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 | |
|---|---|---|---|---|---|---|
2076
PUT
FMC
FMC
$1.25B
| $1.27M | ﹤0.01% |
+19,140
| New | +$1.25M |
|
|
CMA
2077
DELISTED
Comerica
CMA
| $1.26M | ﹤0.01% |
+24,412
| New | +$1.17M |
|
|
WIRE
2078
DELISTED
Encore Wire Corp
WIRE
| $1.26M | ﹤0.01% |
+26,018
| New | +$1.34M |
|
2079
Oshkosh
OSK
$8.91B
| $1.26M | ﹤0.01% |
21,400
-295,975
| -93% | -$16.2M |
|
2080
Ingredion
INGR
$6.42B
| $1.26M | ﹤0.01% |
18,485
-141,193
| -88% | -$9.26M |
|
2081
CALL
Adobe
ADBE
$105B
| $1.26M | ﹤0.01% |
19,100
-38,900
| -67% | -$2.49M |
|
|
BNY
2082
CALL
Bank of New York Mellon
BNY
$103B
| $1.26M | ﹤0.01% |
+35,600
| New | +$1.18M |
|
2083
PUT
HF Sinclair
DINO
$16.2B
| $1.26M | ﹤0.01% |
26,400
-194,000
| -88% | -$9.18M |
|
|
CCIH
2084
DELISTED
Chinacache International Holdings Ltd
CCIH
| $1.25M | ﹤0.01% |
61,074
-159,929
| -72% | -$2.97M |
|
2085
Kforce
KFRC
$1.05B
| $1.25M | ﹤0.01% |
58,748
-5,552
| -9% | -$113K |
|
|
AVTA
2086
DELISTED
Avantax, Inc. Common Stock
AVTA
| $1.25M | ﹤0.01% |
63,661
-34,229
| -35% | -$792K |
|
|
LOGM
2087
DELISTED
LogMein, Inc.
LOGM
| $1.25M | ﹤0.01% |
27,859
+10,741
| +63% | +$413K |
|
2088
PUT
Cameco
CCJ
$36.8B
| $1.25M | ﹤0.01% |
54,500
-300
| -0.5% | -$6.69K |
|
|
SPR
2089
PUT
DELISTED
Spirit AeroSystems
SPR
| $1.25M | ﹤0.01% |
+44,200
| New | +$1.35M |
|
|
QLGC
2090
DELISTED
QLOGIC CORP
QLGC
| $1.25M | ﹤0.01% |
97,700
-66,659
| -41% | -$779K |
|
|
MESG
2091
DELISTED
XURA INC COM (DE)
MESG
| $1.24M | ﹤0.01% |
+35,884
| New | +$1.29M |
|
2092
Customers Bancorp
CUBI
$2.66B
| $1.24M | ﹤0.01% |
65,379
+8,800
| +16% | +$160K |
|
|
COWN
2093
DELISTED
Cowen Inc. Class A Common Stock
COWN
| $1.24M | ﹤0.01% |
70,277
+14,069
| +25% | +$232K |
|
2094
PUT
Jacobs Solutions
J
$16B
| $1.24M | ﹤0.01% |
+23,575
| New | +$1.21M |
|
2095
LivePerson
LPSN
$22M
| $1.24M | ﹤0.01% |
6,838
-337
| -5% | -$67.4K |
|
|
CAB
2096
DELISTED
Cabela's Inc
CAB
| $1.24M | ﹤0.01% |
18,896
-197,894
| -91% | -$13.3M |
|
2097
SouthState Bank Corp
SSB
$10.3B
| $1.24M | ﹤0.01% |
19,719
+2,060
| +12% | +$128K |
|
|
SEAC
2098
DELISTED
Seachange International Inc
SEAC
| $1.23M | ﹤0.01% |
5,909
+5,248
| +794% | +$1.19M |
|
|
ACSF
2099
DELISTED
American Capital Senior Floating, Ltd.
ACSF
| $1.23M | ﹤0.01% |
+87,883
| New | +$1.25M |
|
2100
CALL
Bank of Montreal
BMO
$123B
| $1.23M | ﹤0.01% |
18,400
+9,100
| +98% | +$591K |
|
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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.