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 | |
|---|---|---|---|---|---|---|
|
GAP
2451
PUT
The Gap Inc
GAP
$7.25B
| $669K | ﹤0.01% |
+16,700
| New | +$676K |
|
2452
Veeva Systems
VEEV
$33.9B
| $668K | ﹤0.01% |
25,009
-4,131
| -14% | -$134K |
|
|
NADL
2453
DELISTED
North Atlantic Drilling Ltd
NADL
| $663K | ﹤0.01% |
+7,500
| New | +$657K |
|
2454
Powell Industries
POWL
$6.8B
| $662K | ﹤0.01% |
30,654
+15,660
| +104% | +$338K |
|
2455
AMERISAFE
AMSF
$570M
| $661K | ﹤0.01% |
15,055
-15,875
| -51% | -$665K |
|
|
NAV
2456
DELISTED
Navistar International
NAV
| $660K | ﹤0.01% |
19,490
-44,871
| -70% | -$1.59M |
|
|
AF
2457
DELISTED
Astoria Financial Corporation
AF
| $658K | ﹤0.01% |
47,626
-220,369
| -82% | -$3.01M |
|
|
JASO
2458
DELISTED
JA Solar Holdings, Co., Ltd
JASO
| $657K | ﹤0.01% |
64,596
+46,709
| +261% | +$470K |
|
2459
PUT
Valmont Industries
VMI
$8.92B
| $655K | ﹤0.01% |
+4,400
| New | +$651K |
|
|
BFX
2460
DELISTED
BowFlex Inc.
BFX
| $655K | ﹤0.01% |
+67,973
| New | +$581K |
|
2461
Harte-Hanks
HHS
$16.2M
| $651K | ﹤0.01% |
7,364
-7,341
| -50% | -$571K |
|
2462
Calix
CALX
$2.28B
| $649K | ﹤0.01% |
76,945
-265,897
| -78% | -$2.23M |
|
|
SA
2463
Seabridge Gold
SA
$2.64B
| $649K | ﹤0.01% |
91,714
+16,747
| +22% | +$142K |
|
|
RBCN
2464
DELISTED
Rubicon Technology, Inc.
RBCN
| $647K | ﹤0.01% |
+5,735
| New | +$681K |
|
2465
CALL
Nu Skin
NUS
$255M
| $646K | ﹤0.01% |
+7,800
| New | +$685K |
|
2466
Clear Channel Outdoor Holdings
CCO
$1.22B
| $644K | ﹤0.01% |
70,694
+25,417
| +56% | +$243K |
|
2467
PUT
PepsiCo
PEP
$198B
| $643K | ﹤0.01% |
7,700
+3,100
| +67% | +$252K |
|
|
POLY
2468
DELISTED
Plantronics, Inc.
POLY
| $641K | ﹤0.01% |
14,421
+5,863
| +69% | +$259K |
|
|
SUPX
2469
DELISTED
SUPERTEX INC
SUPX
| $640K | ﹤0.01% |
+19,400
| New | +$581K |
|
|
EZCH
2470
DELISTED
EZCHIP SEMICONDUCTOR LIMITED ORD SHS (IL)
EZCH
| $638K | ﹤0.01% |
+25,164
| New | +$644K |
|
2471
Omega Healthcare
OHI
$15.3B
| $634K | ﹤0.01% |
18,907
-212,855
| -92% | -$6.78M |
|
2472
Standex International
SXI
$3.37B
| $634K | ﹤0.01% |
11,834
-245
| -2% | -$14K |
|
|
JOYY
2473
CALL
JOYY Inc
JOYY
$3.73B
| $634K | ﹤0.01% |
8,300
-5,900
| -42% | -$415K |
|
2474
CALL
Dollar Tree
DLTR
$24.6B
| $631K | ﹤0.01% |
12,100
-95,800
| -89% | -$5.1M |
|
|
GPT
2475
DELISTED
Gramercy Property Trust
GPT
| $631K | ﹤0.01% |
40,761
+36,276
| +809% | +$618K |
|
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.