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 | |
|---|---|---|---|---|---|---|
|
CNW
1726
DELISTED
CON-WAY INC.
CNW
| $2.11M | 0.01% |
51,405
-250,211
| -83% | -$9.84M |
|
|
AUY
1727
DELISTED
Yamana Gold, Inc.
AUY
| $2.11M | 0.01% |
240,400
-745,840
| -76% | -$7.21M |
|
1728
Energy Transfer Partners
ET
$69.5B
| $2.1M | 0.01% |
90,000
-14,000
| -13% | -$302K |
|
1729
State Street SPDR Bloomberg High Yield Bond ETF
JNK
$7.05B
| $2.1M | 0.01% |
16,969
-11,497
| -40% | -$1.41M |
|
1730
Sanofi
SNY
$107B
| $2.1M | 0.01% |
+40,200
| New | +$2.03M |
|
|
VVC
1731
DELISTED
Vectren Corporation
VVC
| $2.1M | 0.01% |
53,366
-20,854
| -28% | -$771K |
|
1732
Marvell Technology
MRVL
$147B
| $2.1M | 0.01% |
133,401
-1,174,064
| -90% | -$17.9M |
|
|
BRS
1733
DELISTED
Bristow Group, Inc.
BRS
| $2.1M | 0.01% |
27,745
-117,511
| -81% | -$8.71M |
|
1734
CALL
Apple
AAPL
$4.97T
| $2.09M | 0.01% |
109,200
+16,800
| +18% | +$320K |
|
|
ACH
1735
Accendra Health
ACH
$254M
| $2.09M | 0.01% |
59,724
+15,400
| +35% | +$543K |
|
1736
Lincoln Electric
LECO
$14.1B
| $2.08M | 0.01% |
28,955
-118,899
| -80% | -$8.52M |
|
1737
PUT
Boeing
BA
$169B
| $2.08M | 0.01% |
16,600
-26,500
| -61% | -$3.45M |
|
1738
Automatic Data Processing
ADP
$109B
| $2.08M | 0.01% |
30,639
+22,894
| +296% | +$1.56M |
|
|
THR
1739
DELISTED
Thermon Group Holdings
THR
| $2.08M | 0.01% |
89,561
-9,810
| -10% | -$252K |
|
|
SAPE
1740
DELISTED
SAPIENT CORP
SAPE
| $2.08M | 0.01% |
121,705
-174,956
| -59% | -$2.93M |
|
1741
NorthWestern Energy
NWE
$4.34B
| $2.08M | 0.01% |
43,742
+9,233
| +27% | +$417K |
|
1742
REX American Resources
REX
$1.39B
| $2.08M | 0.01% |
218,250
+151,410
| +227% | +$1.16M |
|
1743
CALL
Kinross Gold
KGC
$27.7B
| $2.07M | 0.01% |
500,000
-1,500,000
| -75% | -$7.19M |
|
|
STKL
1744
DELISTED
SunOpta
STKL
| $2.07M | 0.01% |
+175,000
| New | +$1.76M |
|
|
DWRE
1745
DELISTED
DEMANDWARE INC COM STK (DE)
DWRE
| $2.07M | 0.01% |
32,274
-29,851
| -48% | -$2.08M |
|
|
POT
1746
PUT
DELISTED
Potash Corp Of Saskatchewan
POT
| $2.06M | 0.01% |
57,000
-3,000
| -5% | -$101K |
|
|
HUB.B
1747
DELISTED
HUBBELL INC CL-B
HUB.B
| $2.05M | 0.01% |
17,135
-222,214
| -93% | -$26.1M |
|
|
OWW
1748
DELISTED
ORBITZ WORLDWIDE, INC
OWW
| $2.05M | 0.01% |
261,808
-2,437
| -0.9% | -$19.5K |
|
|
FCH
1749
DELISTED
Felcor Lodging Trust
FCH
| $2.05M | 0.01% |
227,076
+60,530
| +36% | +$515K |
|
|
CTCM
1750
DELISTED
CTC MEDIA INC COM STK
CTCM
| $2.05M | 0.01% |
222,753
+164,985
| +286% | +$1.82M |
|
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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.