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 | |
|---|---|---|---|---|---|---|
1651
Expeditors International
EXPD
$22.3B
| $2.37M | 0.01% |
59,742
-6,682
| -10% | -$274K |
|
|
GHL
1652
DELISTED
Greenhill & Co., Inc.
GHL
| $2.35M | 0.01% |
45,275
-32,199
| -42% | -$1.74M |
|
|
LTC
1653
LTC Properties
LTC
$2.13B
| $2.35M | 0.01% |
+62,475
| New | +$2.32M |
|
1654
Primerica
PRI
$10.1B
| $2.34M | 0.01% |
49,664
-58,130
| -54% | -$2.58M |
|
1655
News Corp Class B
NWS
$17.7B
| $2.34M | 0.01% |
140,041
+116,128
| +486% | +$1.97M |
|
|
CATM
1656
DELISTED
Cardtronics plc Class A Ordinary Shares (UK)
CATM
| $2.34M | 0.01% |
60,196
+6,414
| +12% | +$260K |
|
|
SKUL
1657
DELISTED
SKULLCANDY INC
SKUL
| $2.33M | 0.01% |
254,236
+186,436
| +275% | +$1.51M |
|
|
TUMI
1658
DELISTED
TUMI HLDGS INC COM
TUMI
| $2.33M | 0.01% |
102,971
+18,259
| +22% | +$392K |
|
1659
CALL
WEC Energy
WEC
$36.3B
| $2.33M | 0.01% |
50,000
-54,500
| -52% | -$2.35M |
|
|
ABCO
1660
DELISTED
Advisory Board Co
ABCO
| $2.33M | 0.01% |
36,240
-34,227
| -49% | -$2.17M |
|
|
HW
1661
DELISTED
Headwaters Inc
HW
| $2.32M | 0.01% |
175,719
-284,087
| -62% | -$3.39M |
|
1662
CALL
Phillips 66
PSX
$82.9B
| $2.31M | 0.01% |
30,000
+25,500
| +567% | +$1.94M |
|
1663
CALL
Televisa
TV
$1.49B
| $2.31M | 0.01% |
+69,300
| New | +$2.09M |
|
1664
Teleflex
TFX
$5.96B
| $2.3M | 0.01% |
21,482
-55,067
| -72% | -$5.42M |
|
1665
Service Corp International
SCI
$11.8B
| $2.3M | 0.01% |
115,851
-311,691
| -73% | -$5.72M |
|
|
NNA
1666
DELISTED
Navios Maritime Acquisition Corporation
NNA
| $2.3M | 0.01% |
41,864
+24,635
| +143% | +$1.51M |
|
|
ZLC
1667
CALL
DELISTED
ZALE CORPORATION
ZLC
| $2.29M | 0.01% |
+109,500
| New | +$1.98M |
|
|
AHT
1668
Ashford Hospitality Trust
AHT
$20.8M
| $2.29M | 0.01% |
218
-250
| -53% | -$2.3M |
|
1669
Kaiser Aluminum
KALU
$2.48B
| $2.29M | 0.01% |
+32,020
| New | +$2.24M |
|
|
IRD
1670
Opus Genetics
IRD
$287M
| $2.29M | 0.01% |
+4,412
| New | +$2.39M |
|
|
CAMP
1671
DELISTED
CalAmp Corp.
CAMP
| $2.29M | 0.01% |
3,568
-1,928
| -35% | -$1.35M |
|
1672
PUT
Insmed
INSM
$22.4B
| $2.29M | 0.01% |
+120,000
| New | +$2.28M |
|
1673
Williams-Sonoma
WSM
$27.5B
| $2.27M | 0.01% |
68,122
-357,136
| -84% | -$10.4M |
|
|
PMC
1674
DELISTED
PharMerica Corporation
PMC
| $2.26M | 0.01% |
80,703
-135,464
| -63% | -$3.33M |
|
|
RUTH
1675
DELISTED
Ruth's Hospitality Group, Inc.
RUTH
| $2.26M | 0.01% |
186,589
+134,120
| +256% | +$1.7M |
|
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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.