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 | |
|---|---|---|---|---|---|---|
|
ARGO
1051
DELISTED
Argo Group International Holdings, Ltd.
ARGO
| $6.42M | 0.02% |
174,679
-253,778
| -59% | -$8.64M |
|
1052
Check Point Software Technologies
CHKP
$14.3B
| $6.41M | 0.02% |
95,654
+64,154
| +204% | +$4.22M |
|
1053
iShares US Home Construction ETF
ITB
$2.32B
| $6.4M | 0.02% |
258,100
+240,548
| +1,370% | +$5.74M |
|
1054
Goodyear
GT
$2.09B
| $6.39M | 0.02% |
229,865
-534,172
| -70% | -$13.9M |
|
|
SHPG
1055
PUT
DELISTED
Shire pic
SHPG
| $6.38M | 0.02% |
+27,100
| New | +$4.71M |
|
|
HSNI
1056
DELISTED
HSN, Inc.
HSNI
| $6.38M | 0.02% |
107,687
-19,968
| -16% | -$1.13M |
|
1057
Newell Brands
NWL
$2.21B
| $6.34M | 0.02% |
204,498
-2,716,969
| -93% | -$81.3M |
|
1058
GameStop
GME
$9.8B
| $6.31M | 0.02% |
623,384
+588,180
| +1,671% | +$5.76M |
|
1059
CALL
Insmed
INSM
$22.4B
| $6.3M | 0.02% |
315,100
-170,500
| -35% | -$2.52M |
|
|
VGR
1060
DELISTED
Vector Group Ltd.
VGR
| $6.29M | 0.02% |
574,677
+293,543
| +104% | +$3.22M |
|
1061
lululemon athletica
LULU
$13.5B
| $6.29M | 0.02% |
155,372
-13,466
| -8% | -$614K |
|
|
NPSP
1062
PUT
DELISTED
NPS PHARMACEUTICALS INC
NPSP
| $6.28M | 0.02% |
+190,100
| New | +$5.49M |
|
1063
UDR
UDR
$12.8B
| $6.27M | 0.02% |
219,050
-424,144
| -66% | -$11.4M |
|
|
AL
1064
DELISTED
Air Lease Corp
AL
| $6.25M | 0.02% |
162,121
-61,542
| -28% | -$2.36M |
|
1065
Kratos Defense & Security Solutions
KTOS
$8.23B
| $6.25M | 0.02% |
801,474
-110,738
| -12% | -$860K |
|
|
JASO
1066
DELISTED
JA Solar Holdings, Co., Ltd
JASO
| $6.25M | 0.02% |
575,151
+510,555
| +790% | +$5.17M |
|
1067
Lincoln Electric
LECO
$14.1B
| $6.24M | 0.02% |
89,353
+60,398
| +209% | +$4.1M |
|
1068
St. Joe Company
JOE
$3.55B
| $6.24M | 0.02% |
+245,283
| New | +$5.27M |
|
|
FNBC
1069
DELISTED
First NBC Bank Holding Company
FNBC
| $6.23M | 0.02% |
185,995
-220,954
| -54% | -$7.23M |
|
|
UMPQ
1070
DELISTED
Umpqua Holdings Corp
UMPQ
| $6.23M | 0.02% |
347,703
+51,742
| +17% | +$899K |
|
|
PMC
1071
DELISTED
PharMerica Corporation
PMC
| $6.22M | 0.02% |
217,721
+137,018
| +170% | +$3.81M |
|
1072
Agnico Eagle Mines
AEM
$72.2B
| $6.22M | 0.02% |
162,367
-536,034
| -77% | -$17.1M |
|
1073
Stewart Information Services
STC
$2.14B
| $6.22M | 0.02% |
+200,517
| New | +$6.41M |
|
1074
The Greenbrier Companies
GBX
$1.57B
| $6.21M | 0.02% |
107,815
+42,551
| +65% | +$2.22M |
|
1075
PUT
Best Buy
BBY
$19B
| $6.17M | 0.02% |
199,100
-167,000
| -46% | -$4.5M |
|
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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.