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 | |
|---|---|---|---|---|---|---|
2401
CALL
J.M. Smucker
SJM
$13.2B
| $671K | ﹤0.01% |
+6,300
| New | +$632K |
|
|
FBR
2402
DELISTED
Fibria Celulose Sa
FBR
| $671K | ﹤0.01% |
69,031
-106,438
| -61% | -$1.08M |
|
2403
Northern Oil and Gas
NOG
$2.15B
| $670K | ﹤0.01% |
+4,111
| New | +$626K |
|
|
AMPE
2404
DELISTED
Ampio Pharmaceuticals Inc.
AMPE
| $670K | ﹤0.01% |
268
+65
| +32% | +$133K |
|
|
ISIL
2405
DELISTED
Intersil Corp
ISIL
| $670K | ﹤0.01% |
44,783
-244,258
| -85% | -$3.33M |
|
|
BFYT
2406
DELISTED
Benefytt Technologies, Inc. Class A Common Stock
BFYT
| $669K | ﹤0.01% |
+54,266
| New | +$559K |
|
|
URS
2407
DELISTED
URS CORP
URS
| $667K | ﹤0.01% |
14,558
-32,517
| -69% | -$1.5M |
|
2408
Guidewire Software
GWRE
$13.1B
| $666K | ﹤0.01% |
+16,387
| New | +$650K |
|
2409
Inovio Pharmaceuticals
INO
$79.8M
| $665K | ﹤0.01% |
5,127
+4,471
| +682% | +$528K |
|
|
ONE
2410
DELISTED
HIGHER ONE HOLDINGS, INC COM STK
ONE
| $665K | ﹤0.01% |
174,638
-51,068
| -23% | -$250K |
|
2411
CALL
Emerson Electric
EMR
$84.9B
| $664K | ﹤0.01% |
+10,000
| New | +$672K |
|
2412
PUT
Signet Jewelers
SIG
$3.8B
| $664K | ﹤0.01% |
+6,000
| New | +$625K |
|
2413
iShares Russell 3000 ETF
IWV
$19.5B
| $662K | ﹤0.01% |
5,624
-4,794
| -46% | -$545K |
|
2414
CALL
Weyerhaeuser
WY
$17.6B
| $662K | ﹤0.01% |
20,000
| – | – |
|
2415
PUT
Eli Lilly
LLY
$1.09T
| $659K | ﹤0.01% |
+10,600
| New | +$632K |
|
2416
Assembly Biosciences
ASMB
$503M
| $658K | ﹤0.01% |
8,367
+8,008
| +2,231% | +$568K |
|
2417
Marten Transport
MRTN
$1.27B
| $657K | ﹤0.01% |
+73,540
| New | +$671K |
|
2418
CALL
AutoNation
AN
$7.25B
| $656K | ﹤0.01% |
11,000
-6,500
| -37% | -$360K |
|
|
SHYF
2419
DELISTED
The Shyft Group
SHYF
| $655K | ﹤0.01% |
+144,290
| New | +$737K |
|
|
TYPE
2420
DELISTED
Monotype Imaging Holdings Inc.
TYPE
| $655K | ﹤0.01% |
+23,238
| New | +$631K |
|
|
GTS
2421
DELISTED
Triple-S Management Corporation
GTS
| $652K | ﹤0.01% |
+38,206
| New | +$616K |
|
|
RNET
2422
DELISTED
RigNet, Inc.
RNET
| $652K | ﹤0.01% |
12,123
+4,588
| +61% | +$230K |
|
2423
CALL
FedEx
FDX
$73.5B
| $651K | ﹤0.01% |
4,300
+400
| +10% | +$55.9K |
|
2424
Cooper Companies
COO
$14B
| $650K | ﹤0.01% |
19,180
-1,243,500
| -98% | -$41.1M |
|
|
TDAY
2425
USA Today Co
TDAY
$1.24B
| $649K | ﹤0.01% |
45,968
-12,053
| -21% | -$172K |
|
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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.