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 | |
|---|---|---|---|---|---|---|
1876
Onto Innovation
ONTO
$12B
| $1.71M | ﹤0.01% |
93,602
-15,524
| -14% | -$263K |
|
1877
Equity Lifestyle Properties
ELS
$12.8B
| $1.7M | ﹤0.01% |
77,184
-1,530,366
| -95% | -$32.7M |
|
|
IM
1878
DELISTED
Ingram Micro
IM
| $1.7M | ﹤0.01% |
58,282
-321,173
| -85% | -$9.02M |
|
1879
Avista
AVA
$3.46B
| $1.7M | ﹤0.01% |
+50,731
| New | +$1.61M |
|
1880
Azenta
AZTA
$1.33B
| $1.7M | ﹤0.01% |
157,884
+122,362
| +344% | +$1.23M |
|
|
STML
1881
DELISTED
Stemline Therapeutics, Inc.
STML
| $1.7M | ﹤0.01% |
115,835
+29,344
| +34% | +$450K |
|
|
KNGT
1882
DELISTED
KNIGHT TRANSPORTATION INC
KNGT
| $1.69M | ﹤0.01% |
+71,148
| New | +$1.69M |
|
1883
CALL
Adobe
ADBE
$99B
| $1.69M | ﹤0.01% |
23,300
+4,200
| +22% | +$271K |
|
1884
Caleres
CAL
$447M
| $1.68M | ﹤0.01% |
58,848
-40,939
| -41% | -$1.07M |
|
|
AVX
1885
DELISTED
AVX Corporation
AVX
| $1.68M | ﹤0.01% |
126,696
+8,447
| +7% | +$112K |
|
1886
PUT
Ulta Beauty
ULTA
$21.6B
| $1.68M | ﹤0.01% |
18,400
-4,600
| -20% | -$414K |
|
1887
Encompass Health
EHC
$11.5B
| $1.68M | ﹤0.01% |
58,731
+30,630
| +109% | +$854K |
|
|
FPRX
1888
DELISTED
Five Prime Therapeutics, Inc.
FPRX
| $1.68M | ﹤0.01% |
107,699
-199,783
| -65% | -$2.87M |
|
|
IRC
1889
DELISTED
INLAND REAL ESTATE CORP
IRC
| $1.67M | ﹤0.01% |
157,476
-887,393
| -85% | -$9.34M |
|
1890
Telefônica Brasil
VIV
$21B
| $1.67M | ﹤0.01% |
81,466
-543,679
| -87% | -$11.2M |
|
|
FPO
1891
DELISTED
First Potomac Realty Trust
FPO
| $1.66M | ﹤0.01% |
126,439
+56,518
| +81% | +$736K |
|
1892
Capitol Federal Financial
CFFN
$1.09B
| $1.66M | ﹤0.01% |
+136,151
| New | +$1.66M |
|
1893
ArcelorMittal
MT
$50.7B
| $1.65M | ﹤0.01% |
48,439
+24,559
| +103% | +$883K |
|
1894
Grupo Aeroportuario del Sureste
ASR
$8.14B
| $1.65M | ﹤0.01% |
+12,999
| New | +$1.65M |
|
1895
PUT
Cirrus Logic
CRUS
$6.87B
| $1.64M | ﹤0.01% |
+72,200
| New | +$1.58M |
|
|
CGI
1896
DELISTED
Celadon Group Inc
CGI
| $1.64M | ﹤0.01% |
77,025
+67,435
| +703% | +$1.52M |
|
1897
Employers Holdings
EIG
$912M
| $1.64M | ﹤0.01% |
77,332
-17,996
| -19% | -$376K |
|
|
ACSF
1898
DELISTED
American Capital Senior Floating, Ltd.
ACSF
| $1.64M | ﹤0.01% |
116,915
+29,032
| +33% | +$398K |
|
1899
Innospec
IOSP
$2.12B
| $1.64M | ﹤0.01% |
37,901
+1,830
| +5% | +$78.9K |
|
1900
CALL
lululemon athletica
LULU
$13.7B
| $1.64M | ﹤0.01% |
40,400
+29,900
| +285% | +$1.36M |
|
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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.