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 | |
|---|---|---|---|---|---|---|
2101
Banco Bilbao Vizcaya Argentaria
BBVA
$147B
| $1.17M | ﹤0.01% |
96,147
-38,564
| -29% | -$463K |
|
2102
Vanguard S&P 500 ETF
VOO
$971B
| $1.17M | ﹤0.01% |
6,506
+5,177
| +390% | +$902K |
|
|
NOAH
2103
Noah Holdings
NOAH
$594M
| $1.17M | ﹤0.01% |
82,484
-15,364
| -16% | -$210K |
|
|
SCS
2104
DELISTED
Steelcase
SCS
| $1.16M | ﹤0.01% |
76,901
-269,918
| -78% | -$4.45M |
|
2105
Rambus
RMBS
$9.49B
| $1.16M | ﹤0.01% |
81,034
-223,984
| -73% | -$2.77M |
|
2106
PUT
Williams Companies
WMB
$85.8B
| $1.16M | ﹤0.01% |
19,900
+1,100
| +6% | +$51K |
|
2107
iShares Preferred and Income Securities ETF
PFF
$13.2B
| $1.16M | ﹤0.01% |
28,987
-9,134
| -24% | -$360K |
|
2108
CALL
Lamar Advertising Co
LAMR
$16.5B
| $1.16M | ﹤0.01% |
21,800
-79,800
| -79% | -$4.03M |
|
|
AEC
2109
DELISTED
ASSOCIATED ESTATES REALTY CORP
AEC
| $1.16M | ﹤0.01% |
64,121
-97,296
| -60% | -$1.68M |
|
|
SMA
2110
DELISTED
SYMMETRY MEDICAL INC
SMA
| $1.16M | ﹤0.01% |
130,409
+43,219
| +50% | +$377K |
|
2111
MiMedx Group
MDXG
$649M
| $1.15M | ﹤0.01% |
162,779
+22,852
| +16% | +$134K |
|
2112
Community Trust Bancorp
CTBI
$1.42B
| $1.15M | ﹤0.01% |
33,618
+24,551
| +271% | +$850K |
|
2113
Apogee Enterprises
APOG
$873M
| $1.15M | ﹤0.01% |
32,888
+12,359
| +60% | +$385K |
|
|
PKY
2114
DELISTED
Parkway, Inc.
PKY
| $1.15M | ﹤0.01% |
55,444
+37,052
| +201% | +$719K |
|
|
CRAY
2115
DELISTED
Cray, Inc.
CRAY
| $1.14M | ﹤0.01% |
43,022
-56,439
| -57% | -$1.63M |
|
2116
H.B. Fuller
FUL
$3.07B
| $1.14M | ﹤0.01% |
23,755
-53,342
| -69% | -$2.55M |
|
|
MRO
2117
PUT
DELISTED
Marathon Oil Corporation
MRO
| $1.14M | ﹤0.01% |
28,600
-73,400
| -72% | -$2.71M |
|
|
VMW
2118
CALL
DELISTED
VMware, Inc
VMW
| $1.14M | ﹤0.01% |
11,800
-100,400
| -89% | -$9.76M |
|
|
CBL
2119
DELISTED
CBL& Associates Properties, Inc.
CBL
| $1.14M | ﹤0.01% |
60,072
-922,580
| -94% | -$17M |
|
|
IDTI
2120
DELISTED
Integrated Device Technology I
IDTI
| $1.14M | ﹤0.01% |
73,706
-391,467
| -84% | -$5.03M |
|
2121
Manulife Financial
MFC
$74.2B
| $1.14M | ﹤0.01% |
57,140
-113,793
| -67% | -$2.15M |
|
|
AUO
2122
DELISTED
AU Optronics Corp
AUO
| $1.14M | ﹤0.01% |
270,787
+45,904
| +20% | +$175K |
|
2123
Koppers
KOP
$965M
| $1.13M | ﹤0.01% |
29,542
-4,647
| -14% | -$182K |
|
|
FIO
2124
DELISTED
FUSION-IO INC COM
FIO
| $1.13M | ﹤0.01% |
+100,000
| New | +$928K |
|
2125
CALL
TJX Companies
TJX
$178B
| $1.13M | ﹤0.01% |
+42,400
| New | +$1.21M |
|
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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.