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 | |
|---|---|---|---|---|---|---|
|
AKS
1326
DELISTED
AK Steel Holding Corp
AKS
| $4M | 0.01% |
553,514
-124,937
| -18% | -$846K |
|
|
PEI
1327
DELISTED
Pennsylvania Real Estate Investment Trust
PEI
| $4M | 0.01% |
14,759
-3,147
| -18% | -$876K |
|
1328
Anika Therapeutics
ANIK
$240M
| $3.99M | 0.01% |
97,152
+72,452
| +293% | +$2.69M |
|
1329
CALL
Prothena Corp
PRTA
$440M
| $3.98M | 0.01% |
+143,200
| New | +$4.62M |
|
|
REXX
1330
DELISTED
Rex Energy Corporation
REXX
| $3.97M | 0.01% |
+21,215
| New | +$3.86M |
|
|
SCHW
1331
CALL
Charles Schwab
SCHW
$181B
| $3.96M | 0.01% |
145,000
-55,000
| -28% | -$1.44M |
|
|
MY
1332
DELISTED
CHINA MING YANG WIND PWR GRP LTD ADS RSPTG 1 ORD SHS (CHINA)
MY
| $3.96M | 0.01% |
+1,388,981
| New | +$4.16M |
|
1333
CALL
Trip.com Group
TCOM
$29.3B
| $3.94M | 0.01% |
156,400
-693,200
| -82% | -$15.9M |
|
1334
PUT
KB Home
KBH
$3.45B
| $3.91M | 0.01% |
230,300
-286,300
| -55% | -$5.25M |
|
1335
International Bancshares
IBOC
$4.75B
| $3.91M | 0.01% |
155,854
+140,601
| +922% | +$3.4M |
|
|
CZZ
1336
DELISTED
Cosan Limited
CZZ
| $3.91M | 0.01% |
342,761
-4,101
| -1% | -$48.9K |
|
|
CAA
1337
CALL
DELISTED
CalAtlantic Group, Inc.
CAA
| $3.91M | 0.01% |
94,000
-239,840
| -72% | -$10.4M |
|
|
ACO
1338
DELISTED
AMCOL International Corp
ACO
| $3.9M | 0.01% |
85,308
+62,816
| +279% | +$2.53M |
|
1339
Terex
TEX
$7.11B
| $3.89M | 0.01% |
87,808
-350,304
| -80% | -$14.7M |
|
1340
Altria Group
MO
$113B
| $3.89M | 0.01% |
+103,809
| New | +$3.77M |
|
1341
Eldorado Gold
EGO
$8.53B
| $3.88M | 0.01% |
139,098
-22,245
| -14% | -$726K |
|
|
ESL
1342
DELISTED
Esterline Technologies
ESL
| $3.88M | 0.01% |
36,381
+15,310
| +73% | +$1.61M |
|
1343
AngloGold Ashanti
AU
$41.6B
| $3.87M | 0.01% |
226,710
+113,397
| +100% | +$1.8M |
|
1344
Freeport-McMoran
FCX
$91.2B
| $3.86M | 0.01% |
116,734
+12,623
| +12% | +$420K |
|
1345
CALL
Waters Corp
WAT
$37.3B
| $3.86M | 0.01% |
35,600
| – | – |
|
1346
CALL
Intel
INTC
$460B
| $3.85M | 0.01% |
+149,300
| New | +$3.73M |
|
1347
CALL
Acadia Pharmaceuticals
ACAD
$4.55B
| $3.85M | 0.01% |
158,100
-116,900
| -43% | -$2.96M |
|
1348
Chubb
CB
$135B
| $3.84M | 0.01% |
38,793
-15,236
| -28% | -$1.48M |
|
1349
CALL
Paychex
PAYX
$41.4B
| $3.84M | 0.01% |
+90,100
| New | +$3.82M |
|
|
ADT
1350
DELISTED
ADT Corp
ADT
| $3.83M | 0.01% |
127,988
+81,638
| +176% | +$2.69M |
|
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.