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 | |
|---|---|---|---|---|---|---|
|
MFA
2051
MFA Financial
MFA
$932M
| $1.31M | ﹤0.01% |
42,427
-190,523
| -82% | -$5.73M |
|
2052
PUT
Myriad Genetics
MYGN
$476M
| $1.31M | ﹤0.01% |
38,400
-261,600
| -87% | -$8.1M |
|
2053
Brinker International
EAT
$8.82B
| $1.31M | ﹤0.01% |
25,000
-62,387
| -71% | -$3.12M |
|
|
MRH
2054
DELISTED
MONTPELIER RE HOLDINGS LTD
MRH
| $1.31M | ﹤0.01% |
44,036
+19,650
| +81% | +$556K |
|
2055
iShares Russell 2000 ETF
IWM
$79.1B
| $1.3M | ﹤0.01% |
11,171
-81,059
| -88% | -$9.35M |
|
|
UCTT
2056
Ultra Clean Holdings
UCTT
$3.12B
| $1.3M | ﹤0.01% |
98,828
+61,406
| +164% | +$767K |
|
|
QCOR
2057
PUT
DELISTED
QUESTCOR PHARMA INC
QCOR
| $1.3M | ﹤0.01% |
20,000
| – | – |
|
2058
CVB Financial
CVBF
$4.02B
| $1.3M | ﹤0.01% |
+81,486
| New | +$1.29M |
|
2059
Baxter International
BAX
$12.8B
| $1.29M | ﹤0.01% |
32,402
-27,164
| -46% | -$1.02M |
|
|
AVP
2060
CALL
DELISTED
Avon Products, Inc.
AVP
| $1.29M | ﹤0.01% |
88,400
-16,700
| -16% | -$257K |
|
2061
Andersons Inc
ANDE
$2.39B
| $1.29M | ﹤0.01% |
21,815
+38
| +0.2% | +$2.13K |
|
2062
PUT
Bausch Health
BHC
$1.75B
| $1.29M | ﹤0.01% |
9,800
+3,600
| +58% | +$492K |
|
2063
Pixelworks
PXLW
$37.2M
| $1.29M | ﹤0.01% |
19,431
+14,002
| +258% | +$941K |
|
|
SWI
2064
DELISTED
SOLARWINDS INC COM STK (DE)
SWI
| $1.29M | ﹤0.01% |
30,317
-45,700
| -60% | -$1.95M |
|
|
KBIO
2065
DELISTED
KALOBIOS PHARMACEUTICALS INC COM STK NEW (DE)
KBIO
| $1.29M | ﹤0.01% |
59,532
+41,982
| +239% | +$1.22M |
|
2066
ProShares UltraPro S&P 500
UPRO
$4.89B
| $1.29M | ﹤0.01% |
+154,992
| New | +$1.21M |
|
2067
OSI Systems
OSIS
$3.53B
| $1.29M | ﹤0.01% |
+21,497
| New | +$1.29M |
|
2068
Erie Indemnity
ERIE
$13B
| $1.28M | ﹤0.01% |
18,418
+14,990
| +437% | +$1.05M |
|
2069
PUT
Amphenol
APH
$185B
| $1.28M | ﹤0.01% |
+112,000
| New | +$1.25M |
|
|
DRTX
2070
DELISTED
DURATA THERAPEUTICS INC COM STK (DE)
DRTX
| $1.28M | ﹤0.01% |
95,167
-165,161
| -63% | -$2.16M |
|
2071
Cumberland Pharmaceuticals
CPIX
$99.8M
| $1.28M | ﹤0.01% |
+284,144
| New | +$1.35M |
|
2072
PUT
Southern Company
SO
$108B
| $1.28M | ﹤0.01% |
+29,100
| New | +$1.22M |
|
2073
PUT
Alaska Air
ALK
$5.11B
| $1.28M | ﹤0.01% |
27,400
+10,600
| +63% | +$439K |
|
|
EVOL
2074
DELISTED
Evolving Systems, Inc.
EVOL
| $1.28M | ﹤0.01% |
141,594
-1,900
| -1% | -$18K |
|
|
IO
2075
DELISTED
ION Geophysical Corporation
IO
| $1.27M | ﹤0.01% |
20,143
+5,398
| +37% | +$296K |
|
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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.