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 | |
|---|---|---|---|---|---|---|
|
LBMH
351
DELISTED
LIBERATOR MED HLDGS INC (NY)
LBMH
| $25.6M | 0.07% |
6,505,000
-1,223,202
| -16% | -$5.36M |
|
352
AstraZeneca
AZN
$263B
| $25.5M | 0.07% |
393,281
+347,681
| +762% | +$22.5M |
|
353
Vulcan Materials
VMC
$34.8B
| $25.5M | 0.07% |
383,529
+356,215
| +1,304% | +$22.7M |
|
|
ORIG
354
DELISTED
Ocean Rig UDW Inc. Class A Common Shares
ORIG
| $25.4M | 0.07% |
155
+27
| +21% | +$4.38M |
|
355
Mettler-Toledo International
MTD
$28.6B
| $25.4M | 0.07% |
107,882
+68,081
| +171% | +$16.7M |
|
|
UNT
356
DELISTED
UNIT Corporation
UNT
| $25.4M | 0.07% |
388,822
+170,003
| +78% | +$9.46M |
|
357
Hyatt Hotels
H
$16.4B
| $25.3M | 0.07% |
470,688
+64,779
| +16% | +$3.3M |
|
358
Mohawk Industries
MHK
$7.5B
| $25.3M | 0.07% |
186,174
-150,249
| -45% | -$21.5M |
|
359
Invesco
IVZ
$13.1B
| $25.3M | 0.07% |
682,620
+560,636
| +460% | +$19.4M |
|
|
CNL
360
DELISTED
CLECO CRP (HOLDING CO)
CNL
| $25.2M | 0.07% |
499,040
+337,090
| +208% | +$16.3M |
|
361
MBIA
MBI
$261M
| $25.2M | 0.07% |
1,803,981
+1,792,481
| +15,587% | +$22.8M |
|
362
Itaú Unibanco
ITUB
$93.2B
| $25.2M | 0.07% |
+4,651,036
| New | +$22.2M |
|
363
Iron Mountain
IRM
$36.4B
| $25.2M | 0.07% |
+988,447
| New | +$25.3M |
|
|
NFX
364
CALL
DELISTED
Newfield Exploration
NFX
| $25.2M | 0.07% |
803,100
+766,400
| +2,088% | +$20.3M |
|
365
Lockheed Martin
LMT
$134B
| $25.2M | 0.07% |
154,104
+150,336
| +3,990% | +$23.6M |
|
|
QCOR
366
DELISTED
QUESTCOR PHARMA INC
QCOR
| $25.1M | 0.07% |
386,940
+337,811
| +688% | +$21.6M |
|
367
Incyte
INCY
$24.2B
| $25M | 0.07% |
466,309
-1,081,627
| -70% | -$67.1M |
|
|
CPWR
368
DELISTED
COMPUWARE CORP
CPWR
| $24.9M | 0.07% |
2,468,678
-25,784
| -1% | -$261K |
|
|
MRO
369
DELISTED
Marathon Oil Corporation
MRO
| $24.9M | 0.07% |
700,180
-125,915
| -15% | -$4.24M |
|
|
ALE
370
DELISTED
Allete
ALE
| $24.7M | 0.07% |
471,962
+231,965
| +97% | +$11.6M |
|
|
SWY
371
DELISTED
SAFEWAY INC
SWY
| $24.5M | 0.07% |
739,566
-622,352
| -46% | -$19.3M |
|
372
Duke Energy
DUK
$97.8B
| $24.4M | 0.07% |
343,003
-177,190
| -34% | -$12.4M |
|
|
NVDQ
373
DELISTED
Novadaq Technologies Inc.
NVDQ
| $24.2M | 0.07% |
1,087,436
+372,699
| +52% | +$7.4M |
|
374
Simon Property Group
SPG
$74.4B
| $24.2M | 0.07% |
156,724
+46,185
| +42% | +$6.88M |
|
375
Timken Company
TKR
$9.56B
| $24.2M | 0.07% |
574,342
+506,803
| +750% | +$20.8M |
|
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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.