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 | |
|---|---|---|---|---|---|---|
2426
Information Services Group
III
$200M
| $649K | ﹤0.01% |
+135,013
| New | +$667K |
|
2427
CALL
Merck
MRK
$326B
| $648K | ﹤0.01% |
+11,738
| New | +$640K |
|
|
WNS
2428
DELISTED
WNS Holdings
WNS
| $648K | ﹤0.01% |
33,796
-48,575
| -59% | -$896K |
|
2429
CALL
Tronox
TROX
$983M
| $646K | ﹤0.01% |
+24,000
| New | +$614K |
|
|
I
2430
DELISTED
INTELSAT S. A.
I
| $646K | ﹤0.01% |
+34,263
| New | +$636K |
|
|
DRTX
2431
DELISTED
DURATA THERAPEUTICS INC COM STK (DE)
DRTX
| $646K | ﹤0.01% |
37,918
-57,249
| -60% | -$852K |
|
2432
Mercado Libre
MELI
$94.5B
| $645K | ﹤0.01% |
6,759
-30,312
| -82% | -$2.65M |
|
2433
Ultragenyx Pharmaceutical
RARE
$2.53B
| $644K | ﹤0.01% |
14,350
-63,781
| -82% | -$2.63M |
|
2434
CALL
Synaptics
SYNA
$4.37B
| $644K | ﹤0.01% |
+7,100
| New | +$481K |
|
2435
Weis Markets
WMK
$1.91B
| $644K | ﹤0.01% |
+14,072
| New | +$648K |
|
|
QIHU
2436
PUT
DELISTED
QIHOO 360 TECHNOLOGY CO LTD ADS RPSTG 3 CL A SHS
QIHU
| $644K | ﹤0.01% |
7,000
-1,900
| -21% | -$167K |
|
|
CONN
2437
CALL
DELISTED
Conn's Inc.
CONN
| $642K | ﹤0.01% |
+13,000
| New | +$575K |
|
2438
Omeros
OMER
$792M
| $641K | ﹤0.01% |
36,859
-46,306
| -56% | -$584K |
|
2439
REX American Resources
REX
$1.41B
| $641K | ﹤0.01% |
52,446
-165,804
| -76% | -$1.82M |
|
|
CYOU
2440
DELISTED
Changyou.com Limited American Depositary Share
CYOU
| $640K | ﹤0.01% |
+24,621
| New | +$662K |
|
|
BWLD
2441
DELISTED
Buffalo Wild Wings, Inc.
BWLD
| $637K | ﹤0.01% |
3,844
-65,649
| -94% | -$9.64M |
|
|
TAL
2442
DELISTED
TAL INTERNATIONAL GROUP, INC.
TAL
| $635K | ﹤0.01% |
14,324
-237,486
| -94% | -$10.3M |
|
2443
PUT
Carpenter Technology
CRS
$27.8B
| $633K | ﹤0.01% |
10,000
+5,500
| +122% | +$349K |
|
2444
Carriage Services
CSV
$647M
| $633K | ﹤0.01% |
36,953
+14,625
| +66% | +$252K |
|
2445
Madrigal Pharmaceuticals
MDGL
$12.4B
| $632K | ﹤0.01% |
+4,413
| New | +$645K |
|
2446
PUT
Petrobras
PBR
$116B
| $632K | ﹤0.01% |
43,200
-609,300
| -93% | -$8.88M |
|
|
JMI
2447
DELISTED
JAVELIN MTG INVESTMENT CORP COM
JMI
| $630K | ﹤0.01% |
+44,677
| New | +$601K |
|
|
KTWO
2448
DELISTED
K2M Group Holdings, Inc
KTWO
| $629K | ﹤0.01% |
+42,264
| New | +$634K |
|
|
PBY
2449
DELISTED
PEP BOYS MANNY MOE& JACK
PBY
| $629K | ﹤0.01% |
+54,891
| New | +$593K |
|
2450
Ring Energy
REI
$287M
| $628K | ﹤0.01% |
+36,012
| New | +$652K |
|
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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.