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 | |
|---|---|---|---|---|---|---|
|
HBI
501
DELISTED
Hanesbrands
HBI
| $18.7M | 0.05% |
761,856
+647,028
| +563% | +$13.3M |
|
502
Lennox International
LII
$14.5B
| $18.7M | 0.05% |
209,105
+188,288
| +904% | +$16.4M |
|
|
LSI
503
DELISTED
Life Storage, Inc.
LSI
| $18.7M | 0.05% |
363,543
+183,993
| +102% | +$9.31M |
|
|
MHFI
504
DELISTED
MCGRAW-HILL FINANCIAL INC COM
MHFI
| $18.7M | 0.05% |
225,303
-288,949
| -56% | -$22.8M |
|
|
MNK
505
DELISTED
MALLINCKRODT PUBLIC LIMITED COMPANY
MNK
| $18.7M | 0.05% |
233,159
+20,494
| +10% | +$1.48M |
|
506
EQT Corp
EQT
$33.2B
| $18.6M | 0.05% |
320,347
-1,185,859
| -79% | -$68M |
|
507
Warner Bros
WBD
$65.7B
| $18.6M | 0.05% |
+489,256
| New | +$19.3M |
|
508
Comcast
CMCSA
$85.4B
| $18.5M | 0.05% |
690,932
-764,512
| -53% | -$19.6M |
|
|
SPN
509
DELISTED
Superior Energy Services, Inc.
SPN
| $18.5M | 0.05% |
51,203
+4,059
| +9% | +$1.34M |
|
|
RPT
510
DELISTED
RPT Realty Common Shares of Beneficial Interest (MD)
RPT
| $18.4M | 0.05% |
1,105,308
-814,604
| -42% | -$13.4M |
|
|
JOY
511
DELISTED
Joy Global Inc
JOY
| $18.3M | 0.05% |
297,727
-94,146
| -24% | -$5.66M |
|
|
AMRI
512
DELISTED
Albany Molecular Research Inc
AMRI
| $18.3M | 0.05% |
910,133
-112,048
| -11% | -$1.9M |
|
|
NXTM
513
DELISTED
NxStage Medical Inc.
NXTM
| $18.3M | 0.05% |
1,272,853
+388,662
| +44% | +$5.07M |
|
514
Zoetis
ZTS
$32.4B
| $18.3M | 0.05% |
566,692
-609,402
| -52% | -$18.7M |
|
|
PNK
515
DELISTED
Pinnacle Entertainment Inc.
PNK
| $18.3M | 0.05% |
725,393
+98,351
| +16% | +$2.34M |
|
|
OUTR
516
DELISTED
OUTERWALL INC
OUTR
| $18.3M | 0.05% |
307,627
+141,668
| +85% | +$9.58M |
|
|
MGLN
517
DELISTED
Magellan Health Services, Inc.
MGLN
| $18.2M | 0.05% |
293,144
+50,171
| +21% | +$2.95M |
|
|
EXL
518
DELISTED
EXCEL TRUST , INC COM STK
EXL
| $18.2M | 0.05% |
1,365,556
+57,938
| +4% | +$750K |
|
|
KSU
519
DELISTED
Kansas City Southern
KSU
| $18.2M | 0.05% |
+169,042
| New | +$17.5M |
|
|
APC
520
PUT
DELISTED
Anadarko Petroleum
APC
| $18.2M | 0.05% |
+165,900
| New | +$16.9M |
|
521
Enbridge
ENB
$119B
| $18.1M | 0.05% |
+382,115
| New | +$18.1M |
|
|
HK
522
PUT
DELISTED
Halcon Resources Corporation
HK
| $18.1M | 0.05% |
14,428
+2,221
| +18% | +$2.21M |
|
523
AerCap
AER
$23.8B
| $18.1M | 0.05% |
395,288
+186,650
| +89% | +$8.25M |
|
524
Cemex
CX
$17.1B
| $18M | 0.05% |
1,533,587
-1,343,755
| -47% | -$15.3M |
|
525
Timken Company
TKR
$9.61B
| $18M | 0.05% |
371,250
-203,092
| -35% | -$9.2M |
|
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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.