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 | |
|---|---|---|---|---|---|---|
|
EGLE
2351
PUT
DELISTED
Eagle Bulk Shipping Inc.
EGLE
| $798K | ﹤0.01% |
+79
| New | +$839K |
|
|
MTSN
2352
DELISTED
MATTSON TECHNOLOGY INC
MTSN
| $790K | ﹤0.01% |
340,394
+262,847
| +339% | +$703K |
|
2353
CALL
Jacobs Solutions
J
$16B
| $787K | ﹤0.01% |
+14,991
| New | +$772K |
|
2354
PUT
International Paper
IP
$22.6B
| $785K | ﹤0.01% |
+18,310
| New | +$814K |
|
|
NTLS
2355
DELISTED
NTELOS HLDGS CORP COM
NTLS
| $783K | ﹤0.01% |
58,027
-140,508
| -71% | -$2.29M |
|
|
AUO
2356
DELISTED
AU Optronics Corp
AUO
| $783K | ﹤0.01% |
224,883
-424,616
| -65% | -$1.33M |
|
|
JMBA
2357
DELISTED
Jamba, Inc.
JMBA
| $783K | ﹤0.01% |
+65,262
| New | +$815K |
|
2358
Standard Motor Products
SMP
$902M
| $782K | ﹤0.01% |
21,851
+392
| +2% | +$13.4K |
|
|
MKTO
2359
DELISTED
MARKETO INC COM STK (DE)
MKTO
| $782K | ﹤0.01% |
23,944
-22,646
| -49% | -$897K |
|
|
JRN
2360
DELISTED
JOURNAL COMMUNICATIONS INC CL-A
JRN
| $782K | ﹤0.01% |
88,216
-73,164
| -45% | -$650K |
|
2361
CALL
Citigroup
C
$213B
| $781K | ﹤0.01% |
16,400
-83,600
| -84% | -$4.16M |
|
2362
CALL
FMC
FMC
$1.25B
| $781K | ﹤0.01% |
11,761
-11,299
| -49% | -$735K |
|
2363
CALL
Occidental Petroleum
OXY
$55.7B
| $781K | ﹤0.01% |
8,559
-111,371
| -93% | -$9.95M |
|
2364
CALL
KRONOS Worldwide
KRO
$712M
| $779K | ﹤0.01% |
+46,700
| New | +$752K |
|
2365
PUT
Clorox
CLX
$12B
| $774K | ﹤0.01% |
8,800
+5,400
| +159% | +$474K |
|
|
GOOD
2366
Gladstone Commercial Corp
GOOD
$623M
| $772K | ﹤0.01% |
+44,545
| New | +$794K |
|
|
SVA
2367
DELISTED
Sinovac Biotech, Ltd
SVA
| $770K | ﹤0.01% |
+106,953
| New | +$708K |
|
2368
Spire
SR
$4.79B
| $769K | ﹤0.01% |
16,319
+4,196
| +35% | +$191K |
|
2369
Walker & Dunlop
WD
$1.73B
| $767K | ﹤0.01% |
46,925
+29,372
| +167% | +$461K |
|
|
DEG
2370
DELISTED
ETABLISSEMENT DELHZ ADS 4 ADS REPTGS 1 ORD SHS
DEG
| $767K | ﹤0.01% |
42,224
+17,188
| +69% | +$286K |
|
2371
Huntington Bancshares
HBAN
$34B
| $766K | ﹤0.01% |
76,808
-45,692
| -37% | -$434K |
|
|
GMLP
2372
DELISTED
Golar LNG Partners LP
GMLP
| $765K | ﹤0.01% |
25,585
+5,719
| +29% | +$172K |
|
|
HMIN
2373
DELISTED
HOMEINNS HOTEL GROUP SPONSORED ADR
HMIN
| $765K | ﹤0.01% |
23,705
-80,512
| -77% | -$2.92M |
|
|
ADVS
2374
DELISTED
Advent Software Inc
ADVS
| $765K | ﹤0.01% |
26,063
-129,669
| -83% | -$4.13M |
|
2375
Compass Diversified
CODI
$752M
| $764K | ﹤0.01% |
40,406
+16,206
| +67% | +$299K |
|
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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.