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 | |
|---|---|---|---|---|---|---|
2201
Alamo Group
ALG
$1.91B
| $1.01M | ﹤0.01% |
18,677
+8,837
| +90% | +$477K |
|
2202
Opko Health
OPK
$1.02B
| $1.01M | ﹤0.01% |
108,702
+9,264
| +9% | +$81.2K |
|
2203
Precigen
PGEN
$1.94B
| $1.01M | ﹤0.01% |
+40,256
| New | +$1.11M |
|
|
EOX
2204
DELISTED
EMERALD OIL INC (MT)
EOX
| $1.01M | ﹤0.01% |
+7,523
| New | +$1.11M |
|
2205
CALL
Bunge Global
BG
$20.9B
| $1.01M | ﹤0.01% |
12,700
-4,000
| -24% | -$315K |
|
|
KG
2206
Kestrel Group
KG
$66.1M
| $1.01M | ﹤0.01% |
4,038
-7,059
| -64% | -$1.63M |
|
2207
Adecoagro
AGRO
$1.4B
| $1.01M | ﹤0.01% |
123,356
+92,848
| +304% | +$724K |
|
2208
VanEck Junior Gold Miners ETF
GDXJ
$6.86B
| $1.01M | ﹤0.01% |
+27,815
| New | +$1.07M |
|
|
CALY
2209
Callaway Golf Company
CALY
$3.28B
| $1.01M | ﹤0.01% |
98,503
-400,177
| -80% | -$3.49M |
|
2210
Omeros
OMER
$845M
| $1M | ﹤0.01% |
83,165
-514,968
| -86% | -$6.33M |
|
2211
iShares Biotechnology ETF
IBB
$9.45B
| $1M | ﹤0.01% |
12,702
+3,813
| +43% | +$318K |
|
2212
CALL
The Mosaic Company
MOS
$7.19B
| $1M | ﹤0.01% |
20,000
-138,000
| -87% | -$6.57M |
|
2213
iShares Russell 1000 Growth ETF
IWF
$117B
| $998K | ﹤0.01% |
+46,152
| New | +$991K |
|
2214
Ambarella
AMBA
$3.04B
| $997K | ﹤0.01% |
37,320
+23,717
| +174% | +$726K |
|
|
VIVO
2215
DELISTED
Meridian Bioscience Inc
VIVO
| $997K | ﹤0.01% |
45,733
+35,073
| +329% | +$804K |
|
2216
PUT
America Movil
AMX
$74.6B
| $994K | ﹤0.01% |
+50,000
| New | +$1.04M |
|
2217
Waste Management
WM
$95B
| $992K | ﹤0.01% |
+23,574
| New | +$988K |
|
2218
Boyd Gaming
BYD
$6.75B
| $990K | ﹤0.01% |
75,000
-674,649
| -90% | -$7.81M |
|
|
NS
2219
DELISTED
NuStar Energy L.P.
NS
| $989K | ﹤0.01% |
18,000
-102,000
| -85% | -$5.22M |
|
|
FENG
2220
Phoenix New Media
FENG
$17.5M
| $987K | ﹤0.01% |
15,864
-20,114
| -56% | -$1.3M |
|
2221
PUT
Royal Bank of Canada
RY
$287B
| $983K | ﹤0.01% |
+14,900
| New | +$963K |
|
|
ONIT
2222
Onity Group
ONIT
$342M
| $983K | ﹤0.01% |
1,673
-7,831
| -82% | -$5.08M |
|
|
AVH
2223
DELISTED
AVIANCA HOLDINGS S.A.
AVH
| $981K | ﹤0.01% |
57,532
+24,132
| +72% | +$400K |
|
2224
National Bank Holdings
NBHC
$1.9B
| $978K | ﹤0.01% |
48,753
+7,353
| +18% | +$148K |
|
2225
Morningstar
MORN
$7.55B
| $977K | ﹤0.01% |
12,359
-43,458
| -78% | -$3.46M |
|
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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.