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 | |
|---|---|---|---|---|---|---|
501
CALL
NRG Energy
NRG
$28.3B
| $17.9M | 0.05% |
561,500
+553,300
| +6,748% | +$15.9M |
|
|
GWR
502
DELISTED
Genesee & Wyoming Inc.
GWR
| $17.8M | 0.05% |
183,248
-473,407
| -72% | -$44.8M |
|
|
SINA
503
PUT
DELISTED
Sina Corp
SINA
| $17.7M | 0.05% |
292,500
+287,700
| +5,994% | +$20.5M |
|
504
Constellium
CSTM
$3.76B
| $17.6M | 0.05% |
601,207
-12,890
| -2% | -$337K |
|
|
STI
505
DELISTED
SunTrust Banks, Inc.
STI
| $17.6M | 0.05% |
442,758
-843,470
| -66% | -$32.3M |
|
506
PUT
Cisco
CSCO
$457B
| $17.6M | 0.05% |
785,300
-100,200
| -11% | -$2.21M |
|
|
ECHO
507
EchoStar
ECHO
$24.4B
| $17.5M | 0.05% |
455,093
+194,750
| +75% | +$7.7M |
|
508
Morgan Stanley
MS
$331B
| $17.5M | 0.05% |
561,876
-507,721
| -47% | -$15.7M |
|
509
Texas Roadhouse
TXRH
$13.5B
| $17.5M | 0.05% |
669,301
+558,137
| +502% | +$14.4M |
|
|
CBL
510
DELISTED
CBL& Associates Properties, Inc.
CBL
| $17.4M | 0.05% |
982,652
+746,936
| +317% | +$13M |
|
|
SINA
511
DELISTED
Sina Corp
SINA
| $17.4M | 0.05% |
288,489
-527,869
| -65% | -$37.6M |
|
512
Aon
AON
$76.5B
| $17.4M | 0.05% |
206,545
+176,545
| +588% | +$14.7M |
|
|
ETFC
513
DELISTED
E*Trade Financial Corporation
ETFC
| $17.3M | 0.05% |
752,928
-1,233,129
| -62% | -$27M |
|
|
HNT
514
DELISTED
HEALTH NET INC
HNT
| $17.3M | 0.05% |
509,265
+302,444
| +146% | +$9.93M |
|
515
Canadian Solar
CSIQ
$1.02B
| $17.2M | 0.05% |
538,187
+308,016
| +134% | +$11.6M |
|
|
PXD
516
DELISTED
Pioneer Natural Resource Co.
PXD
| $17.2M | 0.05% |
91,744
-287,044
| -76% | -$52.4M |
|
|
EMC
517
DELISTED
EMC CORPORATION
EMC
| $17.2M | 0.05% |
625,867
-17,449
| -3% | -$454K |
|
518
Microchip Technology
MCHP
$40.3B
| $17.2M | 0.05% |
718,276
-224,304
| -24% | -$5.12M |
|
|
IOC
519
CALL
DELISTED
Interoil Corporation
IOC
| $17.1M | 0.05% |
+264,600
| New | +$14.6M |
|
|
CLVS
520
DELISTED
Clovis Oncology, Inc.
CLVS
| $17.1M | 0.05% |
247,008
+46,873
| +23% | +$3.44M |
|
|
CSG
521
DELISTED
CHAMBERS STR PPTYS COM
CSG
| $17M | 0.05% |
2,183,196
+1,695,944
| +348% | +$13.3M |
|
|
OCR
522
DELISTED
OMNICARE INC
OCR
| $16.9M | 0.05% |
283,454
+273,330
| +2,700% | +$16.6M |
|
|
AVDL
523
DELISTED
Avadel Pharmaceuticals
AVDL
| $16.9M | 0.05% |
1,261,678
+1,080,910
| +598% | +$11.6M |
|
524
Dick's Sporting Goods
DKS
$17.5B
| $16.9M | 0.05% |
309,008
+263,878
| +585% | +$14.3M |
|
|
GNC
525
DELISTED
GNC Holdings, Inc.
GNC
| $16.8M | 0.05% |
382,103
+160,267
| +72% | +$7.93M |
|
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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.