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 | |
|---|---|---|---|---|---|---|
401
CALL
EQT Corp
EQT
$33.3B
| $22.4M | 0.07% |
+424,714
| New | +$22.1M |
|
402
Weyerhaeuser
WY
$18B
| $22.3M | 0.06% |
760,898
+430,589
| +130% | +$13M |
|
403
CALL
Moody's
MCO
$82.8B
| $22.3M | 0.06% |
+281,000
| New | +$22M |
|
|
SCG
404
DELISTED
Scana
SCG
| $22.1M | 0.06% |
431,317
+213,091
| +98% | +$10.3M |
|
405
Range Resources
RRC
$9.38B
| $22M | 0.06% |
265,604
-65,927
| -20% | -$5.61M |
|
|
EPB
406
CALL
DELISTED
EL PASO PIPELINE PARTNERS, L.P. COM UNITS REPSTG LTD PART
EPB
| $22M | 0.06% |
+724,400
| New | +$23M |
|
407
CALL
DuPont de Nemours
DD
$18.5B
| $22M | 0.06% |
178,684
+176,117
| +6,861% | +$20.8M |
|
408
Wynn Resorts
WYNN
$10.3B
| $21.9M | 0.06% |
+98,638
| New | +$21.7M |
|
|
ABMD
409
DELISTED
Abiomed Inc
ABMD
| $21.9M | 0.06% |
841,173
+196,345
| +30% | +$5.43M |
|
410
Corpay
CPAY
$25B
| $21.9M | 0.06% |
190,201
-137,282
| -42% | -$16M |
|
411
PUT
Gilead Sciences
GILD
$162B
| $21.8M | 0.06% |
308,100
+193,100
| +168% | +$15.1M |
|
412
Apple
AAPL
$4.54T
| $21.7M | 0.06% |
1,133,692
-4,477,256
| -80% | -$85.2M |
|
413
Forum Energy Technologies
FET
$708M
| $21.7M | 0.06% |
+34,970
| New | +$19M |
|
414
Liberty Global Class A
LBTYA
$3.62B
| $21.7M | 0.06% |
631,210
+102,829
| +19% | +$3.62M |
|
415
Roper Technologies
ROP
$38.8B
| $21.5M | 0.06% |
160,920
+114,344
| +245% | +$15.6M |
|
416
TE Connectivity
TEL
$59.6B
| $21.4M | 0.06% |
356,062
-190,709
| -35% | -$10.9M |
|
|
CHK
417
DELISTED
Chesapeake Energy Corporation
CHK
| $21.4M | 0.06% |
4,414
+1,260
| +40% | +$6.14M |
|
418
Conagra Brands
CAG
$6.94B
| $21.4M | 0.06% |
884,266
-1,569,544
| -64% | -$37.7M |
|
|
ATMI
419
DELISTED
A T M I INC
ATMI
| $21.3M | 0.06% |
+627,258
| New | +$20.2M |
|
|
VIAB
420
DELISTED
Viacom Inc. Class B
VIAB
| $21.3M | 0.06% |
250,481
+127,710
| +104% | +$10.9M |
|
|
TWC
421
PUT
DELISTED
TIME WARNER CABLE INC NEW COM STK
TWC
| $21.3M | 0.06% |
155,000
-16,300
| -10% | -$2.23M |
|
422
Trane Technologies
TT
$100B
| $21.2M | 0.06% |
370,789
+54,719
| +17% | +$3.26M |
|
423
Agnico Eagle Mines
AEM
$73.6B
| $21.1M | 0.06% |
698,401
+672,601
| +2,607% | +$21.1M |
|
424
CoStar Group
CSGP
$11.7B
| $20.9M | 0.06% |
1,121,410
+862,090
| +332% | +$16.3M |
|
425
CALL
Energy Transfer Partners
ET
$70.1B
| $20.9M | 0.06% |
895,000
+135,000
| +18% | +$2.92M |
|
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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.