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 | |
|---|---|---|---|---|---|---|
926
Cheniere Energy
CQP
$31.5B
| $8.21M | 0.02% |
+248,500
| New | +$8.11M |
|
|
CSG
927
DELISTED
CHAMBERS STR PPTYS COM
CSG
| $8.2M | 0.02% |
1,020,024
-1,163,172
| -53% | -$9.14M |
|
928
Kirby Corp
KEX
$7.08B
| $8.18M | 0.02% |
69,805
+19,199
| +38% | +$2.06M |
|
929
Lockheed Martin
LMT
$132B
| $8.17M | 0.02% |
50,843
-103,261
| -67% | -$16.8M |
|
930
M/I Homes
MHO
$3.87B
| $8.16M | 0.02% |
336,153
-129,924
| -28% | -$2.96M |
|
|
MTGE
931
DELISTED
MTGE Investment Corp. Common Stock
MTGE
| $8.15M | 0.02% |
407,277
-688,154
| -63% | -$13.7M |
|
932
CALL
Arrowhead Research
ARWR
$12.3B
| $8.12M | 0.02% |
567,200
+417,200
| +278% | +$5.47M |
|
|
SNI
933
DELISTED
Scripps Networks Interactive, Inc Common Class A
SNI
| $8.11M | 0.02% |
99,996
-163,873
| -62% | -$12.5M |
|
|
PDCE
934
CALL
DELISTED
PDC Energy, Inc.
PDCE
| $8.1M | 0.02% |
+128,200
| New | +$8.05M |
|
|
935
Verizon
VZ
$193B
| $8.09M | 0.02% |
165,390
-3,981,186
| -96% | -$193M |
|
|
STRZA
936
DELISTED
Starz - Series A
STRZA
| $8.09M | 0.02% |
271,562
+226,142
| +498% | +$6.9M |
|
937
Cabot Corp
CBT
$4.55B
| $8.09M | 0.02% |
139,424
+121,873
| +694% | +$7.1M |
|
|
ENLC
938
DELISTED
ENLINK MIDSTREAM, LLC
ENLC
| $8.06M | 0.02% |
193,525
+92,687
| +92% | +$3.54M |
|
939
A.O. Smith
AOS
$8.24B
| $8.06M | 0.02% |
325,054
-206,784
| -39% | -$4.97M |
|
940
PENN Entertainment
PENN
$2.75B
| $8.04M | 0.02% |
662,674
-150,113
| -18% | -$1.77M |
|
|
CVG
941
DELISTED
Convergys
CVG
| $8.02M | 0.02% |
+374,057
| New | +$8.12M |
|
942
Ericsson
ERIC
$32.1B
| $8.02M | 0.02% |
663,518
-208,502
| -24% | -$2.6M |
|
943
Flotek Industries
FTK
$847M
| $8.01M | 0.02% |
41,502
+38,697
| +1,380% | +$6.79M |
|
|
VMW
944
PUT
DELISTED
VMware, Inc
VMW
| $8.01M | 0.02% |
82,700
-700
| -0.8% | -$68.1K |
|
|
945
Estee Lauder
EL
$30.7B
| $7.99M | 0.02% |
107,644
-1,843,187
| -94% | -$135M |
|
946
PUT
Genworth Financial
GNW
$3.81B
| $7.99M | 0.02% |
+459,400
| New | +$8.03M |
|
|
AHT
947
Ashford Hospitality Trust
AHT
$20.9M
| $7.99M | 0.02% |
742
+524
| +240% | +$5.2M |
|
948
Essex Property Trust
ESS
$18.1B
| $7.95M | 0.02% |
42,980
+9,480
| +28% | +$1.68M |
|
949
First Financial Bancorp
FFBC
$3.55B
| $7.92M | 0.02% |
459,894
-81,611
| -15% | -$1.36M |
|
|
DO
950
DELISTED
Diamond Offshore Drilling
DO
| $7.9M | 0.02% |
159,146
+118,261
| +289% | +$5.89M |
|
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.