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 | |
|---|---|---|---|---|---|---|
1701
WisdomTree Japan Hedged Equity Fund
DXJ
$7.07B
| $2.19M | 0.01% |
46,298
+1,799
| +4% | +$85.7K |
|
1702
Rockwell Medical
RMTI
$27.2M
| $2.19M | 0.01% |
1,573
-1,812
| -54% | -$2.36M |
|
|
RPXC
1703
DELISTED
RPX Corporation
RPXC
| $2.19M | 0.01% |
134,448
+52,958
| +65% | +$864K |
|
|
LMNS
1704
DELISTED
LUMENIS LTD CL B ORD SHS (ISR)
LMNS
| $2.19M | 0.01% |
+194,073
| New | +$2.31M |
|
|
DRII
1705
DELISTED
DIAMOND RESORTS INTL, INC
DRII
| $2.17M | 0.01% |
128,180
+93,260
| +267% | +$1.68M |
|
|
PPO
1706
DELISTED
POLYPORE INTERNATIONAL, INC
PPO
| $2.17M | 0.01% |
+63,459
| New | +$2.22M |
|
1707
EnerSys
ENS
$6.43B
| $2.17M | 0.01% |
31,250
+7,127
| +30% | +$500K |
|
|
CSGS
1708
DELISTED
CSG Systems International
CSGS
| $2.16M | 0.01% |
83,107
+32,396
| +64% | +$914K |
|
1709
PUT
Carnival Corporation Ltd
CCL
$38.1B
| $2.16M | 0.01% |
+95,000
| New | +$3.77M |
|
|
SD
1710
DELISTED
SANDRIDGE ENERGY, INC.
SD
| $2.15M | 0.01% |
350,922
+305,822
| +678% | +$1.91M |
|
1711
Old National Bancorp
ONB
$10.2B
| $2.15M | 0.01% |
144,407
+14,118
| +11% | +$201K |
|
1712
CALL
Incyte
INCY
$25.8B
| $2.15M | 0.01% |
40,200
+20,500
| +104% | +$1.27M |
|
|
BLT
1713
DELISTED
BLOUNT INTERNATIONAL (NEW)
BLT
| $2.15M | 0.01% |
180,811
-15,174
| -8% | -$192K |
|
1714
State Street SPDR S&P Homebuilders ETF
XHB
$1.61B
| $2.15M | 0.01% |
+66,073
| New | +$2.15M |
|
1715
Crane NXT
CXT
$2.99B
| $2.15M | 0.01% |
86,917
-333,857
| -79% | -$7.88M |
|
1716
CALL
KB Home
KBH
$3.5B
| $2.15M | 0.01% |
126,300
+114,400
| +961% | +$2.1M |
|
|
PPS
1717
DELISTED
Post Properties
PPS
| $2.14M | 0.01% |
43,663
-32,648
| -43% | -$1.56M |
|
1718
Orthofix Medical
OFIX
$492M
| $2.14M | 0.01% |
71,016
-483,483
| -87% | -$11.1M |
|
1719
First Financial Bankshares
FFIN
$5.05B
| $2.14M | 0.01% |
138,512
+95,896
| +225% | +$1.49M |
|
|
FARO
1720
DELISTED
Faro Technologies
FARO
| $2.14M | 0.01% |
40,310
+30,964
| +331% | +$1.67M |
|
1721
Check Point Software Technologies
CHKP
$14.3B
| $2.13M | 0.01% |
+31,500
| New | +$2.08M |
|
|
SAVE
1722
DELISTED
Spirit Airlines, Inc.
SAVE
| $2.13M | 0.01% |
+35,813
| New | +$1.88M |
|
|
DFS
1723
DELISTED
Discover Financial Services
DFS
| $2.12M | 0.01% |
36,425
-464,119
| -93% | -$26M |
|
1724
PDF Solutions
PDFS
$1.72B
| $2.12M | 0.01% |
+116,440
| New | +$2.57M |
|
|
AWH
1725
DELISTED
Allied World Assurance Co Hld Lt
AWH
| $2.12M | 0.01% |
61,524
-25,614
| -29% | -$879K |
|
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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.