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 | |
|---|---|---|---|---|---|---|
|
CNH
1776
CNH Industrial
CNH
$13.3B
| $1.99M | 0.01% |
198,763
+97,099
| +96% | +$933K |
|
1777
Hawaiian Electric Industries
HE
$2.26B
| $1.98M | 0.01% |
78,041
+50,169
| +180% | +$1.28M |
|
|
NXTM
1778
CALL
DELISTED
NxStage Medical Inc.
NXTM
| $1.98M | 0.01% |
+155,700
| New | +$2.03M |
|
1779
InterContinental Hotels
IHG
$23.8B
| $1.98M | 0.01% |
42,791
+36,114
| +541% | +$1.68M |
|
|
AYR
1780
DELISTED
Aircastle Ltd
AYR
| $1.98M | 0.01% |
101,986
-87,086
| -46% | -$1.66M |
|
|
ININ
1781
DELISTED
Interactive Intelligence Group, inc.
ININ
| $1.97M | 0.01% |
27,213
-15,875
| -37% | -$1.17M |
|
1782
Enerpac Tool Group
EPAC
$1.86B
| $1.97M | 0.01% |
57,701
-5,583
| -9% | -$193K |
|
1783
CorMedix
CRMD
$564M
| $1.97M | 0.01% |
156,889
+68,284
| +77% | +$803K |
|
|
BEAT
1784
DELISTED
BioTelemetry, Inc.
BEAT
| $1.97M | 0.01% |
195,167
+113,601
| +139% | +$1.05M |
|
|
PSB
1785
DELISTED
PS Business Parks, Inc.
PSB
| $1.96M | 0.01% |
23,487
-30,991
| -57% | -$2.5M |
|
|
NFBK
1786
DELISTED
Northfield Bancorp
NFBK
| $1.96M | 0.01% |
152,616
+111,708
| +273% | +$1.43M |
|
1787
RingCentral
RNG
$4.83B
| $1.96M | 0.01% |
+108,380
| New | +$2.18M |
|
1788
Onto Innovation
ONTO
$10.9B
| $1.96M | 0.01% |
109,126
+81,072
| +289% | +$1.47M |
|
|
MAGN
1789
Magnera Corp
MAGN
$493M
| $1.96M | 0.01% |
5,542
+2,487
| +81% | +$941K |
|
|
MGI
1790
DELISTED
MoneyGram International, Inc. New
MGI
| $1.96M | 0.01% |
111,077
+54,173
| +95% | +$1.02M |
|
|
WLH
1791
DELISTED
WILLIAM LYON HOMES
WLH
| $1.96M | 0.01% |
71,032
-7,921
| -10% | -$209K |
|
1792
Prologis
PLD
$136B
| $1.96M | 0.01% |
47,991
-549,028
| -92% | -$21.6M |
|
1793
Cadence Design Systems
CDNS
$91.6B
| $1.96M | 0.01% |
126,004
-193,018
| -61% | -$2.86M |
|
1794
Royal Gold
RGLD
$16.6B
| $1.96M | 0.01% |
31,265
+22,365
| +251% | +$1.38M |
|
|
SAFM
1795
DELISTED
Sanderson Farms Inc
SAFM
| $1.96M | 0.01% |
24,935
-2,708
| -10% | -$202K |
|
|
BKS
1796
CALL
DELISTED
Barnes & Noble
BKS
| $1.96M | 0.01% |
142,834
+916
| +0.6% | +$10.5K |
|
|
GGP
1797
CALL
DELISTED
GGP Inc.
GGP
| $1.96M | 0.01% |
88,900
| – | – |
|
1798
Nektar Therapeutics
NKTR
$2.39B
| $1.95M | 0.01% |
10,745
-1,027
| -9% | -$203K |
|
1799
CALL
RTX Corp
RTX
$290B
| $1.95M | 0.01% |
+26,536
| New | +$1.91M |
|
|
WAC
1800
DELISTED
Walter Investment Mgt Corp
WAC
| $1.95M | 0.01% |
65,306
+45,639
| +232% | +$1.37M |
|
Similar funds
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.