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 | |
|---|---|---|---|---|---|---|
|
SPLK
1601
DELISTED
Splunk Inc
SPLK
| $2.54M | 0.01% |
35,525
-177,458
| -83% | -$14.5M |
|
|
PAY
1602
CALL
DELISTED
Verifone Systems Inc
PAY
| $2.53M | 0.01% |
74,800
-23,100
| -24% | -$685K |
|
1603
CALL
Ciena
CIEN
$46.8B
| $2.52M | 0.01% |
110,800
+86,500
| +356% | +$2.03M |
|
1604
Ligand Pharmaceuticals
LGND
$5.77B
| $2.52M | 0.01% |
+60,031
| New | +$2.5M |
|
1605
United Parks & Resorts
PRKS
$2.19B
| $2.52M | 0.01% |
83,295
-525,081
| -86% | -$16.9M |
|
1606
KT
KT
$8.74B
| $2.52M | 0.01% |
181,034
+141,334
| +356% | +$1.97M |
|
|
MM
1607
DELISTED
MILLENNIAL MEDIA INC COM STK (DE)
MM
| $2.51M | 0.01% |
363,130
+270,469
| +292% | +$1.91M |
|
|
CWH.PRD
1608
DELISTED
COMMONWEALTH REIT 6.50% PFD CUMV CONV SHS SER D
CWH.PRD
| $2.51M | 0.01% |
+100,000
| New | +$2.26M |
|
1609
United Parcel Service
UPS
$88.9B
| $2.5M | 0.01% |
+25,720
| New | +$2.51M |
|
|
BRCM
1610
CALL
DELISTED
BROADCOM CORP CL-A
BRCM
| $2.5M | 0.01% |
79,600
-244,700
| -75% | -$7.37M |
|
1611
CALL
Caterpillar
CAT
$361B
| $2.5M | 0.01% |
+25,200
| New | +$2.38M |
|
1612
PUT
Phillips 66
PSX
$82.9B
| $2.5M | 0.01% |
32,500
+26,600
| +451% | +$2.03M |
|
1613
Banco de Chile
BCH
$20.6B
| $2.5M | 0.01% |
+111,973
| New | +$2.55M |
|
|
IRBT
1614
DELISTED
iRobot
IRBT
| $2.5M | 0.01% |
60,853
-95,166
| -61% | -$3.81M |
|
1615
TD Synnex
SNX
$19.9B
| $2.49M | 0.01% |
82,192
+58,248
| +243% | +$1.73M |
|
|
DRWI
1616
DELISTED
DragonWave Inc
DRWI
| $2.49M | 0.01% |
71,100
+700
| +1% | +$26.2K |
|
|
SPN
1617
CALL
DELISTED
Superior Energy Services, Inc.
SPN
| $2.48M | 0.01% |
+8,080
| New | +$2.17M |
|
1618
Gentherm
THRM
$1.32B
| $2.48M | 0.01% |
+71,521
| New | +$2.01M |
|
|
CRR
1619
DELISTED
Carbo Ceramics Inc.
CRR
| $2.48M | 0.01% |
17,970
-76,453
| -81% | -$9.05M |
|
1620
PUT
Prothena Corp
PRTA
$448M
| $2.47M | 0.01% |
+88,900
| New | +$2.87M |
|
|
ELOS
1621
DELISTED
Syneron Medical Ltd
ELOS
| $2.47M | 0.01% |
198,038
-43,134
| -18% | -$511K |
|
1622
CALL
Arrowhead Research
ARWR
$12.1B
| $2.46M | 0.01% |
+150,000
| New | +$2.63M |
|
|
MXIM
1623
DELISTED
Maxim Integrated Products
MXIM
| $2.46M | 0.01% |
74,373
-843,344
| -92% | -$25.9M |
|
1624
Nexstar Media Group
NXST
$6.01B
| $2.46M | 0.01% |
65,557
+55,457
| +549% | +$2.4M |
|
|
AEL
1625
DELISTED
American Equity Investment Life Holding Company
AEL
| $2.46M | 0.01% |
104,127
-411,900
| -80% | -$9.5M |
|
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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.