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 | |
|---|---|---|---|---|---|---|
1901
CALL
BlackBerry
BB
$4.58B
| $1.68M | ﹤0.01% |
+208,200
| New | +$1.95M |
|
1902
Hanmi Financial
HAFC
$935M
| $1.67M | ﹤0.01% |
71,845
-45,386
| -39% | -$1.03M |
|
1903
Trustmark
TRMK
$2.73B
| $1.67M | ﹤0.01% |
66,011
-77,223
| -54% | -$1.92M |
|
1904
Unifirst Corp
UNF
$5.45B
| $1.67M | ﹤0.01% |
15,210
-36,656
| -71% | -$3.98M |
|
1905
CALL
Goldman Sachs
GS
$289B
| $1.67M | ﹤0.01% |
+10,200
| New | +$1.72M |
|
|
AGEN
1906
Agenus
AGEN
$276M
| $1.67M | ﹤0.01% |
+26,767
| New | +$1.86M |
|
1907
ProShares Trust UltraShort Lehman 20+ Year Treasury
TBT
$300M
| $1.66M | ﹤0.01% |
24,630
+9,426
| +62% | +$674K |
|
1908
Blackstone
BX
$104B
| $1.66M | ﹤0.01% |
+50,950
| New | +$1.63M |
|
|
MXWL
1909
DELISTED
Maxwell Technologies Inc
MXWL
| $1.66M | ﹤0.01% |
128,694
+47,185
| +58% | +$481K |
|
|
FCRD
1910
DELISTED
First Eagle Alternative Capital BDC, Inc. Common Stock
FCRD
| $1.66M | ﹤0.01% |
120,471
+77,384
| +180% | +$1.19M |
|
1911
Green Dot
GDOT
$750M
| $1.66M | ﹤0.01% |
85,008
-29,090
| -25% | -$644K |
|
|
BT
1912
DELISTED
BT Group plc (ADR)
BT
| $1.66M | ﹤0.01% |
51,990
+36,790
| +242% | +$1.19M |
|
|
LNCE
1913
DELISTED
Snyders-Lance, Inc.
LNCE
| $1.66M | ﹤0.01% |
58,883
+42,883
| +268% | +$1.17M |
|
1914
Idexx Laboratories
IDXX
$44.9B
| $1.66M | ﹤0.01% |
27,278
-108,742
| -80% | -$6.48M |
|
|
TUES
1915
DELISTED
Tuesday Morning Corp
TUES
| $1.65M | ﹤0.01% |
116,892
+56,292
| +93% | +$812K |
|
1916
Amkor Technology
AMKR
$10.6B
| $1.64M | ﹤0.01% |
239,146
+114,617
| +92% | +$670K |
|
1917
State Street Consumer Discretionary Select Sector SPDR ETF
XLY
$21.7B
| $1.64M | ﹤0.01% |
50,528
+2,722
| +6% | +$88.8K |
|
|
EDE
1918
DELISTED
Empire District Electric
EDE
| $1.63M | ﹤0.01% |
67,152
+36,254
| +117% | +$843K |
|
|
ONE
1919
DELISTED
HIGHER ONE HOLDINGS, INC COM STK
ONE
| $1.63M | ﹤0.01% |
225,706
+39,090
| +21% | +$315K |
|
1920
Innospec
IOSP
$2.09B
| $1.63M | ﹤0.01% |
36,071
+28,771
| +394% | +$1.27M |
|
1921
PUT
Vail Resorts
MTN
$5.7B
| $1.63M | ﹤0.01% |
23,400
+11,500
| +97% | +$816K |
|
|
TECD
1922
DELISTED
Tech Data Corp
TECD
| $1.63M | ﹤0.01% |
26,761
+3,939
| +17% | +$218K |
|
1923
PUT
Gold Fields
GFI
$28.8B
| $1.63M | ﹤0.01% |
441,600
+6,200
| +1% | +$22.8K |
|
1924
CALL
RH
RH
$3.33B
| $1.63M | ﹤0.01% |
22,100
+16,900
| +325% | +$1.05M |
|
1925
iShares Russell 2000 Value ETF
IWN
$14.3B
| $1.63M | ﹤0.01% |
16,116
+2,563
| +19% | +$253K |
|
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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.