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 | |
|---|---|---|---|---|---|---|
|
WPRT
1876
Westport Fuel Systems
WPRT
$31.9M
| $1.74M | 0.01% |
+11,992
| New | +$2.07M |
|
1877
Casey's General Stores
CASY
$32.1B
| $1.73M | 0.01% |
25,562
-52,830
| -67% | -$3.58M |
|
|
WAIR
1878
DELISTED
WESCO Aircraft Holdings Inc.
WAIR
| $1.73M | 0.01% |
78,500
+11,897
| +18% | +$259K |
|
|
EJ
1879
DELISTED
E HOUSE (CHINA) HOLDINGS LIMITED
EJ
| $1.73M | 0.01% |
153,687
-115,076
| -43% | -$1.42M |
|
|
NUAN
1880
DELISTED
Nuance Communications, Inc.
NUAN
| $1.72M | 0.01% |
115,962
+23,677
| +26% | +$318K |
|
|
TWER
1881
DELISTED
Towerstream Corporation Common Stock
TWER
| $1.72M | 0.01% |
36,652
-3,343
| -8% | -$179K |
|
1882
Axos Financial
AX
$5.58B
| $1.72M | 0.01% |
+80,248
| New | +$1.72M |
|
1883
Criteo S.A. Ordinary Shares
CRTO
$1.14B
| $1.72M | 0.01% |
+42,366
| New | +$1.75M |
|
1884
State Street Consumer Staples Select Sector SPDR ETF
XLP
$14.6B
| $1.72M | 0.01% |
39,837
+3,062
| +8% | +$129K |
|
|
CPL
1885
DELISTED
CPFL Energia S.A.
CPL
| $1.72M | 0.01% |
111,080
+99,044
| +823% | +$1.39M |
|
|
MBFI
1886
DELISTED
MB Financial Corp
MBFI
| $1.72M | 0.01% |
55,382
+6,283
| +13% | +$191K |
|
|
STSA
1887
DELISTED
STERLING FINL CORP (WA) COM NEW
STSA
| $1.71M | 0.01% |
51,416
| – | – |
|
1888
Arch Capital
ACGL
$35.7B
| $1.71M | 0.01% |
89,139
-36,771
| -29% | -$682K |
|
|
SAFE
1889
Safehold
SAFE
$1.17B
| $1.71M | 0.01% |
23,801
-44,996
| -65% | -$3.3M |
|
1890
Lumen
LUMN
$6.43B
| $1.71M | 0.01% |
52,000
+15,180
| +41% | +$464K |
|
|
RJET
1891
DELISTED
REPUBLIC AWYS HLDGS INC
RJET
| $1.71M | 0.01% |
+186,851
| New | +$1.81M |
|
|
DF
1892
DELISTED
Dean Foods Company
DF
| $1.71M | ﹤0.01% |
110,432
-1,590,110
| -94% | -$24.8M |
|
|
LF
1893
DELISTED
LEAPFROG ENTERPRISES INC.
LF
| $1.71M | ﹤0.01% |
227,269
-34,575
| -13% | -$253K |
|
|
MN
1894
DELISTED
MANNING & NAPIER, INC.
MN
| $1.7M | ﹤0.01% |
101,549
+74,016
| +269% | +$1.19M |
|
1895
InterDigital
IDCC
$6.75B
| $1.7M | ﹤0.01% |
51,345
-130,914
| -72% | -$3.9M |
|
1896
AMN Healthcare
AMN
$1.35B
| $1.7M | ﹤0.01% |
123,571
-89,583
| -42% | -$1.29M |
|
1897
CALL
International Paper
IP
$22.6B
| $1.69M | ﹤0.01% |
+39,512
| New | +$1.76M |
|
1898
Jazz Pharmaceuticals
JAZZ
$16.1B
| $1.69M | ﹤0.01% |
12,191
-87,100
| -88% | -$13.1M |
|
1899
FreightCar America
RAIL
$263M
| $1.69M | ﹤0.01% |
+72,764
| New | +$1.76M |
|
|
SYA
1900
DELISTED
SYMETRA FINANCIAL CORPORATION COMMON STOCK
SYA
| $1.69M | ﹤0.01% |
85,052
-76,577
| -47% | -$1.48M |
|
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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.