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 | |
|---|---|---|---|---|---|---|
2026
Maximus
MMS
$3.31B
| $1.3M | ﹤0.01% |
30,206
-222,722
| -88% | -$9.57M |
|
2027
Eagle Bancorp
EGBN
$866M
| $1.3M | ﹤0.01% |
+38,474
| New | +$1.29M |
|
2028
Comfort Systems
FIX
$57.2B
| $1.3M | ﹤0.01% |
81,999
-145,591
| -64% | -$2.28M |
|
|
DCM
2029
DELISTED
NTT DOCOMO, Inc.
DCM
| $1.29M | ﹤0.01% |
75,548
+17,832
| +31% | +$290K |
|
2030
Bright Horizons
BFAM
$4.24B
| $1.29M | ﹤0.01% |
+30,035
| New | +$1.22M |
|
2031
New Oriental
EDU
$8.08B
| $1.29M | ﹤0.01% |
+48,543
| New | +$1.25M |
|
2032
Sixth Street Specialty
TSLX
$1.68B
| $1.29M | ﹤0.01% |
+59,077
| New | +$1.12M |
|
2033
Applied Industrial Technologies
AIT
$12.9B
| $1.29M | ﹤0.01% |
25,399
-10,612
| -29% | -$513K |
|
|
ALEX
2034
DELISTED
Alexander & Baldwin
ALEX
| $1.29M | ﹤0.01% |
+31,055
| New | +$1.22M |
|
2035
Extra Space Storage
EXR
$32.2B
| $1.28M | ﹤0.01% |
24,129
-4,459
| -16% | -$230K |
|
2036
PUT
Merck
MRK
$326B
| $1.28M | ﹤0.01% |
+23,266
| New | +$1.27M |
|
2037
Alnylam Pharmaceuticals
ALNY
$38.5B
| $1.28M | ﹤0.01% |
20,313
-107,042
| -84% | -$6.36M |
|
|
OME
2038
DELISTED
Omega Protein
OME
| $1.28M | ﹤0.01% |
93,624
+8,927
| +11% | +$117K |
|
|
IPHI
2039
DELISTED
INPHI CORPORATION
IPHI
| $1.28M | ﹤0.01% |
87,134
-6,113
| -7% | -$91.9K |
|
|
POM
2040
DELISTED
PEPCO HOLDINGS, INC.
POM
| $1.28M | ﹤0.01% |
46,450
-70,617
| -60% | -$1.8M |
|
2041
PUT
Factset
FDS
$10.1B
| $1.27M | ﹤0.01% |
10,600
+5,000
| +89% | +$543K |
|
|
ARIA
2042
CALL
DELISTED
Ariad Pharmaceuticals Inc
ARIA
| $1.27M | ﹤0.01% |
+200,000
| New | +$1.38M |
|
2043
Acadia Realty Trust
AKR
$2.96B
| $1.27M | ﹤0.01% |
45,207
-93,320
| -67% | -$2.56M |
|
|
BRSL
2044
PUT
Brightstar Lottery PLC
BRSL
$1.92B
| $1.27M | ﹤0.01% |
+79,700
| New | +$1.08M |
|
2045
Regional Management Corp
RM
$392M
| $1.27M | ﹤0.01% |
81,974
+53,520
| +188% | +$918K |
|
2046
Acacia Research
ACTG
$447M
| $1.27M | ﹤0.01% |
71,339
-111,473
| -61% | -$1.81M |
|
|
CMO
2047
DELISTED
Capstead Mortgage Corp.
CMO
| $1.27M | ﹤0.01% |
96,250
+79,050
| +460% | +$1.03M |
|
2048
Commercial Metals
CMC
$7.8B
| $1.26M | ﹤0.01% |
73,000
-229,330
| -76% | -$4.26M |
|
|
NOR
2049
DELISTED
NORANDA ALUM HLDG CORP COM NEW
NOR
| $1.26M | ﹤0.01% |
51,136
+19,835
| +63% | +$496K |
|
|
CSFL
2050
DELISTED
CenterState Bank Corporation Common Stock
CSFL
| $1.26M | ﹤0.01% |
112,734
+93,625
| +490% | +$1.02M |
|
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.