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 | |
|---|---|---|---|---|---|---|
|
CLD
476
DELISTED
Cloud Peak Energy Inc
CLD
| $18.8M | 0.05% |
+889,845
| New | +$16.7M |
|
|
HZNP
477
DELISTED
Horizon Therapeutics Public Limited Company Ordinary Shares
HZNP
| $18.8M | 0.05% |
1,240,806
+344,195
| +38% | +$3.89M |
|
478
Align Technology
ALGN
$12.1B
| $18.8M | 0.05% |
362,034
+289,906
| +402% | +$16.2M |
|
479
CALL
Amgen
AMGN
$208B
| $18.6M | 0.05% |
150,900
+70,100
| +87% | +$8.5M |
|
|
DTV
480
DELISTED
DIRECTV COM STK (DE)
DTV
| $18.6M | 0.05% |
243,390
+28,183
| +13% | +$2.07M |
|
481
Salesforce
CRM
$151B
| $18.5M | 0.05% |
324,804
-64,465
| -17% | -$3.85M |
|
|
RSPP
482
DELISTED
RSP Permian, Inc.
RSPP
| $18.5M | 0.05% |
+641,851
| New | +$16.1M |
|
483
Boeing
BA
$171B
| $18.5M | 0.05% |
147,502
-182,103
| -55% | -$23.7M |
|
|
LVLT
484
DELISTED
Level 3 Communications Inc
LVLT
| $18.5M | 0.05% |
471,431
+160,945
| +52% | +$5.79M |
|
485
Alcoa
AA
$11.9B
| $18.4M | 0.05% |
595,839
+115,380
| +24% | +$3.21M |
|
|
NUVA
486
DELISTED
NuVasive, Inc.
NUVA
| $18.4M | 0.05% |
479,714
+325,177
| +210% | +$11.9M |
|
487
PUT
Targa Resources
TRGP
$58B
| $18.4M | 0.05% |
185,600
+182,100
| +5,203% | +$17M |
|
488
GSK
GSK
$104B
| $18.4M | 0.05% |
274,854
-1,759
| -0.6% | -$119K |
|
489
Chevron
CVX
$392B
| $18.4M | 0.05% |
154,328
-288,617
| -65% | -$33.6M |
|
490
Delek US
DK
$4.16B
| $18.3M | 0.05% |
631,314
+430,958
| +215% | +$13M |
|
491
Cognizant
CTSH
$24.9B
| $18.3M | 0.05% |
361,669
+309,295
| +591% | +$15.5M |
|
492
Liberty Global Class C
LBTYK
$3.53B
| $18.3M | 0.05% |
554,120
-149,377
| -21% | -$4.99M |
|
|
DATA
493
DELISTED
Tableau Software, Inc.
DATA
| $18.2M | 0.05% |
239,206
-153,537
| -39% | -$12.9M |
|
|
CSC
494
DELISTED
Computer Sciences
CSC
| $18.1M | 0.05% |
707,667
+605,028
| +589% | +$15.2M |
|
|
TRAK
495
DELISTED
DEALERTRACK TECHNOLOGIES, INC. COM STK
TRAK
| $18.1M | 0.05% |
368,476
+353,953
| +2,437% | +$17.8M |
|
496
Mueller Water Products
MWA
$3.95B
| $18.1M | 0.05% |
1,901,500
-433,204
| -19% | -$3.98M |
|
497
PUT
Berkshire Hathaway Class B
BRK.B
$1.1T
| $18.1M | 0.05% |
+144,500
| New | +$16.9M |
|
498
Pacific Biosciences
PACB
$435M
| $17.9M | 0.05% |
3,353,536
+907,389
| +37% | +$5.74M |
|
499
United Therapeutics
UTHR
$25.8B
| $17.9M | 0.05% |
190,363
+2,044
| +1% | +$209K |
|
500
PUT
iShares China Large-Cap ETF
FXI
$4.37B
| $17.9M | 0.05% |
+500,000
| New | +$17.5M |
|
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.