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 | |
|---|---|---|---|---|---|---|
1451
CALL
Lennar Class A
LEN
$20.2B
| $3.26M | 0.01% |
86,461
-209,692
| -71% | -$8.01M |
|
|
PGH
1452
DELISTED
Pengrowth Energy Corporation
PGH
| $3.26M | 0.01% |
536,271
+363,387
| +210% | +$2.31M |
|
1453
Columbia Sportswear
COLM
$3.21B
| $3.26M | 0.01% |
+78,872
| New | +$3.14M |
|
1454
Donaldson
DCI
$10.7B
| $3.26M | 0.01% |
76,795
+20,298
| +36% | +$854K |
|
1455
Vanda Pharmaceuticals
VNDA
$312M
| $3.25M | 0.01% |
200,000
-678,530
| -77% | -$9.65M |
|
|
MGAM
1456
DELISTED
MULTIMEDIA GAMES HOLDING COMPANY INC COM STK (TX)
MGAM
| $3.25M | 0.01% |
111,908
+77,477
| +225% | +$2.44M |
|
|
ECOM
1457
DELISTED
CHANNELADVISOR CORPORATION
ECOM
| $3.24M | 0.01% |
85,951
+52,499
| +157% | +$2.26M |
|
1458
Sturm, Ruger & Co
RGR
$623M
| $3.22M | 0.01% |
53,917
+39,495
| +274% | +$2.78M |
|
|
TESO
1459
DELISTED
Tesco Corp
TESO
| $3.22M | 0.01% |
174,235
+148,712
| +583% | +$2.9M |
|
|
RESI
1460
DELISTED
Front Yard Residential Corporation Common Stock
RESI
| $3.21M | 0.01% |
101,814
+38,617
| +61% | +$1.17M |
|
|
VGR
1461
DELISTED
Vector Group Ltd.
VGR
| $3.21M | 0.01% |
281,134
-134,560
| -32% | -$1.35M |
|
1462
First Interstate BancSystem
FIBK
$3.74B
| $3.2M | 0.01% |
113,437
+47,742
| +73% | +$1.26M |
|
|
RC
1463
Ready Capital
RC
$261M
| $3.2M | 0.01% |
192,089
-3,931
| -2% | -$66.8K |
|
1464
PUT
Walt Disney
DIS
$167B
| $3.19M | 0.01% |
+39,900
| New | +$3.09M |
|
|
ALR
1465
PUT
DELISTED
Alere Inc
ALR
| $3.19M | 0.01% |
154,700
-172,900
| -53% | -$6.32M |
|
1466
CALL
American Tower
AMT
$81.3B
| $3.19M | 0.01% |
38,900
| – | – |
|
|
ZLTQ
1467
DELISTED
ZELTIQ Aesthetics, Inc.
ZLTQ
| $3.18M | 0.01% |
162,188
+137,297
| +552% | +$2.68M |
|
1468
PUT
Fluor
FLR
$6.99B
| $3.16M | 0.01% |
40,600
+600
| +2% | +$46.8K |
|
|
GNMK
1469
DELISTED
GenMark Diagnostics, Inc
GNMK
| $3.16M | 0.01% |
317,482
+292,482
| +1,170% | +$3.63M |
|
|
AGN
1470
CALL
DELISTED
Allergan Inc
AGN
| $3.15M | 0.01% |
25,400
-365,000
| -93% | -$44.4M |
|
1471
Movado Group
MOV
$849M
| $3.15M | 0.01% |
69,135
+17,750
| +35% | +$724K |
|
1472
Advanced Micro Devices
AMD
$791B
| $3.14M | 0.01% |
783,667
-1,746,943
| -69% | -$6.67M |
|
1473
W.W. Grainger
GWW
$64B
| $3.14M | 0.01% |
12,432
-63,693
| -84% | -$15.9M |
|
|
SCMP
1474
DELISTED
Sucampo Pharmaceuticals, Inc.
SCMP
| $3.13M | 0.01% |
437,368
+328,699
| +302% | +$2.81M |
|
1475
CALL
Abercrombie & Fitch
ANF
$4.45B
| $3.13M | 0.01% |
81,200
-59,000
| -42% | -$2.16M |
|
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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.