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 | |
|---|---|---|---|---|---|---|
2276
Brown-Forman Class A
BF.A
$13.7B
| $889K | ﹤0.01% |
+25,000
| New | +$810K |
|
2277
Ambev
ABEV
$47.9B
| $888K | ﹤0.01% |
119,850
-224,661
| -65% | -$1.57M |
|
|
CASC
2278
DELISTED
Cascadian Therapeutics, Inc.
CASC
| $886K | ﹤0.01% |
49,405
-17,262
| -26% | -$283K |
|
|
QIHU
2279
PUT
DELISTED
QIHOO 360 TECHNOLOGY CO LTD ADS RPSTG 3 CL A SHS
QIHU
| $886K | ﹤0.01% |
8,900
-20,800
| -70% | -$2.07M |
|
2280
TC Energy
TRP
$70.1B
| $884K | ﹤0.01% |
19,415
-84,864
| -81% | -$3.77M |
|
|
HOLI
2281
DELISTED
Hollsys Automation Technologies INTERNATIONAL, LTD. COMMON (British Virgin Island)
HOLI
| $884K | ﹤0.01% |
41,052
-11,990
| -23% | -$222K |
|
2282
ArcelorMittal
MT
$49.5B
| $882K | ﹤0.01% |
23,880
-311,007
| -93% | -$11.6M |
|
|
GCVRZ
2283
DELISTED
Sanofi Contingent Value Rights
GCVRZ
| $882K | ﹤0.01% |
2,844,120
+777,120
| +38% | +$289K |
|
2284
Smith & Nephew
SNN
$13.7B
| $881K | ﹤0.01% |
+28,803
| New | +$871K |
|
2285
Skywest
SKYW
$4.35B
| $880K | ﹤0.01% |
68,944
+51,456
| +294% | +$674K |
|
|
DEST
2286
DELISTED
Destination Maternity Corporation
DEST
| $879K | ﹤0.01% |
32,078
+4,512
| +16% | +$127K |
|
|
SI
2287
CALL
DELISTED
SIEMENS AKTIENGESELLSCHAFT ADS
SI
| $878K | ﹤0.01% |
+6,500
| New | +$853K |
|
2288
CALL
Alaska Air
ALK
$5.11B
| $877K | ﹤0.01% |
18,800
+8,800
| +88% | +$365K |
|
|
SMA
2289
DELISTED
SYMMETRY MEDICAL INC
SMA
| $877K | ﹤0.01% |
87,190
-17,260
| -17% | -$172K |
|
2290
Boise Cascade
BCC
$2.73B
| $875K | ﹤0.01% |
+30,539
| New | +$904K |
|
2291
Ultrapar
UGP
$6.66B
| $875K | ﹤0.01% |
72,604
-172,710
| -70% | -$1.92M |
|
|
RP
2292
DELISTED
RealPage, Inc.
RP
| $875K | ﹤0.01% |
48,176
-87,202
| -64% | -$1.75M |
|
2293
Ezcorp Inc
EZPW
$1.79B
| $872K | ﹤0.01% |
80,860
+70,060
| +649% | +$821K |
|
|
TDAY
2294
USA Today Co
TDAY
$1.29B
| $871K | ﹤0.01% |
+58,021
| New | +$814K |
|
2295
PUT
GameStop
GME
$9.8B
| $871K | ﹤0.01% |
84,800
-146,000
| -63% | -$1.4M |
|
|
PCOM
2296
DELISTED
Points.com Inc. Common Shares
PCOM
| $865K | ﹤0.01% |
33,820
+22,792
| +207% | +$617K |
|
|
JCP
2297
PUT
DELISTED
J.C. Penney Company, Inc.
JCP
| $862K | ﹤0.01% |
100,000
-10,600
| -10% | -$76.5K |
|
2298
PUT
Edwards Lifesciences
EW
$49.4B
| $860K | ﹤0.01% |
69,600
-271,800
| -80% | -$3.14M |
|
2299
MiMedx Group
MDXG
$630M
| $858K | ﹤0.01% |
139,927
-24,527
| -15% | -$180K |
|
2300
CALL
Bausch Health
BHC
$1.75B
| $857K | ﹤0.01% |
6,500
+2,500
| +63% | +$342K |
|
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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.