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 | |
|---|---|---|---|---|---|---|
|
GRA
251
DELISTED
W.R. Grace & Co.
GRA
| $34.1M | 0.09% |
360,830
+297,171
| +467% | +$28M |
|
|
CVA
252
DELISTED
Covanta Holding Corporation
CVA
| $34.1M | 0.09% |
1,652,977
+1,156,069
| +233% | +$21.9M |
|
|
ESC
253
DELISTED
EMERITUS CORP
ESC
| $34.1M | 0.09% |
1,076,050
+560,388
| +109% | +$17.2M |
|
|
STAY
254
DELISTED
Extended Stay America, Inc. Paired Share Unit
STAY
| $33.8M | 0.09% |
1,459,057
-312,516
| -18% | -$7.03M |
|
|
SNDK
255
DELISTED
SANDISK CORP
SNDK
| $33.8M | 0.09% |
323,267
+229,267
| +244% | +$20.8M |
|
256
Dorian LPG
LPG
$2.03B
| $33.7M | 0.09% |
+1,467,333
| New | +$30.4M |
|
|
SF
257
Stifel
SF
$12.6B
| $33.6M | 0.09% |
+1,598,636
| New | +$32.9M |
|
258
Wabtec
WAB
$49.1B
| $33.5M | 0.09% |
405,752
+335,450
| +477% | +$25.9M |
|
|
VSI
259
DELISTED
Vitamin Shoppe Inc.
VSI
| $33.4M | 0.09% |
775,337
-419,359
| -35% | -$18.9M |
|
260
Aramark
ARMK
$15B
| $33.3M | 0.09% |
1,780,517
+1,389,182
| +355% | +$27.1M |
|
|
WFM
261
DELISTED
Whole Foods Market Inc
WFM
| $33.1M | 0.09% |
856,056
+791,356
| +1,223% | +$34.5M |
|
|
PACD
262
DELISTED
Pacific Drilling S A
PACD
| $33M | 0.09% |
329,683
+93,131
| +39% | +$9.33M |
|
|
EMC
263
DELISTED
EMC CORPORATION
EMC
| $32.9M | 0.09% |
1,249,865
+623,998
| +100% | +$16.5M |
|
264
Palo Alto Networks
PANW
$270B
| $32.7M | 0.09% |
2,336,424
-202,548
| -8% | -$2.36M |
|
|
TWO
265
Two Harbors Investment
TWO
$1.27B
| $32.5M | 0.09% |
387,055
+13,556
| +4% | +$1.13M |
|
266
Ryman Hospitality Properties
RHP
$8.43B
| $32.4M | 0.09% |
671,962
-454,262
| -40% | -$20.9M |
|
267
Viasat
VSAT
$10.6B
| $32.1M | 0.09% |
554,233
+409,382
| +283% | +$24.7M |
|
268
Expeditors International
EXPD
$22B
| $32.1M | 0.09% |
726,344
+666,602
| +1,116% | +$28.7M |
|
269
Avery Dennison
AVY
$13B
| $32M | 0.09% |
624,641
+87,707
| +16% | +$4.35M |
|
270
Civeo
CVEO
$345M
| $32M | 0.09% |
+106,436
| New | +$31.8M |
|
271
Tyson Foods
TSN
$20.4B
| $31.9M | 0.09% |
+849,822
| New | +$34.1M |
|
|
DCT
272
DELISTED
DCT Industrial Trust Inc.
DCT
| $31.8M | 0.09% |
967,348
+660,792
| +216% | +$20.9M |
|
273
Emerson Electric
EMR
$83.9B
| $31.6M | 0.09% |
476,038
+429,373
| +920% | +$28.9M |
|
|
DTV
274
DELISTED
DIRECTV COM STK (DE)
DTV
| $31.5M | 0.09% |
370,400
+127,010
| +52% | +$10.3M |
|
275
DaVita
DVA
$15.4B
| $31.4M | 0.09% |
434,602
-130,689
| -23% | -$9.09M |
|
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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.