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 | |
|---|---|---|---|---|---|---|
|
VCRA
1051
DELISTED
VOCERA COMMUNICATIONS, INC.
VCRA
| $6.67M | 0.02% |
408,436
+219,827
| +117% | +$3.71M |
|
1052
Xcel Energy
XEL
$48.9B
| $6.64M | 0.02% |
218,874
-629,453
| -74% | -$18.4M |
|
|
BLUE
1053
DELISTED
bluebird bio
BLUE
| $6.64M | 0.02% |
22,541
+17,657
| +362% | +$5.35M |
|
1054
PUT
HP
HPQ
$24.9B
| $6.64M | 0.02% |
451,630
-14,533
| -3% | -$195K |
|
|
THS
1055
DELISTED
Treehouse Foods
THS
| $6.59M | 0.02% |
91,613
+15,507
| +20% | +$1.07M |
|
|
IPG
1056
DELISTED
Interpublic Group of Companies
IPG
| $6.57M | 0.02% |
383,045
+101,292
| +36% | +$1.73M |
|
1057
International Flavors & Fragrances
IFF
$20.3B
| $6.56M | 0.02% |
68,602
-100,438
| -59% | -$9.03M |
|
|
1058
CALL
HP
HPQ
$24.9B
| $6.55M | 0.02% |
445,465
-12,991
| -3% | -$175K |
|
1059
Valmont Industries
VMI
$9.41B
| $6.54M | 0.02% |
+43,958
| New | +$6.5M |
|
|
PNRA
1060
CALL
DELISTED
Panera Bread Co
PNRA
| $6.51M | 0.02% |
+36,900
| New | +$6.54M |
|
|
USG
1061
DELISTED
Usg
USG
| $6.5M | 0.02% |
198,654
-73,328
| -27% | -$2.38M |
|
1062
Alexandria Real Estate Equities
ARE
$8.95B
| $6.5M | 0.02% |
89,569
+67,051
| +298% | +$4.71M |
|
|
DCH
1063
PUT
Dauch Corp
DCH
$1.34B
| $6.49M | 0.02% |
+350,500
| New | +$6.74M |
|
|
LORL
1064
DELISTED
Loral Space and Communications, Inc.
LORL
| $6.47M | 0.02% |
91,532
+4,867
| +6% | +$370K |
|
|
DNB
1065
DELISTED
Dun & Bradstreet
DNB
| $6.47M | 0.02% |
65,107
+54,322
| +504% | +$5.72M |
|
|
CLDT
1066
Chatham Lodging
CLDT
$624M
| $6.47M | 0.02% |
319,822
+35,793
| +13% | +$736K |
|
1067
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$15.9B
| $6.45M | 0.02% |
68,372
+41,752
| +157% | +$3.92M |
|
1068
OneMain Financial
OMF
$7.23B
| $6.45M | 0.02% |
256,448
-37,781
| -13% | -$975K |
|
1069
Goldman Sachs
GS
$302B
| $6.45M | 0.02% |
+39,348
| New | +$6.62M |
|
|
ZGNX
1070
DELISTED
Zogenix, Inc.
ZGNX
| $6.43M | 0.02% |
282,363
-97,021
| -26% | -$3.16M |
|
1071
PUT
Lennar Class A
LEN
$19.9B
| $6.41M | 0.02% |
169,876
-369,062
| -68% | -$14.1M |
|
1072
Target
TGT
$65.5B
| $6.34M | 0.02% |
104,853
-34,562
| -25% | -$2.05M |
|
1073
DHT Holdings
DHT
$3.01B
| $6.33M | 0.02% |
813,223
+698,921
| +611% | +$5.44M |
|
|
GRA
1074
DELISTED
W.R. Grace & Co.
GRA
| $6.31M | 0.02% |
63,659
-2,712
| -4% | -$267K |
|
|
MDCO
1075
DELISTED
Medicines Co
MDCO
| $6.3M | 0.02% |
221,636
-303,430
| -58% | -$10M |
|
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.