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 | |
|---|---|---|---|---|---|---|
2101
Sabra Healthcare REIT
SBRA
$5.56B
| $1.23M | ﹤0.01% |
44,030
-9,758
| -18% | -$268K |
|
2102
SLM Corp
SLM
$4.83B
| $1.23M | ﹤0.01% |
140,180
-1,971,012
| -93% | -$17.2M |
|
|
TEN
2103
Tsakos Energy Navigation Ltd
TEN
$1.19B
| $1.22M | ﹤0.01% |
31,485
-2,839
| -8% | -$99.2K |
|
|
ENT
2104
DELISTED
Global Eagle Entertainment Inc.
ENT
| $1.22M | ﹤0.01% |
3,099
-1,185
| -28% | -$487K |
|
|
SCAI
2105
DELISTED
Surgical Care Affiliates, Inc.
SCAI
| $1.22M | ﹤0.01% |
39,740
+11,691
| +42% | +$378K |
|
2106
iShares MSCI Hong Kong ETF
EWH
$1.23B
| $1.22M | ﹤0.01% |
+61,561
| New | +$1.22M |
|
2107
Virtus Investment Partners
VRTS
$1.12B
| $1.22M | ﹤0.01% |
7,029
-1,427
| -17% | -$263K |
|
|
WW
2108
DELISTED
WW International
WW
| $1.22M | ﹤0.01% |
59,230
-34,202
| -37% | -$865K |
|
2109
Clearwater Paper
CLW
$348M
| $1.22M | ﹤0.01% |
19,406
-37,111
| -66% | -$2.21M |
|
2110
MGE Energy Inc
MGEE
$3.03B
| $1.21M | ﹤0.01% |
+30,818
| New | +$1.18M |
|
2111
Insight Enterprises
NSIT
$3.85B
| $1.21M | ﹤0.01% |
48,005
-9,321
| -16% | -$215K |
|
|
SWN
2112
PUT
DELISTED
Southwestern Energy Company
SWN
| $1.21M | ﹤0.01% |
26,200
-162,600
| -86% | -$6.82M |
|
2113
PUT
EOG Resources
EOG
$77.7B
| $1.2M | ﹤0.01% |
+12,200
| New | +$1.09M |
|
2114
Public Service Enterprise Group
PEG
$38.7B
| $1.19M | ﹤0.01% |
31,307
-291,540
| -90% | -$10.1M |
|
|
CAJ
2115
DELISTED
Canon, Inc.
CAJ
| $1.19M | ﹤0.01% |
38,298
-47,965
| -56% | -$1.46M |
|
|
CKEC
2116
DELISTED
Carmike Cinemas Inc
CKEC
| $1.19M | ﹤0.01% |
39,780
-803
| -2% | -$23.2K |
|
|
WGL
2117
DELISTED
Wgl Holdings
WGL
| $1.19M | ﹤0.01% |
+29,630
| New | +$1.14M |
|
2118
Watts Water Technologies
WTS
$11.2B
| $1.19M | ﹤0.01% |
+20,197
| New | +$1.18M |
|
2119
Canadian Imperial Bank of Commerce
CM
$106B
| $1.18M | ﹤0.01% |
28,010
-15,883
| -36% | -$640K |
|
|
ESPR
2120
DELISTED
Esperion Therapeutics
ESPR
| $1.18M | ﹤0.01% |
78,181
+18,181
| +30% | +$282K |
|
|
EXAR
2121
DELISTED
Exar Corporation
EXAR
| $1.18M | ﹤0.01% |
98,705
+52,614
| +114% | +$617K |
|
2122
PUT
Direxion Daily Small Cap Bull 3x ETF
TNA
$1.27B
| $1.17M | ﹤0.01% |
30,000
| – | – |
|
2123
iShares Russell 3000 ETF
IWV
$19.2B
| $1.17M | ﹤0.01% |
+10,418
| New | +$1.15M |
|
|
COR
2124
DELISTED
Coresite Realty Corporation
COR
| $1.17M | ﹤0.01% |
+37,646
| New | +$1.18M |
|
|
PRFT
2125
DELISTED
Perficient Inc
PRFT
| $1.17M | ﹤0.01% |
64,296
+45,627
| +244% | +$933K |
|
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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.