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 | |
|---|---|---|---|---|---|---|
2176
WPP
WPP
$4.67B
| $1.06M | ﹤0.01% |
+10,283
| New | +$1.1M |
|
2177
HCI Group
HCI
$2.34B
| $1.06M | ﹤0.01% |
+29,035
| New | +$1.27M |
|
2178
John Wiley & Sons Class A
WLY
$2.83B
| $1.06M | ﹤0.01% |
+18,320
| New | +$1.02M |
|
2179
First Merchants
FRME
$2.69B
| $1.05M | ﹤0.01% |
+48,725
| New | +$1.03M |
|
|
IVC
2180
DELISTED
Invacare Corporation
IVC
| $1.05M | ﹤0.01% |
55,152
-24,176
| -30% | -$497K |
|
|
CELGZ
2181
DELISTED
Celgene Corporation Contingent Value Rights
CELGZ
| $1.05M | ﹤0.01% |
373,318
-66,828
| -15% | -$202K |
|
2182
Graham Holdings Company
GHC
$5.31B
| $1.05M | ﹤0.01% |
+2,464
| New | +$1.01M |
|
2183
CALL
Target
TGT
$66.3B
| $1.04M | ﹤0.01% |
17,200
-151,100
| -90% | -$8.96M |
|
2184
CALL
Nasdaq
NDAQ
$53.4B
| $1.04M | ﹤0.01% |
84,300
+82,500
| +4,583% | +$1.07M |
|
|
RSE
2185
DELISTED
ROUSE PPTYS INC COM (DE)
RSE
| $1.04M | ﹤0.01% |
+60,209
| New | +$1.1M |
|
2186
Cabot Corp
CBT
$4.72B
| $1.04M | ﹤0.01% |
17,551
-26,072
| -60% | -$1.37M |
|
|
RGLS
2187
DELISTED
Regulus Therapeutics
RGLS
| $1.04M | ﹤0.01% |
958
-249
| -21% | -$276K |
|
|
ARO
2188
CALL
DELISTED
Aeropostale Inc
ARO
| $1.04M | ﹤0.01% |
206,500
-77,600
| -27% | -$540K |
|
|
RDS.A
2189
DELISTED
Royal Dutch Shell PLC ADS Class A
RDS.A
| $1.04M | ﹤0.01% |
14,184
+7,915
| +126% | +$566K |
|
|
AH
2190
DELISTED
Accretive Health
AH
| $1.03M | ﹤0.01% |
+129,000
| New | +$1.14M |
|
2191
Ducommun
DCO
$2.56B
| $1.03M | ﹤0.01% |
+41,122
| New | +$1.11M |
|
|
RBS.PRQ
2192
DELISTED
ROYAL BANK OF SCOTLAND GP PLC (THE) ADR REPSTG PFD SHS SER Q
RBS.PRQ
| $1.03M | ﹤0.01% |
43,676
-274,851
| -86% | -$6.39M |
|
2193
LSB Industries
LXU
$824M
| $1.03M | ﹤0.01% |
+35,715
| New | +$962K |
|
|
CDR
2194
DELISTED
Cedar Realty Trust, Inc
CDR
| $1.03M | ﹤0.01% |
25,486
+21,228
| +499% | +$879K |
|
2195
Daktronics
DAKT
$946M
| $1.02M | ﹤0.01% |
71,162
-157,298
| -69% | -$2.26M |
|
2196
ProShares UltraPro QQQ
TQQQ
$28.6B
| $1.02M | ﹤0.01% |
+799,248
| New | +$1.04M |
|
|
OME
2197
DELISTED
Omega Protein
OME
| $1.02M | ﹤0.01% |
84,697
-43,464
| -34% | -$498K |
|
|
LNW
2198
DELISTED
Light & Wonder
LNW
| $1.02M | ﹤0.01% |
74,334
+16,639
| +29% | +$242K |
|
|
SJI
2199
DELISTED
South Jersey Industries, Inc.
SJI
| $1.02M | ﹤0.01% |
36,284
-20,102
| -36% | -$552K |
|
2200
CALL
Royal Bank of Canada
RY
$287B
| $1.02M | ﹤0.01% |
+15,400
| New | +$996K |
|
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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.