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 | |
|---|---|---|---|---|---|---|
|
CEB
551
DELISTED
CEB Inc.
CEB
| $17.1M | 0.05% |
250,429
+118,420
| +90% | +$8.14M |
|
552
Zurn Elkay Water Solutions
ZWS
$8.46B
| $16.9M | 0.05% |
+1,248,415
| New | +$16.6M |
|
553
Sunstone Hotel Investors
SHO
$2.19B
| $16.9M | 0.05% |
1,131,741
+1,114,422
| +6,435% | +$16M |
|
554
Starwood Property Trust
STWD
$5.93B
| $16.9M | 0.05% |
710,553
+524,586
| +282% | +$12.5M |
|
555
PACCAR
PCAR
$70.2B
| $16.9M | 0.05% |
403,052
+101,199
| +34% | +$4.32M |
|
556
iShares Biotechnology ETF
IBB
$9.31B
| $16.8M | 0.05% |
196,443
+183,741
| +1,447% | +$14.5M |
|
|
SDLP
557
DELISTED
SEADRILL PARTNERS LLC
SDLP
| $16.8M | 0.05% |
50,623
+48,886
| +2,814% | +$15.3M |
|
558
Oil States International
OIS
$478M
| $16.8M | 0.05% |
261,706
-27,233
| -9% | -$1.6M |
|
559
Old Dominion Freight Line
ODFL
$44.3B
| $16.7M | 0.05% |
785,022
+700,077
| +824% | +$14.1M |
|
|
ALOG
560
DELISTED
Analogic Corp
ALOG
| $16.6M | 0.05% |
211,930
+188,383
| +800% | +$14.4M |
|
|
TRAK
561
DELISTED
DEALERTRACK TECHNOLOGIES, INC. COM STK
TRAK
| $16.5M | 0.05% |
364,578
-3,898
| -1% | -$169K |
|
|
WCN
562
Waste Connections
WCN
$42.3B
| $16.5M | 0.05% |
510,168
+270,849
| +113% | +$8.14M |
|
|
VER
563
DELISTED
VEREIT, Inc.
VER
| $16.4M | 0.05% |
262,448
+115,588
| +79% | +$7.43M |
|
|
BMS
564
DELISTED
Bemis
BMS
| $16.4M | 0.05% |
+403,886
| New | +$16.4M |
|
|
PPLI
565
People Inc
PPLI
$3.06B
| $16.4M | 0.05% |
1,324,679
+466,377
| +54% | +$5.59M |
|
566
Vishay Intertechnology
VSH
$5.28B
| $16.4M | 0.05% |
1,058,114
+557,727
| +111% | +$8.27M |
|
|
ROSE
567
DELISTED
ROSETTA RESOURCES INC
ROSE
| $16.3M | 0.05% |
297,629
+74,756
| +34% | +$3.63M |
|
568
Teradata
TDC
$2.92B
| $16.3M | 0.05% |
405,142
+396,044
| +4,353% | +$17.3M |
|
569
Altria Group
MO
$116B
| $16.3M | 0.05% |
387,978
+284,169
| +274% | +$11.4M |
|
570
Tractor Supply
TSCO
$16B
| $16.3M | 0.05% |
1,345,870
+166,700
| +14% | +$2.18M |
|
571
Ecolab
ECL
$78.5B
| $16.2M | 0.04% |
145,657
-73,537
| -34% | -$7.88M |
|
572
United Therapeutics
UTHR
$25.9B
| $16.2M | 0.04% |
183,048
-7,315
| -4% | -$703K |
|
573
PUT
F5
FFIV
$23B
| $16.1M | 0.04% |
+144,800
| New | +$15.6M |
|
574
Accuray
ARAY
$31.1M
| $16.1M | 0.04% |
1,832,293
+709,629
| +63% | +$6.15M |
|
|
GTLS
575
DELISTED
Chart Industries
GTLS
| $16.1M | 0.04% |
194,330
+152,054
| +360% | +$11.5M |
|
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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.