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 | |
|---|---|---|---|---|---|---|
926
Aramark
ARMK
$15B
| $8.17M | 0.02% |
391,335
-82,142
| -17% | -$1.59M |
|
|
FMER
927
DELISTED
FIRSTMERIT CORP
FMER
| $8.17M | 0.02% |
392,260
+7,765
| +2% | +$164K |
|
|
UIL
928
DELISTED
UIL HOLDINGS
UIL
| $8.16M | 0.02% |
+221,691
| New | +$8.35M |
|
|
ZLC
929
DELISTED
ZALE CORPORATION
ZLC
| $8.12M | 0.02% |
388,248
+12,910
| +3% | +$234K |
|
930
Southwest Airlines
LUV
$22B
| $8.1M | 0.02% |
343,024
+292,692
| +582% | +$6.4M |
|
931
Invesco Solar ETF
TAN
$1.42B
| $8.07M | 0.02% |
+182,465
| New | +$7.83M |
|
|
932
LyondellBasell Industries
LYB
$20B
| $8.06M | 0.02% |
90,640
-1,247,839
| -93% | -$105M |
|
933
W.R. Berkley
WRB
$26.9B
| $8.03M | 0.02% |
651,439
+258,619
| +66% | +$3.12M |
|
|
SD
934
PUT
DELISTED
SANDRIDGE ENERGY, INC.
SD
| $7.95M | 0.02% |
+1,295,400
| New | +$8.09M |
|
935
CALL
iShares MSCI Japan ETF
EWJ
$21.9B
| $7.94M | 0.02% |
+175,250
| New | +$8.08M |
|
|
STR
936
DELISTED
QUESTAR CORP
STR
| $7.92M | 0.02% |
+333,084
| New | +$7.76M |
|
|
TGNA
937
DELISTED
TEGNA Inc
TGNA
| $7.91M | 0.02% |
547,902
+158,168
| +41% | +$2.35M |
|
938
FerroAtlántica
GSM
$594M
| $7.91M | 0.02% |
379,734
-176,393
| -32% | -$3.35M |
|
939
Skyworks Solutions
SWKS
$9.37B
| $7.9M | 0.02% |
210,527
-50,356
| -19% | -$1.66M |
|
940
Blackrock
BLK
$169B
| $7.89M | 0.02% |
25,100
-8,049
| -24% | -$2.46M |
|
941
Brink's
BCO
$4.88B
| $7.86M | 0.02% |
+275,449
| New | +$8.65M |
|
|
ATRS
942
DELISTED
Antares Pharma, Inc.
ATRS
| $7.86M | 0.02% |
2,246,616
+103,217
| +5% | +$458K |
|
943
PBF Energy
PBF
$8.57B
| $7.86M | 0.02% |
304,743
+292,902
| +2,474% | +$7.78M |
|
944
Methanex
MEOH
$4.3B
| $7.84M | 0.02% |
122,587
-432,513
| -78% | -$27.3M |
|
945
FuelCell Energy
FCEL
$1.73B
| $7.81M | 0.02% |
729
+725
| +18,125% | +$6.29M |
|
946
Acuity Brands
AYI
$9.83B
| $7.81M | 0.02% |
+58,904
| New | +$7.78M |
|
|
WW
947
PUT
DELISTED
WW International
WW
| $7.81M | 0.02% |
380,100
+263,300
| +225% | +$6.66M |
|
|
VTSS
948
DELISTED
VITESSE SEMICONDUCTOR CORPORATION COMMON STOCK
VTSS
| $7.81M | 0.02% |
1,858,822
+98,222
| +6% | +$364K |
|
|
MWV
949
DELISTED
MEADWESTVACO CORP
MWV
| $7.8M | 0.02% |
207,351
+184,890
| +823% | +$6.72M |
|
|
OVTI
950
DELISTED
OMNIVISION TECHNOLOGIES INC
OVTI
| $7.8M | 0.02% |
+440,868
| New | +$7.16M |
|
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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.