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 | |
|---|---|---|---|---|---|---|
|
SWN
2251
CALL
DELISTED
Southwestern Energy Company
SWN
| $939K | ﹤0.01% |
20,400
-800,800
| -98% | -$33.6M |
|
|
TA
2252
DELISTED
TravelCenters of America LLC
TA
| $937K | ﹤0.01% |
22,992
-10,665
| -32% | -$465K |
|
|
AET
2253
PUT
DELISTED
Aetna Inc
AET
| $937K | ﹤0.01% |
+12,500
| New | +$885K |
|
2254
Banco Santander Chile
BSAC
$16.1B
| $936K | ﹤0.01% |
+39,950
| New | +$865K |
|
2255
CALL
Yum! Brands
YUM
$41.9B
| $935K | ﹤0.01% |
+17,248
| New | +$908K |
|
2256
CALL
AutoNation
AN
$7.7B
| $932K | ﹤0.01% |
+17,500
| New | +$890K |
|
2257
PUT
Deutsche Bank
DB
$67.9B
| $932K | ﹤0.01% |
+24,414
| New | +$996K |
|
2258
State Street Health Care Select Sector SPDR ETF
XLV
$42.9B
| $931K | ﹤0.01% |
15,912
-41,332
| -72% | -$2.38M |
|
2259
Harmonic Inc
HLIT
$1.15B
| $930K | ﹤0.01% |
130,254
-98,822
| -43% | -$664K |
|
|
SWU
2260
DELISTED
STANLEY BLACK & DECKER INC CORP UNIT
SWU
| $930K | ﹤0.01% |
+7,298
| New | +$905K |
|
2261
Achieve Life Sciences
ACHV
$633M
| $929K | ﹤0.01% |
36
+28
| +350% | +$688K |
|
2262
PUT
Johnson & Johnson
JNJ
$640B
| $929K | ﹤0.01% |
+10,700
| New | +$992K |
|
|
LIOX
2263
DELISTED
Lionbridge Technologies
LIOX
| $926K | ﹤0.01% |
137,994
-109,560
| -44% | -$706K |
|
|
MW
2264
DELISTED
THE MENS WAREHOUSE INC
MW
| $925K | ﹤0.01% |
+18,891
| New | +$938K |
|
2265
First Majestic Silver
AG
$7.52B
| $921K | ﹤0.01% |
95,546
-127,353
| -57% | -$1.39M |
|
|
PFPT
2266
DELISTED
Proofpoint, Inc.
PFPT
| $918K | ﹤0.01% |
24,754
-86,284
| -78% | -$3.37M |
|
2267
Myers Industries
MYE
$1.24B
| $917K | ﹤0.01% |
+46,030
| New | +$923K |
|
2268
PUT
Citigroup
C
$213B
| $914K | ﹤0.01% |
+19,200
| New | +$956K |
|
2269
Minerals Technologies
MTX
$2.29B
| $914K | ﹤0.01% |
14,153
+9,026
| +176% | +$510K |
|
|
DCM
2270
DELISTED
NTT DOCOMO, Inc.
DCM
| $910K | ﹤0.01% |
57,716
+34,616
| +150% | +$558K |
|
2271
Teekay Tankers
TNK
$2.71B
| $908K | ﹤0.01% |
32,067
+29,961
| +1,423% | +$938K |
|
|
FPO
2272
DELISTED
First Potomac Realty Trust
FPO
| $903K | ﹤0.01% |
+69,921
| New | +$883K |
|
|
MDC
2273
DELISTED
M.D.C. Holdings, Inc.
MDC
| $902K | ﹤0.01% |
44,304
-58,811
| -57% | -$1.26M |
|
|
NOR
2274
DELISTED
NORANDA ALUM HLDG CORP COM NEW
NOR
| $901K | ﹤0.01% |
31,301
-5,217
| -14% | -$138K |
|
2275
Regis Corp
RGS
$68.4M
| $893K | ﹤0.01% |
3,259
+1,215
| +59% | +$333K |
|
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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.