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 | |
|---|---|---|---|---|---|---|
|
UPL
576
PUT
DELISTED
Ultra Petroleum Corp. Common Stock
UPL
| $15.1M | 0.04% |
+562,800
| New | +$13.4M |
|
577
CALL
Meta Platforms (Facebook)
META
$1.42T
| $15.1M | 0.04% |
251,200
-32,800
| -12% | -$2.08M |
|
|
GMCR
578
DELISTED
KEURIG GREEN MTN INC
GMCR
| $15.1M | 0.04% |
+143,209
| New | +$14.2M |
|
|
ATML
579
DELISTED
ATMEL CORP
ATML
| $15.1M | 0.04% |
1,805,265
+38,290
| +2% | +$314K |
|
|
WCC
580
WESCO International
WCC
$16.7B
| $15.1M | 0.04% |
181,016
+43,238
| +31% | +$3.71M |
|
581
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
$26.6B
| $15M | 0.04% |
59,990
+15,977
| +36% | +$3.92M |
|
582
Verisk Analytics
VRSK
$25.4B
| $15M | 0.04% |
249,423
+223,962
| +880% | +$14.2M |
|
583
PUT
MetLife
MET
$61.9B
| $14.9M | 0.04% |
317,189
+159,211
| +101% | +$7.32M |
|
|
AMAG
584
DELISTED
AMAG Pharmaceuticals
AMAG
| $14.9M | 0.04% |
768,214
+619,287
| +416% | +$13.2M |
|
|
PNK
585
DELISTED
Pinnacle Entertainment Inc.
PNK
| $14.9M | 0.04% |
627,042
+155,393
| +33% | +$3.64M |
|
586
Option Care Health
OPCH
$3.45B
| $14.9M | 0.04% |
532,026
+48,604
| +10% | +$1.5M |
|
|
JOSB
587
DELISTED
JOS A BANK CLOTHIERS INC
JOSB
| $14.8M | 0.04% |
230,680
+160,849
| +230% | +$9.4M |
|
588
Repligen
RGEN
$7.96B
| $14.8M | 0.04% |
1,153,314
+269,855
| +31% | +$3.87M |
|
|
TLM
589
DELISTED
TALISMAN ENERGY INC
TLM
| $14.8M | 0.04% |
1,484,478
+1,123,590
| +311% | +$11.9M |
|
590
CALL
Halliburton
HAL
$26.9B
| $14.7M | 0.04% |
250,100
-251,800
| -50% | -$13.4M |
|
591
Wells Fargo
WFC
$261B
| $14.7M | 0.04% |
296,108
-164,822
| -36% | -$7.68M |
|
592
CALL
Deere & Co
DE
$160B
| $14.6M | 0.04% |
161,100
+155,100
| +2,585% | +$13.6M |
|
|
TSRO
593
DELISTED
TESARO, Inc.
TSRO
| $14.6M | 0.04% |
494,416
+422,159
| +584% | +$13.3M |
|
|
ENDP
594
CALL
DELISTED
Endo International plc
ENDP
| $14.5M | 0.04% |
+211,900
| New | +$15M |
|
|
SPN
595
DELISTED
Superior Energy Services, Inc.
SPN
| $14.5M | 0.04% |
47,144
+39,985
| +559% | +$10.7M |
|
|
MGLN
596
DELISTED
Magellan Health Services, Inc.
MGLN
| $14.4M | 0.04% |
242,973
+198,980
| +452% | +$11.9M |
|
597
Carlisle Companies
CSL
$14.3B
| $14.4M | 0.04% |
181,609
-273,273
| -60% | -$21.2M |
|
598
FedEx
FDX
$72.7B
| $14.4M | 0.04% |
108,461
-52,404
| -33% | -$7.12M |
|
|
CB
599
DELISTED
CHUBB CORPORATION
CB
| $14.4M | 0.04% |
160,849
+147,684
| +1,122% | +$12.9M |
|
600
Meritage Homes
MTH
$4.58B
| $14.4M | 0.04% |
685,526
+470,828
| +219% | +$10.7M |
|
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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.