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 | |
|---|---|---|---|---|---|---|
|
SIMG
1976
DELISTED
SILICON IMAGE INC
SIMG
| $1.48M | ﹤0.01% |
214,291
+137,616
| +179% | +$848K |
|
|
TGNA
1977
CALL
DELISTED
TEGNA Inc
TGNA
| $1.48M | ﹤0.01% |
102,268
+49,318
| +93% | +$733K |
|
1978
Materion
MTRN
$3.94B
| $1.47M | ﹤0.01% |
43,456
+17,064
| +65% | +$507K |
|
|
AMTG
1979
DELISTED
APOLLO RESIDENTIAL MTG INC COM STK
AMTG
| $1.47M | ﹤0.01% |
90,845
+64,155
| +240% | +$1.05M |
|
1980
CALL
Vail Resorts
MTN
$5.7B
| $1.47M | ﹤0.01% |
21,100
+10,700
| +103% | +$759K |
|
1981
PUT
Designer Brands
DBI
$315M
| $1.47M | ﹤0.01% |
41,000
-1,100
| -3% | -$42.4K |
|
|
IBTX
1982
DELISTED
Independent Bank Group, Inc.
IBTX
| $1.47M | ﹤0.01% |
25,000
| – | – |
|
1983
Emcor
EME
$29.9B
| $1.47M | ﹤0.01% |
31,327
-102,891
| -77% | -$4.53M |
|
|
HA
1984
DELISTED
Hawaiian Holdings, Inc.
HA
| $1.47M | ﹤0.01% |
+104,992
| New | +$1.23M |
|
|
STRZA
1985
DELISTED
Starz - Series A
STRZA
| $1.47M | ﹤0.01% |
45,420
-6,367
| -12% | -$194K |
|
|
HMSY
1986
CALL
DELISTED
HMS Holdings Corp.
HMSY
| $1.47M | ﹤0.01% |
76,900
+60,900
| +381% | +$1.32M |
|
1987
Baytex Energy
BTE
$2.96B
| $1.46M | ﹤0.01% |
35,601
-64,299
| -64% | -$2.43M |
|
1988
Universal Display
OLED
$3.75B
| $1.46M | ﹤0.01% |
45,877
-51,458
| -53% | -$1.71M |
|
|
BRCM
1989
DELISTED
BROADCOM CORP CL-A
BRCM
| $1.46M | ﹤0.01% |
46,311
-742,757
| -94% | -$22.4M |
|
|
QTWW
1990
CALL
DELISTED
QUANTUM FUEL SYS TECHNOLOGIES WORLDWIDE INC COM STK (DE)
QTWW
| $1.45M | ﹤0.01% |
+150,000
| New | +$1.3M |
|
|
LMNX
1991
DELISTED
Luminex Corp
LMNX
| $1.45M | ﹤0.01% |
80,000
-67,608
| -46% | -$1.27M |
|
1992
CALL
Celldex Therapeutics
CLDX
$2.94B
| $1.45M | ﹤0.01% |
5,460
-953
| -15% | -$365K |
|
|
SHOR
1993
DELISTED
ShoreTel, Inc.
SHOR
| $1.45M | ﹤0.01% |
168,122
-279,547
| -62% | -$2.41M |
|
1994
Broadridge
BR
$18.4B
| $1.45M | ﹤0.01% |
+38,895
| New | +$1.46M |
|
|
CIR
1995
DELISTED
CIRCOR International, Inc
CIR
| $1.44M | ﹤0.01% |
19,669
-2,154
| -10% | -$161K |
|
|
CMCSK
1996
DELISTED
COMCAST CORP SPL A (NEW)
CMCSK
| $1.44M | ﹤0.01% |
29,556
+1,800
| +6% | +$87.8K |
|
1997
Hyster-Yale Materials Handling
HY
$576M
| $1.44M | ﹤0.01% |
14,746
-2,990
| -17% | -$281K |
|
1998
Standard BioTools
LAB
$342M
| $1.44M | ﹤0.01% |
32,641
-143,054
| -81% | -$6.29M |
|
1999
CALL
Monster Beverage
MNST
$95.1B
| $1.44M | ﹤0.01% |
124,200
-307,200
| -71% | -$3.59M |
|
2000
Snap-on
SNA
$21.5B
| $1.43M | ﹤0.01% |
12,630
-22,953
| -65% | -$2.48M |
|
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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.