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 | |
|---|---|---|---|---|---|---|
|
SRC
101
DELISTED
SPIRIT REALTY CAPITAL, INC.
SRC
| $65.4M | 0.18% |
1,284,160
+164,712
| +15% | +$8.18M |
|
102
Reliance Steel & Aluminium
RS
$20.7B
| $65.3M | 0.18% |
885,541
+24,768
| +3% | +$1.78M |
|
|
ATW
103
DELISTED
Atwood Oceanics
ATW
| $64.4M | 0.18% |
1,226,736
-81,961
| -6% | -$4.04M |
|
104
Adobe
ADBE
$99.5B
| $63.9M | 0.18% |
883,152
+304,978
| +53% | +$19.7M |
|
105
DuPont de Nemours
DD
$18.5B
| $63.6M | 0.18% |
487,794
+63,512
| +15% | +$8.09M |
|
106
Ashland
ASH
$3.33B
| $62.7M | 0.17% |
1,177,953
+638,725
| +118% | +$31.9M |
|
|
AGN
107
DELISTED
Allergan plc
AGN
| $62.3M | 0.17% |
279,334
-686,048
| -71% | -$142M |
|
108
Procter & Gamble
PG
$336B
| $62.2M | 0.17% |
791,523
+718,905
| +990% | +$58M |
|
|
PARA
109
PUT
DELISTED
Paramount Global Class B
PARA
| $62.1M | 0.17% |
+1,000,000
| New | +$59.5M |
|
110
Hartford Financial Services
HIG
$38.9B
| $62M | 0.17% |
1,732,709
+1,465,146
| +548% | +$51.6M |
|
111
Aptiv
APTV
$12B
| $62M | 0.17% |
902,147
+738,010
| +450% | +$50.1M |
|
112
Universal Health Services
UHS
$10.2B
| $61.5M | 0.17% |
642,600
-269,497
| -30% | -$23.3M |
|
|
RAI
113
DELISTED
Reynolds American Inc
RAI
| $61.2M | 0.17% |
2,029,624
-217,930
| -10% | -$6.25M |
|
|
DYN
114
DELISTED
Dynegy, Inc.
DYN
| $61M | 0.17% |
1,752,596
+215,959
| +14% | +$6.67M |
|
115
Broadcom
AVGO
$1.85T
| $60.5M | 0.17% |
8,397,330
+6,433,400
| +328% | +$43.2M |
|
116
Range Resources
RRC
$9.38B
| $57.7M | 0.16% |
663,165
+397,561
| +150% | +$35.6M |
|
117
Hershey
HSY
$35.2B
| $57.2M | 0.16% |
587,511
+247,510
| +73% | +$24.3M |
|
118
Motorola Solutions
MSI
$72.3B
| $57.1M | 0.16% |
857,343
+792,182
| +1,216% | +$52.1M |
|
119
Honeywell
HON
$77B
| $55.7M | 0.15% |
667,133
-104,539
| -14% | -$8.74M |
|
|
MHR
120
DELISTED
MAGNUM HUNTER RESOURCES CORP (DEL)
MHR
| $55.6M | 0.15% |
6,779,602
+739,660
| +12% | +$6.02M |
|
121
Liberty Global Class A
LBTYA
$3.62B
| $54.9M | 0.15% |
1,505,993
+874,783
| +139% | +$30.7M |
|
122
Forum Energy Technologies
FET
$708M
| $54.7M | 0.15% |
75,139
+40,169
| +115% | +$26.2M |
|
|
TWX
123
DELISTED
Time Warner Inc
TWX
| $54.4M | 0.15% |
774,179
+595,689
| +334% | +$39.2M |
|
|
TFCFA
124
DELISTED
Twenty-First Century Fox, Inc. Class A
TFCFA
| $54M | 0.15% |
1,534,903
+428,102
| +39% | +$14.6M |
|
|
EPB
125
CALL
DELISTED
EL PASO PIPELINE PARTNERS, L.P. COM UNITS REPSTG LTD PART
EPB
| $53.6M | 0.15% |
1,478,400
+754,000
| +104% | +$25.2M |
|
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.