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 | |
|---|---|---|---|---|---|---|
1351
Southwest Gas
SWX
$6.54B
| $3.83M | 0.01% |
+71,674
| New | +$3.85M |
|
|
AXON
1352
Axon Enterprise
AXON
$42.3B
| $3.82M | 0.01% |
208,920
-271,963
| -57% | -$4.86M |
|
1353
Ultragenyx Pharmaceutical
RARE
$2.56B
| $3.82M | 0.01% |
+78,131
| New | +$4.02M |
|
|
INSY
1354
DELISTED
Insys Therapeutics, Inc.
INSY
| $3.82M | 0.01% |
184,358
+145,610
| +376% | +$2.89M |
|
1355
Vail Resorts
MTN
$5.45B
| $3.8M | 0.01% |
54,532
+33,723
| +162% | +$2.39M |
|
1356
Kosmos Energy
KOS
$1.52B
| $3.8M | 0.01% |
345,479
-1,187,789
| -77% | -$12.7M |
|
1357
SLR Investment Corp
SLRC
$696M
| $3.79M | 0.01% |
174,188
+96,436
| +124% | +$2.15M |
|
1358
CALL
Williams Companies
WMB
$86.7B
| $3.78M | 0.01% |
93,200
+87,500
| +1,535% | +$3.54M |
|
|
RTI
1359
DELISTED
RTI INTL METALS INC(HLDG CO)
RTI
| $3.77M | 0.01% |
135,881
+75,431
| +125% | +$2.24M |
|
1360
CALL
Altria Group
MO
$113B
| $3.77M | 0.01% |
+100,600
| New | +$3.66M |
|
1361
East-West Bancorp
EWBC
$17.9B
| $3.76M | 0.01% |
103,126
+21,872
| +27% | +$770K |
|
1362
Lattice Semiconductor
LSCC
$17.7B
| $3.75M | 0.01% |
478,857
+100,781
| +27% | +$688K |
|
1363
Assurant
AIZ
$14B
| $3.74M | 0.01% |
+57,616
| New | +$3.78M |
|
1364
Beazer Homes USA
BZH
$891M
| $3.74M | 0.01% |
186,380
+129,243
| +226% | +$2.82M |
|
1365
CALL
Dominion Energy
D
$61.3B
| $3.74M | 0.01% |
52,700
-22,300
| -30% | -$1.52M |
|
|
ISIL
1366
DELISTED
Intersil Corp
ISIL
| $3.73M | 0.01% |
289,041
+5,722
| +2% | +$68.3K |
|
1367
Crocs
CROX
$6.14B
| $3.73M | 0.01% |
238,902
-620,142
| -72% | -$9.49M |
|
1368
H.B. Fuller
FUL
$2.98B
| $3.72M | 0.01% |
77,097
+70,313
| +1,036% | +$3.4M |
|
1369
Red Robin
RRGB
$144M
| $3.72M | 0.01% |
51,921
-6,101
| -11% | -$429K |
|
1370
Penske Automotive Group
PAG
$14.5B
| $3.72M | 0.01% |
86,962
+79,176
| +1,017% | +$3.44M |
|
1371
First American
FAF
$7.71B
| $3.71M | 0.01% |
139,821
+64,540
| +86% | +$1.71M |
|
|
CRAY
1372
DELISTED
Cray, Inc.
CRAY
| $3.71M | 0.01% |
+99,461
| New | +$3.36M |
|
|
MOVE
1373
DELISTED
MOVE INC COM STK NEW (DE)
MOVE
| $3.71M | 0.01% |
320,662
+189,429
| +144% | +$2.56M |
|
1374
Wendy's
WEN
$1.4B
| $3.71M | 0.01% |
+406,248
| New | +$3.72M |
|
1375
SITE Centers
SITC
$227M
| $3.7M | 0.01% |
174,349
+138,333
| +384% | +$2.85M |
|
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.