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 | |
|---|---|---|---|---|---|---|
851
Brookdale Senior Living
BKD
$3.49B
| $9.21M | 0.03% |
274,846
-626,493
| -70% | -$19M |
|
|
GG
852
PUT
DELISTED
Goldcorp Inc
GG
| $9.21M | 0.03% |
376,200
-24,800
| -6% | -$631K |
|
|
TIVO
853
DELISTED
Tivo Inc
TIVO
| $9.21M | 0.03% |
+404,087
| New | +$9.25M |
|
|
MJN
854
PUT
DELISTED
Mead Johnson Nutrition Company
MJN
| $9.2M | 0.03% |
110,700
+107,700
| +3,590% | +$8.73M |
|
855
Carpenter Technology
CRS
$25.8B
| $9.18M | 0.03% |
139,056
-786
| -0.6% | -$47.4K |
|
|
NSR
856
DELISTED
Neustar Inc
NSR
| $9.18M | 0.03% |
282,433
+170,016
| +151% | +$6.56M |
|
857
WisdomTree
WT
$2.96B
| $9.17M | 0.03% |
699,158
+623,254
| +821% | +$9.52M |
|
|
BHI
858
PUT
DELISTED
Baker Hughes
BHI
| $9.16M | 0.03% |
+140,900
| New | +$8.34M |
|
|
AIV
859
Aimco
AIV
$387M
| $9.16M | 0.03% |
2,275,500
-1,081,971
| -32% | -$4.15M |
|
860
Tandem Diabetes Care
TNDM
$1.34B
| $9.15M | 0.03% |
41,438
+16,319
| +65% | +$4.16M |
|
861
CALL
Best Buy
BBY
$18.2B
| $9.12M | 0.03% |
345,400
+319,800
| +1,249% | +$8.76M |
|
|
HK
862
PUT
DELISTED
Halcon Resources Corporation
HK
| $9.11M | 0.03% |
12,207
-275
| -2% | -$175K |
|
|
X
863
PUT
DELISTED
US Steel
X
| $9.11M | 0.03% |
+330,000
| New | +$8.65M |
|
864
Honda
HMC
$39.1B
| $9.1M | 0.03% |
257,350
+236,950
| +1,162% | +$8.83M |
|
865
PUT
Yum! Brands
YUM
$42.2B
| $9.05M | 0.03% |
167,059
-271,662
| -62% | -$14.3M |
|
|
CTXS
866
DELISTED
Citrix Systems Inc
CTXS
| $9.04M | 0.03% |
197,613
+180,077
| +1,027% | +$8.49M |
|
|
VMW
867
PUT
DELISTED
VMware, Inc
VMW
| $9.01M | 0.03% |
83,400
+69,500
| +500% | +$6.81M |
|
|
ADT
868
PUT
DELISTED
ADT Corp
ADT
| $9.01M | 0.03% |
300,700
+199,300
| +197% | +$6.58M |
|
869
Ionis Pharmaceuticals
IONS
$8.6B
| $9M | 0.03% |
208,381
+168,381
| +421% | +$8.16M |
|
870
MidCap Financial Investment
MFIC
$787M
| $9M | 0.03% |
361,155
+124,912
| +53% | +$3.22M |
|
|
CVA
871
DELISTED
Covanta Holding Corporation
CVA
| $8.97M | 0.03% |
496,908
-87,268
| -15% | -$1.54M |
|
|
SBNY
872
DELISTED
Signature Bank
SBNY
| $8.94M | 0.03% |
71,217
+55,978
| +367% | +$6.84M |
|
|
FCS
873
DELISTED
FAIRCHILD SEMICONDUCTOR INTL INC COMMON
FCS
| $8.94M | 0.03% |
647,914
+401,081
| +162% | +$5.36M |
|
874
Mastercard
MA
$506B
| $8.93M | 0.03% |
119,505
-134,545
| -53% | -$10.5M |
|
875
Host Hotels & Resorts
HST
$17.2B
| $8.92M | 0.03% |
440,852
+248,265
| +129% | +$4.81M |
|
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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.