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 | |
|---|---|---|---|---|---|---|
1101
Cathay General Bancorp
CATY
$4.2B
| $6.08M | 0.02% |
241,193
+120,547
| +100% | +$3.01M |
|
|
KWK
1102
DELISTED
QUICKSILVER RESOURCES INC
KWK
| $6.05M | 0.02% |
2,301,053
+1,442,584
| +168% | +$4.4M |
|
1103
GSI Technology
GSIT
$212M
| $6.05M | 0.02% |
875,017
-12,454
| -1% | -$84.7K |
|
|
FPRX
1104
DELISTED
Five Prime Therapeutics, Inc.
FPRX
| $6.04M | 0.02% |
+307,482
| New | +$5.22M |
|
|
CBB
1105
DELISTED
Cincinnati Bell Inc.
CBB
| $6.01M | 0.02% |
347,350
+239,347
| +222% | +$4.22M |
|
|
ALR
1106
DELISTED
Alere Inc
ALR
| $6.01M | 0.02% |
174,851
-109,409
| -38% | -$4M |
|
|
1107
PUT
Devon Energy
DVN
$51.3B
| $6M | 0.02% |
89,700
+84,700
| +1,694% | +$5.26M |
|
1108
CALL
Enbridge
ENB
$120B
| $5.97M | 0.02% |
+131,100
| New | +$5.66M |
|
1109
CALL
Abbott
ABT
$182B
| $5.96M | 0.02% |
+154,700
| New | +$5.96M |
|
|
KKD
1110
DELISTED
KRISPY KREME DOUGHNUTS INC
KKD
| $5.95M | 0.02% |
335,697
-66,083
| -16% | -$1.22M |
|
|
MRO
1111
CALL
DELISTED
Marathon Oil Corporation
MRO
| $5.95M | 0.02% |
167,500
+72,500
| +76% | +$2.44M |
|
1112
Silicon Laboratories
SLAB
$7.17B
| $5.91M | 0.02% |
113,144
+104,354
| +1,187% | +$5.04M |
|
1113
CACI
CACI
$10.7B
| $5.9M | 0.02% |
79,959
-55,419
| -41% | -$4.2M |
|
1114
Edwards Lifesciences
EW
$49.6B
| $5.9M | 0.02% |
477,234
+271,674
| +132% | +$3.13M |
|
|
MITT
1115
TPG Mortgage Investment Trust
MITT
$221M
| $5.89M | 0.02% |
112,124
+60,572
| +117% | +$3.12M |
|
1116
Xerox
XRX
$400M
| $5.88M | 0.02% |
+197,306
| New | +$5.78M |
|
1117
Post Holdings
POST
$4.19B
| $5.87M | 0.02% |
162,839
-115,126
| -41% | -$4.13M |
|
1118
Teradyne
TER
$58.5B
| $5.87M | 0.02% |
295,165
-677,361
| -70% | -$13.1M |
|
1119
Teck Resources
TECK
$29.6B
| $5.86M | 0.02% |
270,205
+226,630
| +520% | +$5.26M |
|
1120
Procter & Gamble
PG
$335B
| $5.85M | 0.02% |
72,618
-737,600
| -91% | -$58.1M |
|
|
BKS
1121
PUT
DELISTED
Barnes & Noble
BKS
| $5.85M | 0.02% |
427,127
| – | – |
|
|
DST
1122
DELISTED
DST Systems Inc.
DST
| $5.84M | 0.02% |
123,254
+28,208
| +30% | +$1.31M |
|
1123
Molson Coors Class B
TAP
$7.79B
| $5.84M | 0.02% |
99,209
+54,209
| +120% | +$3.03M |
|
|
PLPM
1124
DELISTED
Planet Payment, Inc
PLPM
| $5.83M | 0.02% |
2,126,450
-1,462,049
| -41% | -$4.86M |
|
|
TMH
1125
DELISTED
Team Health Holdings Inc
TMH
| $5.81M | 0.02% |
129,808
-33,142
| -20% | -$1.49M |
|
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.