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 | |
|---|---|---|---|---|---|---|
426
Equity Residential
EQR
$24.9B
| $20.9M | 0.06% |
359,762
+335,773
| +1,400% | +$18.9M |
|
427
PUT
Microsoft
MSFT
$3.45T
| $20.8M | 0.06% |
508,200
+387,300
| +320% | +$14.5M |
|
428
First Solar
FSLR
$22.7B
| $20.8M | 0.06% |
298,350
-47,325
| -14% | -$2.64M |
|
|
GTU
429
DELISTED
CENTRAL GOLD TR (CANADA)
GTU
| $20.8M | 0.06% |
459,252
+358,969
| +358% | +$16.4M |
|
430
Bio-Rad Laboratories Class A
BIO
$8.71B
| $20.8M | 0.06% |
162,042
+56,355
| +53% | +$7.22M |
|
431
ON Semiconductor
ON
$31.8B
| $20.8M | 0.06% |
2,207,836
+2,084,785
| +1,694% | +$18.7M |
|
432
Costco
COST
$422B
| $20.7M | 0.06% |
185,776
+141,029
| +315% | +$16.1M |
|
|
KS
433
DELISTED
KapStone Paper and Pack Corp.
KS
| $20.7M | 0.06% |
+716,371
| New | +$20.9M |
|
|
AWAY
434
DELISTED
HOMEAWAY INC COM
AWAY
| $20.6M | 0.06% |
+547,134
| New | +$23.1M |
|
|
MTGE
435
DELISTED
MTGE Investment Corp. Common Stock
MTGE
| $20.6M | 0.06% |
1,095,431
+824,962
| +305% | +$16M |
|
|
PDS
436
Precision Drilling
PDS
$999M
| $20.2M | 0.06% |
84,575
+48,166
| +132% | +$9.69M |
|
437
Vipshop
VIPS
$7.37B
| $20.2M | 0.06% |
+1,356,130
| New | +$16.1M |
|
438
PUT
Cadence Design Systems
CDNS
$93.6B
| $20.2M | 0.06% |
1,300,100
+497,800
| +62% | +$7.38M |
|
|
PHH
439
DELISTED
PHH Corporation
PHH
| $20.2M | 0.06% |
781,751
+384,013
| +97% | +$9.64M |
|
|
BTU
440
DELISTED
PEABODY ENERGY CORP COM STK NEW (DE)
BTU
| $20.2M | 0.06% |
82,214
+53,202
| +183% | +$13.5M |
|
441
SPX Corp
SPXC
$11B
| $20.1M | 0.06% |
813,817
+216,511
| +36% | +$5.55M |
|
442
CALL
Golar LNG
GLNG
$5B
| $20.1M | 0.06% |
+483,200
| New | +$17.9M |
|
443
Ryder
R
$9.83B
| $20.1M | 0.06% |
252,054
-349,207
| -58% | -$25.9M |
|
444
State Street SPDR S&P 500 ETF Trust
SPY
$790B
| $20.1M | 0.06% |
107,626
-480,116
| -82% | -$88.1M |
|
|
OPLN
445
Openlane
OPLN
$4.21B
| $20.1M | 0.06% |
1,749,450
+292,778
| +20% | +$3.28M |
|
|
PL
446
DELISTED
PROTECTIVE LIFE CORP
PL
| $20.1M | 0.06% |
+381,910
| New | +$19.6M |
|
|
CRZO
447
DELISTED
Carrizo Oil & Gas Inc
CRZO
| $20M | 0.06% |
375,023
-80,330
| -18% | -$3.68M |
|
448
PUT
Herbalife
HLF
$1.29B
| $20M | 0.06% |
+700,000
| New | +$23.1M |
|
|
SNI
449
DELISTED
Scripps Networks Interactive, Inc Common Class A
SNI
| $20M | 0.06% |
+263,869
| New | +$20.6M |
|
|
SWC
450
DELISTED
Stillwater Mining Co
SWC
| $20M | 0.06% |
1,351,539
+29,106
| +2% | +$396K |
|
Similar funds
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.