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 |
PepsiCo
PEP
|
+$192M |
| 2 |
Exelon
EXC
|
+$175M |
| 3 |
APC
Anadarko Petroleum
APC
|
+$152M |
| 4 |
Apple
AAPL
|
+$149M |
| 5 |
FITB
Fifth Third Bancorp
FITB
|
+$108M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Verizon
VZ
|
+$193M |
| 2 |
AGN
Allergan plc
AGN
|
+$142M |
| 3 |
Estee Lauder
EL
|
+$135M |
| 4 |
PPL
PPL Corp
PPL
|
+$119M |
| 5 |
Ralph Lauren
RL
|
+$112M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Energy | 13.16% |
| 2 | Healthcare | 11.71% |
| 3 | Utilities | 8.57% |
| 4 | Financials | 8.38% |
| 5 | Technology | 7.67% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
2526
Cooper-Standard Automotive
CPS
$508M
| $545K | ﹤0.01% |
+8,243
| New | +$546K |
|
2527
Immersion
IMMR
$256M
| $545K | ﹤0.01% |
+42,827
| New | +$465K |
|
|
IPCM
2528
DELISTED
IPC HEALTHCARE INC COM DTD
IPCM
| $545K | ﹤0.01% |
12,333
-7,577
| -38% | -$330K |
|
2529
Barings BDC
BBDC
$868M
| $544K | ﹤0.01% |
19,159
-7,368
| -28% | -$193K |
|
2530
Dynagas LNG Partners
DLNG
$135M
| $542K | ﹤0.01% |
+22,331
| New | +$509K |
|
2531
Sabre
SABR
$704M
| $540K | ﹤0.01% |
+26,915
| New | +$479K |
|
|
EPIQ
2532
DELISTED
EPIQ SYSTEMS INC
EPIQ
| $540K | ﹤0.01% |
38,429
+21,096
| +122% | +$276K |
|
|
RYL
2533
PUT
DELISTED
RYLAND GROUP INC
RYL
| $540K | ﹤0.01% |
+13,700
| New | +$526K |
|
|
CIE
2534
CALL
DELISTED
Cobalt International Energy, Inc
CIE
| $538K | ﹤0.01% |
+1,953
| New | +$533K |
|
2535
PUT
Boston Beer
SAM
$1.91B
| $536K | ﹤0.01% |
+2,400
| New | +$547K |
|
|
SJT
2536
San Juan Basin Royalty Trust
SJT
$118M
| $535K | ﹤0.01% |
+27,732
| New | +$521K |
|
|
PSV
2537
DELISTED
Hermitage Offshore Services Ltd.
PSV
| $535K | ﹤0.01% |
+2,795
| New | +$489K |
|
|
CVO
2538
DELISTED
Cenevo, Inc.
CVO
| $535K | ﹤0.01% |
18,018
-455
| -2% | -$11.5K |
|
|
CAS
2539
DELISTED
A M Castle & Co
CAS
| $534K | ﹤0.01% |
48,343
+20,870
| +76% | +$263K |
|
|
ZAGG
2540
DELISTED
ZAGG Inc Common Stock (Delaware)
ZAGG
| $530K | ﹤0.01% |
97,543
+82,243
| +538% | +$379K |
|
|
PGI
2541
DELISTED
PREMIERE GLOBAL SERVICES, INC.
PGI
| $529K | ﹤0.01% |
+39,653
| New | +$505K |
|
2542
A10 Networks
ATEN
$2.41B
| $525K | ﹤0.01% |
+39,482
| New | +$496K |
|
|
NFBK
2543
DELISTED
Northfield Bancorp
NFBK
| $525K | ﹤0.01% |
40,064
-112,552
| -74% | -$1.45M |
|
2544
Vanguard Value ETF
VTV
$189B
| $525K | ﹤0.01% |
6,489
+950
| +17% | +$75.2K |
|
|
TLMR
2545
DELISTED
TALMER BANCORP INC (MI)
TLMR
| $525K | ﹤0.01% |
38,102
-4,819
| -11% | -$66.4K |
|
2546
Greif
GEF
$4.56B
| $524K | ﹤0.01% |
9,609
+3,963
| +70% | +$213K |
|
|
CORR
2547
DELISTED
CorEnergy Infrastructure Trust, Inc.
CORR
| $524K | ﹤0.01% |
14,148
+11,102
| +364% | +$392K |
|
2548
PUT
PG&E
PCG
$38.8B
| $523K | ﹤0.01% |
+10,900
| New | +$494K |
|
2549
PUT
Thor Industries
THO
$3.98B
| $523K | ﹤0.01% |
9,200
-2,400
| -21% | -$144K |
|
2550
PUT
Middleby
MIDD
$6.15B
| $521K | ﹤0.01% |
+6,300
| New | +$519K |
|
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Millennium Management's Q2 2014 Portfolio in Review
As of Q2 2014, Millennium Management held 4,342 positions worth $36.1B, up 4.6% from $34.5B the previous quarter. Its ten largest holdings account for 9.6% of the portfolio.
Millennium Management's Q2 2014 filing shows 944 new, 1,153 increased, 1,195 reduced and 1,005 closed positions. Its largest new stake was PepsiCo: 2,223,276 shares worth $199M. The largest sale was Verizon, an estimated $193M.
By sector, the portfolio is most concentrated in Energy at 13% of assets, up from 13% a quarter earlier, followed by Healthcare and Utilities.
- Millennium Management's largest Q2 2014 buy was PepsiCo: 2,223,276 shares worth $199M.
- Millennium Management added most to Exelon in Q2 2014, an estimated $175M increase.
- Millennium Management's biggest Q2 2014 reduction was Verizon, cutting an estimated $193M.
- Millennium Management fully exited Home Depot in Q2 2014, selling an estimated $108M.
- Millennium Management's ten largest holdings make up 9.6% of its $36.1B portfolio in Q2 2014.
- Millennium Management opened 944 new positions and closed 1,005 in Q2 2014.
- Millennium Management's portfolio value rose 4.6% quarter-over-quarter to $36.1B.
Based on Millennium Management's 13F filing for Q2 2014, filed 14 Aug 2014.