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 | |
|---|---|---|---|---|---|---|
|
VISN
1076
PUT
Vistance Networks Inc
VISN
$2.65B
| $6.29M | 0.02% |
+254,900
| New | +$5.22M |
|
|
ZU
1077
DELISTED
ZULILY INC CLASS A COMMON STOCK
ZU
| $6.28M | 0.02% |
+125,043
| New | +$6.04M |
|
|
TQNT
1078
DELISTED
TRIQUINT SEMICONDUCTOR INC
TQNT
| $6.26M | 0.02% |
467,490
+395,038
| +545% | +$4.1M |
|
1079
Cracker Barrel
CBRL
$1.26B
| $6.25M | 0.02% |
64,233
+59,441
| +1,240% | +$5.99M |
|
1080
CALL
Southern Company
SO
$109B
| $6.24M | 0.02% |
142,100
+42,100
| +42% | +$1.76M |
|
1081
Banco Bradesco
BBD
$38.4B
| $6.24M | 0.02% |
1,164,408
+367,183
| +46% | +$1.66M |
|
1082
BioCryst Pharmaceuticals
BCRX
$2.28B
| $6.24M | 0.02% |
589,752
-54,003
| -8% | -$576K |
|
1083
CALL
Ford
F
$57.8B
| $6.24M | 0.02% |
+400,000
| New | +$6.19M |
|
|
CPN
1084
DELISTED
Calpine Corporation
CPN
| $6.24M | 0.02% |
298,320
-280,778
| -48% | -$5.51M |
|
1085
Allegion
ALLE
$13.4B
| $6.21M | 0.02% |
119,085
+48,354
| +68% | +$2.43M |
|
|
TE
1086
DELISTED
TECO ENERGY INC
TE
| $6.2M | 0.02% |
361,494
+340,175
| +1,596% | +$5.69M |
|
|
WFM
1087
CALL
DELISTED
Whole Foods Market Inc
WFM
| $6.2M | 0.02% |
122,200
+37,200
| +44% | +$1.98M |
|
1088
Community Health Systems
CYH
$388M
| $6.2M | 0.02% |
191,391
-103,510
| -35% | -$3.42M |
|
1089
National Fuel Gas
NFG
$7.81B
| $6.18M | 0.02% |
+88,220
| New | +$6.46M |
|
1090
CALL
Cisco
CSCO
$452B
| $6.17M | 0.02% |
275,500
-200
| -0.1% | -$4.42K |
|
1091
Gentex
GNTX
$4.97B
| $6.17M | 0.02% |
391,498
+274,032
| +233% | +$4.37M |
|
|
ELX
1092
DELISTED
EMULEX CORP
ELX
| $6.17M | 0.02% |
834,874
+492,852
| +144% | +$3.62M |
|
|
YHOO
1093
CALL
DELISTED
Yahoo Inc
YHOO
| $6.16M | 0.02% |
171,600
+164,700
| +2,387% | +$6.28M |
|
|
TCO
1094
DELISTED
Taubman Centers Inc.
TCO
| $6.14M | 0.02% |
+86,784
| New | +$5.89M |
|
1095
PUT
Comcast
CMCSA
$85.3B
| $6.14M | 0.02% |
+245,400
| New | +$6.39M |
|
|
SWY
1096
CALL
DELISTED
SAFEWAY INC
SWY
| $6.13M | 0.02% |
185,310
+159,619
| +621% | +$4.95M |
|
|
MYCC
1097
DELISTED
ClubCorp Holdings, Inc.
MYCC
| $6.11M | 0.02% |
323,461
+274,661
| +563% | +$4.93M |
|
|
NFX
1098
PUT
DELISTED
Newfield Exploration
NFX
| $6.11M | 0.02% |
194,800
+165,200
| +558% | +$4.37M |
|
|
AFFX
1099
DELISTED
Affymetrix Inc
AFFX
| $6.1M | 0.02% |
855,860
+416,867
| +95% | +$3.36M |
|
|
NPBC
1100
DELISTED
NATL PENN BANCSHARES INC
NPBC
| $6.08M | 0.02% |
581,905
+299,212
| +106% | +$3.19M |
|
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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.