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 | |
|---|---|---|---|---|---|---|
1926
ServiceNow
NOW
$120B
| $1.63M | ﹤0.01% |
135,575
-264,890
| -66% | -$3.37M |
|
|
BWP
1927
DELISTED
Boardwalk Pipeline Partners
BWP
| $1.62M | ﹤0.01% |
+121,000
| New | +$2.17M |
|
1928
Adtran
ADTN
$675M
| $1.62M | ﹤0.01% |
+66,321
| New | +$1.71M |
|
1929
iShares MSCI South Korea ETF
EWY
$20.1B
| $1.61M | ﹤0.01% |
26,219
+14,598
| +126% | +$875K |
|
1930
Nordic American Tanker
NAT
$1.36B
| $1.61M | ﹤0.01% |
167,478
+17,917
| +12% | +$181K |
|
|
CPE
1931
DELISTED
Callon Petroleum Company
CPE
| $1.61M | ﹤0.01% |
19,212
+1,995
| +12% | +$141K |
|
1932
Old Dominion Freight Line
ODFL
$46.3B
| $1.61M | ﹤0.01% |
84,945
-50,823
| -37% | -$922K |
|
|
SAEX
1933
DELISTED
SAExploration Holdings, Inc.
SAEX
| $1.6M | ﹤0.01% |
+63
| New | +$1.55M |
|
1934
CALL
CNX Resources
CNX
$4.91B
| $1.6M | ﹤0.01% |
48,000
-357,120
| -88% | -$11.5M |
|
1935
Rollins
ROL
$18.6B
| $1.59M | ﹤0.01% |
177,417
+140,953
| +387% | +$1.23M |
|
1936
Matthews International
MATW
$887M
| $1.59M | ﹤0.01% |
+38,915
| New | +$1.61M |
|
|
SPIL
1937
DELISTED
Siliconware Precision Industries Co Ltd
SPIL
| $1.58M | ﹤0.01% |
+237,946
| New | +$1.49M |
|
|
FOE
1938
DELISTED
Ferro Corporation
FOE
| $1.58M | ﹤0.01% |
115,396
-253,577
| -69% | -$3.36M |
|
|
IGTE
1939
DELISTED
IGATE CORPORATION
IGTE
| $1.58M | ﹤0.01% |
49,975
-32,922
| -40% | -$1.13M |
|
1940
CALL
Manitowoc
MTW
$491M
| $1.57M | ﹤0.01% |
+55,198
| New | +$1.41M |
|
1941
Kimberly-Clark
KMB
$37.6B
| $1.56M | ﹤0.01% |
14,806
-100,402
| -87% | -$10.4M |
|
1942
United Bankshares
UBSI
$6.69B
| $1.56M | ﹤0.01% |
51,103
+13,703
| +37% | +$411K |
|
|
CORE
1943
DELISTED
Core Mark Holding Co., Inc.
CORE
| $1.56M | ﹤0.01% |
85,868
-24,744
| -22% | -$468K |
|
|
AVX
1944
DELISTED
AVX Corporation
AVX
| $1.56M | ﹤0.01% |
118,249
+78,068
| +194% | +$1.02M |
|
1945
PUT
General Motors
GM
$80.9B
| $1.56M | ﹤0.01% |
45,200
+37,500
| +487% | +$1.38M |
|
|
MACK
1946
DELISTED
Merrimack Pharmaceuticals, Inc.
MACK
| $1.55M | ﹤0.01% |
39,132
+14,265
| +57% | +$610K |
|
|
WIBC
1947
DELISTED
WILSHIRE BANCORP INC
WIBC
| $1.55M | ﹤0.01% |
139,789
+48,488
| +53% | +$510K |
|
|
OCSI
1948
DELISTED
Oaktree Strategic Income Corporation
OCSI
| $1.55M | ﹤0.01% |
107,709
-77,254
| -42% | -$1.07M |
|
1949
RE/MAX Holdings
RMAX
$198M
| $1.54M | ﹤0.01% |
53,537
+45,976
| +608% | +$1.4M |
|
1950
Banco Bilbao Vizcaya Argentaria
BBVA
$142B
| $1.54M | ﹤0.01% |
+134,711
| New | +$1.57M |
|
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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.