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 | |
|---|---|---|---|---|---|---|
3451
Crocs
CROX
$6.69B
| – | – |
-238,902
| Closed | -$3.56M |
|
3452
Criteo
CRTO
$1.03B
| – | – |
-42,366
| Closed | -$1.72M |
|
3453
CALL
Cisco
CSCO
$450B
| – | – |
-275,500
| Closed | -$6.17M |
|
3454
CALL
CoStar Group
CSGP
$11.3B
| – | – |
-31,000
| Closed | -$579K |
|
|
3455
PUT
CoStar Group
CSGP
$11.3B
| – | – |
-24,000
| Closed | -$448K |
|
3456
Canadian Solar
CSIQ
$906M
| – | – |
-538,187
| Closed | -$17.2M |
|
|
3457
PUT
Canadian Solar
CSIQ
$906M
| – | – |
-6,500
| Closed | -$208K |
|
3458
CALL
Constellium
CSTM
$3.96B
| – | – |
-13,000
| Closed | -$382K |
|
3459
PUT
Cintas
CTAS
$82.4B
| – | – |
-17,200
| Closed | -$256K |
|
3460
CSX Corp
CSX
$98.6B
| – | – |
-1,000,725
| Closed | -$9.66M |
|
3461
CVB Financial
CVBF
$3.98B
| – | – |
-81,486
| Closed | -$1.3M |
|
3462
Cenovus Energy
CVE
$54.6B
| – | – |
-10,204
| Closed | -$296K |
|
3463
CVR Energy
CVI
$3.36B
| – | – |
-10,468
| Closed | -$442K |
|
3464
California Water Service
CWT
$3.04B
| – | – |
-63,288
| Closed | -$1.51M |
|
3465
China Yuchai International
CYD
$1.69B
| – | – |
-12,007
| Closed | -$254K |
|
3466
CALL
Cytokinetics
CYTK
$11B
| – | – |
-80,400
| Closed | -$764K |
|
|
3467
Cytokinetics
CYTK
$11B
| – | – |
-212,507
| Closed | -$2.02M |
|
3468
CALL
Dominion Energy
D
$62.5B
| – | – |
-52,700
| Closed | -$3.74M |
|
|
3469
PUT
Dominion Energy
D
$62.5B
| – | – |
-5,800
| Closed | -$412K |
|
3470
PUT
Delta Air Lines
DAL
$55.9B
| – | – |
-265,900
| Closed | -$9.21M |
|
3471
PUT
Deutsche Bank
DB
$66.3B
| – | – |
-24,414
| Closed | -$932K |
|
3472
CALL
Designer Brands
DBI
$277M
| – | – |
-17,100
| Closed | -$613K |
|
3473
3D Systems Corp
DDD
$420M
| – | – |
-6,561
| Closed | -$388K |
|
3474
Dillards
DDS
$8.87B
| – | – |
-152,521
| Closed | -$14.1M |
|
|
3475
PUT
Dillards
DDS
$8.87B
| – | – |
-2,500
| Closed | -$231K |
|
Similar funds
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.