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 | |
|---|---|---|---|---|---|---|
1401
CALL
Ashland
ASH
$3.34B
| $3.59M | 0.01% |
+67,452
| New | +$3.36M |
|
1402
La-Z-Boy
LZB
$1.64B
| $3.58M | 0.01% |
154,696
+139,561
| +922% | +$3.45M |
|
|
SONC
1403
CALL
DELISTED
Sonic Corp
SONC
| $3.58M | 0.01% |
+162,000
| New | +$3.42M |
|
1404
Sumitomo Mitsui Financial
SMFG
$159B
| $3.58M | 0.01% |
422,034
+215,051
| +104% | +$1.77M |
|
|
PWRD
1405
DELISTED
PERFECT WORLD CO LTD SPONSORED ADR REPSTG CL B (CAYMAN ISL)
PWRD
| $3.57M | 0.01% |
182,093
+128,086
| +237% | +$2.38M |
|
1406
Comtech Telecommunications
CMTL
$49.7M
| $3.57M | 0.01% |
95,607
+31,317
| +49% | +$1.05M |
|
|
WW
1407
DELISTED
WW International
WW
| $3.56M | 0.01% |
176,640
+117,410
| +198% | +$2.51M |
|
|
INSY
1408
DELISTED
Insys Therapeutics, Inc.
INSY
| $3.56M | 0.01% |
228,092
+43,734
| +24% | +$707K |
|
1409
PUT
Johnson Controls International
JCI
$85.1B
| $3.56M | 0.01% |
+68,091
| New | +$3.39M |
|
|
EGLT
1410
DELISTED
Egalet Corporation
EGLT
| $3.54M | 0.01% |
270,056
+55,056
| +26% | +$689K |
|
1411
Old Republic International
ORI
$10.9B
| $3.54M | 0.01% |
213,841
+196,342
| +1,122% | +$3.28M |
|
|
FLY
1412
DELISTED
Fly Leasing Limited
FLY
| $3.53M | 0.01% |
243,859
-93,043
| -28% | -$1.32M |
|
1413
CALL
International Paper
IP
$22.6B
| $3.53M | 0.01% |
74,955
+35,443
| +90% | +$1.55M |
|
1414
CALL
iShares US Home Construction ETF
ITB
$2.32B
| $3.52M | 0.01% |
+141,800
| New | +$3.39M |
|
|
GOLD
1415
DELISTED
Randgold Resources Ltd
GOLD
| $3.52M | 0.01% |
42,174
-168,201
| -80% | -$12.9M |
|
1416
B&G Foods
BGS
$303M
| $3.51M | 0.01% |
107,492
+95,476
| +795% | +$3.13M |
|
1417
Allegion
ALLE
$13.5B
| $3.51M | 0.01% |
61,917
-57,168
| -48% | -$3.01M |
|
1418
CALL
Acadia Pharmaceuticals
ACAD
$4.51B
| $3.5M | 0.01% |
155,000
-3,100
| -2% | -$64.7K |
|
1419
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$15.9B
| $3.5M | 0.01% |
36,727
-31,645
| -46% | -$2.99M |
|
|
HAWK
1420
DELISTED
Blackhawk Network Holdings, Inc. Common Stock
HAWK
| $3.49M | 0.01% |
+129,965
| New | +$3.22M |
|
1421
SiriusXM
SIRI
$11B
| $3.49M | 0.01% |
100,832
-114,763
| -53% | -$3.73M |
|
|
IVC
1422
DELISTED
Invacare Corporation
IVC
| $3.49M | 0.01% |
189,794
+134,642
| +244% | +$2.29M |
|
1423
Wells Fargo
WFC
$254B
| $3.48M | 0.01% |
66,270
-229,838
| -78% | -$11.6M |
|
1424
Eldorado Gold
EGO
$8.33B
| $3.48M | 0.01% |
91,142
-47,956
| -34% | -$1.47M |
|
1425
Chevron
CVX
$382B
| $3.47M | 0.01% |
26,574
-127,754
| -83% | -$15.9M |
|
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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.