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 | |
|---|---|---|---|---|---|---|
2026
CALL
Palo Alto Networks
PANW
$256B
| $1.37M | ﹤0.01% |
120,000
+78,600
| +190% | +$892K |
|
|
TGI
2027
DELISTED
Triumph Group
TGI
| $1.37M | ﹤0.01% |
21,186
-23,350
| -52% | -$1.6M |
|
2028
Zebra Technologies
ZBRA
$13.5B
| $1.37M | ﹤0.01% |
19,706
-45,649
| -70% | -$2.8M |
|
|
AIRM
2029
DELISTED
Air Methods Corp
AIRM
| $1.37M | ﹤0.01% |
25,600
-1,905
| -7% | -$102K |
|
2030
Lithia Motors
LAD
$9.75B
| $1.37M | ﹤0.01% |
20,571
-190,195
| -90% | -$11.9M |
|
|
HNT
2031
PUT
DELISTED
HEALTH NET INC
HNT
| $1.37M | ﹤0.01% |
+40,200
| New | +$1.32M |
|
|
VRNT
2032
DELISTED
Verint Systems
VRNT
| $1.36M | ﹤0.01% |
56,945
-142,631
| -71% | -$3.35M |
|
2033
CALL
VanEck Gold Miners ETF
GDX
$22.5B
| $1.36M | ﹤0.01% |
57,600
-209,800
| -78% | -$5.15M |
|
2034
HNI Corp
HNI
$3.08B
| $1.35M | ﹤0.01% |
37,065
+24,465
| +194% | +$874K |
|
|
BPFH
2035
DELISTED
Boston Private Financial Holdings, Inc.
BPFH
| $1.35M | ﹤0.01% |
100,166
+25,314
| +34% | +$324K |
|
|
GLDD
2036
DELISTED
Great Lakes Dredge & Dock
GLDD
| $1.35M | ﹤0.01% |
+148,354
| New | +$1.26M |
|
2037
Macerich
MAC
$7.4B
| $1.35M | ﹤0.01% |
21,694
-75,685
| -78% | -$4.5M |
|
|
BDSI
2038
DELISTED
BioDelivery Sciences International, Inc.
BDSI
| $1.35M | ﹤0.01% |
160,039
-201,504
| -56% | -$1.63M |
|
|
BCOV
2039
DELISTED
Brightcove, Inc.
BCOV
| $1.35M | ﹤0.01% |
137,325
-153,768
| -53% | -$1.63M |
|
|
CGRN
2040
DELISTED
Capstone Green Energy Corporation Common Stock
CGRN
| $1.35M | ﹤0.01% |
3,162
+2,079
| +192% | +$744K |
|
|
AJRD
2041
DELISTED
Aerojet Rocketdyne Holdings
AJRD
| $1.34M | ﹤0.01% |
+73,513
| New | +$1.34M |
|
|
TBRG
2042
DELISTED
TruBridge
TBRG
| $1.34M | ﹤0.01% |
+20,686
| New | +$1.34M |
|
2043
M&T Bank
MTB
$36.3B
| $1.33M | ﹤0.01% |
11,007
+9,263
| +531% | +$1.07M |
|
2044
PUT
Galectin Therapeutics
GALT
$230M
| $1.33M | ﹤0.01% |
+87,000
| New | +$1.24M |
|
2045
Agios Pharmaceuticals
AGIO
$2.08B
| $1.33M | ﹤0.01% |
+34,000
| New | +$1.14M |
|
2046
CALL
Genworth Financial
GNW
$3.86B
| $1.33M | ﹤0.01% |
+75,000
| New | +$1.2M |
|
|
2047
Genworth Financial
GNW
$3.86B
| $1.33M | ﹤0.01% |
75,000
-243,211
| -76% | -$3.9M |
|
|
INFA
2048
CALL
DELISTED
INFORMATICA CORP
INFA
| $1.32M | ﹤0.01% |
+35,000
| New | +$1.41M |
|
|
AET
2049
CALL
DELISTED
Aetna Inc
AET
| $1.32M | ﹤0.01% |
17,600
-7,400
| -30% | -$524K |
|
|
GIMO
2050
DELISTED
Gigamon Inc.
GIMO
| $1.32M | ﹤0.01% |
+43,296
| New | +$1.36M |
|
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.