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 | |
|---|---|---|---|---|---|---|
1376
Live Nation Entertainment
LYV
$42.7B
| $3.7M | 0.01% |
169,945
+7,477
| +5% | +$162K |
|
1377
PUT
Constellation Brands
STZ
$22.3B
| $3.7M | 0.01% |
43,500
-232,900
| -84% | -$18.5M |
|
|
GPOR
1378
PUT
DELISTED
Gulfport Energy Corp.
GPOR
| $3.69M | 0.01% |
51,900
-28,800
| -36% | -$1.77M |
|
|
ECYT
1379
PUT
DELISTED
Endocyte, Inc. Common Stock
ECYT
| $3.68M | 0.01% |
+154,700
| New | +$2.24M |
|
|
DOC
1380
DELISTED
PHYSICIANS REALTY TRUST
DOC
| $3.68M | 0.01% |
264,067
+56,562
| +27% | +$735K |
|
1381
BCE
BCE
$20.2B
| $3.67M | 0.01% |
85,189
+5,852
| +7% | +$249K |
|
1382
Encore Capital Group
ECPG
$2.02B
| $3.67M | 0.01% |
80,421
+71,517
| +803% | +$3.45M |
|
|
BMS
1383
CALL
DELISTED
Bemis
BMS
| $3.67M | 0.01% |
+93,400
| New | +$3.64M |
|
1384
Acadia Realty Trust
AKR
$3.08B
| $3.65M | 0.01% |
138,527
+84,114
| +155% | +$2.17M |
|
|
KND
1385
DELISTED
Kindred Healthcare
KND
| $3.64M | 0.01% |
155,387
+119,403
| +332% | +$2.47M |
|
1386
Essent Group
ESNT
$6.12B
| $3.64M | 0.01% |
161,993
-252,661
| -61% | -$6.05M |
|
1387
Exelixis
EXEL
$14.1B
| $3.64M | 0.01% |
1,027,537
+610,241
| +146% | +$4.15M |
|
1388
MKS Inc
MKSI
$19.8B
| $3.64M | 0.01% |
121,653
+25,122
| +26% | +$754K |
|
1389
Eli Lilly
LLY
$1.03T
| $3.63M | 0.01% |
61,628
-451,372
| -88% | -$25.2M |
|
|
MRO
1390
PUT
DELISTED
Marathon Oil Corporation
MRO
| $3.62M | 0.01% |
+102,000
| New | +$3.44M |
|
1391
Burlington
BURL
$23.4B
| $3.62M | 0.01% |
122,612
+120,300
| +5,203% | +$3.31M |
|
1392
RPC Inc
RES
$1.2B
| $3.62M | 0.01% |
177,284
+137,660
| +347% | +$2.54M |
|
|
1393
CALL
Exelixis
EXEL
$14.1B
| $3.61M | 0.01% |
1,020,800
+390,400
| +62% | +$2.66M |
|
1394
PUT
AvalonBay Communities
AVB
$26.8B
| $3.61M | 0.01% |
+27,500
| New | +$3.47M |
|
1395
PUT
FirstEnergy
FE
$28.2B
| $3.61M | 0.01% |
106,100
-600
| -0.6% | -$19K |
|
|
BRCM
1396
PUT
DELISTED
BROADCOM CORP CL-A
BRCM
| $3.61M | 0.01% |
114,700
-441,600
| -79% | -$13.3M |
|
1397
KB Home
KBH
$3.45B
| $3.61M | 0.01% |
212,363
-425,354
| -67% | -$7.8M |
|
1398
CALL
Thermo Fisher Scientific
TMO
$214B
| $3.61M | 0.01% |
+30,000
| New | +$3.57M |
|
1399
PennantPark Floating Rate Capital
PFLT
$696M
| $3.6M | 0.01% |
260,815
-98,680
| -27% | -$1.37M |
|
|
NLSN
1400
DELISTED
Nielsen Holdings plc
NLSN
| $3.58M | 0.01% |
80,322
+42,855
| +114% | +$1.92M |
|
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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.