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 | |
|---|---|---|---|---|---|---|
1501
CALL
MGIC Investment
MTG
$6.47B
| $2.99M | 0.01% |
+350,500
| New | +$3.05M |
|
|
ILG
1502
DELISTED
ILG, Inc Common Stock
ILG
| $2.98M | 0.01% |
114,127
+75,910
| +199% | +$2.09M |
|
|
KRA
1503
DELISTED
Kraton Corporation
KRA
| $2.98M | 0.01% |
114,023
+53,929
| +90% | +$1.36M |
|
1504
The Greenbrier Companies
GBX
$1.57B
| $2.98M | 0.01% |
65,264
-461,449
| -88% | -$18.2M |
|
1505
Blackstone Mortgage Trust
BXMT
$2.77B
| $2.96M | 0.01% |
+102,989
| New | +$2.92M |
|
|
RVBD
1506
CALL
DELISTED
RIVERBED TECHNOLOGY, INC COM
RVBD
| $2.96M | 0.01% |
+150,000
| New | +$3M |
|
|
CYBX
1507
DELISTED
CYBERONICS INC
CYBX
| $2.96M | 0.01% |
45,298
+8,645
| +24% | +$582K |
|
1508
Toyota
TM
$228B
| $2.95M | 0.01% |
26,152
-73,099
| -74% | -$8.44M |
|
1509
Advanced Energy
AEIS
$10.1B
| $2.95M | 0.01% |
120,298
+44,879
| +60% | +$1.17M |
|
1510
U-Haul Holding Co
UHAL
$14B
| $2.93M | 0.01% |
126,220
+32,340
| +34% | +$748K |
|
|
TFM
1511
DELISTED
THE FRESH MARKET, INC COM STK
TFM
| $2.92M | 0.01% |
87,057
-390,785
| -82% | -$13.8M |
|
1512
Emergent Biosolutions
EBS
$379M
| $2.92M | 0.01% |
115,601
+3,418
| +3% | +$86.3K |
|
1513
Open Text
OTEX
$6.28B
| $2.92M | 0.01% |
+122,178
| New | +$2.97M |
|
|
THI
1514
DELISTED
TIM HORTONS INC COM, CANADA
THI
| $2.91M | 0.01% |
52,638
+2,308
| +5% | +$125K |
|
|
ALU
1515
DELISTED
Alcatel-Lucent
ALU
| $2.91M | 0.01% |
745,218
+143,180
| +24% | +$594K |
|
|
ACI
1516
DELISTED
ARCH COAL, INC.
ACI
| $2.89M | 0.01% |
60,000
-45,318
| -43% | -$1.94M |
|
1517
PUT
Royal Gold
RGLD
$16.6B
| $2.89M | 0.01% |
46,100
+19,900
| +76% | +$1.22M |
|
1518
Strategic Education
STRA
$1.98B
| $2.88M | 0.01% |
62,141
+12,892
| +26% | +$530K |
|
|
PDM
1519
Piedmont Realty Trust
PDM
$1.24B
| $2.88M | 0.01% |
168,004
-167,160
| -50% | -$2.8M |
|
|
CMLS
1520
DELISTED
Cumulus Media Inc. Class A Common Stock
CMLS
| $2.88M | 0.01% |
52,019
+13,539
| +35% | +$741K |
|
1521
Jabil
JBL
$30.1B
| $2.87M | 0.01% |
159,245
-81,969
| -34% | -$1.48M |
|
1522
Cal-Maine
CALM
$4.43B
| $2.86M | 0.01% |
91,044
+70,640
| +346% | +$1.93M |
|
|
CYT
1523
DELISTED
CYTEC INDS INC
CYT
| $2.86M | 0.01% |
58,558
-104,588
| -64% | -$4.85M |
|
1524
PUT
United Rentals
URI
$65.7B
| $2.85M | 0.01% |
30,000
-400
| -1% | -$33.9K |
|
1525
Rio Tinto
RIO
$152B
| $2.85M | 0.01% |
51,000
+31,000
| +155% | +$1.69M |
|
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.