.8B
| – | – |
-6,990
| Closed | -$752K |
|
|
3653
PUT
Illumina
ILMN
$28.8B
| – | – |
-21,177
| Closed | -$2.28M |
|
3654
Immersion
IMMR
$251M
| – | – |
-80,223
| Closed | -$833K |
|
3655
PUT
Incyte
INCY
$23.9B
| – | – |
-40,200
| Closed | -$2.04M |
|
3656
Infosys
INFY
$47B
| – | – |
-1,224,216
| Closed | -$8.66M |
|
3657
CALL
Intuit
INTU
$84.3B
| – | – |
-6,700
| Closed | -$511K |
|
3658
Innoviva
INVA
$1.59B
| – | – |
-420,591
| Closed | -$12.1M |
|
|
3659
PUT
Innoviva
INVA
$1.59B
| – | – |
-173,988
| Closed | -$5M |
|
3660
CALL
Ionis Pharmaceuticals
IONS
$9.29B
| – | – |
-9,300
| Closed | -$371K |
|
|
3661
PUT
Ionis Pharmaceuticals
IONS
$9.29B
| – | – |
-8,200
| Closed | -$327K |
|
3662
IPG Photonics
IPGP
$3.77B
| – | – |
-3,597
| Closed | -$279K |
|
3663
CALL
Iron Mountain
IRM
$37.4B
| – | – |
-10,387
| Closed | -$291K |
|
3664
CALL
Invesco
IVZ
$13.2B
| – | – |
-75,000
| Closed | -$2.73M |
|
3665
PUT
JetBlue
JBLU
$2.03B
| – | – |
-150,000
| Closed | -$1.28M |
|
3666
St. Joe Company
JOE
$3.53B
| – | – |
-39,813
| Closed | -$737K |
|
|
JWN
3667
CALL
DELISTED
Nordstrom
JWN
| – | – |
-100,000
| Closed | -$6.18M |
|
|
JWN
3668
PUT
DELISTED
Nordstrom
JWN
| – | – |
-100,200
| Closed | -$6.19M |
|
3669
State Street SPDR S&P Bank ETF
KBE
$1.64B
| – | – |
-7,057
| Closed | -$234K |
|
3670
Korea Electric Power
KEP
$15.6B
| – | – |
-17,300
| Closed | -$287K |
|
3671
PUT
Kinross Gold
KGC
$28.3B
| – | – |
-750,000
| Closed | -$3.29M |
|
3672
Kimco Realty
KIM
$17.9B
| – | – |
-680,355
| Closed | -$13.4M |
|
3673
KLA
KLAC
$261B
| – | – |
-199,910
| Closed | -$1.29M |
|
3674
Kamada
KMDA
$401M
| – | – |
-82,307
| Closed | -$1.22M |
|
3675
Coca-Cola
KO
$361B
| – | – |
-7,400
| Closed | -$306K |
|
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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.