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 | |
|---|---|---|---|---|---|---|
1176
Tenaris
TS
$28.6B
| $5.34M | 0.02% |
120,726
+2,804
| +2% | +$122K |
|
|
MDR
1177
DELISTED
McDermott International
MDR
| $5.26M | 0.02% |
224,437
-57,186
| -20% | -$1.44M |
|
|
DD
1178
DELISTED
Du Pont De Nemours E I
DD
| $5.26M | 0.02% |
82,520
+58,623
| +245% | +$3.59M |
|
1179
Cummins
CMI
$87.3B
| $5.25M | 0.02% |
+35,246
| New | +$4.9M |
|
|
SCHW
1180
Charles Schwab
SCHW
$181B
| $5.25M | 0.02% |
192,084
-1,205,445
| -86% | -$31.5M |
|
1181
Kite Realty
KRG
$5.88B
| $5.24M | 0.02% |
218,422
+173,900
| +391% | +$4.33M |
|
1182
Tapestry
TPR
$30.8B
| $5.24M | 0.02% |
105,472
-249,037
| -70% | -$12.4M |
|
1183
CALL
Kohl's
KSS
$2.21B
| $5.23M | 0.02% |
92,000
-20,800
| -18% | -$1.11M |
|
1184
Pultegroup
PHM
$24.5B
| $5.22M | 0.02% |
271,807
-372,415
| -58% | -$7.35M |
|
|
HOUS
1185
DELISTED
Anywhere Real Estate
HOUS
| $5.2M | 0.02% |
119,744
+103,244
| +626% | +$4.81M |
|
1186
Gen Digital
GEN
$16.3B
| $5.2M | 0.02% |
260,199
-440,296
| -63% | -$9.42M |
|
1187
CALL
Lamar Advertising Co
LAMR
$16.3B
| $5.18M | 0.02% |
101,600
-2,000
| -2% | -$102K |
|
1188
PUT
MGM Resorts International
MGM
$11.7B
| $5.17M | 0.02% |
200,000
+31,600
| +19% | +$814K |
|
1189
Saia
SAIA
$9.33B
| $5.14M | 0.01% |
134,610
+36,805
| +38% | +$1.27M |
|
|
LNKD
1190
PUT
DELISTED
LinkedIn Corporation
LNKD
| $5.14M | 0.01% |
27,800
+25,600
| +1,164% | +$5.25M |
|
1191
CALL
American Electric Power
AEP
$69.5B
| $5.14M | 0.01% |
+101,400
| New | +$4.93M |
|
|
RTN
1192
DELISTED
Raytheon Company
RTN
| $5.13M | 0.01% |
+51,936
| New | +$4.93M |
|
1193
Kirby Corp
KEX
$7.08B
| $5.12M | 0.01% |
+50,606
| New | +$5.1M |
|
|
RDC
1194
CALL
DELISTED
Rowan Companies Plc
RDC
| $5.12M | 0.01% |
+152,000
| New | +$4.97M |
|
1195
CALL
Cleveland-Cliffs
CLF
$6.64B
| $5.12M | 0.01% |
250,000
+23,200
| +10% | +$480K |
|
1196
Dr. Reddy's Laboratories
RDY
$9.85B
| $5.11M | 0.01% |
582,470
+463,690
| +390% | +$4.03M |
|
|
BBBY
1197
CALL
DELISTED
Bed Bath & Beyond Inc
BBBY
| $5.11M | 0.01% |
74,200
-60,800
| -45% | -$4.12M |
|
1198
Consumer Portfolio Services
CPSS
$208M
| $5.09M | 0.01% |
743,783
+2,613
| +0.4% | +$21.2K |
|
1199
CALL
Darden Restaurants
DRI
$23.7B
| $5.08M | 0.01% |
+111,869
| New | +$5M |
|
1200
PUT
Ovintiv
OVV
$17B
| $5.07M | 0.01% |
47,440
+25,320
| +114% | +$2.4M |
|
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.