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 | |
|---|---|---|---|---|---|---|
126
Charles River Laboratories
CRL
$11.2B
| $54.5M | 0.16% |
902,588
+668,977
| +286% | +$39M |
|
|
MON
127
DELISTED
Monsanto Co
MON
| $53.9M | 0.16% |
474,144
+429,948
| +973% | +$47.9M |
|
|
PVA
128
DELISTED
PENN VIRGINIA CORP
PVA
| $53.8M | 0.16% |
3,075,423
+2,058,861
| +203% | +$27.5M |
|
129
Artisan Partners
APAM
$2.79B
| $53.6M | 0.16% |
833,940
+437,361
| +110% | +$28.1M |
|
130
F5
FFIV
$22.9B
| $53.3M | 0.15% |
499,924
+103,011
| +26% | +$10.9M |
|
131
Flowers Foods
FLO
$1.49B
| $52.7M | 0.15% |
2,455,798
-111,710
| -4% | -$2.33M |
|
|
DISH
132
DELISTED
DISH Network Corp.
DISH
| $52.2M | 0.15% |
839,361
+303,211
| +57% | +$17.7M |
|
133
DuPont de Nemours
DD
$18.5B
| $52.2M | 0.15% |
424,282
+329,652
| +348% | +$38.8M |
|
134
Regions Financial
RF
$26.4B
| $52M | 0.15% |
4,683,690
-2,585,894
| -36% | -$27.2M |
|
135
Affiliated Managers Group
AMG
$9.69B
| $52M | 0.15% |
260,046
+223,183
| +605% | +$43.8M |
|
136
Phillips 66
PSX
$84.9B
| $51.9M | 0.15% |
673,724
+662,937
| +6,146% | +$50.5M |
|
|
137
Alphabet (Google) Class C
GOOG
$4.36T
| $51.5M | 0.15% |
1,853,923
-4,673,331
| -72% | -$136M |
|
|
WMGI
138
DELISTED
Wright Medical Group Inc
WMGI
| $51.4M | 0.15% |
1,654,906
+821,268
| +99% | +$25.9M |
|
|
MHR
139
DELISTED
MAGNUM HUNTER RESOURCES CORP (DEL)
MHR
| $51.3M | 0.15% |
6,039,942
-387,728
| -6% | -$3.12M |
|
|
JAH
140
DELISTED
JARDEN CORPORATION
JAH
| $51.2M | 0.15% |
1,283,726
+377,109
| +42% | +$15.3M |
|
141
Yum! Brands
YUM
$41.8B
| $51M | 0.15% |
941,692
+779,813
| +482% | +$41.1M |
|
|
FDO
142
DELISTED
FAMILY DOLLAR STORES
FDO
| $50.7M | 0.15% |
874,740
+79,580
| +10% | +$5.02M |
|
143
First Horizon
FHN
$12.2B
| $50.7M | 0.15% |
4,105,103
+1,666,234
| +68% | +$19.9M |
|
|
CELG
144
DELISTED
Celgene Corp
CELG
| $50.5M | 0.15% |
723,544
+454,644
| +169% | +$36M |
|
145
Arthur J. Gallagher & Co
AJG
$64.1B
| $50.5M | 0.15% |
1,060,702
+714,874
| +207% | +$33.4M |
|
146
CALL
Teva Pharmaceuticals
TEVA
$40.8B
| $50.5M | 0.15% |
954,800
+874,400
| +1,088% | +$40.4M |
|
|
TEG
147
DELISTED
INTEGRYS ENERGY GROUP INC COM (USA)
TEG
| $50.2M | 0.15% |
842,269
-48,082
| -5% | -$2.67M |
|
148
Starbucks
SBUX
$120B
| $50.2M | 0.15% |
1,368,386
+876,840
| +178% | +$32.4M |
|
|
CTRX
149
DELISTED
CATAMARAN CORP COM STK (CDA)
CTRX
| $49.7M | 0.14% |
1,110,978
+861,894
| +346% | +$41.4M |
|
|
UPL
150
DELISTED
Ultra Petroleum Corp. Common Stock
UPL
| $49.6M | 0.14% |
1,845,163
+1,831,034
| +12,959% | +$43.7M |
|
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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.