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 | |
|---|---|---|---|---|---|---|
1026
Mettler-Toledo International
MTD
$27.9B
| $6.63M | 0.02% |
26,203
-81,679
| -76% | -$19.6M |
|
|
LTC
1027
LTC Properties
LTC
$2.06B
| $6.63M | 0.02% |
169,759
+107,284
| +172% | +$4.18M |
|
1028
Tandem Diabetes Care
TNDM
$1.3B
| $6.63M | 0.02% |
40,750
-688
| -2% | -$117K |
|
|
MOVE
1029
DELISTED
MOVE INC COM STK NEW (DE)
MOVE
| $6.63M | 0.02% |
447,964
+127,302
| +40% | +$1.54M |
|
1030
CALL
Booking.com
BKNG
$150B
| $6.62M | 0.02% |
137,500
+127,500
| +1,275% | +$6.12M |
|
1031
Invesco Mortgage Capital
IVR
$759M
| $6.57M | 0.02% |
37,844
+21,246
| +128% | +$3.64M |
|
|
NUAN
1032
DELISTED
Nuance Communications, Inc.
NUAN
| $6.53M | 0.02% |
401,700
+285,738
| +246% | +$4.14M |
|
1033
Nu Skin
NUS
$254M
| $6.51M | 0.02% |
+88,022
| New | +$6.94M |
|
|
UPL
1034
DELISTED
Ultra Petroleum Corp. Common Stock
UPL
| $6.51M | 0.02% |
219,177
-1,625,986
| -88% | -$46.2M |
|
|
XCO
1035
PUT
DELISTED
Exco Resources
XCO
| $6.5M | 0.02% |
+73,613
| New | +$6.25M |
|
|
EMES
1036
PUT
DELISTED
Emerge Energy Services LP
EMES
| $6.5M | 0.02% |
+61,400
| New | +$5.32M |
|
|
FTR
1037
DELISTED
Frontier Communications Corp.
FTR
| $6.49M | 0.02% |
74,104
+68,548
| +1,234% | +$5.93M |
|
|
MRO
1038
CALL
DELISTED
Marathon Oil Corporation
MRO
| $6.48M | 0.02% |
162,400
-5,100
| -3% | -$188K |
|
1039
Upbound Group
UPBD
$1.17B
| $6.48M | 0.02% |
225,841
+215,839
| +2,158% | +$6.1M |
|
1040
Rigel Pharmaceuticals
RIGL
$704M
| $6.46M | 0.02% |
178,092
-48,436
| -21% | -$1.65M |
|
1041
Sarepta Therapeutics
SRPT
$1.64B
| $6.46M | 0.02% |
217,017
+196,357
| +950% | +$6.21M |
|
|
PVA
1042
CALL
DELISTED
PENN VIRGINIA CORP
PVA
| $6.46M | 0.02% |
+381,300
| New | +$6.05M |
|
|
TSRO
1043
DELISTED
TESARO, Inc.
TSRO
| $6.46M | 0.02% |
207,636
-286,780
| -58% | -$7.64M |
|
1044
Brunswick
BC
$5.18B
| $6.46M | 0.02% |
+153,316
| New | +$6.47M |
|
|
CKEC
1045
DELISTED
Carmike Cinemas Inc
CKEC
| $6.46M | 0.02% |
183,798
+144,018
| +362% | +$4.68M |
|
1046
TC Energy
TRP
$70.9B
| $6.45M | 0.02% |
135,075
+115,660
| +596% | +$5.4M |
|
1047
MSCI
MSCI
$41.9B
| $6.43M | 0.02% |
140,283
-118,668
| -46% | -$5.11M |
|
1048
America Movil
AMX
$76B
| $6.43M | 0.02% |
309,853
+31,616
| +11% | +$633K |
|
|
WBA
1049
CALL
DELISTED
Walgreens Boots Alliance
WBA
| $6.43M | 0.02% |
+86,700
| New | +$6.06M |
|
1050
AMC Global Media
AMCX
$427M
| $6.42M | 0.02% |
104,464
+69,464
| +198% | +$4.44M |
|
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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.