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 | |
|---|---|---|---|---|---|---|
|
PRO
2301
DELISTED
PROS Holdings
PRO
| $856K | ﹤0.01% |
+27,169
| New | +$985K |
|
2302
ProShares UltraPro Short S&P 500
SPXU
$435M
| $856K | ﹤0.01% |
+38
| New | +$924K |
|
2303
Mativ Holdings
MATV
$479M
| $855K | ﹤0.01% |
20,066
+10,424
| +108% | +$476K |
|
2304
Graco
GGG
$13.2B
| $854K | ﹤0.01% |
34,272
-592,542
| -95% | -$14.8M |
|
|
SIGM
2305
DELISTED
Sigma Designs Inc
SIGM
| $854K | ﹤0.01% |
179,418
+110,037
| +159% | +$541K |
|
2306
CALL
Boston Properties
BXP
$11.6B
| $848K | ﹤0.01% |
7,400
+4,400
| +147% | +$480K |
|
|
2307
PUT
Boston Properties
BXP
$11.6B
| $848K | ﹤0.01% |
7,400
+4,100
| +124% | +$447K |
|
|
HAYN
2308
DELISTED
Haynes International, Inc.
HAYN
| $847K | ﹤0.01% |
+15,678
| New | +$807K |
|
|
BFS
2309
Saul Centers
BFS
$858M
| $846K | ﹤0.01% |
+17,856
| New | +$833K |
|
2310
PUT
Toronto Dominion Bank
TD
$193B
| $845K | ﹤0.01% |
18,000
-20,600
| -53% | -$929K |
|
|
ANV
2311
DELISTED
Allied Nevada Gold Corp
ANV
| $845K | ﹤0.01% |
+196,050
| New | +$983K |
|
|
WSTC
2312
DELISTED
West Corporation
WSTC
| $844K | ﹤0.01% |
+35,285
| New | +$865K |
|
|
ADYX
2313
DELISTED
Adynxx Inc
ADYX
| $843K | ﹤0.01% |
+1,667
| New | +$871K |
|
2314
State Street Financial Select Sector SPDR ETF
XLF
$56.5B
| $840K | ﹤0.01% |
42,852
-331,004
| -89% | -$6.32M |
|
2315
Quantum Corp
QMCO
$411M
| $839K | ﹤0.01% |
4,298
-3,293
| -43% | -$642K |
|
|
EEQ
2316
DELISTED
Enbridge Energy Management Llc
EEQ
| $839K | ﹤0.01% |
45,916
+31,392
| +216% | +$564K |
|
2317
PUT
Realty Income
O
$61.1B
| $838K | ﹤0.01% |
21,156
+13,210
| +166% | +$524K |
|
2318
ICU Medical
ICUI
$4.16B
| $836K | ﹤0.01% |
13,969
-13,269
| -49% | -$817K |
|
|
SONN
2319
DELISTED
Sonnet BioTherapeutics
SONN
| – | – |
0
| – | – |
|
|
WG
2320
DELISTED
Willbros Group
WG
| $834K | ﹤0.01% |
+66,123
| New | +$632K |
|
|
MTSC
2321
DELISTED
MTS Systems Corp
MTSC
| $833K | ﹤0.01% |
12,157
+9,336
| +331% | +$663K |
|
2322
Kadant
KAI
$3.58B
| $831K | ﹤0.01% |
22,777
-333
| -1% | -$12.6K |
|
2323
PUT
Occidental Petroleum
OXY
$55.7B
| $829K | ﹤0.01% |
9,081
-95,192
| -91% | -$8.51M |
|
2324
TriCo Bancshares
TCBK
$1.85B
| $829K | ﹤0.01% |
31,958
+22,909
| +253% | +$590K |
|
2325
Vanguard FTSE Developed Markets ETF
VEA
$223B
| $829K | ﹤0.01% |
+20,078
| New | +$822K |
|
Similar funds
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.