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 | |
|---|---|---|---|---|---|---|
1801
CALL
Mattel
MAT
$4.47B
| $1.95M | 0.01% |
+48,500
| New | +$1.93M |
|
|
VDTH
1802
DELISTED
Videocon d2h Limited
VDTH
| $1.94M | 0.01% |
200,000
| – | – |
|
|
FBR
1803
DELISTED
Fibria Celulose Sa
FBR
| $1.94M | 0.01% |
175,469
-254,541
| -59% | -$2.77M |
|
|
ARRY
1804
DELISTED
Array Biopharma Inc
ARRY
| $1.94M | 0.01% |
412,031
-550,484
| -57% | -$2.77M |
|
|
NXGN
1805
DELISTED
NextGen Healthcare, Inc. Common Stock
NXGN
| $1.94M | 0.01% |
114,703
-70,743
| -38% | -$1.28M |
|
|
MTEM
1806
DELISTED
Molecular Templates, Inc.
MTEM
| $1.94M | 0.01% |
2,465
-1,761
| -42% | -$1.43M |
|
|
ALOG
1807
DELISTED
Analogic Corp
ALOG
| $1.93M | 0.01% |
23,547
+19,664
| +506% | +$1.76M |
|
|
LNKD
1808
DELISTED
LinkedIn Corporation
LNKD
| $1.93M | 0.01% |
10,450
-144,469
| -93% | -$29.6M |
|
1809
CALL
Herc Holdings
HRI
$4.78B
| $1.93M | 0.01% |
24,133
+1,766
| +8% | +$142K |
|
1810
Employers Holdings
EIG
$907M
| $1.93M | 0.01% |
95,328
-25,459
| -21% | -$591K |
|
1811
Sonoco
SON
$5.83B
| $1.93M | 0.01% |
46,998
-27,514
| -37% | -$1.14M |
|
|
NPKI
1812
CALL
NPK International
NPKI
$1.02B
| $1.93M | 0.01% |
+168,200
| New | +$1.92M |
|
1813
PUT
Stanley Black & Decker
SWK
$14.5B
| $1.93M | 0.01% |
23,700
-39,300
| -62% | -$3.15M |
|
|
SGEN
1814
DELISTED
Seagen Inc. Common Stock
SGEN
| $1.93M | 0.01% |
42,248
-145,160
| -77% | -$6.94M |
|
1815
Oaktree Specialty Lending
OCSL
$1.05B
| $1.92M | 0.01% |
67,720
-129,773
| -66% | -$3.7M |
|
|
MR
1816
DELISTED
MINDRAY MED INTL LTD SPONSORED ADR REPSTG CL A
MR
| $1.92M | 0.01% |
59,397
-140,415
| -70% | -$4.92M |
|
1817
Future Fuel
FF
$205M
| $1.92M | 0.01% |
94,639
-110,182
| -54% | -$1.9M |
|
|
BBG
1818
DELISTED
Bill Barrett Corp
BBG
| $1.91M | 0.01% |
74,716
-815,824
| -92% | -$20.9M |
|
1819
CALL
APA Corp
APA
$13B
| $1.91M | 0.01% |
23,000
-240,100
| -91% | -$19.7M |
|
|
BIN
1820
DELISTED
PROGRESSIVE WASTE SOLUTIONS LTD COM
BIN
| $1.9M | 0.01% |
75,230
+58,093
| +339% | +$1.4M |
|
1821
Lennox International
LII
$15B
| $1.89M | 0.01% |
20,817
-200,266
| -91% | -$17.8M |
|
|
MDCO
1822
PUT
DELISTED
Medicines Co
MDCO
| $1.89M | 0.01% |
66,500
+44,500
| +202% | +$1.47M |
|
1823
Vera Bradley
VRA
$98.7M
| $1.89M | 0.01% |
+69,919
| New | +$1.79M |
|
1824
Jefferies Financial Group
JEF
$12.7B
| $1.89M | 0.01% |
75,233
+8,238
| +12% | +$203K |
|
|
MDP
1825
DELISTED
Meredith Corporation
MDP
| $1.89M | 0.01% |
40,627
-85,177
| -68% | -$3.91M |
|
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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.