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 | |
|---|---|---|---|---|---|---|
1751
Berkshire Hathaway Class B
BRK.B
$1.1T
| $2.05M | 0.01% |
16,394
-60,512
| -79% | -$7.07M |
|
1752
Comtech Telecommunications
CMTL
$49.7M
| $2.05M | 0.01% |
64,290
-5,363
| -8% | -$169K |
|
1753
PUT
Costco
COST
$432B
| $2.04M | 0.01% |
18,300
+2,300
| +14% | +$263K |
|
|
P
1754
DELISTED
Pandora Media Inc
P
| $2.04M | 0.01% |
67,381
-1,140,838
| -94% | -$39.5M |
|
1755
Travel + Leisure Co
TNL
$4.76B
| $2.04M | 0.01% |
61,765
-110,427
| -64% | -$3.6M |
|
1756
NMI Holdings
NMIH
$3.37B
| $2.04M | 0.01% |
173,700
-65,300
| -27% | -$775K |
|
|
UAM
1757
DELISTED
Universal American Corp
UAM
| $2.03M | 0.01% |
287,230
-50,452
| -15% | -$358K |
|
|
CTLP
1758
DELISTED
Cantaloupe
CTLP
| $2.03M | 0.01% |
980,500
+45,500
| +5% | +$95.3K |
|
|
AVIV
1759
DELISTED
AVIV REIT INC COM STK (MD)
AVIV
| $2.02M | 0.01% |
+82,840
| New | +$2.02M |
|
1760
CALL
Royal Gold
RGLD
$16.6B
| $2.02M | 0.01% |
32,300
+6,000
| +23% | +$369K |
|
|
ARIA
1761
DELISTED
Ariad Pharmaceuticals Inc
ARIA
| $2.02M | 0.01% |
250,600
-1,216,184
| -83% | -$9.47M |
|
1762
Cytokinetics
CYTK
$10.6B
| $2.02M | 0.01% |
212,507
-342,152
| -62% | -$3.09M |
|
1763
APA Corp
APA
$13B
| $2.02M | 0.01% |
24,312
-320,837
| -93% | -$26.3M |
|
1764
Everest Group
EG
$15.6B
| $2.01M | 0.01% |
+13,132
| New | +$1.94M |
|
|
EXAM
1765
DELISTED
EXAMWORKS GROUP INC COM STK (DE)
EXAM
| $2.01M | 0.01% |
+57,414
| New | +$1.86M |
|
1766
Haverty Furniture Companies
HVT
$418M
| $2.01M | 0.01% |
67,609
+25,700
| +61% | +$738K |
|
|
SSI
1767
DELISTED
Stage Stores Inc
SSI
| $2.01M | 0.01% |
+82,093
| New | +$1.74M |
|
|
OREX
1768
CALL
DELISTED
Orexigen Therapeutics, Inc.
OREX
| $2M | 0.01% |
30,830
+14,540
| +89% | +$983K |
|
1769
Hain Celestial
HAIN
$44.6M
| $2M | 0.01% |
43,772
-208,440
| -83% | -$9.5M |
|
1770
Kelly Services Class A
KELYA
$548M
| $2M | 0.01% |
84,217
+34,423
| +69% | +$839K |
|
|
ENH
1771
DELISTED
Endurance Specialty Holdings Ltd
ENH
| $2M | 0.01% |
37,114
+33,071
| +818% | +$1.76M |
|
|
DO
1772
DELISTED
Diamond Offshore Drilling
DO
| $1.99M | 0.01% |
40,885
-83,255
| -67% | -$4.1M |
|
1773
CALL
Accenture
ACN
$106B
| $1.99M | 0.01% |
+25,000
| New | +$2.05M |
|
|
1774
PUT
Accenture
ACN
$106B
| $1.99M | 0.01% |
25,000
+21,600
| +635% | +$1.77M |
|
1775
STAAR Surgical
STAA
$1.19B
| $1.99M | 0.01% |
+105,948
| New | +$1.71M |
|
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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.