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 | |
|---|---|---|---|---|---|---|
|
LHO
1676
DELISTED
LaSalle Hotel Properties
LHO
| $2.25M | 0.01% |
71,927
+5,567
| +8% | +$173K |
|
|
SYKE
1677
DELISTED
SYKES Enterprises Inc
SYKE
| $2.25M | 0.01% |
113,145
+52,643
| +87% | +$1.08M |
|
|
CQB
1678
DELISTED
CHIQUITA BRANDS INTL (NEW)
CQB
| $2.25M | 0.01% |
+180,600
| New | +$2.03M |
|
1679
Green Plains
GPRE
$1.15B
| $2.25M | 0.01% |
75,000
-180,430
| -71% | -$4.42M |
|
1680
CALL
AvalonBay Communities
AVB
$27.5B
| $2.25M | 0.01% |
+17,100
| New | +$2.16M |
|
1681
American Tower
AMT
$83.5B
| $2.24M | 0.01% |
27,407
-25,113
| -48% | -$2.05M |
|
1682
PUT
Ulta Beauty
ULTA
$21.8B
| $2.24M | 0.01% |
23,000
-48,400
| -68% | -$4.36M |
|
1683
New Jersey Resources
NJR
$6B
| $2.24M | 0.01% |
89,870
+63,644
| +243% | +$1.46M |
|
|
WW
1684
CALL
DELISTED
WW International
WW
| $2.23M | 0.01% |
108,600
-57,500
| -35% | -$1.45M |
|
1685
Helen of Troy
HELE
$656M
| $2.23M | 0.01% |
+32,167
| New | +$1.96M |
|
|
K
1686
DELISTED
Kellanova
K
| $2.23M | 0.01% |
37,799
-638,324
| -94% | -$36.2M |
|
1687
ProShares UltraShort S&P500
SDS
$435M
| $2.22M | 0.01% |
+784
| New | +$2.34M |
|
1688
PUT
Marathon Petroleum
MPC
$90.1B
| $2.22M | 0.01% |
51,000
-64,600
| -56% | -$2.83M |
|
1689
HSBC
HSBC
$352B
| $2.22M | 0.01% |
50,646
-15,079
| -23% | -$684K |
|
|
PINC
1690
DELISTED
Premier
PINC
| $2.22M | 0.01% |
+67,326
| New | +$2.36M |
|
|
URS
1691
DELISTED
URS CORP
URS
| $2.21M | 0.01% |
47,075
-164,689
| -78% | -$7.98M |
|
|
TRNX
1692
CALL
DELISTED
TORNIER N V SHARES (NLD)
TRNX
| $2.21M | 0.01% |
104,300
| – | – |
|
1693
Papa John's
PZZA
$1.01B
| $2.21M | 0.01% |
+42,332
| New | +$2.09M |
|
1694
BioMarin Pharmaceuticals
BMRN
$11.9B
| $2.2M | 0.01% |
32,307
-916,023
| -97% | -$67.5M |
|
|
HI
1695
DELISTED
Hillenbrand
HI
| $2.2M | 0.01% |
68,180
-29,311
| -30% | -$867K |
|
|
AUY
1696
CALL
DELISTED
Yamana Gold, Inc.
AUY
| $2.2M | 0.01% |
250,500
-299,500
| -54% | -$2.9M |
|
|
HBI
1697
DELISTED
Hanesbrands
HBI
| $2.2M | 0.01% |
114,828
-1,526,164
| -93% | -$27.4M |
|
|
NEWP
1698
DELISTED
NEWPORT CORP
NEWP
| $2.2M | 0.01% |
106,187
+41,848
| +65% | +$813K |
|
1699
Winnebago Industries
WGO
$900M
| $2.19M | 0.01% |
+80,105
| New | +$2.1M |
|
1700
Asbury Automotive
ABG
$4.62B
| $2.19M | 0.01% |
39,647
-66,687
| -63% | -$3.4M |
|
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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.