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 | |
|---|---|---|---|---|---|---|
1651
Main Street Capital
MAIN
$5.05B
| $2.37M | 0.01% |
+71,919
| New | +$2.26M |
|
1652
CALL
Amgen
AMGN
$209B
| $2.37M | 0.01% |
20,000
-130,900
| -87% | -$15.2M |
|
1653
American Homes 4 Rent
AMH
$12.1B
| $2.36M | 0.01% |
132,918
+121,017
| +1,017% | +$2.06M |
|
|
CPE
1654
DELISTED
Callon Petroleum Company
CPE
| $2.36M | 0.01% |
20,233
+1,021
| +5% | +$101K |
|
1655
AeroVironment
AVAV
$7.19B
| $2.36M | 0.01% |
74,074
+50,039
| +208% | +$1.7M |
|
1656
Orthofix Medical
OFIX
$492M
| $2.36M | 0.01% |
65,000
-6,016
| -8% | -$194K |
|
|
KNL
1657
DELISTED
Knoll, Inc.
KNL
| $2.34M | 0.01% |
+135,058
| New | +$2.38M |
|
|
HITT
1658
CALL
DELISTED
HITTITE MICROWAVE CORP
HITT
| $2.34M | 0.01% |
+30,000
| New | +$1.93M |
|
1659
Safety Insurance
SAFT
$1.51B
| $2.34M | 0.01% |
+45,498
| New | +$2.39M |
|
1660
ArcBest
ARCB
$3.15B
| $2.33M | 0.01% |
53,541
+4,622
| +9% | +$187K |
|
1661
Gold Fields
GFI
$28.8B
| $2.33M | 0.01% |
625,734
-1,411,018
| -69% | -$5.43M |
|
|
CHMT
1662
DELISTED
Chemtura Corporation
CHMT
| $2.32M | 0.01% |
88,667
-1,524,332
| -95% | -$37.6M |
|
|
SFUN
1663
DELISTED
Fang Holdings Limited American Depositary Shares (each representing ten Class A Ordinary Shares)
SFUN
| $2.31M | 0.01% |
4,717
+625
| +15% | +$366K |
|
|
MNTA
1664
PUT
DELISTED
Momenta Pharmaceuticals, Inc.
MNTA
| $2.3M | 0.01% |
+190,100
| New | +$2.25M |
|
|
NEWP
1665
DELISTED
NEWPORT CORP
NEWP
| $2.29M | 0.01% |
123,988
+17,801
| +17% | +$333K |
|
|
AFFX
1666
DELISTED
Affymetrix Inc
AFFX
| $2.29M | 0.01% |
257,276
-598,584
| -70% | -$4.76M |
|
1667
Rayonier
RYN
$6.67B
| $2.29M | 0.01% |
70,938
-292,647
| -80% | -$9.18M |
|
|
AMT.PRA
1668
DELISTED
American Tower Corporation
AMT.PRA
| $2.29M | 0.01% |
+21,503
| New | +$2.31M |
|
|
JONE
1669
DELISTED
Jones Energy, Inc.
JONE
| $2.29M | 0.01% |
+6,060
| New | +$1.87M |
|
|
HCR
1670
CALL
DELISTED
Hi-Crush Inc. Common Stock
HCR
| $2.28M | 0.01% |
+34,800
| New | +$1.62M |
|
1671
Harmony Gold Mining
HMY
$9.7B
| $2.28M | 0.01% |
767,333
-322,969
| -30% | -$973K |
|
1672
Cumberland Pharmaceuticals
CPIX
$99.8M
| $2.27M | 0.01% |
505,304
+221,160
| +78% | +$988K |
|
1673
Wipro
WIT
$19.5B
| $2.27M | 0.01% |
+1,020,240
| New | +$2.3M |
|
|
PKD
1674
DELISTED
Parker Drilling Company
PKD
| $2.27M | 0.01% |
23,231
-6,032
| -21% | -$598K |
|
|
IPHS
1675
DELISTED
Innophos Holdings, Inc.
IPHS
| $2.27M | 0.01% |
39,455
+30,887
| +360% | +$1.68M |
|
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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.