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 | |
|---|---|---|---|---|---|---|
951
Jack Henry & Associates
JKHY
$10.9B
| $7.8M | 0.02% |
139,870
+65,528
| +88% | +$3.76M |
|
|
XOMA
952
DELISTED
Xoma
XOMA
| $7.79M | 0.02% |
74,794
-16,198
| -18% | -$2.35M |
|
953
United Natural Foods
UNFI
$3.08B
| $7.75M | 0.02% |
+109,343
| New | +$7.79M |
|
954
COPT Defense Properties
CDP
$4.3B
| $7.72M | 0.02% |
289,702
-162,609
| -36% | -$4.16M |
|
955
CALL
Franco-Nevada
FNV
$41.1B
| $7.7M | 0.02% |
167,900
+62,900
| +60% | +$3.02M |
|
956
PUT
Target
TGT
$65.6B
| $7.68M | 0.02% |
127,000
+58,000
| +84% | +$3.44M |
|
957
CALL
Philip Morris
PM
$297B
| $7.66M | 0.02% |
93,600
-8,400
| -8% | -$679K |
|
|
TXNM
958
TXNM Energy Inc
TXNM
$6.41B
| $7.66M | 0.02% |
283,440
+191,244
| +207% | +$4.84M |
|
959
iShares MSCI Japan ETF
EWJ
$21.9B
| $7.66M | 0.02% |
+168,956
| New | +$7.79M |
|
960
Viavi Solutions
VIAV
$9.12B
| $7.66M | 0.02% |
961,199
+383,056
| +66% | +$2.89M |
|
961
NNN REIT
NNN
$9.04B
| $7.65M | 0.02% |
222,935
-458,184
| -67% | -$15.3M |
|
|
GLOG
962
DELISTED
GASLOG LTD
GLOG
| $7.65M | 0.02% |
328,432
-259,691
| -44% | -$5.45M |
|
|
SUSQ
963
DELISTED
SUSQUEHANNA BANCSHARES INC
SUSQ
| $7.64M | 0.02% |
671,929
+636,929
| +1,820% | +$7.24M |
|
|
SNDK
964
DELISTED
SANDISK CORP
SNDK
| $7.63M | 0.02% |
94,000
+75,371
| +405% | +$5.56M |
|
|
HSNI
965
DELISTED
HSN, Inc.
HSNI
| $7.63M | 0.02% |
127,655
+96,215
| +306% | +$5.59M |
|
|
SGY
966
CALL
DELISTED
Stone Energy
SGY
| $7.62M | 0.02% |
+3,196
| New | +$6.26M |
|
|
HIG.WS
967
DELISTED
Hartford Financial Services Grp
HIG.WS
| $7.6M | 0.02% |
285,000
| – | – |
|
|
BID
968
DELISTED
Sotheby's
BID
| $7.59M | 0.02% |
174,385
+91,134
| +109% | +$4.37M |
|
|
JOYY
969
JOYY Inc
JOYY
$3.71B
| $7.59M | 0.02% |
+99,340
| New | +$6.99M |
|
|
TEN
970
DELISTED
Tenneco Inc. Class A Voting Common Stock
TEN
| $7.58M | 0.02% |
130,566
-117,256
| -47% | -$6.78M |
|
|
NBL
971
PUT
DELISTED
Noble Energy, Inc.
NBL
| $7.58M | 0.02% |
+106,700
| New | +$7.06M |
|
972
Signet Jewelers
SIG
$3.61B
| $7.58M | 0.02% |
71,565
+59,046
| +472% | +$5.16M |
|
|
POT
973
CALL
DELISTED
Potash Corp Of Saskatchewan
POT
| $7.52M | 0.02% |
207,700
-8,500
| -4% | -$286K |
|
974
Gold Fields
GFI
$29B
| $7.52M | 0.02% |
2,036,752
+1,651,895
| +429% | +$6.09M |
|
|
PAY
975
DELISTED
Verifone Systems Inc
PAY
| $7.51M | 0.02% |
+222,023
| New | +$6.58M |
|
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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.