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 | |
|---|---|---|---|---|---|---|
1951
Karyopharm Therapeutics
KPTI
$161M
| $1.49M | ﹤0.01% |
+2,127
| New | +$990K |
|
|
DOOR
1952
DELISTED
MASONITE INTERNATIONAL CORP
DOOR
| $1.48M | ﹤0.01% |
26,339
+19,299
| +274% | +$1.05M |
|
|
SCAI
1953
DELISTED
Surgical Care Affiliates, Inc.
SCAI
| $1.48M | ﹤0.01% |
50,907
+11,167
| +28% | +$326K |
|
|
CAI
1954
DELISTED
CAI International, Inc.
CAI
| $1.48M | ﹤0.01% |
+67,197
| New | +$1.51M |
|
|
QLGC
1955
DELISTED
QLOGIC CORP
QLGC
| $1.48M | ﹤0.01% |
146,628
+48,928
| +50% | +$525K |
|
|
LUMO
1956
DELISTED
Lumos Pharma, Inc. Common Stock
LUMO
| $1.48M | ﹤0.01% |
+6,180
| New | +$1.26M |
|
1957
Cousins Properties
CUZ
$5.22B
| $1.47M | ﹤0.01% |
41,833
-303,583
| -88% | -$10.2M |
|
1958
AMERISAFE
AMSF
$573M
| $1.47M | ﹤0.01% |
36,120
+21,065
| +140% | +$839K |
|
|
FIO
1959
CALL
DELISTED
FUSION-IO INC COM
FIO
| $1.47M | ﹤0.01% |
+130,000
| New | +$1.21M |
|
|
QCOR
1960
DELISTED
QUESTCOR PHARMA INC
QCOR
| $1.47M | ﹤0.01% |
15,840
-371,100
| -96% | -$31.8M |
|
|
ADT
1961
CALL
DELISTED
ADT Corp
ADT
| $1.46M | ﹤0.01% |
41,900
-51,800
| -55% | -$1.66M |
|
1962
New Mountain Finance
NMFC
$668M
| $1.46M | ﹤0.01% |
98,333
+51,974
| +112% | +$745K |
|
|
TROVW
1963
DELISTED
TrovaGene, Inc. Warrant
TROVW
| $1.45M | ﹤0.01% |
535,886
-1,500
| -0.3% | -$5.01K |
|
|
CQB
1964
DELISTED
CHIQUITA BRANDS INTL (NEW)
CQB
| $1.45M | ﹤0.01% |
133,676
-46,924
| -26% | -$522K |
|
|
SAEX
1965
DELISTED
SAExploration Holdings, Inc.
SAEX
| $1.45M | ﹤0.01% |
63
| – | – |
|
|
CBI
1966
CALL
DELISTED
Chicago Bridge & Iron Nv
CBI
| $1.45M | ﹤0.01% |
21,200
+11,900
| +128% | +$946K |
|
1967
Ingredion
INGR
$6.48B
| $1.45M | ﹤0.01% |
19,263
+778
| +4% | +$56.6K |
|
|
CCIH
1968
DELISTED
Chinacache International Holdings Ltd
CCIH
| $1.44M | ﹤0.01% |
92,130
+31,056
| +51% | +$474K |
|
1969
NatWest
NWG
$70.6B
| $1.44M | ﹤0.01% |
+118,317
| New | +$1.39M |
|
|
MXWL
1970
DELISTED
Maxwell Technologies Inc
MXWL
| $1.44M | ﹤0.01% |
95,107
-33,587
| -26% | -$528K |
|
|
GOOD
1971
Gladstone Commercial Corp
GOOD
$627M
| $1.44M | ﹤0.01% |
80,341
+35,796
| +80% | +$628K |
|
1972
PUT
iShares MSCI Brazil ETF
EWZ
$9.13B
| $1.43M | ﹤0.01% |
+30,000
| New | +$1.44M |
|
1973
Oaktree Specialty Lending
OCSL
$1.06B
| $1.43M | ﹤0.01% |
48,485
-19,235
| -28% | -$542K |
|
1974
uniQure
QURE
$2.52B
| $1.43M | ﹤0.01% |
105,242
-69,001
| -40% | -$751K |
|
1975
Customers Bancorp
CUBI
$2.69B
| $1.43M | ﹤0.01% |
71,430
+6,051
| +9% | +$120K |
|
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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.