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 | |
|---|---|---|---|---|---|---|
1276
MasTec
MTZ
$25.6B
| $4.34M | 0.01% |
99,972
-96,885
| -49% | -$3.68M |
|
1277
Pilgrim's Pride
PPC
$6.98B
| $4.34M | 0.01% |
207,570
-228,149
| -52% | -$3.93M |
|
|
TOO
1278
PUT
DELISTED
Teekay Offshore Partners L.P.
TOO
| $4.33M | 0.01% |
+132,300
| New | +$4.22M |
|
|
ANR
1279
DELISTED
Alpha Natural Resources Inc
ANR
| $4.3M | 0.01% |
1,012,016
-280,302
| -22% | -$1.5M |
|
|
NPKI
1280
NPK International
NPKI
$1.05B
| $4.3M | 0.01% |
375,385
+69,321
| +23% | +$793K |
|
|
EDR
1281
DELISTED
Education Realty Trust Inc
EDR
| $4.29M | 0.01% |
144,832
-506,513
| -78% | -$14.2M |
|
1282
BancFirst
BANF
$3.77B
| $4.28M | 0.01% |
151,246
+73,526
| +95% | +$2.02M |
|
1283
Sony
SONY
$134B
| $4.28M | 0.01% |
1,119,925
-1,261,325
| -53% | -$4.35M |
|
1284
Sociedad Química y Minera de Chile
SQM
$19.5B
| $4.27M | 0.01% |
138,219
+42,413
| +44% | +$1.16M |
|
1285
TriplePoint Venture Growth BDC
TPVG
$185M
| $4.25M | 0.01% |
+261,596
| New | +$4.18M |
|
|
OCRX
1286
DELISTED
Ocera Therapeutics, Inc.
OCRX
| $4.25M | 0.01% |
+402,664
| New | +$5.76M |
|
|
IRF
1287
DELISTED
INTL RECTIFIER CORP
IRF
| $4.25M | 0.01% |
154,920
-9,446
| -6% | -$251K |
|
|
B
1288
CALL
Barrick Mining
B
$63.2B
| $4.23M | 0.01% |
237,300
-498,900
| -68% | -$9.65M |
|
1289
CALL
HF Sinclair
DINO
$16.7B
| $4.23M | 0.01% |
88,900
-21,400
| -19% | -$1.01M |
|
1290
Murphy Oil
MUR
$5.48B
| $4.22M | 0.01% |
67,135
-21,861
| -25% | -$1.31M |
|
1291
CALL
Las Vegas Sands
LVS
$32.3B
| $4.21M | 0.01% |
+52,100
| New | +$4.19M |
|
|
ORB
1292
DELISTED
ORBITAL SCIENCES CORP
ORB
| $4.21M | 0.01% |
150,826
-45,561
| -23% | -$1.2M |
|
1293
CALL
Celanese
CE
$4.91B
| $4.2M | 0.01% |
75,700
+700
| +0.9% | +$37.3K |
|
|
EQC
1294
DELISTED
Equity Commonwealth
EQC
| $4.19M | 0.01% |
159,486
+59,486
| +59% | +$1.52M |
|
1295
CALL
PVH
PVH
$4.01B
| $4.19M | 0.01% |
+33,600
| New | +$4.14M |
|
1296
Motorola Solutions
MSI
$71.5B
| $4.19M | 0.01% |
65,161
+50,161
| +334% | +$3.28M |
|
1297
CALL
IBM
IBM
$209B
| $4.14M | 0.01% |
+22,489
| New | +$3.96M |
|
|
WLT
1298
PUT
DELISTED
WALTER ENERGY INC COM STK (DE)
WLT
| $4.13M | 0.01% |
+909,900
| New | +$10M |
|
1299
Northrop Grumman
NOC
$76B
| $4.13M | 0.01% |
33,430
-266,235
| -89% | -$31.5M |
|
|
DNR
1300
DELISTED
Denbury Resources, Inc.
DNR
| $4.12M | 0.01% |
251,043
-96,993
| -28% | -$1.58M |
|
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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.