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 | |
|---|---|---|---|---|---|---|
|
STJ
2001
CALL
DELISTED
St Jude Medical
STJ
| $1.43M | ﹤0.01% |
+21,900
| New | +$1.43M |
|
2002
Rithm Capital
RITM
$5.58B
| $1.43M | ﹤0.01% |
110,475
+71,539
| +184% | +$923K |
|
2003
PUT
Cheniere Energy
LNG
$54.2B
| $1.43M | ﹤0.01% |
25,800
-51,700
| -67% | -$2.48M |
|
|
YGE
2004
DELISTED
Yingli Green Energy Holding Comp
YGE
| $1.42M | ﹤0.01% |
32,706
+24,296
| +289% | +$1.46M |
|
|
MDC
2005
PUT
DELISTED
M.D.C. Holdings, Inc.
MDC
| $1.41M | ﹤0.01% |
+69,442
| New | +$1.49M |
|
|
NOAH
2006
Noah Holdings
NOAH
$590M
| $1.41M | ﹤0.01% |
97,848
+51,762
| +112% | +$788K |
|
2007
Koppers
KOP
$946M
| $1.41M | ﹤0.01% |
34,189
-60,506
| -64% | -$2.47M |
|
2008
Jakks Pacific
JAKK
$303M
| $1.41M | ﹤0.01% |
19,514
+17,860
| +1,080% | +$1.17M |
|
2009
MacroGenics
MGNX
$233M
| $1.41M | ﹤0.01% |
+50,555
| New | +$1.79M |
|
2010
Ares Capital
ARCC
$13.4B
| $1.41M | ﹤0.01% |
79,804
-1,188,431
| -94% | -$21.2M |
|
|
CONN
2011
PUT
DELISTED
Conn's Inc.
CONN
| $1.41M | ﹤0.01% |
36,200
+21,700
| +150% | +$1.1M |
|
|
LSI
2012
DELISTED
LSI CORPORATION
LSI
| $1.4M | ﹤0.01% |
126,691
+61,143
| +93% | +$676K |
|
|
MONT
2013
DELISTED
MONTAGE TECHNOLOGY GROUP LTD
MONT
| $1.4M | ﹤0.01% |
+70,000
| New | +$1.36M |
|
2014
Veracyte
VCYT
$4.45B
| $1.4M | ﹤0.01% |
81,471
-31,590
| -28% | -$504K |
|
|
QGENF
2015
DELISTED
QIAGEN NV
QGENF
| $1.4M | ﹤0.01% |
66,209
-367,914
| -85% | -$7.76M |
|
|
TBHC
2016
DELISTED
The Brand House Collective
TBHC
| $1.4M | ﹤0.01% |
75,468
+29,958
| +66% | +$573K |
|
|
FTD
2017
DELISTED
FTD Companies, Inc. Common Stock
FTD
| $1.39M | ﹤0.01% |
43,834
-10,800
| -20% | -$342K |
|
2018
Extra Space Storage
EXR
$32.3B
| $1.39M | ﹤0.01% |
+28,588
| New | +$1.32M |
|
|
2019
CALL
Cheniere Energy
LNG
$54.2B
| $1.38M | ﹤0.01% |
25,000
-56,400
| -69% | -$2.7M |
|
2020
Sherwin-Williams
SHW
$83.5B
| $1.38M | ﹤0.01% |
21,003
-705,129
| -97% | -$45.5M |
|
|
LCI
2021
DELISTED
Lannett Company, Inc.
LCI
| $1.38M | ﹤0.01% |
9,658
+7,124
| +281% | +$1.11M |
|
2022
BGC Group
BGC
$5.64B
| $1.38M | ﹤0.01% |
327,597
-31,392
| -9% | -$133K |
|
2023
CALL
Avis
CAR
$5.47B
| $1.38M | ﹤0.01% |
28,300
+17,500
| +162% | +$752K |
|
|
BIND
2024
DELISTED
BIND THERAPEUTICS INC
BIND
| $1.38M | ﹤0.01% |
115,193
+42,698
| +59% | +$558K |
|
2025
XPO
XPO
$23.4B
| $1.38M | ﹤0.01% |
+135,416
| New | +$1.35M |
|
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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.