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 | |
|---|---|---|---|---|---|---|
2201
iShares Silver Trust
SLV
$27.6B
| $980K | ﹤0.01% |
48,400
-337,001
| -87% | -$6.37M |
|
|
CHSP
2202
DELISTED
Chesapeake Lodging Trust
CHSP
| $978K | ﹤0.01% |
32,356
-144,884
| -82% | -$4.09M |
|
|
MNR
2203
DELISTED
Monmouth Real Estate Investment Corp
MNR
| $978K | ﹤0.01% |
97,421
+27,030
| +38% | +$256K |
|
|
AGRX
2204
DELISTED
Agile Therapeutics
AGRX
| $975K | ﹤0.01% |
+56
| New | +$810K |
|
|
LIOX
2205
DELISTED
Lionbridge Technologies
LIOX
| $975K | ﹤0.01% |
164,099
+26,105
| +19% | +$153K |
|
2206
Wabash National
WNC
$541M
| $974K | ﹤0.01% |
68,368
-284,683
| -81% | -$3.9M |
|
|
TACO
2207
DELISTED
Del Taco Restaurants, Inc. Common Stock
TACO
| $974K | ﹤0.01% |
+100,000
| New | +$968K |
|
|
CYS
2208
DELISTED
CYS Investments Inc.
CYS
| $974K | ﹤0.01% |
107,966
+55,536
| +106% | +$490K |
|
2209
United States Oil Fund
USO
$2B
| $972K | ﹤0.01% |
+3,125
| New | +$938K |
|
2210
PUT
Synaptics
SYNA
$4.33B
| $970K | ﹤0.01% |
+10,700
| New | +$725K |
|
2211
Talphera
TLPH
$67.5M
| $967K | ﹤0.01% |
+4,716
| New | +$946K |
|
|
OIBR.C
2212
DELISTED
OI S.A. American Depositary Shares, each representing five shares of common stock
OIBR.C
| $967K | ﹤0.01% |
+2,000
| New | +$1.07M |
|
|
TWOU
2213
DELISTED
2U Inc
TWOU
| $966K | ﹤0.01% |
+1,916
| New | +$806K |
|
|
DTSI
2214
DELISTED
DTS, Inc.
DTSI
| $965K | ﹤0.01% |
52,403
+28,789
| +122% | +$527K |
|
2215
Forrester Research
FORR
$200M
| $962K | ﹤0.01% |
25,393
+9,111
| +56% | +$333K |
|
2216
Geron
GERN
$930M
| $961K | ﹤0.01% |
316,905
+211,105
| +200% | +$441K |
|
2217
CALL
Yum! Brands
YUM
$41.4B
| $958K | ﹤0.01% |
16,414
-834
| -5% | -$46.4K |
|
|
DNB
2218
DELISTED
Dun & Bradstreet
DNB
| $956K | ﹤0.01% |
8,676
-56,431
| -87% | -$5.92M |
|
2219
PUT
CarMax
KMX
$8.36B
| $952K | ﹤0.01% |
+18,300
| New | +$831K |
|
2220
LendingTree
TREE
$572M
| $950K | ﹤0.01% |
32,601
+9,813
| +43% | +$267K |
|
|
CLGX
2221
DELISTED
Corelogic, Inc.
CLGX
| $948K | ﹤0.01% |
31,227
-606,275
| -95% | -$17.5M |
|
|
BRSS
2222
DELISTED
Global Brass & Copper Hldgs, Inc
BRSS
| $948K | ﹤0.01% |
56,075
+32,507
| +138% | +$521K |
|
|
TRW
2223
DELISTED
TRW AUTOMOTIVE HOLDINGS CORP
TRW
| $941K | ﹤0.01% |
10,508
-115,525
| -92% | -$9.65M |
|
2224
Benchmark Electronics
BHE
$2.76B
| $940K | ﹤0.01% |
36,896
-100,152
| -73% | -$2.36M |
|
2225
CALL
The Mosaic Company
MOS
$7.34B
| $940K | ﹤0.01% |
19,000
-1,000
| -5% | -$49.3K |
|
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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.