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 | |
|---|---|---|---|---|---|---|
651
Kilroy Realty
KRC
$4.52B
| $13M | 0.04% |
221,303
-85,867
| -28% | -$4.74M |
|
|
BBBY
652
PUT
DELISTED
Bed Bath & Beyond Inc
BBBY
| $12.9M | 0.04% |
188,100
+180,200
| +2,281% | +$12.2M |
|
653
T. Rowe Price
TROW
$23.9B
| $12.9M | 0.04% |
156,906
-288,780
| -65% | -$23.4M |
|
|
PWE
654
DELISTED
Penn West Energy Petroleum Ltd
PWE
| $12.9M | 0.04% |
1,541,165
+1,403,365
| +1,018% | +$11.3M |
|
655
Dine Brands
DIN
$456M
| $12.9M | 0.04% |
165,014
+102,986
| +166% | +$8.33M |
|
656
Thermo Fisher Scientific
TMO
$213B
| $12.9M | 0.04% |
107,139
+103,311
| +2,699% | +$12.3M |
|
657
Chord Energy
CHRD
$7.9B
| $12.9M | 0.04% |
308,353
+31,116
| +11% | +$1.32M |
|
658
Kohl's
KSS
$2.17B
| $12.9M | 0.04% |
226,556
+84,321
| +59% | +$4.52M |
|
659
Oracle
ORCL
$374B
| $12.8M | 0.04% |
314,037
-58,968
| -16% | -$2.24M |
|
660
O-I Glass
OI
$1.1B
| $12.8M | 0.04% |
+379,319
| New | +$12.6M |
|
661
Middleby
MIDD
$6.04B
| $12.8M | 0.04% |
+145,431
| New | +$12.7M |
|
|
CSOD
662
DELISTED
Cornerstone OnDemand, Inc.
CSOD
| $12.8M | 0.04% |
267,323
+186,591
| +231% | +$10.4M |
|
663
CALL
Netflix
NFLX
$299B
| $12.7M | 0.04% |
2,534,000
+1,995,000
| +370% | +$11.4M |
|
|
MMP
664
CALL
DELISTED
Magellan Midstream Partners, L.P.
MMP
| $12.7M | 0.04% |
+182,200
| New | +$12.1M |
|
|
RAX
665
DELISTED
Rackspace Hosting Inc
RAX
| $12.7M | 0.04% |
+386,950
| New | +$13.9M |
|
666
Compass Minerals
CMP
$1.23B
| $12.7M | 0.04% |
+153,848
| New | +$12.7M |
|
|
XLS
667
DELISTED
EXELIS INC COM STK
XLS
| $12.7M | 0.04% |
713,711
-45,749
| -6% | -$844K |
|
|
DCH
668
Dauch Corp
DCH
$1.34B
| $12.7M | 0.04% |
683,672
+573,060
| +518% | +$11M |
|
669
Workday
WDAY
$39.6B
| $12.7M | 0.04% |
138,492
+64,785
| +88% | +$6.17M |
|
670
Broadcom
AVGO
$1.85T
| $12.7M | 0.04% |
1,963,930
+18,670
| +1% | +$109K |
|
671
PUT
SLB Ltd
SLB
$73.6B
| $12.6M | 0.04% |
+129,500
| New | +$11.7M |
|
672
Evercore
EVR
$12.4B
| $12.6M | 0.04% |
228,026
-65,941
| -22% | -$3.77M |
|
|
FSL
673
DELISTED
FREESCALE SEMICONDUCTOR LTD
FSL
| $12.5M | 0.04% |
514,070
-368,638
| -42% | -$7.32M |
|
674
PUT
Starbucks
SBUX
$120B
| $12.5M | 0.04% |
340,600
+146,000
| +75% | +$5.4M |
|
675
Domino's
DPZ
$11.5B
| $12.5M | 0.04% |
162,057
+120,800
| +293% | +$8.9M |
|
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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.