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 | |
|---|---|---|---|---|---|---|
|
BWLD
1201
CALL
DELISTED
Buffalo Wild Wings, Inc.
BWLD
| $5.06M | 0.01% |
34,000
+32,600
| +2,329% | +$4.62M |
|
1202
CALL
Seagate
STX
$193B
| $5.06M | 0.01% |
90,100
-51,900
| -37% | -$2.78M |
|
|
FLY
1203
DELISTED
Fly Leasing Limited
FLY
| $5.05M | 0.01% |
336,902
+167,421
| +99% | +$2.58M |
|
1204
CALL
Trinity Industries
TRN
$2.73B
| $5.05M | 0.01% |
+194,738
| New | +$4.49M |
|
1205
TFS Financial
TFSL
$5.06B
| $5.04M | 0.01% |
405,709
+367,709
| +968% | +$4.37M |
|
1206
PUT
Plains GP Holdings
PAGP
$5.26B
| $5.04M | 0.01% |
+67,593
| New | +$4.86M |
|
|
TMHC
1207
DELISTED
Taylor Morrison
TMHC
| $5.04M | 0.01% |
214,249
-17,729
| -8% | -$400K |
|
|
PF
1208
DELISTED
Pinnacle Foods, Inc.
PF
| $5.04M | 0.01% |
168,609
-83,621
| -33% | -$2.34M |
|
1209
Huntington Ingalls Industries
HII
$12.6B
| $5.01M | 0.01% |
49,007
+11,276
| +30% | +$1.09M |
|
1210
Scansource
SCSC
$1.15B
| $5M | 0.01% |
122,740
+82,823
| +207% | +$3.26M |
|
|
AREX
1211
DELISTED
Approach Resources Inc.
AREX
| $4.99M | 0.01% |
+238,856
| New | +$4.89M |
|
|
NVO
1212
Novo Nordisk
NVO
$228B
| $4.98M | 0.01% |
218,246
+108,616
| +99% | +$2.31M |
|
|
VOLC
1213
DELISTED
VOLCANO CORPORATION COM STK
VOLC
| $4.97M | 0.01% |
252,234
-167,787
| -40% | -$3.6M |
|
|
OPEN
1214
CALL
DELISTED
OPENTABLE,INC COMMON STOCK
OPEN
| $4.95M | 0.01% |
64,300
-1,300
| -2% | -$102K |
|
|
AXLL
1215
DELISTED
AXIALL CORP COM STK (DE)
AXLL
| $4.92M | 0.01% |
109,433
-159,617
| -59% | -$6.81M |
|
1216
Vitamin Cottage Natural Grocers
NGVC
$741M
| $4.92M | 0.01% |
112,570
+61,374
| +120% | +$2.5M |
|
1217
Wheaton Precious Metals
WPM
$51.5B
| $4.91M | 0.01% |
216,300
-495,715
| -70% | -$11.7M |
|
|
VXX
1218
DELISTED
iPath S&P 500 VIX Short-Term Futures ETN due 1/30/2019
VXX
| $4.91M | 0.01% |
7,272
+414
| +6% | +$291K |
|
|
GG
1219
CALL
DELISTED
Goldcorp Inc
GG
| $4.89M | 0.01% |
199,900
-301,600
| -60% | -$7.67M |
|
1220
PUT
IBM
IBM
$209B
| $4.89M | 0.01% |
26,568
-9,519
| -26% | -$1.68M |
|
|
CTCT
1221
DELISTED
CONSTANT CONTACT, INC COM
CTCT
| $4.89M | 0.01% |
199,774
+140,757
| +239% | +$3.96M |
|
|
SQNS
1222
Sequans Communications SA
SQNS
$37.1M
| $4.88M | 0.01% |
17,301
+351
| +2% | +$93.7K |
|
1223
Berkshire Hathaway Class A
BRK.A
$1.1T
| $4.87M | 0.01% |
26
-1
| -4% | -$176K |
|
1224
Wabash National
WNC
$505M
| $4.86M | 0.01% |
353,051
+39,047
| +12% | +$522K |
|
1225
CALL
PepsiCo
PEP
$191B
| $4.84M | 0.01% |
58,000
+53,700
| +1,249% | +$4.36M |
|
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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.