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 | |
|---|---|---|---|---|---|---|
601
C.H. Robinson
CHRW
$17.4B
| $14.3M | 0.04% |
273,577
-4,112
| -1% | -$224K |
|
602
Pitney Bowes
PBI
$2.4B
| $14.3M | 0.04% |
550,422
-231,692
| -30% | -$5.71M |
|
603
ANI Pharmaceuticals
ANIP
$1.8B
| $14.3M | 0.04% |
+456,223
| New | +$12.1M |
|
|
KATE
604
DELISTED
Kate Spade & Company
KATE
| $14.3M | 0.04% |
384,518
+71,303
| +23% | +$2.36M |
|
|
FNBC
605
DELISTED
First NBC Bank Holding Company
FNBC
| $14.2M | 0.04% |
406,949
-77,848
| -16% | -$2.57M |
|
|
ARGO
606
DELISTED
Argo Group International Holdings, Ltd.
ARGO
| $14.1M | 0.04% |
428,457
+380,975
| +802% | +$12.4M |
|
|
PX
607
CALL
DELISTED
Praxair Inc
PX
| $14.1M | 0.04% |
+107,700
| New | +$14M |
|
608
Dillards
DDS
$9.19B
| $14.1M | 0.04% |
152,521
+109,808
| +257% | +$9.94M |
|
609
O'Reilly Automotive
ORLY
$72.9B
| $14.1M | 0.04% |
1,423,035
+180,360
| +15% | +$1.72M |
|
610
W&T Offshore
WTI
$534M
| $14.1M | 0.04% |
812,652
-214,266
| -21% | -$3.23M |
|
611
Liberty Media Series A
FWONA
$22.5B
| $14M | 0.04% |
604,754
-41,789
| -6% | -$999K |
|
612
PUT
Nokia
NOK
$51B
| $14M | 0.04% |
+1,913,400
| New | +$14.4M |
|
|
FNFG
613
DELISTED
FIRST NIAGARA FINANCIAL GROUP INC
FNFG
| $14M | 0.04% |
1,484,954
+1,177,561
| +383% | +$10.9M |
|
|
SGNT
614
DELISTED
SAGENT PHARMACEUTICALS INC COM STK (DE)
SGNT
| $14M | 0.04% |
597,431
+247,295
| +71% | +$5.41M |
|
|
EZCH
615
PUT
DELISTED
EZCHIP SEMICONDUCTOR LIMITED ORD SHS (IL)
EZCH
| $14M | 0.04% |
+550,500
| New | +$14.1M |
|
|
DANG
616
DELISTED
E-COMMERCE CHINA DANGDANG INC SPNSRD ADS REP COM CL A (CYM)
DANG
| $13.9M | 0.04% |
970,653
+406,266
| +72% | +$4.89M |
|
|
SRCL
617
DELISTED
Stericycle Inc
SRCL
| $13.9M | 0.04% |
122,648
-23,994
| -16% | -$2.77M |
|
|
CTB
618
DELISTED
Cooper Tire & Rubber Co.
CTB
| $13.9M | 0.04% |
+573,434
| New | +$13.7M |
|
|
ITMN
619
DELISTED
INTERMUNE INC
ITMN
| $13.9M | 0.04% |
416,131
-112,319
| -21% | -$2.5M |
|
620
Fluor
FLR
$7.01B
| $13.9M | 0.04% |
179,097
+163,289
| +1,033% | +$12.7M |
|
621
TherapeuticsMD
TXMD
$23.5M
| $13.9M | 0.04% |
44,100
+7,660
| +21% | +$2.44M |
|
|
BHI
622
CALL
DELISTED
Baker Hughes
BHI
| $13.9M | 0.04% |
+213,900
| New | +$12.7M |
|
|
EXXI
623
DELISTED
ENERGY XXI LTD COM SHS
EXXI
| $13.8M | 0.04% |
585,554
+506,311
| +639% | +$11.9M |
|
624
CALL
Amazon
AMZN
$2.92T
| $13.8M | 0.04% |
820,000
+432,000
| +111% | +$8.02M |
|
625
CALL
H&R Block
HRB
$5.58B
| $13.8M | 0.04% |
+456,800
| New | +$13.7M |
|
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.