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 | |
|---|---|---|---|---|---|---|
1851
Fidelity National Financial
FNF
$14.4B
| $1.79M | 0.01% |
99,758
+37,754
| +61% | +$682K |
|
1852
Diageo
DEO
$49.6B
| $1.79M | 0.01% |
14,371
+11,171
| +349% | +$1.39M |
|
1853
Sumitomo Mitsui Financial
SMFG
$159B
| $1.79M | 0.01% |
206,983
-40,096
| -16% | -$375K |
|
|
MSCC
1854
DELISTED
Microsemi Corp
MSCC
| $1.79M | 0.01% |
71,389
-153,372
| -68% | -$3.7M |
|
1855
AXIS Capital
AXS
$7.73B
| $1.78M | 0.01% |
38,743
-139,063
| -78% | -$6.24M |
|
1856
Arq
ARQ
$83.3M
| $1.77M | 0.01% |
72,272
+4,226
| +6% | +$109K |
|
1857
VEON
VEON
$3.5B
| $1.77M | 0.01% |
7,853
+5,277
| +205% | +$1.36M |
|
|
RSO
1858
DELISTED
Resource Capital Corp.
RSO
| $1.77M | 0.01% |
79,451
-15,031
| -16% | -$353K |
|
|
BRCD
1859
DELISTED
Brocade Communications Systems, Inc. NEW
BRCD
| $1.77M | 0.01% |
166,781
-1,010,361
| -86% | -$9.74M |
|
|
VIRX
1860
DELISTED
Viracta Therapeutics, Inc. Common Stock
VIRX
| $1.77M | 0.01% |
1,274
-1,768
| -58% | -$2.06M |
|
|
EXXI
1861
CALL
DELISTED
ENERGY XXI LTD COM SHS
EXXI
| $1.77M | 0.01% |
+75,000
| New | +$1.76M |
|
|
AXAS
1862
DELISTED
Abraxas Petroleum Corp
AXAS
| $1.76M | 0.01% |
22,236
+878
| +4% | +$59.1K |
|
|
STML
1863
DELISTED
Stemline Therapeutics, Inc.
STML
| $1.76M | 0.01% |
86,491
-6,133
| -7% | -$149K |
|
|
XOOM
1864
DELISTED
XOOM CORP COM
XOOM
| $1.76M | 0.01% |
90,081
-57,974
| -39% | -$1.49M |
|
1865
LCI Industries
LCII
$2.59B
| $1.75M | 0.01% |
32,370
+5,266
| +19% | +$265K |
|
1866
Oxford Square Capital
OXSQ
$150M
| $1.75M | 0.01% |
179,280
+77,324
| +76% | +$791K |
|
1867
Packaging Corp of America
PKG
$22.2B
| $1.75M | 0.01% |
24,885
-9,945
| -29% | -$679K |
|
1868
Boston Beer
SAM
$1.95B
| $1.75M | 0.01% |
7,145
+3,910
| +121% | +$891K |
|
|
EOCC
1869
DELISTED
Enel Generacion Chile S.A.
EOCC
| $1.75M | 0.01% |
+58,515
| New | +$1.66M |
|
|
SZMK
1870
DELISTED
SIZMEK INC COM STK (DE)
SZMK
| $1.75M | 0.01% |
+164,500
| New | +$1.81M |
|
1871
Compañía de Cervecerías Unidas
CCU
$2.14B
| $1.75M | 0.01% |
78,109
+20,523
| +36% | +$453K |
|
1872
CALL
Advance Auto Parts
AAP
$3.53B
| $1.75M | 0.01% |
13,800
-500
| -3% | -$60.7K |
|
|
NCI
1873
DELISTED
Navigant Consulting, Inc.
NCI
| $1.74M | 0.01% |
93,210
+78,710
| +543% | +$1.42M |
|
1874
CALL
JetBlue
JBLU
$2.16B
| $1.74M | 0.01% |
200,000
+50,000
| +33% | +$438K |
|
1875
Applied Industrial Technologies
AIT
$12.4B
| $1.74M | 0.01% |
36,011
+30,585
| +564% | +$1.5M |
|
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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.