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 | |
|---|---|---|---|---|---|---|
1551
iShares TIPS Bond ETF
TIP
$14.5B
| $2.76M | 0.01% |
24,598
+18,539
| +306% | +$2.07M |
|
1552
Comstock Resources
CRK
$3.7B
| $2.75M | 0.01% |
24,041
+5,140
| +27% | +$483K |
|
1553
TAL Education Group
TAL
$6.04B
| $2.74M | 0.01% |
730,926
+207,198
| +40% | +$819K |
|
|
EEP
1554
CALL
DELISTED
Enbridge Energy Partners
EEP
| $2.74M | 0.01% |
+100,000
| New | +$2.8M |
|
|
HEES
1555
DELISTED
H&E Equipment Services
HEES
| $2.74M | 0.01% |
67,723
-39,811
| -37% | -$1.32M |
|
1556
Companhia Siderúrgica Nacional
SID
$1.37B
| $2.74M | 0.01% |
628,106
-89,042
| -12% | -$425K |
|
|
GLBR
1557
DELISTED
Global Brokerage, Inc. Class A Common Stock
GLBR
| $2.73M | 0.01% |
18,519
-4,108
| -18% | -$683K |
|
|
VG
1558
DELISTED
Vonage Holdings Corporation
VG
| $2.73M | 0.01% |
640,489
+204,621
| +47% | +$872K |
|
1559
Invesco Mortgage Capital
IVR
$759M
| $2.73M | 0.01% |
16,598
+7,959
| +92% | +$1.29M |
|
|
AEC
1560
DELISTED
ASSOCIATED ESTATES REALTY CORP
AEC
| $2.73M | 0.01% |
161,417
+141,951
| +729% | +$2.36M |
|
1561
PUT
Eagle Materials
EXP
$6.49B
| $2.73M | 0.01% |
+30,800
| New | +$2.54M |
|
1562
PUT
UnitedHealth
UNH
$382B
| $2.73M | 0.01% |
+33,300
| New | +$2.51M |
|
|
WY.PRA
1563
DELISTED
WEYERHAEUSER COMP PREF CONV SER A (WA)
WY.PRA
| $2.73M | 0.01% |
50,000
| – | – |
|
1564
CALL
Valero Energy
VLO
$89.5B
| $2.72M | 0.01% |
51,200
+7,900
| +18% | +$404K |
|
|
1565
PUT
Valero Energy
VLO
$89.5B
| $2.72M | 0.01% |
51,200
-41,800
| -45% | -$2.14M |
|
1566
uniQure
QURE
$2.78B
| $2.71M | 0.01% |
+174,243
| New | +$2.78M |
|
|
ICON
1567
DELISTED
Iconix Brand Group, Inc.
ICON
| $2.71M | 0.01% |
+6,903
| New | +$2.69M |
|
|
MEP
1568
DELISTED
Midcoast Energy Partners, L.P.
MEP
| $2.71M | 0.01% |
+131,187
| New | +$2.68M |
|
1569
Rogers Corp
ROG
$2.09B
| $2.71M | 0.01% |
43,372
-22,607
| -34% | -$1.37M |
|
1570
CALL
Alcoa
AA
$11.3B
| $2.7M | 0.01% |
+87,432
| New | +$2.43M |
|
1571
Strategy Inc
MSTR
$34.1B
| $2.69M | 0.01% |
233,270
-232,840
| -50% | -$2.91M |
|
1572
Lear
LEA
$7.39B
| $2.69M | 0.01% |
32,098
-90,579
| -74% | -$7.21M |
|
1573
CALL
AutoZone
AZO
$51.3B
| $2.69M | 0.01% |
5,000
-26,000
| -84% | -$13.5M |
|
|
MW
1574
PUT
DELISTED
THE MENS WAREHOUSE INC
MW
| $2.67M | 0.01% |
+54,600
| New | +$2.71M |
|
1575
Gildan
GIL
$9.49B
| $2.67M | 0.01% |
+106,070
| New | +$2.73M |
|
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.