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 | |
|---|---|---|---|---|---|---|
1076
WisdomTree
WT
$2.79B
| $6.17M | 0.02% |
499,552
-199,606
| -29% | -$2.26M |
|
|
OPB
1077
DELISTED
Opus Bank Common Stock
OPB
| $6.16M | 0.02% |
+211,985
| New | +$6.35M |
|
|
DNY
1078
DELISTED
DONNELLEY R R & SONS CO
DNY
| $6.15M | 0.02% |
362,469
-379,859
| -51% | -$6.44M |
|
|
BRFS
1079
DELISTED
BRF SA
BRFS
| $6.13M | 0.02% |
252,293
-162,853
| -39% | -$3.68M |
|
1080
Centene
CNC
$30.5B
| $6.13M | 0.02% |
324,288
-340,168
| -51% | -$5.85M |
|
1081
CALL
Coca-Cola
KO
$383B
| $6.13M | 0.02% |
+144,600
| New | +$5.87M |
|
|
MENT
1082
DELISTED
Mentor Graphics Corp
MENT
| $6.12M | 0.02% |
283,665
+231,224
| +441% | +$4.87M |
|
1083
Globalstar
GSAT
$10.1B
| $6.12M | 0.02% |
+95,934
| New | +$4.92M |
|
1084
National Grid
NGG
$79.3B
| $6.11M | 0.02% |
+85,080
| New | +$5.89M |
|
1085
Albemarle
ALB
$13.4B
| $6.08M | 0.02% |
85,051
-313,501
| -79% | -$21.5M |
|
1086
Neurocrine Biosciences
NBIX
$18.2B
| $6.07M | 0.02% |
+408,941
| New | +$5.77M |
|
|
BLOX
1087
DELISTED
Infoblox Inc
BLOX
| $6.06M | 0.02% |
460,573
-49,770
| -10% | -$852K |
|
|
BCR
1088
PUT
DELISTED
CR Bard Inc.
BCR
| $6.04M | 0.02% |
42,200
+38,500
| +1,041% | +$5.5M |
|
1089
Dentsply Sirona
XRAY
$2.84B
| $6.02M | 0.02% |
127,050
-58,849
| -32% | -$2.74M |
|
|
CY
1090
DELISTED
Cypress Semiconductor
CY
| $6.01M | 0.02% |
550,740
-160,727
| -23% | -$1.63M |
|
1091
Smith & Nephew
SNN
$13.7B
| $6M | 0.02% |
168,150
+139,347
| +484% | +$4.56M |
|
|
LVNTA
1092
DELISTED
Liberty Interactive Corporation Series A Liberty Ventures
LVNTA
| $6M | 0.02% |
165,551
+158,575
| +2,273% | +$4.99M |
|
|
INFI
1093
DELISTED
Infinity Pharmaceuticals, Inc.
INFI
| $6M | 0.02% |
471,054
-10,976
| -2% | -$114K |
|
1094
CALL
Bath & Body Works
BBWI
$3.97B
| $6M | 0.02% |
126,421
-305,663
| -71% | -$14M |
|
|
MPT
1095
Medical Properties Trust
MPT
$2.84B
| $5.99M | 0.02% |
452,180
+388,072
| +605% | +$5.15M |
|
|
ILG
1096
DELISTED
ILG, Inc Common Stock
ILG
| $5.98M | 0.02% |
272,589
+158,462
| +139% | +$3.65M |
|
1097
CALL
Comcast
CMCSA
$87.3B
| $5.98M | 0.02% |
222,800
-108,800
| -33% | -$2.8M |
|
1098
Popular Inc
BPOP
$11B
| $5.98M | 0.02% |
174,825
-825,958
| -83% | -$25.5M |
|
|
RYL
1099
DELISTED
RYLAND GROUP INC
RYL
| $5.97M | 0.02% |
151,490
-120,742
| -44% | -$4.64M |
|
|
PWE
1100
DELISTED
Penn West Energy Petroleum Ltd
PWE
| $5.97M | 0.02% |
611,964
-929,201
| -60% | -$8.62M |
|
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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.