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 | |
|---|---|---|---|---|---|---|
2551
Merit Medical Systems
MMSI
$4.54B
| $521K | ﹤0.01% |
34,515
-467,430
| -93% | -$6.47M |
|
2552
Otter Tail
OTTR
$3.87B
| $520K | ﹤0.01% |
17,157
-6,047
| -26% | -$176K |
|
|
CEO
2553
PUT
DELISTED
CNOOC Limited
CEO
| $520K | ﹤0.01% |
+2,900
| New | +$491K |
|
|
IIP
2554
DELISTED
INTERNAP NETWORK SERVICES CORPORATION
IIP
| $519K | ﹤0.01% |
73,562
+35,975
| +96% | +$254K |
|
2555
CALL
Home Depot
HD
$335B
| $518K | ﹤0.01% |
+6,400
| New | +$505K |
|
2556
First Trust Natural Gas ETF
FCG
$617M
| $513K | ﹤0.01% |
+4,349
| New | +$486K |
|
2557
Ardmore Shipping
ASC
$669M
| $511K | ﹤0.01% |
36,952
-13,648
| -27% | -$184K |
|
2558
Magnachip Semiconductor
MX
$126M
| $511K | ﹤0.01% |
+36,265
| New | +$489K |
|
2559
CALL
Pitney Bowes
PBI
$2.46B
| $511K | ﹤0.01% |
18,500
-407,300
| -96% | -$10.8M |
|
2560
RadNet
RDNT
$4.84B
| $511K | ﹤0.01% |
77,076
+59,886
| +348% | +$344K |
|
2561
PUT
Tidewater
TDW
$3.91B
| $511K | ﹤0.01% |
+282
| New | +$468K |
|
2562
CALL
Leidos
LDOS
$14.5B
| $510K | ﹤0.01% |
+13,300
| New | +$504K |
|
|
FLNA
2563
Filana Therapeutics
FLNA
$43.5M
| $510K | ﹤0.01% |
+12,664
| New | +$469K |
|
|
QUOT
2564
DELISTED
Quotient Technology Inc
QUOT
| $510K | ﹤0.01% |
+19,369
| New | +$431K |
|
|
TEAR
2565
DELISTED
TearLab Corporation
TEAR
| $510K | ﹤0.01% |
10,463
+4,663
| +80% | +$228K |
|
2566
PUT
W.W. Grainger
GWW
$66B
| $509K | ﹤0.01% |
+2,000
| New | +$511K |
|
2567
Korea Electric Power
KEP
$15.7B
| $509K | ﹤0.01% |
+27,642
| New | +$531K |
|
2568
Aaon
AAON
$8.27B
| $508K | ﹤0.01% |
+34,119
| New | +$456K |
|
2569
Automatic Data Processing
ADP
$102B
| $507K | ﹤0.01% |
7,290
-23,349
| -76% | -$1.59M |
|
2570
Plug Power
PLUG
$2.87B
| $507K | ﹤0.01% |
+108,300
| New | +$551K |
|
|
SRGA
2571
DELISTED
Surgalign Holdings, Inc. Common Stock
SRGA
| $507K | ﹤0.01% |
3,882
-42,808
| -92% | -$5.44M |
|
|
ARC
2572
DELISTED
ARC Document Solutions, Inc.
ARC
| $506K | ﹤0.01% |
86,414
+72,214
| +509% | +$457K |
|
2573
Embotelladora Andina Series B
AKO.B
$4.65B
| $505K | ﹤0.01% |
+22,312
| New | +$531K |
|
2574
CALL
Ciena
CIEN
$53.4B
| $505K | ﹤0.01% |
23,300
-87,500
| -79% | -$1.8M |
|
|
TGP
2575
DELISTED
Teekay LNG Partners L.P.
TGP
| $505K | ﹤0.01% |
10,939
+1,058
| +11% | +$46.4K |
|
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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.