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 | |
|---|---|---|---|---|---|---|
|
MW
1576
CALL
DELISTED
THE MENS WAREHOUSE INC
MW
| $2.67M | 0.01% |
+54,500
| New | +$2.71M |
|
|
JOY
1577
PUT
DELISTED
Joy Global Inc
JOY
| $2.67M | 0.01% |
46,000
+7,900
| +21% | +$439K |
|
1578
Central Pacific Financial
CPF
$1.02B
| $2.67M | 0.01% |
131,990
+72,909
| +123% | +$1.43M |
|
1579
Republic Services
RSG
$67.4B
| $2.67M | 0.01% |
78,057
-766,943
| -91% | -$25.4M |
|
1580
Edgewell Personal Care
EPC
$1.3B
| $2.67M | 0.01% |
35,688
-34,320
| -49% | -$2.51M |
|
|
NATI
1581
DELISTED
National Instruments Corp
NATI
| $2.67M | 0.01% |
92,877
+29,454
| +46% | +$878K |
|
1582
ABM Industries
ABM
$2.89B
| $2.65M | 0.01% |
92,336
-5,466
| -6% | -$152K |
|
1583
Caleres
CAL
$432M
| $2.65M | 0.01% |
99,787
-154,307
| -61% | -$3.87M |
|
1584
PUT
Under Armour
UAA
$3.01B
| $2.65M | 0.01% |
+93,056
| New | +$2.42M |
|
1585
Barrett Business Services
BBSI
$1.01B
| $2.64M | 0.01% |
177,492
+107,644
| +154% | +$2M |
|
1586
Tenet Healthcare
THC
$22.2B
| $2.64M | 0.01% |
61,709
-27,562
| -31% | -$1.22M |
|
|
SRCI
1587
DELISTED
SRC Energy Inc
SRCI
| $2.64M | 0.01% |
245,295
-10,770
| -4% | -$103K |
|
1588
DXP Enterprises
DXPE
$2.3B
| $2.63M | 0.01% |
27,736
+25,049
| +932% | +$2.52M |
|
|
MHGC
1589
DELISTED
Morgans Hotel Group Co.
MHGC
| $2.61M | 0.01% |
325,000
-326,375
| -50% | -$2.58M |
|
1590
Tetra Tech
TTEK
$8.77B
| $2.61M | 0.01% |
440,860
-148,175
| -25% | -$863K |
|
|
QPAC
1591
DELISTED
QUINPARIO ACQUISITION CORP COM STK
QPAC
| $2.61M | 0.01% |
253,500
| – | – |
|
|
CALL
1592
DELISTED
magicJack VocalTec Ltd
CALL
| $2.6M | 0.01% |
122,391
+64,770
| +112% | +$1.11M |
|
|
DHC
1593
Diversified Healthcare Trust
DHC
$2.15B
| $2.59M | 0.01% |
+116,448
| New | +$2.55M |
|
|
SQNM
1594
DELISTED
SEQUENOM INC NEW
SQNM
| $2.58M | 0.01% |
1,054,315
-593,113
| -36% | -$1.41M |
|
|
PGTI
1595
DELISTED
PGT, Inc.
PGTI
| $2.58M | 0.01% |
224,228
+64,076
| +40% | +$717K |
|
1596
State Street SPDR S&P Biotech ETF
XBI
$10B
| $2.58M | 0.01% |
+54,333
| New | +$2.78M |
|
1597
The GEO Group
GEO
$4B
| $2.58M | 0.01% |
119,862
-103,899
| -46% | -$2.25M |
|
1598
Entegris
ENTG
$16.3B
| $2.56M | 0.01% |
211,571
+159,871
| +309% | +$1.86M |
|
1599
AMC Global Media
AMCX
$450M
| $2.56M | 0.01% |
35,000
-218,783
| -86% | -$15.3M |
|
|
CHTP
1600
CALL
DELISTED
CHELSEA THERAPEUTICS INT'L LTD
CHTP
| $2.56M | 0.01% |
+463,200
| New | +$2.32M |
|
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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.