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 | |
|---|---|---|---|---|---|---|
176
SBA Communications
SBAC
$19.2B
| $44.5M | 0.13% |
488,839
+319,823
| +189% | +$29.7M |
|
177
PUT
Vertex Pharmaceuticals
VRTX
$121B
| $44.3M | 0.13% |
626,500
+449,300
| +254% | +$35.6M |
|
178
Cigna
CI
$73.7B
| $44M | 0.13% |
526,082
+222,583
| +73% | +$18.3M |
|
179
Cooper Companies
COO
$14.1B
| $43.4M | 0.13% |
1,262,680
+1,226,848
| +3,424% | +$39.4M |
|
180
H&R Block
HRB
$5.58B
| $43.1M | 0.12% |
1,426,782
+1,246,285
| +690% | +$37.4M |
|
181
PUT
Cleveland-Cliffs
CLF
$6.57B
| $42.9M | 0.12% |
2,095,300
+268,200
| +15% | +$5.55M |
|
182
Cardinal Health
CAH
$53.9B
| $42.5M | 0.12% |
607,120
+57,009
| +10% | +$3.96M |
|
|
BAS
183
DELISTED
Basis Energy Services, Inc.
BAS
| $42.2M | 0.12% |
2,702
-264
| -9% | -$3.07M |
|
|
SHPG
184
DELISTED
Shire pic
SHPG
| $42.1M | 0.12% |
283,127
+165,857
| +141% | +$25.6M |
|
185
Union Pacific
UNP
$174B
| $42M | 0.12% |
447,440
+63,102
| +16% | +$5.6M |
|
186
Designer Brands
DBI
$307M
| $41.9M | 0.12% |
1,169,157
+965,904
| +475% | +$37.3M |
|
187
Philip Morris
PM
$297B
| $41.5M | 0.12% |
507,499
+124,071
| +32% | +$10M |
|
188
American Water Works
AWK
$26.7B
| $41.2M | 0.12% |
908,249
+36,718
| +4% | +$1.59M |
|
189
Johnson Controls International
JCI
$88.8B
| $41.2M | 0.12% |
831,801
+231,445
| +39% | +$11.7M |
|
190
American Airlines Group
AAL
$10.1B
| $41M | 0.12% |
1,120,261
+62,422
| +6% | +$2.12M |
|
|
DYAX
191
DELISTED
DYAX CORPORATION
DYAX
| $40.9M | 0.12% |
4,557,310
+1,327,855
| +41% | +$12.1M |
|
192
PUT
Vale
VALE
$64.1B
| $40.9M | 0.12% |
2,957,800
+1,349,900
| +84% | +$18.4M |
|
193
Archer Daniels Midland
ADM
$38.2B
| $40.8M | 0.12% |
941,177
+700,914
| +292% | +$28.9M |
|
194
Delta Air Lines
DAL
$57.5B
| $40.8M | 0.12% |
1,177,656
-704,552
| -37% | -$22.7M |
|
|
CHMT
195
DELISTED
Chemtura Corporation
CHMT
| $40.8M | 0.12% |
1,612,999
+1,243,810
| +337% | +$31.7M |
|
196
Masco
MAS
$14.1B
| $40.7M | 0.12% |
2,084,353
+1,086,932
| +109% | +$21.4M |
|
|
STAY
197
DELISTED
Extended Stay America, Inc. Paired Share Unit
STAY
| $40.3M | 0.12% |
1,771,573
+962,794
| +119% | +$24.1M |
|
|
SLXP
198
DELISTED
SALIX PHARMACEUTICALS LTD DEL
SLXP
| $40.3M | 0.12% |
388,763
-73,058
| -16% | -$7.48M |
|
199
Westlake Corp
WLK
$9.03B
| $40.1M | 0.12% |
605,768
+282,880
| +88% | +$18M |
|
200
ITT
ITT
$17.5B
| $40M | 0.12% |
934,732
+78,333
| +9% | +$3.33M |
|
Similar funds
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.