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 | |
|---|---|---|---|---|---|---|
101
Gilead Sciences
GILD
$162B
| $63.3M | 0.18% |
893,861
-1,189,223
| -57% | -$93.3M |
|
|
HSH
102
DELISTED
HILLSHIRE BRANDS CO
HSH
| $63.1M | 0.18% |
1,693,732
+353,880
| +26% | +$12.7M |
|
103
American International
AIG
$41.7B
| $62.5M | 0.18% |
1,250,315
+887,705
| +245% | +$44.1M |
|
|
GAP
104
The Gap Inc
GAP
$7.23B
| $61.6M | 0.18% |
1,538,921
+657,393
| +75% | +$26.6M |
|
105
W.P. Carey
WPC
$16.8B
| $61.4M | 0.18% |
1,043,536
+913,190
| +701% | +$55.2M |
|
106
Reliance Steel & Aluminium
RS
$20.7B
| $60.8M | 0.18% |
860,773
+798,779
| +1,288% | +$57M |
|
107
SPDR Gold Trust
GLD
$131B
| $60.1M | 0.17% |
486,159
+478,989
| +6,680% | +$59.7M |
|
|
RAI
108
DELISTED
Reynolds American Inc
RAI
| $60M | 0.17% |
2,247,554
+370,034
| +20% | +$9.32M |
|
109
J.M. Smucker
SJM
$12.7B
| $59.8M | 0.17% |
614,904
+471,245
| +328% | +$45.8M |
|
|
FITB
110
Fifth Third Bancorp
FITB
$51.2B
| $59.7M | 0.17% |
2,599,240
-601,397
| -19% | -$13.1M |
|
111
Sally Beauty Holdings
SBH
$1.43B
| $59.5M | 0.17% |
2,170,147
+2,066,161
| +1,987% | +$58.9M |
|
112
ManpowerGroup
MAN
$2.44B
| $58.6M | 0.17% |
743,816
+480,608
| +183% | +$38M |
|
113
Meta Platforms (Facebook)
META
$1.42T
| $58M | 0.17% |
962,320
-1,503,618
| -61% | -$95.3M |
|
114
KBR
KBR
$4.62B
| $57.9M | 0.17% |
2,170,830
+1,520,218
| +234% | +$45.9M |
|
115
Walt Disney
DIS
$167B
| $57.8M | 0.17% |
722,387
+575,021
| +390% | +$44.6M |
|
116
Zimmer Biomet
ZBH
$18.2B
| $57.7M | 0.17% |
628,634
+20,356
| +3% | +$1.88M |
|
|
WFT
117
DELISTED
Weatherford International plc
WFT
| $57.6M | 0.17% |
3,315,673
+1,585,807
| +92% | +$24.3M |
|
|
RPAI
118
DELISTED
RETAIL PROPERTIES OF AMERICA, INC.
RPAI
| $57.3M | 0.17% |
4,232,786
+1,787,203
| +73% | +$23.7M |
|
119
Biogen
BIIB
$30B
| $57.2M | 0.17% |
187,081
-50,638
| -21% | -$16.1M |
|
|
VSI
120
DELISTED
Vitamin Shoppe Inc.
VSI
| $56.8M | 0.16% |
1,194,696
+646,325
| +118% | +$29.6M |
|
|
ROC
121
DELISTED
ROCKWOOD HLDGS INC
ROC
| $56.7M | 0.16% |
762,424
+135,040
| +22% | +$9.95M |
|
122
Perrigo
PRGO
$1.4B
| $56.2M | 0.16% |
363,660
-454,206
| -56% | -$71.7M |
|
123
Colgate-Palmolive
CL
$73.1B
| $56M | 0.16% |
863,662
+664,222
| +333% | +$41.9M |
|
124
Quanta Services
PWR
$100B
| $56M | 0.16% |
1,517,895
+1,224,877
| +418% | +$40.9M |
|
|
SRC
125
DELISTED
SPIRIT REALTY CAPITAL, INC.
SRC
| $55.1M | 0.16% |
1,119,448
+694,029
| +163% | +$33.2M |
|
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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.