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 |
ConocoPhillips
COP
|
+$164M |
| 2 |
PepsiCo
PEP
|
+$159M |
| 3 |
APC
Anadarko Petroleum
APC
|
+$154M |
| 4 |
AT&T
T
|
+$145M |
| 5 |
Fidelity National Information Services
FIS
|
+$139M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
NextEra Energy
NEE
|
+$250M |
| 2 |
PPL
PPL Corp
PPL
|
+$240M |
| 3 |
Occidental Petroleum
OXY
|
+$222M |
| 4 |
Lowe's Companies
LOW
|
+$180M |
| 5 |
American Electric Power
AEP
|
+$170M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 11.86% |
| 2 | Energy | 9.13% |
| 3 | Technology | 8.92% |
| 4 | Consumer Discretionary | 8.64% |
| 5 | Financials | 8.55% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
3301
Copa Holdings
CPA
$5.8B
| – | – |
-40,977
| Closed | -$1.98M |
|
3302
Chesapeake Utilities
CPK
$3.21B
| – | – |
-30,706
| Closed | -$1.74M |
|
3303
Cumberland Pharmaceuticals
CPIX
$117M
| – | – |
-614,092
| Closed | -$3.23M |
|
3304
Copart
CPRT
$27.5B
| – | – |
-980,880
| Closed | -$4.66M |
|
|
3305
PUT
Copart
CPRT
$27.5B
| – | – |
-1,600,000
| Closed | -$7.6M |
|
3306
PUT
Cheniere Energy
CQP
$31.3B
| – | – |
-50,000
| Closed | -$1.3M |
|
3307
Corbus Pharmaceuticals
CRBP
$190M
| – | – |
-374
| Closed | -$19K |
|
3308
Crawford & Co Class B
CRD.B
$604M
| – | – |
-11,585
| Closed | -$62K |
|
3309
CorMedix
CRMD
$584M
| – | – |
-12,064
| Closed | -$122K |
|
3310
Carpenter Technology
CRS
$28.4B
| – | – |
-224,087
| Closed | -$6.78M |
|
3311
CALL
Cintas
CTAS
$81.3B
| – | – |
-200,000
| Closed | -$4.55M |
|
|
3312
Cintas
CTAS
$81.3B
| – | – |
-273,208
| Closed | -$6.22M |
|
3313
CALL
CSX Corp
CSX
$93.1B
| – | – |
-150,000
| Closed | -$1.3M |
|
|
CTRA
3314
DELISTED
Coterra Energy
CTRA
| – | – |
-597,189
| Closed | -$12M |
|
3315
CTS Corp
CTS
$1.89B
| – | – |
-24,197
| Closed | -$427K |
|
3316
Cognizant
CTSH
$26B
| – | – |
-440,027
| Closed | -$26.4M |
|
|
CUK
3317
DELISTED
Carnival PLC
CUK
| – | – |
-89,842
| Closed | -$5.11M |
|
3318
Culp Inc
CULP
$44.1M
| – | – |
-27,463
| Closed | -$699K |
|
3319
CVB Financial
CVBF
$3.99B
| – | – |
-59,520
| Closed | -$1.01M |
|
3320
Commercial Vehicle Group
CVGI
$147M
| – | – |
-179,395
| Closed | -$495K |
|
3321
CVR Energy
CVI
$3.13B
| – | – |
-111,739
| Closed | -$4.4M |
|
3322
California Water Service
CWT
$3.12B
| – | – |
-88,073
| Closed | -$2.05M |
|
|
CYBR
3323
DELISTED
CyberArk
CYBR
| – | – |
-80,104
| Closed | -$3.62M |
|
3324
PUT
Delta Air Lines
DAL
$60.1B
| – | – |
-50,000
| Closed | -$2.54M |
|
3325
Donaldson
DCI
$11.4B
| – | – |
-546,222
| Closed | -$15.7M |
|
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Millennium Management's Q1 2016 Portfolio in Review
As of Q1 2016, Millennium Management held 4,057 positions worth $40B, down 16% from $47.6B the previous quarter. Its ten largest holdings account for 11% of the portfolio.
Millennium Management withdrew a net $6.85B in Q1 2016, closing 847 positions and reducing 1,408 holdings. Its most notable exit was Walmart Inc, an estimated $142M position sold in full.
By sector, the portfolio is most concentrated in Healthcare at 12% of assets, down from 12% a quarter earlier, followed by Energy and Technology.
Against the trend, Millennium Management opened a new position in ConocoPhillips worth $174M.
- Millennium Management's largest Q1 2016 buy was ConocoPhillips: 4,324,124 shares worth $174M.
- Millennium Management added most to PepsiCo in Q1 2016, an estimated $159M increase.
- Millennium Management's biggest Q1 2016 reduction was NextEra Energy, cutting an estimated $250M.
- Millennium Management fully exited Walmart Inc in Q1 2016, selling an estimated $142M.
- Millennium Management's ten largest holdings make up 11% of its $40B portfolio in Q1 2016.
- Millennium Management opened 691 new positions and closed 847 in Q1 2016.
- Millennium Management's portfolio value fell 16% quarter-over-quarter to $40B.
Based on Millennium Management's 13F filing for Q1 2016, filed 16 May 2016.