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 | |
|---|---|---|---|---|---|---|
801
Cintas
CTAS
$81.9B
| $10.1M | 0.03% |
677,368
+503,680
| +290% | +$7.44M |
|
|
ACAS
802
DELISTED
American Capital Ltd
ACAS
| $10M | 0.03% |
636,068
+453,809
| +249% | +$6.99M |
|
803
CALL
Eversource Energy
ES
$26.9B
| $10M | 0.03% |
220,600
+120,000
| +119% | +$5.24M |
|
804
Ford
F
$58.5B
| $10M | 0.03% |
642,736
+427,505
| +199% | +$6.62M |
|
805
PENN Entertainment
PENN
$2.75B
| $10M | 0.03% |
812,787
-85,692
| -10% | -$1.06M |
|
806
Viasat
VSAT
$10.6B
| $10M | 0.03% |
144,851
-43,291
| -23% | -$2.81M |
|
|
SIR
807
DELISTED
SELECT INCOME REIT
SIR
| $9.99M | 0.03% |
750,718
+327,404
| +77% | +$4.08M |
|
|
LTM
808
DELISTED
LIFE TIME FITNESS INC
LTM
| $9.97M | 0.03% |
207,265
+134,528
| +185% | +$6.14M |
|
809
Whirlpool
WHR
$2.43B
| $9.92M | 0.03% |
66,382
-155,984
| -70% | -$22.6M |
|
810
United Fire Group
UFCS
$1.32B
| $9.9M | 0.03% |
326,072
-7,678
| -2% | -$216K |
|
811
Coty
COTY
$2.42B
| $9.89M | 0.03% |
660,056
-51,754
| -7% | -$757K |
|
|
SE
812
DELISTED
Spectra Energy Corp Wi
SE
| $9.89M | 0.03% |
267,655
+119,636
| +81% | +$4.34M |
|
|
B
813
Barrick Mining
B
$61.5B
| $9.88M | 0.03% |
554,323
-459,591
| -45% | -$8.89M |
|
|
VRE
814
DELISTED
Veris Residential
VRE
| $9.86M | 0.03% |
+474,127
| New | +$9.98M |
|
|
GST
815
DELISTED
Gastar Exploration Inc.
GST
| $9.84M | 0.03% |
1,798,530
+1,409,144
| +362% | +$8.6M |
|
816
CALL
EOG Resources
EOG
$79.2B
| $9.81M | 0.03% |
+100,000
| New | +$8.9M |
|
|
CEB
817
DELISTED
CEB Inc.
CEB
| $9.8M | 0.03% |
132,009
+85,325
| +183% | +$6.39M |
|
818
AGCO
AGCO
$7.4B
| $9.77M | 0.03% |
177,197
+72,160
| +69% | +$3.86M |
|
|
AEGR
819
DELISTED
Aegerion Pharmaceuticals
AEGR
| $9.77M | 0.03% |
211,597
+145,791
| +222% | +$8.55M |
|
|
OSG
820
Octave Specialty Group
OSG
$243M
| $9.75M | 0.03% |
314,242
+311,142
| +10,037% | +$8.59M |
|
821
Intel
INTC
$455B
| $9.74M | 0.03% |
377,520
+343,120
| +997% | +$8.57M |
|
|
GHDX
822
DELISTED
Genomic Health, Inc.
GHDX
| $9.74M | 0.03% |
369,975
+96,822
| +35% | +$2.78M |
|
823
CALL
Targa Resources
TRGP
$58B
| $9.74M | 0.03% |
98,100
+94,700
| +2,785% | +$8.85M |
|
824
First Financial Bancorp
FFBC
$3.55B
| $9.74M | 0.03% |
541,505
+224,713
| +71% | +$3.85M |
|
825
Cleveland-Cliffs
CLF
$6.57B
| $9.7M | 0.03% |
474,107
+315,977
| +200% | +$6.54M |
|
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.