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 | |
|---|---|---|---|---|---|---|
701
MGM Resorts International
MGM
$11.7B
| $12.7M | 0.04% |
480,379
-866,340
| -64% | -$21.6M |
|
|
INXN
702
DELISTED
Interxion Holding N.V.
INXN
| $12.7M | 0.04% |
463,181
-8,924
| -2% | -$232K |
|
703
Norwegian Cruise Line
NCLH
$8.59B
| $12.7M | 0.04% |
400,002
+257,066
| +180% | +$8.31M |
|
704
DexCom
DXCM
$28.8B
| $12.7M | 0.04% |
1,277,828
-283,320
| -18% | -$2.51M |
|
|
DCH
705
Dauch Corp
DCH
$1.39B
| $12.7M | 0.04% |
670,429
-13,243
| -2% | -$244K |
|
|
MIC
706
DELISTED
Macquarie Infrastructure Holdings, LLC
MIC
| $12.6M | 0.03% |
202,314
+193,321
| +2,150% | +$11.4M |
|
|
VOLC
707
DELISTED
VOLCANO CORPORATION COM STK
VOLC
| $12.6M | 0.03% |
714,242
+462,008
| +183% | +$8.41M |
|
|
GRMN
708
Garmin
GRMN
$57.4B
| $12.6M | 0.03% |
+206,486
| New | +$11.9M |
|
709
H&R Block
HRB
$5.61B
| $12.5M | 0.03% |
374,289
-1,052,493
| -74% | -$31.3M |
|
|
DD
710
DELISTED
Du Pont De Nemours E I
DD
| $12.5M | 0.03% |
201,847
+119,327
| +145% | +$7.67M |
|
711
Illumina
ILMN
$31B
| $12.5M | 0.03% |
72,057
-735,965
| -91% | -$110M |
|
712
Vanguard Short-Term Bond ETF
BSV
$44.7B
| $12.5M | 0.03% |
155,361
+6,795
| +5% | +$545K |
|
713
RPC Inc
RES
$1.2B
| $12.5M | 0.03% |
531,022
+353,738
| +200% | +$7.77M |
|
|
OVTI
714
DELISTED
OMNIVISION TECHNOLOGIES INC
OVTI
| $12.5M | 0.03% |
567,070
+126,202
| +29% | +$2.57M |
|
|
GLOG
715
DELISTED
GASLOG LTD
GLOG
| $12.4M | 0.03% |
388,796
+60,364
| +18% | +$1.58M |
|
716
Johnson & Johnson
JNJ
$617B
| $12.4M | 0.03% |
118,464
+90,183
| +319% | +$9.12M |
|
|
BRP
717
DELISTED
BROOKFIELD RESIDENTIAL PROPERTIES INC
BRP
| $12.4M | 0.03% |
596,516
+558,316
| +1,462% | +$11.3M |
|
718
Hexcel
HXL
$7.78B
| $12.3M | 0.03% |
300,927
+177,484
| +144% | +$7.38M |
|
719
Annaly Capital Management
NLY
$17.4B
| $12.3M | 0.03% |
+268,901
| New | +$12.4M |
|
|
CBST
720
DELISTED
CUBIST PHARMACEUTICALS INC
CBST
| $12.3M | 0.03% |
175,534
+165,749
| +1,694% | +$11.3M |
|
|
PINC
721
DELISTED
Premier
PINC
| $12.2M | 0.03% |
421,965
+354,639
| +527% | +$10.6M |
|
|
XEC
722
PUT
DELISTED
CIMAREX ENERGY CO
XEC
| $12.2M | 0.03% |
+85,200
| New | +$10.8M |
|
|
WP
723
DELISTED
Worldpay, Inc.
WP
| $12.2M | 0.03% |
+362,980
| New | +$11.2M |
|
724
Reinsurance Group of America
RGA
$15.6B
| $12.2M | 0.03% |
+154,270
| New | +$12M |
|
|
X
725
CALL
DELISTED
US Steel
X
| $12.2M | 0.03% |
467,000
+207,000
| +80% | +$5.29M |
|
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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.