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 | |
|---|---|---|---|---|---|---|
826
Lincoln National
LNC
$8.72B
| $9.68M | 0.03% |
191,066
-177,983
| -48% | -$8.95M |
|
827
CALL
Ovintiv
OVV
$17.3B
| $9.67M | 0.03% |
+90,460
| New | +$8.57M |
|
828
PUT
Best Buy
BBY
$18.2B
| $9.67M | 0.03% |
366,100
+325,900
| +811% | +$8.93M |
|
829
Boston Scientific
BSX
$69.5B
| $9.66M | 0.03% |
714,862
-1,081,366
| -60% | -$14.2M |
|
830
CSX Corp
CSX
$93.4B
| $9.66M | 0.03% |
1,000,725
-1,659,480
| -62% | -$15.4M |
|
|
DCT
831
DELISTED
DCT Industrial Trust Inc.
DCT
| $9.66M | 0.03% |
306,556
+22,202
| +8% | +$667K |
|
|
PLCM
832
DELISTED
POLYCOM INC
PLCM
| $9.66M | 0.03% |
704,206
+256,618
| +57% | +$3.22M |
|
|
ARTC
833
DELISTED
ARTHROCARE CORP
ARTC
| $9.64M | 0.03% |
199,958
-35,225
| -15% | -$1.67M |
|
834
MDU Resources
MDU
$4.17B
| $9.63M | 0.03% |
737,793
-701,506
| -49% | -$8.71M |
|
|
BKS
835
DELISTED
Barnes & Noble
BKS
| $9.62M | 0.03% |
702,517
+658,500
| +1,496% | +$7.54M |
|
836
CALL
JB Hunt Transport Services
JBHT
$25.5B
| $9.62M | 0.03% |
+133,700
| New | +$9.87M |
|
|
BBT
837
Beacon Financial Corp
BBT
$2.66B
| $9.59M | 0.03% |
370,592
+188,755
| +104% | +$4.83M |
|
|
RXDX
838
DELISTED
Ignyta, Inc.
RXDX
| $9.59M | 0.03% |
+1,155,526
| New | +$10.8M |
|
839
PTC
PTC
$15.8B
| $9.53M | 0.03% |
268,981
+213,951
| +389% | +$7.86M |
|
|
AGN
840
CALL
DELISTED
Allergan plc
AGN
| $9.49M | 0.03% |
46,100
-94,900
| -67% | -$18.8M |
|
841
Federated Hermes
FHI
$4.55B
| $9.47M | 0.03% |
310,059
+141,559
| +84% | +$3.97M |
|
|
BBL
842
DELISTED
BHP Group Plc American Depositary Shares (Each representing two Ordinary Shares)
BBL
| $9.46M | 0.03% |
153,134
+114,489
| +296% | +$6.96M |
|
843
Hartford Financial Services
HIG
$38.9B
| $9.44M | 0.03% |
267,563
+159,297
| +147% | +$5.54M |
|
844
CALL
iShares MSCI Emerging Markets ETF
EEM
$28.8B
| $9.35M | 0.03% |
227,900
-22,100
| -9% | -$867K |
|
|
BECN
845
DELISTED
Beacon Roofing Supply, Inc.
BECN
| $9.33M | 0.03% |
241,415
-61,822
| -20% | -$2.39M |
|
|
CYN
846
DELISTED
CITY NATIONAL CORPORATION
CYN
| $9.29M | 0.03% |
118,060
-174,477
| -60% | -$13.1M |
|
|
B
847
PUT
Barrick Mining
B
$61.5B
| $9.28M | 0.03% |
520,300
-1,064,000
| -67% | -$20.6M |
|
848
SunCoke Energy
SXC
$720M
| $9.26M | 0.03% |
405,481
+228,528
| +129% | +$5.03M |
|
849
CALL
Insmed
INSM
$21.4B
| $9.25M | 0.03% |
+485,600
| New | +$9.23M |
|
850
PUT
Delta Air Lines
DAL
$57.5B
| $9.21M | 0.03% |
265,900
+120,600
| +83% | +$3.88M |
|
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.