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 | |
|---|---|---|---|---|---|---|
|
KCG
1126
DELISTED
KCG Holdings, Inc.
KCG
| $5.8M | 0.02% |
486,327
-256,623
| -35% | -$3.03M |
|
|
NGD
1127
DELISTED
New Gold Inc
NGD
| $5.8M | 0.02% |
+1,188,523
| New | +$6.86M |
|
|
NTRI
1128
DELISTED
NutriSystem, Inc.
NTRI
| $5.8M | 0.02% |
384,785
+71,252
| +23% | +$1.09M |
|
|
WBMD
1129
DELISTED
WebMD Health Corp.
WBMD
| $5.79M | 0.02% |
139,754
+55,706
| +66% | +$2.51M |
|
1130
Huron Consulting
HURN
$2.49B
| $5.78M | 0.02% |
91,201
+82,863
| +994% | +$5.39M |
|
|
SCS
1131
DELISTED
Steelcase
SCS
| $5.76M | 0.02% |
346,819
-62,635
| -15% | -$932K |
|
1132
Trimble
TRMB
$13.2B
| $5.75M | 0.02% |
147,978
-80,541
| -35% | -$2.9M |
|
|
INFI
1133
DELISTED
Infinity Pharmaceuticals, Inc.
INFI
| $5.73M | 0.02% |
482,030
+120,649
| +33% | +$1.62M |
|
1134
Semtech
SMTC
$11.2B
| $5.73M | 0.02% |
226,063
+215,381
| +2,016% | +$5.25M |
|
1135
Landstar System
LSTR
$5.82B
| $5.73M | 0.02% |
96,689
+91,621
| +1,808% | +$5.35M |
|
|
SRGA
1136
DELISTED
Surgalign Holdings, Inc. Common Stock
SRGA
| $5.71M | 0.02% |
46,690
+21,496
| +85% | +$2.33M |
|
1137
Commercial Metals
CMC
$7.56B
| $5.71M | 0.02% |
302,330
+46,680
| +18% | +$908K |
|
|
CIM
1138
Chimera Investment
CIM
$1.04B
| $5.7M | 0.02% |
124,201
+70,519
| +131% | +$3.28M |
|
1139
Essex Property Trust
ESS
$18.1B
| $5.7M | 0.02% |
33,500
-37,896
| -53% | -$6.11M |
|
|
IDTI
1140
DELISTED
Integrated Device Technology I
IDTI
| $5.69M | 0.02% |
465,173
+61,514
| +15% | +$697K |
|
|
NSM
1141
PUT
DELISTED
Nationstar Mortgage Holdings
NSM
| $5.69M | 0.02% |
175,200
| – | – |
|
|
AMCC
1142
DELISTED
Applied Micro Circuits Corporation New
AMCC
| $5.68M | 0.02% |
573,911
+563,318
| +5,318% | +$6.07M |
|
1143
Extreme Networks
EXTR
$3.95B
| $5.66M | 0.02% |
975,535
-1,061,800
| -52% | -$6.74M |
|
1144
PUT
eBay
EBAY
$50.5B
| $5.66M | 0.02% |
243,302
+146,361
| +151% | +$3.4M |
|
|
ACC
1145
DELISTED
American Campus Communities, Inc.
ACC
| $5.64M | 0.02% |
151,042
-231,343
| -61% | -$8.19M |
|
|
DFRG
1146
DELISTED
Del Frisco's Restaurant Group, Inc. Common Stock
DFRG
| $5.64M | 0.02% |
202,132
-283,002
| -58% | -$6.97M |
|
|
MDCO
1147
CALL
DELISTED
Medicines Co
MDCO
| $5.6M | 0.02% |
+197,000
| New | +$6.52M |
|
1148
RTX Corp
RTX
$287B
| $5.6M | 0.02% |
76,127
-149,878
| -66% | -$10.8M |
|
|
CVC
1149
DELISTED
CABLEVISION SYS CP NY GRP CL-A
CVC
| $5.58M | 0.02% |
330,487
-239,834
| -42% | -$4.02M |
|
1150
Cogent Communications
CCOI
$652M
| $5.57M | 0.02% |
156,676
-24,137
| -13% | -$943K |
|
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.