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 | |
|---|---|---|---|---|---|---|
|
BEAV
351
DELISTED
B/E Aerospace Inc
BEAV
| $26.5M | 0.07% |
395,333
+212,810
| +117% | +$14.2M |
|
352
Abbott
ABT
$183B
| $26.5M | 0.07% |
646,872
+360,991
| +126% | +$14.2M |
|
|
GGP
353
DELISTED
GGP Inc.
GGP
| $26.4M | 0.07% |
1,119,201
-192,793
| -15% | -$4.48M |
|
354
Ryder
R
$9.83B
| $26.2M | 0.07% |
296,862
+44,808
| +18% | +$3.75M |
|
|
LQ
355
DELISTED
La Quinta Holdings Inc.
LQ
| $26.1M | 0.07% |
+1,364,389
| New | +$24M |
|
356
Bank of Hawaii
BOH
$3.15B
| $26M | 0.07% |
442,749
-20,623
| -4% | -$1.18M |
|
357
Kinross Gold
KGC
$27.4B
| $26M | 0.07% |
6,272,823
+4,651,896
| +287% | +$18.9M |
|
358
ON Semiconductor
ON
$31.8B
| $25.9M | 0.07% |
2,832,119
+624,283
| +28% | +$5.69M |
|
359
Carter's
CRI
$1.42B
| $25.9M | 0.07% |
375,352
+303,846
| +425% | +$22.1M |
|
360
Aflac
AFL
$64.9B
| $25.8M | 0.07% |
827,530
-67,546
| -8% | -$2.11M |
|
361
Nokia
NOK
$51B
| $25.6M | 0.07% |
3,387,148
-659,534
| -16% | -$5.01M |
|
|
ACC
362
DELISTED
American Campus Communities, Inc.
ACC
| $25.6M | 0.07% |
669,489
+518,447
| +343% | +$19.8M |
|
363
JetBlue
JBLU
$2.28B
| $25.6M | 0.07% |
2,357,505
+1,113,541
| +90% | +$10.3M |
|
364
Intuitive Surgical
ISRG
$127B
| $25.6M | 0.07% |
558,621
-100,710
| -15% | -$4.44M |
|
|
ETFC
365
DELISTED
E*Trade Financial Corporation
ETFC
| $25.5M | 0.07% |
1,201,082
+448,154
| +60% | +$9.42M |
|
366
Stryker
SYK
$125B
| $25.5M | 0.07% |
302,379
+298,879
| +8,539% | +$24.4M |
|
|
SLH
367
DELISTED
SOLERA HOLDINGS, INC. COM
SLH
| $25.4M | 0.07% |
378,810
+267,970
| +242% | +$17.5M |
|
|
QIHU
368
DELISTED
QIHOO 360 TECHNOLOGY CO LTD ADS RPSTG 3 CL A SHS
QIHU
| $25.4M | 0.07% |
275,881
+122,087
| +79% | +$10.8M |
|
|
LPNT
369
DELISTED
LifePoint Health, Inc.
LPNT
| $25.4M | 0.07% |
+408,580
| New | +$24M |
|
370
Oracle
ORCL
$374B
| $25.3M | 0.07% |
623,427
+309,390
| +99% | +$12.7M |
|
|
ITMN
371
DELISTED
INTERMUNE INC
ITMN
| $25.2M | 0.07% |
570,851
+154,720
| +37% | +$5.7M |
|
372
Regeneron Pharmaceuticals
REGN
$78.5B
| $25.1M | 0.07% |
88,992
-172
| -0.2% | -$51K |
|
373
Sun Communities
SUI
$15.2B
| $25.1M | 0.07% |
503,773
-500,585
| -50% | -$23.6M |
|
|
FL
374
DELISTED
Foot Locker
FL
| $25.1M | 0.07% |
494,919
+266,703
| +117% | +$12.8M |
|
|
PL
375
DELISTED
PROTECTIVE LIFE CORP
PL
| $25M | 0.07% |
360,311
-21,599
| -6% | -$1.23M |
|
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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.