Millennium Management Portfolio holdings
Millennium Management is a multistrategy hedge fund firm, started in 1989 by Israel Englander along with Ronald Shear, an acquaintance from the American Stock Exchange who left after six months. Englander remains its principal. It works as a platform: many separate investment teams, each with a portfolio manager given money to trade in a variety of strategies. Its teams research and pick individual companies, run computer-driven strategies, and trade fixed income, commodities and credit. In 2018 it launched a joint venture with WorldQuant, a computer-driven investment firm. Its clients include state and local government bodies and sovereign wealth funds.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
PepsiCo
PEP
|
+$192M |
| 2 |
Exelon
EXC
|
+$175M |
| 3 |
Anadarko Petroleum
APC
|
+$152M |
| 4 |
Apple
AAPL
|
+$149M |
| 5 |
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 Corp
PPL
|
+$119M |
| 5 |
Ralph Lauren
RL
|
+$112M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Energy | 14.71% |
| 2 | Miscellaneous | 14.36% |
| 3 | Healthcare | 12.6% |
| 4 | Utilities | 8.91% |
| 5 | Financials | 8.66% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$797B
| $1.09B | 3.01% |
5,555,600
+3,595,900
| +183% | +$684M |
2013 Q2
4 quarters
|
|
|
2
PPL Corp
PPL
$26.8B
| $339M | 0.94% |
10,232,761
-3,770,498
| -27% | -$119M |
2013 Q2
4 quarters
|
|
3
American Electric Power
AEP
$70.6B
| $300M | 0.83% |
5,372,250
-40,873
| -0.8% | -$2.16M |
2013 Q2
4 quarters
|
|
4
Devon Energy
DVN
$52.9B
| $281M | 0.78% |
3,542,338
-458,082
| -11% | -$33.3M |
2013 Q2
4 quarters
|
|
|
5
Exelon
EXC
$47.8B
| $275M | 0.76% |
10,556,564
+6,864,261
| +186% | +$175M |
2013 Q2
4 quarters
|
|
|
BHI
6
DELISTED
Baker Hughes
BHI
| $273M | 0.76% |
3,669,117
+114,260
| +3% | +$7.95M |
2013 Q2
4 quarters
|
|
|
7
DELISTED
Anadarko Petroleum
APC
| $266M | 0.74% |
2,428,699
+1,489,134
| +158% | +$152M |
2013 Q2
4 quarters
|
|
8
NextEra Energy
NEE
$179B
| $245M | 0.68% |
9,545,700
-1,421,244
| -13% | -$34.6M |
2013 Q2
4 quarters
|
|
9
Teva Pharmaceutical Industries Limited
TEVA
$50.9B
| $211M | 0.58% |
4,024,535
-1,168,658
| -23% | -$59.7M |
2013 Q2
4 quarters
|
|
|
10
PepsiCo
PEP
$197B
| $199M | 0.55% |
+2,223,276
| New | +$192M |
2014 Q2
0 quarters
|
|
11
CenterPoint Energy
CNP
$27.3B
| $196M | 0.54% |
7,661,077
+4,016,949
| +110% | +$97.4M |
2013 Q2
4 quarters
|
|
12
Sempra
SRE
$52B
| $194M | 0.54% |
3,708,060
+325,214
| +10% | +$16.2M |
2013 Q2
4 quarters
|
|
13
NRG Energy
NRG
$20.2B
| $190M | 0.53% |
5,109,005
+386,641
| +8% | +$13.3M |
2013 Q2
4 quarters
|
|
|
14
Apple
AAPL
$5.19T
| $189M | 0.52% |
8,152,332
+7,018,640
| +619% | +$149M |
2013 Q2
4 quarters
|
|
|
HOT
15
DELISTED
STARWOOD HOTELS & RESORTS WORLDWIDE, INC.
HOT
| $185M | 0.51% |
2,294,427
+379,919
| +20% | +$29.9M |
2013 Q2
4 quarters
|
|
|
XEC
16
DELISTED
CIMAREX ENERGY CO
XEC
| $180M | 0.5% |
1,252,867
+200,511
| +19% | +$25.5M |
2013 Q2
4 quarters
|
|
|
FRX
17
DELISTED
FOREST LABORATORIES INC
FRX
| $177M | 0.49% |
1,792,319
+467,964
| +35% | +$43.6M |
2013 Q2
4 quarters
|
|
|
18
Fifth Third Bancorp
FITB
$48.9B
| $164M | 0.46% |
7,701,047
+5,101,807
| +196% | +$108M |
2013 Q2
4 quarters
|
|
19
Edison International
EIX
$23.1B
| $164M | 0.45% |
2,813,685
-715,285
| -20% | -$40.1M |
2013 Q2
4 quarters
|
|
20
Zimmer Biomet
ZBH
$19.5B
| $162M | 0.45% |
1,610,339
+981,705
| +156% | +$95.8M |
2013 Q2
4 quarters
|
|
21
NiSource
NI
$22.1B
| $159M | 0.44% |
10,259,809
-4,074,959
| -28% | -$58.9M |
2013 Q2
4 quarters
|
|
22
SLB Ltd
SLB
$75.6B
| $158M | 0.44% |
1,340,276
+665,648
| +99% | +$68.6M |
2013 Q2
4 quarters
|
|
23
AbbVie
ABBV
$521B
| $158M | 0.44% |
2,791,444
+1,063,299
| +62% | +$55.8M |
2013 Q2
4 quarters
|
|
24
DELISTED
Southwestern Energy Company
SWN
| $150M | 0.42% |
3,304,674
+1,556,031
| +89% | +$72.1M |
2013 Q2
4 quarters
|
|
|
ALXN
25
DELISTED
Alexion Pharmaceuticals
ALXN
| $145M | 0.4% |
927,700
-49,838
| -5% | -$7.87M |
2013 Q2
4 quarters
|
|
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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 15% of assets, up from 13% a quarter earlier, followed by Miscellaneous and Healthcare.
- 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.